On November 12, Richard Dalton, President of CoBiz Financial Inc. ("CoBiz") adopted a Rule 10b5-1 trading plan (the "Plan") with a broker to sell up to 36,000 shares of CoBiz common stock. Mr. Dalton entered into the Plan as part of his personal long-term investment strategy for asset diversification and liquidity.

Pursuant to Mr. Dalton's Plan, the brokerage firm may sell shares as detailed in the following schedule beginning on December 3, 2008. Mr. Dalton will have no control over the timing of his stock sales under the Plan; however, the brokerage firm shall be limited in that no shares may be sold at any price below $10 per share. Any orders placed that are not executed on the trade start date will remain open and may be consolidated with other orders until the trade end date. The Plan is scheduled to terminate on February 26, 2010. Any transactions under the Plan will be reported by Mr. Dalton through individual Form 4 filings with the Securities and Exchange Commission.

Trade          Trade      Number
start date   end date    of shares
12/3/2008    2/26/2010       5,500
 1/5/2009    2/26/2010       2,500
 2/3/2009    2/26/2010       2,500
 3/3/2009    2/26/2010       2,500
 4/3/2009    2/26/2010       2,500
 5/4/2009    2/26/2010       2,500
 6/3/2009    2/26/2010       2,500
 7/1/2009    2/26/2010       2,500
 8/3/2009    2/26/2010       2,500
 9/3/2009    2/26/2010       2,500
11/5/2009    2/26/2010       2,500
11/3/2009    2/26/2010       5,500

The Plan is intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934 and CoBiz's insider trading policy. Rule 10b5-1 allows corporate insiders to establish prearranged written stock trading plans. A Rule 10b5-1 plan must be entered into in good faith at a time when the insider is not aware of material, nonpublic information. Subsequent receipt by the insider of material, nonpublic information will not prevent prearranged transactions under Rule 10b5-1 from being executed.