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<SEC-DOCUMENT>0001401099-08-000013.txt : 20080425
<SEC-HEADER>0001401099-08-000013.hdr.sgml : 20080425
<ACCEPTANCE-DATETIME>20080425123605
ACCESSION NUMBER:		0001401099-08-000013
CONFORMED SUBMISSION TYPE:	DEFC14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080425
DATE AS OF CHANGE:		20080425
EFFECTIVENESS DATE:		20080425

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Childress Patricia
		CENTRAL INDEX KEY:			0001401099

	FILING VALUES:
		FORM TYPE:		DEFC14A

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(559)920-1330

	MAIL ADDRESS:	
		STREET 1:		356 NORTH PORTER ROAD PMB #148
		CITY:			PORTERVILLE
		STATE:			CA
		ZIP:			93257

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIERRA BANCORP
		CENTRAL INDEX KEY:			0001130144
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				330937517
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFC14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-33063
		FILM NUMBER:		08776732

	BUSINESS ADDRESS:	
		STREET 1:		86 NORTH MAIN STREET
		CITY:			PORTERVILLE
		STATE:			CA
		ZIP:			93257
		BUSINESS PHONE:		5597824900

	MAIL ADDRESS:	
		STREET 1:		86 NORTH MAIN STREET
		CITY:			PORTERVILLE
		STATE:			CA
		ZIP:			93257
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFC14A
<SEQUENCE>1
<FILENAME>chd14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT IN CONNECTION WITH CONESTED SOLICITATION
<TEXT>
<HTML><HEAD><TITLE>CHD14A</TITLE>
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</HEAD>
<BODY bgColor=#ffffff>
<H5 style=align=left><a href="#toc">Table
of Contents</a></H5>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>UNITED STATES</b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>SECURITIES AND
EXCHANGE COMMISSION</b></p>

<p style="margin-top: 0; margin-bottom: 0" align="center"><b>Washington, D.C.
20549</b></p>

<P>
<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif; ">
<DIV style="MARGIN-TOP: 12pt; FONT-SIZE: 18pt" align=center>
  <p style="margin-top: 0; margin-bottom: 0"><B><font size="4">SCHEDULE 14A</font></B><font size="4">
  </font></p>
  <p style="margin-top: 0; margin-bottom: 0"><B><font size="3">(Rule14a-101)</font></B></DIV>
<DIV style="MARGIN-TOP: 12pt; FONT-SIZE: 12pt" align=center><B>INFORMATION
REQUIRED IN PROXY STATEMENT</B> </DIV>
<DIV style="MARGIN-TOP: 12pt; FONT-SIZE: 12pt" align=center><B>SCHEDULE 14A
INFORMATION</B> </DIV>
<DIV style="MARGIN-TOP: 12pt; FONT-SIZE: 12pt" align=center><B>Proxy Statement
Pursuant to Section14(a) of the</B><BR><B>Securities Exchange Act of
1934</B> </DIV>
<DIV align=center>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0 width="1075"
border=0 height="161"><!-- Begin Table Head -->
  <TR vAlign=bottom>
    <TD width="17" height="15"></TD>
    <TD width="14" height="15"></TD>
    <TD width="21" height="15"></TD>
    <TD width="6" height="15"></TD>
    <TD width="282" height="15"></TD>
    <TD width="17" height="15"></TD>
    <TD width="19" height="15"></TD>
    <TD width="585" height="15"></TD>
    </TR><!-- End Table Head --><!-- Begin Table Body -->
  <TR vAlign=bottom>
    <TD vAlign=top height="1" width="17"></TD>
    <TD height="1" width="14"></TD>
    <TD vAlign=middle align=left colSpan=3 height="1" width="309">Filed by the Registrant&nbsp;<FONT
      face=Wingdings>o</FONT></TD>
    <TD height="1" width="17"></TD>
    <TD vAlign=top align=left height="1" width="19"></TD>
    <TD height="1" width="585"></TD>
    </TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD vAlign=top height="15" width="17">
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD height="15" width="14"></TD>
    <TD vAlign=top align=left height="15" width="21"></TD>
    <TD height="15" width="6"></TD>
    <TD vAlign=top align=left height="15" width="282"></TD>
    <TD height="15" width="17"></TD>
    <TD vAlign=top align=left height="15" width="19"></TD>
    <TD height="15" width="585"></TD>
    </TR>
  <TR vAlign=bottom>
    <TD vAlign=top height="17" width="17"></TD>
    <TD height="17" valign="middle" width="14"></TD>
    <TD vAlign=middle align=left colSpan=3 height="17" width="309">Filed by a
    Party other than the Registrant
 <FONT face=Wingdings>x</FONT></TD>
    <TD height="17" width="17"></TD>
    <TD vAlign=top align=left height="17" width="19"></TD>
    <TD height="17" width="585"></TD>
    </TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD vAlign=top height="15" width="17">
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD height="15" width="14"></TD>
    <TD vAlign=top align=left height="15" width="21"></TD>
    <TD height="15" width="6"></TD>
    <TD vAlign=top align=left height="15" width="282"></TD>
    <TD height="15" width="17"></TD>
    <TD vAlign=top align=left height="15" width="19"></TD>
    <TD height="15" width="585"></TD>
    </TR>
  <TR vAlign=bottom>
    <TD vAlign=top height="15" width="17"></TD>
    <TD height="15" width="14"></TD>
    <TD vAlign=top align=left colSpan=3 height="15" width="309">Check the appropriate box:</TD>
    <TD height="15" width="17"></TD>
    <TD vAlign=top align=left height="15" width="19"></TD>
    <TD height="15" width="585"></TD>
    </TR>
  <TR vAlign=bottom><!-- Blank Space -->
    </TR>
  <TR>
    <TD height="1" width="17">
      <DIV align=left>&nbsp;</DIV></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top height="26" width="17">&nbsp;<DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD height="26" width="14"></TD>
    <TD vAlign=middle align=left height="26" width="21">
         <!--webbot bot="SaveResults" u-file="fpweb:///_private/form_results.csv" s-format="TEXT/CSV" s-label-fields="TRUE" -->
           <!--webbot bot="SaveResults" u-file="fpweb:///_private/form_results.csv" s-format="TEXT/CSV" s-label-fields="TRUE" --><p>
 <FONT
      face=Wingdings>o</FONT></p>


