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

Date of Report (Date of earliest event reported): May 28, 2008

SERVICE 1^ST BANCORP

(Exact name of registrant as specified in its charter)

California		000-50323		32-0061893
(State or other jurisdiction of incorporation)		(File number)		(I.R.S. Employer identification number)

60 W. 10^th Street, Tracy, California 95376

(Address of principal executive offices and zip code)

(209) 956-7800

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement

On May 28, 2008, Service 1^st Bancorp (OTC BB: SVCF), a bank holding company headquartered in Tracy, California, and Central Valley Community Bancorp (NASDAQ: CVCY), a bank holding company headquartered in Fresno, California, entered into a Reorganization Agreement and Plan of Merger. Under the terms of the Reorganization Agreement, Service 1^st Bancorp will merge with and into Central Valley Community Bancorp (the “Merger”), and Service 1^st Bancorp’s subsidiary, Service 1^st Bank, with branches in Tracy, Stockton and Lodi, will merge with and into Central Valley Community Bancorp’s subsidiary, Central Valley Community Bank (the “Bank Merger”), subject to receipt of required regulatory approvals and approvals by both companies’ shareholders. The Merger and Bank Merger are currently anticipated to be completed in the third quarter of 2008. Under the Reorganization Agreement, Service 1^st Bancorp shareholders will receive, per share, cash in the amount of $2.50 and shares of Central Valley Community Bancorp common stock based on a conversion ratio of 0.681818, subject to certain adjustments that will be finalized prior to completion of the Merger, and subject to a cash holdback of $3,500,000 (approximately $1.33 per share) to be deposited into an escrow account pending the outcome of certain litigation matters.

The foregoing is qualified in its entirety by reference to the Reorganization Agreement and Plan of Merger dated May 28, 2008, the exhibits thereto and the Joint Press Release dated May 28, 2008, attached as Exhibits to this report on Form 8-K.

Item 5.01 Changes in Control of Registrant

The disclosure set forth in Item 1.01 of this report on Form 8-K is incorporated by reference herein in response to the disclosure required by Item 5.01.

Item 8.01 Other Events

Service 1^st Bancorp and Central Valley Community Bancorp issued a Joint Press Release dated May 28, 2008, announcing the Reorganization Agreement and Plan of Merger by and among Central Valley Community Bancorp, Central Valley Community Bank, Service 1^st Bancorp and Service 1^st Bank.

Item 9.01. Financial Statements and Exhibits

a. Financial Statements

None

b. Pro Forma Financial Information

None

c. Shell Company Transactions

None

d. Exhibits

2.2 Reorganization Agreement and Plan of Merger by and among Central Valley Community Bancorp, Central Valley Community Bank, Service 1^st Bancorp and Service 1^st Bank dated May 28, 2008.

2.2 Exhibit A: Form of Merger Agreement by and between Central Valley Community Bancorp and Service 1^st Bancorp.

2.2 Exhibit B: Form of Bank Merger Agreement between Central Valley Community Bank and Service 1^st Bank.

2.2 Exhibit C: Form of Company Shareholder Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and the following shareholders and officers and/or directors of Service 1^st Bancorp: Dean F. Andal, Eugene C. Gini, Robert D. Lawrence, Susan H. Lenz, Frances C. Mizuno, Richard R. Paulsen, Toni Marie Raymus, Michael K. Repetto, Anthony F. Souza, and Donald L. Walters dated May 28, 2008; Form of Company Shareholder Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and Bryan R. Hyzdu, shareholder and executive officer of Service 1^st Bank; and Form of Company Shareholder Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and John O. Brooks, shareholder and executive officer of Service 1^st Bancorp.

2.2 Exhibit D: Identified Officers.

2.2 Exhibit E: Form of Nonsolicitation Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and Robert E. Bloch, an executive officer of Service 1^st Bancorp and/or Service 1^st Bank; Form of Nonsolicitation Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and Patrick J. Carman, an executive officer of Service 1^st Bancorp and/or Service 1^st Bank; and Form of Nonsolicitation Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and Shannon Reinard, an executive officer of Service 1^st Bancorp and/or Service 1^st Bank.

