8-K

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) September 21, 2007

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:

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

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

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

oPre-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.

Jerry W. DeCou III, Chairman of the Board of Santa Lucia Bancorp, recently announced a 25-cent per share cash dividend to shareholders of record as of September 30, 2007.  This represents a 25 percent increase over the 20 cent per share cash dividend that was paid to shareholders of record as of March 31, 2007.  The dividend will be paid on or about October 20, 2007.  Attached hereto as Exhibit 99.1 is a press release, dated September 21, 2007, announcing the cash dividend.  In addition to the press release, Santa Lucia Bancorp will announce the dividend through an advertisement placed in a local paper, the form of which is attached hereto as Exhibit 99.2.

This is the third cash dividend paid by Santa Lucia Bancorp, which was formed on April 3, 2006, to serve as the bank holding company for Santa Lucia Bank.  This dividend by Santa Lucia Bancorp continues the tradition of Santa Lucia Bank’s payment of consecutive cash dividends for the past 18 years.

Section 9 – Financial Statements and Exhibits

Item 9.01	Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.		Description
99.1		Press Release of September 21, 2007
99.2		Form of Advertisement announcing cash dividend

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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: September 21, 2007	SANTA LUCIA BANCORP
	By:	/s/ LARRY H. PUTNAM
		Larry H. Putnam
		President & CEO

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release dated September 21, 2007
99.2	Form of Advertisement announcing cash dividend

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EX-99.1

Exhibit 99.1

September 21, 2007

NEWS RELEASE

FOR IMMEDIATE RELEASE

Contacts:	Larry H. Putnam	(805) 466-7087
	President and Chief Executive Officer
	John Hansen	(805) 466-7087
	Executive Vice President and Chief Financial Officer
	Santa Lucia Bancorp	(805) 466-7087
	www.santaluciabank.com

SANTA LUCIA BANCORP (ATASCADERO, CALIFORNIA)

(OTC Bulletin Board: SLBA.OB)

ANNOUNCES CASH DIVIDEND

Mr. Jerry W. DeCou III, Chairman of the Board of Santa Lucia Bancorp recently announced a 25-cent per share cash dividend to shareholders of record as of September 30, 2007.  This represents a 25 percent increase over the 20 cent per share cash dividend that was paid to shareholders of record as of March 31, 2007.  The dividend will be paid on or about October 20, 2007.

This is the third cash dividend paid by Santa Lucia Bancorp, which was formed on April 3, 2006, to serve as the bank holding company for Santa Lucia Bank.  This dividend by Santa Lucia Bancorp continues the tradition of Santa Lucia Bank’s payment of consecutive cash dividends for the past 18 years.

“The Board of Directors of Santa Lucia Bancorp would like to thank the shareholders for their continued support.  The Board would also like to express its gratitude to the customers and staff of the Bank who make the continued success of the company possible,” stated Mr. DeCou.

Santa Lucia Bancorp is headquartered in Atascadero, California and operates Santa Lucia Bank as a wholly owned subsidiary with offices in Atascadero, Paso Robles, Arroyo Grande and Santa Maria.  Santa Lucia Bank opened for business on August 5, 1985.

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties.  Actual results may differ materially from stated expectations.  Specific factors include, but are not limited to, increased profitability, continued growth, the Bank’s beliefs as to the adequacy of its existing and anticipated allowances for loan losses, beliefs and expectations regarding actions that may be taken by regulatory authorities having oversight over the Company’s or Bank’s operations, interest rates and financial policies of the United States government, general economic conditions and California’s energy crisis.  Additional information on these and other factors that could affect financial results are included in the Company’s Securities and Exchange Commission filings.

When used in this release, the words or phrases such as “will likely result in”, “management expects that”, “will continue”, “is anticipated”, “estimate”, “projected”, or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA).  Readers should not place undue reliance on the forward-looking statements, which reflect management’s view only as of the date hereof.  Santa Lucia Bancorp undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.  This statement is included for the express purpose of protecting Santa Lucia Bancorp under PSLRA’s safe harbor provisions.

EX-99.2

Exhibit 99.2

Santa Lucia Bancorp
Announces a
25% Increase in
Cash Dividends

The Board of Directors of Santa Lucia Bancorp approved a 25-cent per share cash dividend to shareholders of record as of September 30, 2007 to be paid on or about October 20, 2007.

This is the third cash dividend paid by Santa Lucia Bancorp, continuing the tradition of Santa Lucia Bank, a wholly owned subsidiary, that has paid cash dividends for 18 consecutive years.

The last cash dividend of 20 cents per share was paid to shareholders of record as of March 31, 2007.

7480 EI Camino Real         Atascadero          466-7087