    </TD>
    <TD height="26" width="6"></TD>
    <TD vAlign=middle align=left height="26" width="282">Preliminary Proxy Statement </TD>
    <TD height="26" width="17"></TD>
    <TD vAlign=middle align=left height="26" width="19">
 <FONT
      face=Wingdings>o</FONT></TD>
    <TD height="26" valign="middle" width="585">Confidential, for Use of the
    Commission Only </TD>
    </TR>
  <TR vAlign=bottom>
    <TD vAlign=top height="26" width="17">
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD height="26" width="14"></TD>
    <TD vAlign=middle align=left height="26" width="21">

      <!--webbot bot="SaveResults" u-file="fpweb:///_private/form_results.csv" s-format="TEXT/CSV" s-label-fields="TRUE" --><p>
 <FONT face=Wingdings>x</FONT></p>

    </TD>
    <TD height="26" width="6"></TD>
    <TD vAlign=middle align=left height="26" width="282">Definitive Proxy Statement </TD>
    <TD height="26" width="17"></TD>
    <TD vAlign=top align=left height="26" width="19"></TD>
    <TD height="26" width="585" valign="top">(as permitted by Rule 14a-6(e)(2))</TD>
    </TR>
  <TR>
    <TD height="1" width="17">
      </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top height="22" width="17">
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD height="22" width="14"></TD>
    <TD vAlign=middle align=left height="22" width="21">

      <!--webbot bot="SaveResults" u-file="fpweb:///_private/form_results.csv" s-format="TEXT/CSV" s-label-fields="TRUE" --><p>
 <FONT
      face=Wingdings>o</FONT></p>

    </TD>
    <TD height="22" width="6"></TD>
    <TD vAlign=middle align=left height="22" width="282">Definitive Additional Materials</TD>
    <TD height="22" width="17"></TD>
    <TD vAlign=top align=left height="22" width="19"></TD>
    <TD height="22" width="585"></TD>
    </TR>
  <TR vAlign=bottom>
    <TD vAlign=top height="23" width="17">
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD height="23" width="14"></TD>
    <TD vAlign=middle align=left height="23" width="21">

      <!--webbot bot="SaveResults" u-file="fpweb:///_private/form_results.csv" s-format="TEXT/CSV" s-label-fields="TRUE" --><p>
 <FONT
      face=Wingdings>o</FONT></p>

    </TD>
    <TD height="23" width="6"></TD>
    <TD vAlign=middle align=left height="23" width="282">Soliciting Material Pursuant to Rule 14a-12</TD>
    <TD height="23" width="17"></TD>
    <TD vAlign=top align=left height="23" width="19"></TD>
    <TD height="23" width="585"></TD>
    </TR><!-- End Table Body --></TABLE></DIV>
<DIV style="MARGIN-TOP: 12pt; FONT-SIZE: 14pt" align=center>SIERRA BANCORP</DIV>
<DIV style="FONT-SIZE: 10pt" align=center>
<DIV
style="FONT-SIZE: 1px; WIDTH: 100%; BORDER-BOTTOM: #000000 1px solid"></DIV></DIV>
<DIV style="FONT-SIZE: 10pt" align=center>(Name of Registrant as Specified In
Its Charter)</DIV>
<DIV style="MARGIN-TOP: 12pt; FONT-SIZE: 10pt" align=center><b> PATRICIA L.
  CHILDRESS AND CAROL A. BATES </b></DIV>
<DIV style="FONT-SIZE: 10pt" align=center>
<DIV
style="FONT-SIZE: 1px; WIDTH: 100%; BORDER-BOTTOM: #000000 1px solid"></DIV></DIV>
<DIV style="FONT-SIZE: 10pt" align=center>(Name of Person(s) Filing Proxy
Statement, if Other than the Registrant)</DIV>
<DIV align=center>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0 width="100%"
border=0 height="258"><!-- Begin Table Head -->
    <TR vAlign=bottom>
    <TD width="2%" height="1"></TD>
    <TD width="3%" height="1"></TD>
    <TD width=0% height="1"></TD>
    <TD width="1%" height="1"></TD>
    <TD width="1%" height="1"></TD>
    <TD width="3%" height="1"></TD>
    <TD width="96%" height="1"></TD></TR><!-- End Table Head --><!-- Begin Table Body -->
  <TR vAlign=bottom>
    <TD vAlign=top></TD>
    <TD>&nbsp;</TD>
    <TD vAlign=top align=left colSpan=5>Payment of Filing Fee (Check the
      appropriate box):</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>

