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

May 14, 2004

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)(Zip Code)

(858) 756-3023

(Registrant’s Telephone Number, including Area Code)

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

                (c)           Exhibits.

The following exhibit is furnished as part of this report:

99.1 A copy of the notice sent to  directors  and executive officers of First Community Bancorp is attached as Exhibit 99.1 hereto and incorporated herein by reference.

Item 11. Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans

                On May 14, 2004, First Community Bancorp (the “Company”) received the notice required under Section 101(i)(2)(E) of the Employment Retirement Income Security Act of 1974 with regard to blackout periods under all thirteen of the Company’s existing 401(k) and profit sharing plans (the “Plans”).  The notice indicated that the Plans will be consolidated into a new, single plan (the “New Plan”), and that Fidelity Investments, or an affiliate thereof, will be the recordkeeper and trustee of the New Plan.  In order to effectuate this change, individuals covered by the Plans will be unable to direct or diversify investments in the Plans, including purchases or sales of the common stock of the Company, during a time period that will begin on June 16, 2004 and that will end on August 8, 2004 (the “Blackout Period”).  In addition, no loans or distributions from the Plans will be permitted during the Blackout Period.

                On May 19, 2004, the Company sent a notice to its directors and executive officers subject to Section 16 of the Securities Exchange Act of 1934, as amended, restricting them from trading in Company common stock during the Blackout Period.  A copy of the notice sent to directors and executive officers is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

                The person designated by the Company to respond to inquiries about the Blackout Period is Mr. Michael Thompson, Executive Vice President and Director of Human Resources, First Community Bancorp, 120 Wilshire Blvd., Santa Monica, CA 90401, telephone: 1-310-458-1531 x224.  During the Blackout Period a security holder or other interested person may obtain, without charge, the actual beginning and expected ending dates of the Blackout Period by sending an inquiry to Mr. Thompson.

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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 hereunto duly authorized.

	FIRST COMMUNITY BANCORP
Date:  May 20, 2004	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	Notice sent to directors and executive officers, dated May 19, 2004

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EX-99.1

Exhibit 99.1

FIRST COMMUNITY BANCORP

MEMORANDUM

TO:	All Directors and Executive Officers of First Community Bancorp
FROM:	Jared M. Wolff, Executive Vice President, General Counsel & Secretary
DATE:	May 19, 2004
SUBJECT:	Blackout in Trading of Common Stock of First Community Bancorp (“FCB”)

Pursuant to the Sarbanes-Oxley Act of 2002 and Regulation BTR promulgated thereunder, FCB is required to give you this notice.

            As a result of numerous acquisitions, FCB currently has thirteen active 401(k) and profit sharing plans, all of which are being consolidated into a single plan (the “Plan”).  The consolidation into a single Plan will also result in a change of recordkeeper and trustee for the Plan to Fidelity Investments, or an affiliate thereof.  The blackout period during which this conversion will occur commences June 16, 2004 and is expected to continue through, and end on, August 9, 2004 (the “Conversion Blackout Period”). During this period of time, participants in any the existing 401(k) and profit sharing plans will be unable to direct or diversify investments in their individual accounts.

            Directors and executive officers are prohibited from purchasing, selling or otherwise acquiring or transferring any shares of FCB Common Stock during the Conversion Blackout Period, if those shares were acquired in connection with services provided to, or employment with, FCB.   Automatic purchases of FCB Common Stock pursuant to the Rule 10b5-1 provisions of the Directors Deferred Compensation Plan will still occur as scheduled in the Directors Deferred Compensation Plan.

            This trading prohibition overlaps with the regularly scheduled trading blackout period for FCB directors and executive officers, which commences at the close of regular Nasdaq trading hours on June 15, 2004 and which is scheduled to end two business days after second quarter earnings are announced. As a result, the blackout period will still commence after the close of the market on June 15, 2004 and the Conversion Blackout Period will extend our regularly scheduled blackout through August 9, 2004.

            For inquiries concerning either the Conversion Blackout Period or the regularly scheduled trading blackout period, please contact Jared M. Wolff, Executive Vice President, General Counsel and Secretary, First Community Bancorp, 120 Wilshire Blvd., Santa Monica, CA 90401, (310) 458-1531 x286.