0001104659-06-069947.txt : 20061031 0001104659-06-069947.hdr.sgml : 20061031 20061031163420 ACCESSION NUMBER: 0001104659-06-069947 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061028 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061031 DATE AS OF CHANGE: 20061031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Santa Lucia Bancorp CENTRAL INDEX KEY: 0001355607 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51901 FILM NUMBER: 061175984 BUSINESS ADDRESS: STREET 1: P. O. BOX 6047 CITY: ATASCADERO STATE: CA ZIP: 93423 BUSINESS PHONE: 805-466-7087 MAIL ADDRESS: STREET 1: P. O. BOX 6047 CITY: ATASCADERO STATE: CA ZIP: 93423 8-K 1 a06-22985_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

UNITED STATES
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) October 28, 2006

Santa Lucia Bancorp
(Exact name of Registrant as specified in its charter)

California	000-51901	35-2267934
(State or other jurisdiction	(File number)	(I.R.S. Employer
of incorporation)		Identification No.)

7480 El Camino Real, Atascadero, CA		93422
(Address of principal executive office)		(Zip Code)

Registrant’s telephone number, including area code (805) 466-7087

Not Applicable

(Former name or former address, if changes since last report)

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

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

SECTION 8 – OTHER EVENTS

Item 8.01 Other Events.

On October 28, 2006, at a special meeting of the Board of Directors of Santa Lucia Bancorp, the Board adopted a resolution authorizing the repurchase of up to one million dollars ($1,000,000) worth of Company stock.

Please refer to the Press Release dated October 30, 2006 attached hereto and made a part hereof.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Description
99.1		Press release dated October 30, 2006 announcing authorization of stock purchase plan.

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.

Dated: October 30, 2006	SANTA LUCIA BANCORP


	By:	/s/ LARRY H. PUTNAM
		Larry H. Putnam
		President & CEO

EXHIBIT INDEX

Exhibit No.		Description

99.1		Press Release dated October 30, 2006 announcing authorization of stock repurchase plan.

EX-99.1 2 a06-22985_1ex99d1.htm EX-99.1

Exhibit 99.1

Santa Lucia Bancorp Announces Authorization of Stock Repurchase Plan

ATASCADERO, CA – October 30, 2006- Jerry W. DeCou III, Chairman of the Board of Santa Lucia Bancorp, announced that on October 28, 2006, at a special meeting of the Board of Directors of Santa Lucia Bancorp, the Board adopted a resolution authorizing the repurchase of up to One Million Dollars ($1,000,000) worth of Company stock. This stock repurchase plan will not be time-limited, however the Board reserves the right to discontinue the plan at any time. Purchases are to be made, as conditions warrant, from time to time in the open market or in block purchases or in privately negotiated transactions in compliance with Securities and Exchange Commission (SEC) rules.

“Repurchasing stock is a valuable tool for building shareholder value,” said DeCou. “The buyback will reduce the number of outstanding shares, which will improve our earnings per share and return on equity.”

Santa Lucia Bancorp, headquartered in Atascadero, California is a California corporation organized in 2006 to act as the holding company for Santa Lucia Bank (the Bank). Santa Lucia Bank has operated in the State of California since August 5, 1985. The Bank engages in the commercial banking business principally in San Luis Obispo and northern Santa Barbara Counties from its banking offices located in Paso Robles, Atascadero, Arroyo Grande and Santa Maria, California.

Forward-Looking Statements

The statements in this press release regarding the repurchase of Santa Lucia Bancorp common stock are forward-looking statements that are subject to risks and uncertainties. Santa Lucia Bancorp may repurchase $1,000,000 of its stock, none of its stock, or any amount in between. Santa Lucia Bancorp reserves the right to discontinue this stock repurchase plan at any time. A detailed description of additional risks relating to Santa Lucia Bancorp can be found in our filings with the Securities and Exchange Commission, including Forms 10QSB for the first and second quarters of 2006. Copies of filings made with the SEC are available though the SEC’s electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. All forward-looking statements made in this press release are made as of the date hereof, and we assume no obligation to update the forward-looking statements included in this document.