      <!--webbot bot="SaveResults" u-file="fpweb:///_private/form_results.csv" s-format="TEXT/CSV" s-label-fields="TRUE" --><p></p>

    </TD>
    <TD valign="middle">
 <FONT face=Wingdings>x</FONT></TD>
    <TD vAlign=middle align=left colSpan=5>No fee required.</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD valign="middle"></TD>
    <TD vAlign=middle align=right></TD>
    <TD vAlign=middle align=right></TD>
    <TD vAlign=middle></TD>
    <TD valign="middle"></TD>
    <TD vAlign=middle align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>

      <!--webbot bot="SaveResults" u-file="fpweb:///_private/form_results.csv" s-format="TEXT/CSV" s-label-fields="TRUE" --><p></p>

    </TD>
    <TD valign="middle"><FONT
      face=Wingdings>o</FONT></TD>
    <TD vAlign=middle align=left colSpan=5>Fee computed on table below per
      Exchange Act Rules14a-6(i)(1) and 0-11.</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right>(1</TD>
    <TD vAlign=top>)</TD>
    <TD></TD>
    <TD vAlign=top align=left>Title of each class of securities to which
      transaction applies:</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR style="FONT-SIZE: 1px">
    <TD style="BORDER-TOP: #000000 1px solid" vAlign=top align=left
    colSpan=7></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right>(2</TD>
    <TD vAlign=top>)</TD>
    <TD></TD>
    <TD vAlign=top align=left>Aggregate number of securities to which
      transaction applies:</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR style="FONT-SIZE: 1px">
    <TD style="BORDER-TOP: #000000 1px solid" vAlign=top align=left
    colSpan=7></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right>(3</TD>
    <TD vAlign=top>)</TD>
    <TD></TD>
    <TD vAlign=top align=left>Per unit price or other underlying value of
      transaction computed pursuant to Exchange Act Rule 0-11 (Set forth
      the amount on which the filing fee is calculated and state how it was
      determined):</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR style="FONT-SIZE: 1px">
    <TD style="BORDER-TOP: #000000 1px solid" vAlign=top align=left
    colSpan=7></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right>(4</TD>
    <TD vAlign=top>)</TD>
    <TD></TD>
    <TD vAlign=top align=left>Proposed maximum aggregate value of
    transaction:</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR style="FONT-SIZE: 1px">
    <TD style="BORDER-TOP: #000000 1px solid" vAlign=top align=left
    colSpan=7></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right>(5</TD>
    <TD vAlign=top>)</TD>
    <TD></TD>
    <TD vAlign=top align=left>Total fee paid:</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR style="FONT-SIZE: 1px">
    <TD style="BORDER-TOP: #000000 1px solid" vAlign=top align=left
    colSpan=7></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>&nbsp;</TD>
    <TD><FONT
      face=Wingdings>o</FONT></TD>
    <TD vAlign=top align=left colSpan=5>Fee paid previously with preliminary
      materials:</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>&nbsp;</TD>
    <TD valign="top"><FONT
      face=Wingdings>o</FONT></TD>
    <TD vAlign=top align=left colSpan=5>Check box if any part of the fee is
      offset as provided by Exchange Act Rule 0-11(a)(2) and identify the
      filing for which the offsetting fee was paid previously. Identify the
      previous filing by registration statement number, or the form or schedule
      and the date of its filing.</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right>(1</TD>
    <TD vAlign=top>)</TD>
    <TD></TD>
    <TD vAlign=top align=left>Amount Previously Paid:</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR style="FONT-SIZE: 1px">
    <TD style="BORDER-TOP: #000000 1px solid" vAlign=top align=left
    colSpan=7></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right>(2</TD>
    <TD vAlign=top>)</TD>
    <TD></TD>
    <TD vAlign=top align=left>Form, Schedule or Registration Statement
  No.:</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR style="FONT-SIZE: 1px">
    <TD style="BORDER-TOP: #000000 1px solid" vAlign=top align=left
    colSpan=7></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right>(3</TD>
    <TD vAlign=top>)</TD>
    <TD></TD>
    <TD vAlign=top align=left>Filing Party:</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR style="FONT-SIZE: 1px">
    <TD style="BORDER-TOP: #000000 1px solid" vAlign=top align=left
    colSpan=7></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"> </DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right>(4</TD>
    <TD vAlign=top>)</TD>
    <TD></TD>
    <TD vAlign=top align=left>Date Filed:</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top>
      <DIV style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px"></DIV></TD>
    <TD></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top align=right></TD>
    <TD vAlign=top></TD>
    <TD></TD>
    <TD vAlign=top align=left></TD></TR>
  <TR style="FONT-SIZE: 1px">
    <TD style="BORDER-TOP: #000000 1px solid" vAlign=top align=left
    colSpan=7></TD></TR><!-- End Table Body --></TABLE></DIV>
<P style="FONT-SIZE: 10pt" align=center><!-- Folio --><!-- /Folio -->
</P></DIV><!-- PAGEBREAK -->
<P>
<HR noShade>

