This Employment Agreement (the "Agreement") is made and entered into as of June 19, 1996 by and between
Klickitat Valley Bank (the "Bank") and Wesley A. Kangas ("Employee").
(1) The Bank is a state-chartered Washington financial institution with its principal office in Goldendale,
(2) The Bank desires to employ Employee as President and Chief Executive Officer of the Bank.
Now, therefore, it is agreed:
1. Relationship and Duties.
1.1 The Bank shall employ Employee as an officer of the Bank with the title of President and Chief Executive
Officer to perform such services and duties as the Board of Directors of the Bank (the "Board") may designate
from time to time. Subject to the terms and conditions hereof, employee shall perform such duties and exercise
such authority as are customarily performed and exercised by persons holding such office, subject to the general
direction of the Board. Such services and duties shall be exercised in good faith and in accordance with standards
of reasonable business judgment.
1.2 Employee shall serve on the Board and on such committees established by the Board to which Employee
may be appointed.
1.3 Employee shall devote his full time, attention and efforts to the diligent performance of his duties as an officer
and director of the Bank. Employee will not accept employment with any other individual, corporation,
partnership, governmental authority or any other entity, or engage in any other venture for profit which the Bank
may consider to be in conflict with the Bank's best interests or to be in competition with the Bank's business, or
which may interfere in any way with Employee's performance of his duties hereunder. Any exceptions to the
above conditions must be approved by the Board in writing.
1.4 Nothing in the Agreement shall prohibit Employee from serving on the board of directors of any profit or non-
profit corporation not in direct competition with Bank or with any subsidiary, sis