-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E1MJVR6KL0pe+Egevvn5ws3lD5iWQ6TpUCWFcMYAZmWTzxGdtPaMdsFeDZ8FFuYN X7aygXDBV9ylR/0Q0HCrgg== 0001104659-03-015303.txt : 20030722 0001104659-03-015303.hdr.sgml : 20030722 20030722080157 ACCESSION NUMBER: 0001104659-03-015303 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030721 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST COMMUNITY BANCORP /CA/ CENTRAL INDEX KEY: 0001102112 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 330885320 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30747 FILM NUMBER: 03795348 BUSINESS ADDRESS: STREET 1: 6110 EL TORDO CITY: RANCHO SANTA FE STATE: CA ZIP: 92067 BUSINESS PHONE: 8587563023 8-K 1 a03-1242_18k.htm 8-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

July 21, 2003

Date of Report (Date of Earliest Event Reported)

 

 

FIRST COMMUNITY BANCORP

(Exact Name of Registrant as Specified in Charter)

 

CALIFORNIA

(State or Other Jurisdiction of Incorporation)

 

00-30747

 

33-0885320

(Commission File Number)

 

(IRS Employer Identification No.)

 

6110 El Tordo
PO Box 2388
Rancho Santa Fe, California 92067

(Address of Principal Executive Offices)

 

(858) 756-3023

(Registrant’s Telephone Number, including Area Code)

 

 



 

The information in this Current Report on Form 8-K, including the exhibit, is furnished pursuant to Item 9 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section.  Furthermore, the information in this Current Report on Form 8-K, including the exhibit, shall not be deemed to be incorporated by reference into the filings of First Community Bancorp (the “Company”) under the Securities Act of 1933, as amended.

 

Item 7.                                                             Financial Statements, Pro Forma Financial Information and Exhibits.

 

The following exhibit is furnished as part of this report:

 

99.1                                                                           Press release of First Community Bancorp, dated July 21, 2003, announcing the hiring of Victor Santoro as the Company’s new Chief Financial Officer.

 

Item 9.                                                             Regulation FD Disclosure.

 

On July 21, 2003, First Community Bancorp announced that Victor Santoro has been hired as the Company’s new Chief Financial Officer.  Attached hereto as Exhibit 99.1 is a copy of the press release.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized.

 

Dated: July 22, 2003

 

 

 

FIRST COMMUNITY BANCORP

 

 

 

By:

/s/ Jared M. Wolff

 

 

 

Name:

Jared M. Wolff

 

 

Title:

Executive Vice President,
General Counsel and Secretary

 

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Exhibit Index

 

Exhibit
Number

 

Description

 

 

 

99.1

 

Press release of First Community Bancorp, dated July 21, 2003, announcing the hiring of Victor Santoro as the Company’s new Chief Financial Officer.

 

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EX-99.1 3 a03-1242_1ex991.htm EX-99.1

Exhibit 99.1

 

PRESS RELEASE

 

First Community Bancorp

(NASDAQ: FCBP)

 

Contact:

Matthew P. Wagner
President and
Chief Executive Officer
120 Wilshire Boulevard
Santa Monica, CA 90401

Phone:

310-458-1521 x 271

Fax:

310-451-4555

 

FOR IMMEDIATE RELEASE

JULY 21, 2003

 

FIRST COMMUNITY BANCORP HIRES NEW CHIEF FINANCIAL OFFICER
Victor Santoro, former KPMG partner, to assume CFO role
—Current CFO, Lynn Hopkins, to remain CFO of subsidiary banks

 

Rancho Santa Fe, California . . .. First Community Bancorp (Nasdaq: FCBP) today announced that it has hired Victor R. Santoro, a former KPMG partner, as its executive vice president and chief financial officer.  Mr. Santoro succeeds Lynn M. Hopkins who will remain with the Company as executive vice president and chief financial officer of each of the Company’s subsidiary banks, First National Bank and Pacific Western National Bank.  Ms. Hopkins will also remain a director of each bank.  Mr. Santoro is expected to join First Community on September 2, 2003.  Ms. Hopkins will continue as chief financial officer of First Community until Mr. Santoro’s arrival.