<P>
<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5>
<P>
<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV align=left><!-- TOC --></DIV>
<DIV align=left><a name="toc"></a></DIV>
<DIV style="MARGIN-TOP: 18pt; FONT-SIZE: 10pt" align=center><U><B>TABLE OF
CONTENTS</B></U> </DIV>
<DIV align=center>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0 width="100%"
border=0 height="421"><!-- Begin Table Head -->
   <TR vAlign=bottom>
    <TD width="88%" height="15"></TD>
    <TD width="5%" height="15"></TD>
    <TD width="1%" height="15"></TD>
    <TD width="5%" height="15"></TD>
    <TD width="1%" height="15"></TD></TR><!-- End Table Head --><!-- Begin Table Body -->
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px">
        <a href="#statement in support">Statement
      in Support</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">3</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px">
        <a href="#about ms childress">About Ms. Childress and Ms. Bates</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">4</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px">
        <a href="#about ms childress">General
      Voting Procedures</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">4</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px">
        <a href="#about ms childress">Questions
      &amp; Answers about Voting Procedures</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">4</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"><a href="#proxy revo">Proxy
      Revocation Rights</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">7</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"><a href="#proxy revo">Proxy
      Solicitation and Expenses</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">7</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px">
        <a href="#info about part">Information
      about the Participants in this Solicitation of Proxies</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">8</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      </TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <u><font color="#0000FF"><a href="#info about part">Group Agreements</a></font></u></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center">
    <p>8</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px">
        <a href="#info about part">Information
      about Sierra Bancorp</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">8</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <u><font color="#0000FF"><a href="#info about part">Proposals of
      Shareholders</a></font></u></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center">8</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      </TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px">
        <a href="#info about part">Other
      Matters to be Voted Upon</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">8</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"><a href="#annexa">Annex
      A</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">A-1</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"><a href="#annexb">Annex
      B</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">B-1</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD height="15" align="center"></TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom>
    <TD height="15">
      <DIV style="MARGIN-LEFT: 15px; TEXT-INDENT: -15px"><a href="#annexc">Annex
      C</a></DIV></TD>
    <TD height="15"></TD>
    <TD height="15"></TD>
    <TD align=center height="15">C-1</TD>
    <TD height="15"></TD></TR>
  <TR vAlign=bottom><!-- Blank Space -->
    </TR>
  <TR vAlign=bottom>
    <TD align=left colSpan=5 height="1">
      <DIV
      style="FONT-SIZE: 1px; WIDTH: 100%; BORDER-BOTTOM: #000000 1px solid"></DIV></TD></TR><!-- End Table Body --></TABLE></DIV>
<DIV align=left><!-- /TOC --></DIV>
<P style="FONT-SIZE: 10pt" align=center><!-- Folio -->i<!-- /Folio -->
</P></DIV><!-- PAGEBREAK -->
<!-- PAGEBREAK -->
<HR noShade>

<P>
<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>
<P>
<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV style="MARGIN-TOP: 6pt; FONT-SIZE: 10pt"
align=left>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">April 25, 2008</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0"><b>PATRICIA L. CHILDRESS</b></p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  c/o Tisdale &amp; Nicholson, LLP</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  2029 Century Park East, Suite 900</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  Los Angeles, CA 90067</p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  Attn: Jeffrey A. Tisdale, Esq. </p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0"></p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  Dear Fellow Stockholders:</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  </p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  I am the beneficial owner of an aggregate of
  665,615 shares of Common Stock of Sierra Bancorp ("Bancorp" or the "Company"),
  representing approximately 7% of the outstanding Common Stock of the Company.
  I am conducting this proxy solicitation with my sister, Carol Bates, who is
  the beneficial owner of an aggregate of 549,124 shares of Common Stock of
  Bancorp, representing approximately 5.7% of the outstanding Common Stock of
  the Company. The combined beneficial ownership of stock holdings of me and my
  sister is 12.7%. For the reasons set forth in the attached Proxy Statement, I
  do not believe the Board of Directors of the Company is acting in the best
  interests of its stockholders. I am therefore seeking your support at
  the annual meeting of stockholders (the "Annual Meeting") scheduled to be held
  at the Main Office of Bank of Sierra located at 90 North Main Street,
  Porterville, California on May
  21, 2008 at 7:30 p.m., local time, for the following:</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <div align="center">
    <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%">
      <tr>
        <td width="48" valign="top" style="width: .5in; padding: 0in">
        <p class="H5" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="36" valign="top" style="width: 27.0pt; padding: 0in">
        <p class="H5" style="margin-top: 0; margin-bottom: 0">
                <font face="Times New Roman,Times,serif" size="2">
        1.</font></td>
        <td valign="top" style="padding: 0in">
        <p class="H5" style="margin-top: 0; margin-bottom: 0">
                <font face="Times New Roman,Times,serif" size="2">
        To elect Patricia L. Childress as a
                Class I director to the Company's Board of Directors in opposition to the
        Company's incumbent directors. </font></td>
      </tr>
    </table>
  </div>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <div align="center">
    <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%">
      <tr>
        <td width="48" valign="top" style="width: .5in; padding: 0in">
        <p class="H5" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="36" valign="top" style="width: 27.0pt; padding: 0in">
        <p class="H5" style="margin-top: 0; margin-bottom: 0">
                <font face="Times New Roman,Times,serif" size="2">
        2.</font></td>
        <td valign="top" style="padding: 0in">
        <p class="H5" style="margin-top: 0; margin-bottom: 0">
                <font face="Times New Roman,Times,serif" size="2">
        To Grant discretionary authority to
        adjourn the meeting to solicit additional votes.</font></td>
      </tr>
    </table>
  </div>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  We urge you to carefully consider the
  information contained in the attached Proxy Statement and then support our
  efforts by signing, dating and returning the enclosed WHITE proxy card
  today. The attached Proxy Statement and the enclosed WHITE proxy card are
  first being furnished to the stockholders on or about April 25, 2008.</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0"></p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  If you have any questions or require any
  assistance with your vote, please contact The Altman Group which is assisting
  us, at their address and toll-free numbers listed on the following page.</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  Thank you for your support,</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0"></p>
  <p class="H5" style="margin-top: 0; margin-bottom: 0"></p>
  <p style="margin-top: 0; margin-bottom: 0"><font size="2">Patricia L.
  Childress</font></DIV>
<P style="FONT-SIZE: 10pt" align=center><!-- Folio -->1</P></DIV><!-- PAGEBREAK -->
<P>
<HR noShade>

