March 21, 2008			Exhibit 99.1
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 that the board of directors approved a 25-cent per share cash dividend to shareholders of record as of March 31, 2008.  The dividend will be paid on or about April 18, 2008.

This is the fourth 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 19 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.  Such factors include, among other, the following:  General economic and business conditions in those areas in which the company operates, the recent disruptions in the U. S. credit markets, demographic changes, competition, fluctuations in interest rates, changes in business strategy or development plans, changes in governmental  regulation, credit quality, the availability of capital to fund the expansion of the company’s business, economic, political and global changes arising from the war on terrorism.  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.