2.2 Exhibit F: Form of Parent Shareholder Agreement by and between Service 1^st Bancorp, and the following shareholders and directors of Central Valley Community Bancorp and Central Valley Community Bank: Daniel N. Cunningham, Daniel J. Doyle, Wanda L. Rogers, Sidney B. Cox, Steven D. McDonald, William S. Smittcamp, Edwin S. Darden, Jr., Louis C. McMurray, and Joseph B. Weirick.

2.2 Exhibit G: Form of Escrow Agreement by and between Former Shareholders and Option Holders of Service 1^st Bancorp and Central Valley Community Bank and the Escrow Agent.

99.1 Central Valley Community Bancorp and Service 1^st Bancorp Joint Press Release dated May 28, 2008, announcing the Reorganization Agreement and Plan of Merger by and among Central Valley Community Bancorp, Central Valley Community Bank, Service 1^st Bancorp and Service 1^st Bank.

SIGNATURES

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.

May 28, 2008

Service 1^st Bancorp
(Registrant)

By:	/s/ Robert E. Bloch
	Executive Vice President/Chief Financial Officer

EXHIBIT INDEX

Exhibit Number		Description

2.2		Reorganization Agreement and Plan of Merger by and among Central Valley Community Bancorp, Central Valley Community Bank, Service 1^st Bancorp and Service 1^st Bank dated May 28, 2008.
2.2		Exhibit A: Form of Merger Agreement by and between Central Valley Community Bancorp and Service 1^st Bancorp.
2.2		Exhibit B: Form of Bank Merger Agreement between Central Valley Community Bank and Service 1^st Bank.
2.2		Exhibit C: Form of Company Shareholder Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and the following shareholders and officers and/or directors of Service 1^st Bancorp: Dean F. Andal, Eugene C. Gini, Robert D. Lawrence, Susan H. Lenz, Frances C. Mizuno, Richard R. Paulsen, Toni Marie Raymus, Michael K. Repetto, Anthony F. Souza, and Donald L. Walters dated May 28, 2008; Form of Company Shareholder Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and Bryan R. Hyzdu, shareholder and executive officer of Service 1^st Bank; and Form of Company Shareholder Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and John O. Brooks, shareholder and executive officer of Service 1^st Bancorp.
2.2		Exhibit D: Identified Officers
2.2		Exhibit E: Form of Nonsolicitation Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and Robert E. Bloch, an executive officer of Service 1^st Bancorp and/or Service 1^st Bank; Form of Nonsolicitation Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and Patrick J. Carman, an executive officer of Service 1^st Bancorp and/or Service 1^st Bank; and Form of Nonsolicitation Agreement by and between Central Valley Community Bancorp, Service 1^st Bancorp and Shannon Reinard, an executive officer of Service 1^st Bancorp and/or Service 1^st Bank.
2.2		Exhibit F: Form of Parent Shareholder Agreement by and between Service 1^st Bancorp, and the following shareholders and directors of Central Valley Community Bancorp and Central Valley Community Bank: Daniel N. Cunningham, Daniel J. Doyle, Wanda L. Rogers, Sidney B. Cox, Steven D. McDonald, William S. Smittcamp, Edwin S. Darden, Jr., Louis C. McMurray, and Joseph B. Weirick.

2.2		Exhibit G: Form of Escrow Agreement by and between Former Shareholders and Option Holders of Service 1^st Bancorp and Central Valley Community Bank and the Escrow Agent.
99.1		Central Valley Community Bancorp and Service 1^st Bancorp Joint Press Release dated May 28, 2008, announcing the Reorganization Agreement and Plan of Merger by and among Central Valley Community Bancorp, Central Valley Community Bank, Service 1^st Bancorp and Service 1^st Bank.