<P>
<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>
<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">ANNUAL MEETING OF STOCKHOLDERS OF<br>
SIERRA BANCORP</font></b></p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">PROXY STATEMENT OF<br>
PATRICIA L. CHILDRESS AND CAROL A. BATES</font></b></p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<font size="2"><b> PLEASE SIGN, DATE AND MAIL THE ENCLOSED WHITE PROXY CARD TODAY </b></font></p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">
<b><i> SIERRA BANCORP ANNUAL MEETING.&nbsp; </i></b>On April 16, 2008, Sierra
Bancorp (&quot;Bancorp&quot; or the &quot;Company&quot;), filed with the Securities and
Exchange
Commission its preliminary proxy statement and notice to stockholders that the
Annual Meeting of Stockholders will be held at the Main Office of Bank of
Sierra:&nbsp; 90 North Main Street, Porterville, California 93257, on Wednesday,
May 21, 2008 at 7:30 p.m., local time. </font></p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<b><i><font size="2"> STOCKHOLDER NOMINATION. </font></i><font size="2">Ms.
Patricia Childress has submitted her nomination for election as a Class I
director to
the Board of Directors of Sierra Bancorp. </font></b><font size="2">Ms.
Childress beneficially owns an aggregate of approximately 665,615 shares of
common stock in Bancorp, representing approximately 7.0% of the 9,591,088 shares
outstanding as of January 31, 2008. </font></p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<b><i><font size="2"> WHITE PROXY CARD. </font></i></b><font size="2">This proxy
statement and the enclosed <b><u>WHITE</u></b> proxy card (the &quot;<b><u>WHITE</u></b>
proxy card&quot;) are being furnished to you, the stockholders of Bancorp, by Ms.
Patricia L. Childress, who is a nominee for election by the common stockholders,
and by Ms. Carol A. Bates, who is participating in this solicitation. </font></p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<b><i><font size="2"> SOLICITATION OF PROXIES FOR MS. CHILDRESS. </font></i></b>
<font size="2">Ms. Childress and Ms. Bates are soliciting proxies to be used at
the 2008 Annual Meeting of Stockholders of Bancorp, and any adjournments or
postponements thereof (the "Annual Meeting"). Pursuant to this proxy statement,
Ms. Childress and Ms. Bates are soliciting proxies from holders of shares of
Bancorp common stock to vote FOR the election of Patricia L. Childress as a
Class I director of the Company to represent the interests of the public stockholders.
</font></p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">
<b><i> RECORD DATE.&nbsp; </i></b>Bancorp's preliminary proxy statement states
that only Bancorp stockholders of record at the close of business on March 24,
2008 are entitled to notice of and to vote at the Annual Meeting or any
adjournments or postponements thereof. </font></p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<font size="2">To elect <b> STOCKHOLDER-NOMINATED REPRESENTATION ON THE BOARD</b>,<br>
Bancorp common stockholders should <b>VOTE FOR</b><br>
the election of <b>PATRICIA L. CHILDRESS</b> as a Class I director of the Company. </font></p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<font size="2"><br>
<b>* * * * * * *</b> </font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">This proxy statement and the accompanying <b><u>WHITE</u></b>
proxy card are first being mailed to stockholders on or about April 25, 2008.
</font></p>

&nbsp;<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2"> A proxy may be given by any person who holds shares of Bancorp
common stock. Whether or not you plan to attend the Annual Meeting, you are
urged to sign and date the enclosed <b><u>WHITE</u></b> proxy card and return it
in the postage-paid envelope provided to The Altman Group, 1200 Wall Street
West, 3rd Floor, Lyndhurst, NJ 07071,
telephone (866) 387-0017. </font></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
</p>
<p class="H5" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="H5" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<b>
<font size="2">Since only your latest dated proxy card will count, we urge you
not to return any non-white proxy card you receive from the Company. Even if you
have already returned a non-white proxy card sent to you by the Company, you
have a right to change your vote by signing, dating and returning a later dated
proxy card or by voting in person at the Annual Meeting. By completing and
returning the
  <u>WHITE</u>
  proxy card, any previous proxy card you may have
previously sent to the Company will be automatically revoked. It is very
important that you DATE YOUR <u>WHITE</u> PROXY CARD because your latest-dated
proxy is the only one that counts.
</font>
  </b>
  </p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
</p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">All valid proxies received before the Annual Meeting will be
voted, and stockholders have the power to revoke their proxies at any time
before they are exercised. </font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">Please do not return any proxy sent to you by the Company.</font></b><font size="2">
</font></p>
<P style="margin-top:0; margin-bottom:0" align=center><font size="2"><!-- Folio --><!-- /Folio -->
2
</font>
</P></DIV>

