8-K 1 a10-16795_28k.htm 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) August 31, 2010

 

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

 

Following consultation with the Federal Reserve Bank of San Francisco (the “FRB”), on August 31, 2010 Santa Lucia Bancorp (the “Company”) elected to defer regularly scheduled payments on its outstanding junior subordinated debenture relating to its outstanding $5 million trust preferred security (the “Security”) for a period of up to 20 consecutive quarters (the “Deferral Period”).  The terms of the Security and the trust documents allow the Company to defer payments of interest for the Deferral Period without default or penalty.  During the Deferral Period, the Company will continue to recognize interest expense associated with the Security.  Upon the expiration of the Deferral Period, all accrued and unpaid interest will be due and payable.  During the Deferral Period, the Company is prevented from paying cash dividends to shareholders or repurchasing stock.

 

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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 3, 2010

SANTA LUCIA BANCORP

 

 

 

 

 

/s/ Margaret A. Torres

 

By: Margaret A. Torres

 

Executive Vice President and Chief Financial Officer
(Principal Financial Officer)

 

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