Summary of COBIZ FINANCIAL INC

Item 5.07. Submission of Matters to a Vote of Security Holders.

CoBiz Financial Inc. (the "Company") held its annual meeting of shareholders on May 17, 2012, and the following matters were voted:

1. The election of the following nominees to serve as directors of the Company:

                                               Broker
Nominee                 For       Withheld    non-votes
Steven Bangert       31,188,771   1,334,653           -
Michael B. Burgamy   28,054,816   4,468,608           -
Morgan Gust          31,867,042     656,382           -
Evan Makovsky        27,672,201   4,851,223           -
Douglas L. Polson    31,284,341   1,239,083           -
Mary K. Rhinehart    30,344,603   2,178,821           -
Noel N. Rothman      28,837,071   3,686,353           -
Bruce H. Schroffel   32,041,620     481,804           -
Timothy J. Travis    29,113,814   3,409,610           -
Mary Beth Vitale     30,870,760   1,652,664           -
Mary M. White        31,985,819     537,605           -

2. The nonbinding shareholder approval of executive compensation was approved as follows:

For                31,355,195
Against             1,128,261
Abstain                39,968
Broker non-votes            -

3. The advisory proposal on the frequency of future advisory votes regarding executive compensation was voted as follows:

One Year      30,254,194
Two Years        108,502
Three Years    1,935,221
Abstain          225,507

In light of the voting results, where the majority of the shareholders favored an annual advisory vote on executive compensation, the Company's Board of Directors has elected to provide an annual advisory vote on executive compensation. This decision will be revisited at the next required vote on the frequency of shareholder votes on the compensation of executives, which is required to be provided at least every six years.

4. The shareholder proposal regarding the independence of the Chairman of the Board was voted against as follows:

For                 8,363,549
Against            23,723,474
Abstain               436,401
Broker non-votes            -