<HR noShade>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>

<P>

<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV style="MARGIN-TOP: 6pt">
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><u><font size="2"> REASONS TO VOTE FOR PATRICIA L. CHILDRESS AS CLASS I DIRECTOR </font></u></b><font size="2">
</font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">The following is a summary of Ms. Childress's views and the
reasons why Ms. Childress is seeking representation on the board of directors at
the Annual Meeting: </font></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse" width="632">
  <tr>
    <td style="width:12;padding:0in; ">
    <ul>
      <li>
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    &nbsp;</li>
    </ul>
    </td>

    <td style="width:3;padding:0in; ">
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    &nbsp;</td>

    <td style="width:617;padding:0in; ">
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    <font face="Times New Roman,Times,serif" size="2"> The common stockholders
    can elect four Class I directors to the Company's board of directors. <b>
    Ms. Childress should be one of these
    four. </b></font></td>
  </tr>

  <tr>
    <td style="width:12;padding:0in; ">
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    &nbsp;</td>
    <td style="width:3;padding:0in; ">
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    &nbsp;</td>
    <td style="width:617;padding:0in; ">
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    &nbsp;</td>
  </tr>

  <tr style="height: .25in">
    <td style="width:12;padding:0in;height:.25in">
    <ul>
      <li>
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    &nbsp;</li>
    </ul>
    </td>

    <td rowspan="2" style="width:3;padding:0in;height:.25in">
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    &nbsp;</td>

    <td rowspan="2" style="width:617;padding:0in;
  height:.25in">
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    <font face="Times New Roman,Times,serif" size="2"><b>Ms. Childress WILL WORK
    TO SAFEGUARD AND ENHANCE STOCKHOLDER VALUE.</b> Once elected as a member of
    the board of directors of Bancorp, Ms. Childress will <b>WORK
    HARD </b>to safeguard and enhance stockholder value. Ms. Childress believes
    that Bancorp's performance will be enhanced if the board includes a director
    <b>NOMINATED BY STOCKHOLDERS</b>.</font></p>
    </td>
  </tr>

  <tr style="height: .25in">
    <td style="width:12;padding:0in;height:.25in">
    <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
    &nbsp;</td>
  </tr>
</table>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">For more information on how Ms.
Childress will work to realize value for all stockholders of Bancorp, please
read the section below entitled &quot;Statement in Support.&quot; </font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><u><font size="2">BACKGROUND TO SOLICITATION</font></u></b><font size="2">
</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><font size="2"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; One
or more members of the Childress family have been the largest shareholder(s) of
the Bank of the Sierra as a result of share acquisitions after its organization
in 1977. Ms. Childress's and Ms. Bates's father was a large shareholder and,
through estate and gift transfers, the bulk of his holdings were divided among
his three children. From 1994 until December 18, 2006, Ms. Childress's and Ms.
Bates's brother, Gregory Childress, had served SB and the Bank as a director. </font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><font size="2"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As a
result of the substantial portion of the Childress family's net worth related to
such share holdings and as a result of the historical involvement by members of
the family, Ms. Childress and Ms. Bates believe Ms. Childress should serve as a
director and also believe her involvement would provide solid business acumen
and a fresh approach to the existing board of directors which would benefit SB
and its shareholders.</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><font size="2"><b>
<i> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ms.
Childress's Nomination. </i></b>
On December 17, 2007, counsel for Ms. Childress
and Ms. Bates contacted counsel for the Company regarding a request to have the
board of directors nominate Ms. Childress as part of its slate of nominees for
election to the board at the 2008 annual shareholders' meeting. On December 19,
2007, this request was followed up by providing biographical information
regarding Ms. Childress. The request to include Ms. Childress was rejected at
the board meeting held on December 20, 2007. Accordingly, on December 28, 2007,
Ms. Childress sent a letter to the Company in which she provided notice of her
intention to nominate herself at the Annual Meeting for election by the common
stockholders to serve as a Class I director of the board of directors of the Company.
</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ms. Childress's and Ms. Bates's Filing on 13D. </font></i></b>
<font size="2">On March 26, 2008, Ms. Childress and Ms. Bates, jointly filed a
Schedule 13D in which it was disclosed that Ms. Childress is working with Ms.
Bates, who is the beneficial owner of 549,124 shares of Bancorp, to take action
to enhance governance, oversight and stockholder value by nominating herself as
a candidate for director of the board of directors of the Company. </font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><u><font size="2">STATEMENT IN SUPPORT</font></u></b><font size="2">
<a name="statement in support"></a> </font>
</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2">Benefits of Nominations by Common Stockholders.</font></i></b><font size="2">
</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">Currently, there are eight directors on the board of directors of
the Company. Pursuant to the Company's Articles of Incorporation, the board of
directors is divided into two classes, designated Classes I and II. The
directors serve staggered two-year terms, so that directors of only one class
are elected at each Annual Meeting of Shareholders. At the 2008 Meeting,
shareholders will be asked to elect four Class I directors whose terms expire
this year, for an additional term of two years.</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">Ms. Childress and Ms. Bates believe that independence from
management is important for purposes of representing the interests of the common
stockholders. They also believe that individuals nominated by stockholders are
more likely to advocate business practices intended to increase the returns to
public stockholders and are therefore better positioned to bring a diversity of
perspectives to the board. </font></p>

</DIV>

<P style="margin-top:0; margin-bottom:0" align=center><font size="2"><!-- Folio --><!-- /Folio -->
3
</font>
</P></DIV>