 

Matt Wagner, president and chief executive officer of First Community commented, “We are very fortunate to have someone of Vic’s caliber join the company.  His distinguished career with KPMG as both an audit and SEC reviewing partner and his extensive work with financial institutions will be invaluable to us as we continue to focus on growth and improved profitability.”

 

Mr. Wagner continued, “We are also grateful to Lynn Hopkins who has done a tremendous job since joining us in April 2002 after our former CFO, Arnold Hahn, passed away.  Her dedication to the Company was unparalleled during a period when First Community grew from $1.2 billion in assets to over $2.1 billion.  We are very pleased that she will continue as chief financial officer of each our banks.”

 

As chief financial officer, Mr. Santoro will be responsible for First Community’s overall financial reporting and planning and will be a key advisor on strategic and financial matters.  Along with the First Community’s president and chief executive officer, Matt Wagner, Mr. Santoro will represent First Community to investors.  Mr. Santoro will also become a director of each of First National Bank and Pacific Western National Bank.

 



 

“I am very excited to be joining such a focused and dynamic company,” stated Mr. Santoro.  “First Community has put together what is quickly becoming Southern California’s premier community banking franchise.  The opportunity I saw to become part of such a first-rate organization made the decision to join First Community an easy one.”

 

Mr. Santoro joins First Community from KPMG, LLP, one of the nation’s leading accounting firms, where he had been a partner since 1980.  At KPMG, Mr. Santoro primarily focused on clients in the banking industry and most recently had been an Audit Partner and SEC Reviewing Partner in KPMG’s San Francisco office.  Mr. Santoro will be relocating to the Los Angeles area.

 

Mr. Santoro graduated from St. Francis College in New York City in 1969.  He is a member of the American Institute of Certified Public Accountants and the California Society of CPAs, and holds CPA licenses in New York, California and Hawaii.

 

About First Community Bancorp

 

First Community Bancorp is a bank holding company with approximately $2.1 billion in assets as of March 31, 2003 via its two wholly-owned banking subsidiaries, Pacific Western National Bank and First National Bank. Through the banks’ 31 full-service community banking branches, First Community provides commercial banking services, including real estate, construction and commercial loans, to small and medium-sized businesses.  Pacific Western has 18 branches located throughout Los Angeles, Orange, Riverside and San Bernardino Counties and First National Bank has 13 branches across San Diego County.  On April 17, 2003, First Community announced its acquisition of Verdugo Banking Company, a one-branch bank located in Glendale, California with approximately $179 million in assets as of March 31, 2003.  The acquisition is expected to close in mid-third quarter 2003.

 

Forward Looking Statements

 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve inherent risks and uncertainties. First Community Bancorp cautions readers that a number of important factors could cause actual results to differ materially from those in such forward-looking statements.  All statements other than statements of historical fact are forward-looking statements.  Risks and uncertainties include, but are not limited to: the possibility that personnel changes will not proceed as planned; planned acquisitions and relative cost savings cannot be realized or realized within the expected time frame; revenues are lower than expected; competitive pressure among depository institutions increases significantly; the integration of acquired businesses costs more, takes longer or is less successful than expected; the cost of additional capital is more than expected; changes in the interest rate environment reduces interest margins; general economic conditions, either nationally or in the market area in which First Community does business, are less favorable than expected; legislation or regulatory requirements or changes adversely affect First Community’s business; changes that may occur in the securities markets; and other risks that are described in First Community’s

 

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Securities and Exchange Commission filings.  If any of these uncertainties materializes or any of these assumptions proves incorrect, First Community’s results could differ materially from First Community’s expectations as set forth in these statements.  First Community assumes no obligation to update such forward-looking statements.

 

Investors and security holders are urged to read First Community Bancorp’s annual report on Form 10-K for the year ended December 31, 2002 and other documents filed by the Company with the Securities and Exchange Commission.  The documents filed by First Community with the Commission may be obtained at First Community Bancorp’s website at www.firstcommunitybancorp.com or at the Commission’s website at www.sec.gov.  These documents may also be obtained free of charge from First Community by directing a request to: First Community Bancorp c/o Pacific Western Bank, 275 North Brea Boulevard, Brea, CA 92821.  Attention: Investor Relations. Telephone 714-671-6800.

 

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