<P>
<HR noShade>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>

<P>

<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV style="MARGIN-TOP: 6pt; FONT-SIZE: 10pt; MARGIN-LEFT: 2%"
align=left><p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <b><i><font size="2">Conclusion</font></i></b><font size="2"> </font></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  &nbsp;</p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  <font size="2"> For each of the reasons outlined above, Ms. Childress and Ms.
  Bates believe that the common stockholders need a new director to represent
  them on the Company's board of directors to ensure that the voices of the
  common stockholders are heard. Accordingly, Ms. Childress and Ms. Bates urge
  you to vote for Ms. Childress as a Class I director for the common stockholders at the
  Annual Meeting by signing, dating and returning the <b><u>WHITE</u></b> proxy
  card in the enclosed postage-prepaid envelope. Ms. Childress has consented to
  being named in this proxy statement and to serve if elected to Bancorp's board
  of directors. </font></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>


  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b><u>ABOUT MS. CHILDRESS AND MS. BATES<a name="about ms childress"></a></u></b></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  <b> PATRICIA L. CHILDRESS</b> is an investor and retired farmer in the local community
  served by Bank of Sierra. She has a Bachelor of Science and a Master of
  Science from Cal Poly State University in San Luis Obispo, has taught
  recreational management classes at Stanislaus State College in Turlock,
  California and is an astute business woman. From 1981 to 2007 she
  served as a business manager of Childress, Bates, Childress Inc. (&quot;CBC Inc.&quot;), a successful
  farming business, while she concurrently served as a General Partner in CPG
  Ranch, also a successful farming business. Although Ms. Childress has retired
  from CBC Inc. as a result of it winding up its ranching business, she still is
  active in the CPG Ranch.&nbsp; Both businesses are located in
  Porterville. In addition, she has invested in, developed and sold various real
  estate projects over the years and, along with Ms. Bates, has been actively
  overseeing the Childress family estate.&nbsp;&nbsp; Ms. Childress grew up in Porterville
  and her family has deep roots in the community. Ms. Childress is committed to
  the success of Sierra Bancorp and its subsidiary, Bank of Sierra. The
  combined beneficial ownership of stock holdings of Ms. Childress and Ms. Bates
  is 12.7%. </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  <b>MS. CHILDRESS IS A STOCKHOLDER, JUST LIKE YOU. </b>As a significant
  stockholder, Ms. Childress desires to bring her business and shareholder
  perspective to the board to ensure that new ideas and ways of banking are part
  of the decision making in these challenging times for the benefit of Bancorp
  and its stockholders. <b>MS. CHILDRESS IS NOT A CURRENT OR FORMER BANCORP
  INSIDER. </b>Her decisions are not dictated by a salary or any annual payments
  from the Company, or any historical relationships with Bancorp management or
  other directors. Accordingly, her interests as an investor are aligned with
  the interests of other stockholders whose investment decisions are based on
  safeguarding and increasing stockholder value. </p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  </p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  <b>MS. BATES</b> is a farmer in the local community served by Bank of Sierra. Ms. Bates received her Associate's degree from Porterville College and
  studied for a semester at Fresno State University<b>. </b>From 1980 to 2007
  when its business wound up, she has served as a senior officer of Childress, Bates, Childress
  Inc., a successful farming business. Additionally, since 2006 she has been a
  50% Partner in CPG Ranch, also a successful farming business. Both businesses
  are located in Porterville. Ms. Bates has spent most of her life in
  Porterville and, as a result, has close ties to the community. As a
  significant stockholder of Sierra Bancorp, Ms. Bates is dedicated to
  increasing stockholder value. She believes that the election of her sister,
  Ms. Childress, will help to ensure Sierra Bancorp's continued success. </p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b><u>GENERAL VOTING PROCEDURES</u></b> </p>

&nbsp;<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  </p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  To vote <b>FOR </b>the election of Patricia L. Childress as a Class I director of the
  Company, please sign and date the enclosed <b><u>WHITE</u></b> proxy card and
  return it to Ms. Childress's and Ms. Bates's proxy solicitor, The Altman Group, Inc. ("The
  Altman Group"), in the enclosed postage-prepaid envelope. Submitting the proxy
  will not affect your right to attend the Annual Meeting and vote in person.
  </p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b><u>QUESTIONS &amp; ANSWERS ABOUT VOTING PROCEDURES</u></b> </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>How do I
  vote in person if I am a record holder?</i></b> </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  If you hold shares of Bancorp common stock on the Record Date you may attend the Annual Meeting and vote
  in person. </p>

&nbsp;<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>How do I
  vote by proxy if I am a record holder?</i></b> </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  To vote by proxy, you should complete, sign and date the enclosed <b><u>WHITE</u></b>
  proxy card and return it promptly in the enclosed postage-prepaid envelope. To
  be able to vote your shares in accordance with your instructions at the Annual
  Meeting, Ms. Childress's and Ms. Bates's solicitor must receive your proxy as soon as possible
  but, in any event, prior to the meeting. You may vote your shares without
  submitting a proxy, if you vote in person. </DIV>
<P style="FONT-SIZE: 10pt; margin-top:0; margin-bottom:0" align=center><!-- Folio --><!-- /Folio -->
4
</P></DIV>

<P>
<HR noShade>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>
<P>
&nbsp;<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV style="MARGIN-TOP: 6pt; FONT-SIZE: 10pt; MARGIN-LEFT: 2%"
align=left><b><i><font size="2">What if I am not the record holder of my shares?</font></i></b><font size="2">
  </font>
  <font size="2">
  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  If your shares are held in the name of a brokerage firm, bank nominee or other
  institution, only it can give a proxy with respect to your shares. You may
  have received either a <b><u>WHITE</u></b> proxy card from the record holder
  (which you can complete and send directly to The Altman Group) or an
  instruction card (which you can complete and return to the record holder to
  direct its voting of your shares). If the record holder has not sent you
  either a <b><u>WHITE</u></b> proxy card or an instruction card, you may
  contact the record holder directly to provide it with instructions. You may receive
  more than one set of voting materials, including multiple copies of this proxy
  statement and multiple <b><u>WHITE</u></b> proxy cards or voting instruction
  cards. For example, if you hold shares in more than one brokerage account, you
  may receive a separate voting instruction card for each brokerage account in
  which your shares are held. You should complete, sign, date and return each <b>
  <u>WHITE</u></b> proxy card and voting instruction card you receive. </p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  You may also receive a non-white proxy or voting instruction card that is
  being solicited by the Company's board of directors. Ms. Childress and Ms.
  Bates urge you
  to discard any non-white proxy card or voting instruction card sent to you by
  the Company. If you have previously signed a non-white proxy card or voting
  instruction card sent by the Company, we urge you to sign, date and promptly
  mail the enclosed <b><u>WHITE</u></b> proxy card or voting instruction card
  before the Annual Meeting. By doing so, you will revoke any earlier dated
  proxy card or voting instruction card solicited by the Company's board of
  directors. <b>It is very important that you date your proxy.</b> It is not
  necessary to contact the Company for your revocation to be effective. </p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  If you have questions or need assistance, please contact The Altman Group at
  (866) 387-0017 (Record Holders) or (201) 806-7300 (Bank and Brokers). </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>What is a
  "legal proxy," and when would I need one?</i></b> </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  If you do not have record ownership of your shares and want to vote in person
  at the Annual Meeting, or if you are voting for someone else at the Annual
  Meeting, you may obtain a document called a &quot;legal proxy&quot; from the record
  holder of the shares or such other person and bring it to the Annual Meeting.
  If you need assistance, please contact The Altman Group at&nbsp; (866)
  387-0017 (Record Holders) or (201) 806-7300 (Bank and Brokers) </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>What should
  I do if I receive a non- white proxy card from Bancorp's management?</i></b>
  </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  Proxies on the non-white proxy card are being solicited by the Company's
  management. If you submit a proxy to us by signing and returning the enclosed
  <b><u>WHITE</u></b> proxy card, do not subsequently sign or return the
  non-white proxy card or follow any voting instructions provided by the
  Company, unless you intend to change your vote, because only your latest dated
  proxy will be counted. </p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If you have
  already sent a non-white proxy card to the Company, you may revoke it and vote
  with Ms. Childress by signing, dating and returning the enclosed <b><u>WHITE</u></b>
  proxy card. </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>What if I
  want to revoke my proxy or change my voting instructions?</i></b> </p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  If you give a proxy, you may revoke it at any time before it is voted on your
  behalf. If you hold shares in your own name (i.e., not through a bank or
  brokerage firm), you may revoke the prior proxy by: </p>
  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <ul style="word-spacing: 0; text-indent: 40; line-height: 100%; text-align: left; margin: 0">
    <li>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 6; line-height:150%">
      <font face="Times New Roman,Times,serif" size="2">  delivering a
      later dated proxy to Ms. Childress's and Ms. Bates's proxy solicitor, using the enclosed
      postage-prepaid envelope; or</font></p>
        </li>
    <li>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 6; line-height:150%">
      <font face="Times New Roman,Times,serif" size="2">  delivering a
      later dated proxy to the Secretary of Bancorp; or</font></p>
        </li>
    <li>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 6; line-height:150%">
      <font face="Times New Roman,Times,serif" size="2">  delivering a written
      revocation to either Ms. Childress's and Ms. Bates's proxy solicitor or the
      Secretary of&nbsp; Bancorp; or</font></p>
        </li>
    <li>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 6; line-height:150%">
      <font face="Times New Roman,Times,serif" size="2">  voting in
      person at the Annual Meeting.</font></p>
        </li>
  </ul>
  <p class="H5" style="margin-top: 0; margin-bottom: 6; line-height:150%">
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If you hold your shares in
  street name, you may change your vote by:
  </p>
  <ul style="word-spacing: 0; text-align: left; text-indent: 8; line-height: 100%; margin: 0">
    <li>
  <p class="H5" style="margin-top: 0; margin-bottom: 6; text-indent:40; line-height:150%">
      <font face="Times New Roman,Times,serif" size="2">  submitting a
      new proxy card or voting instruction form to your broker or nominee; or</font></p>
    </li>
    <li>
  <p class="H5" style="margin-top: 0; margin-bottom: 6; text-indent:40; line-height:150%">

      <font face="Times New Roman,Times,serif" size="2"> attending the
      Annual Meeting and voting in person, provided you have obtained a signed legal proxy
      from the record holder giving you the right to vote your shares.</font></p>
    </li>
  </font>

&nbsp;</ul>
  <p class="H5" style="margin-top: 0; margin-bottom: 0; text-indent:40"></p>

  <font size="2">
  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  If you choose to revoke a proxy by giving written notice or a later-dated
  proxy to the Secretary of Bancorp or by submitting new voting instructions to
  your broker or nominee, Ms. Childress and Ms. Bates would appreciate if you would assist us
  in representing the interests of stockholders on an informed basis by either
  sending The Altman Group a copy of your revocation, proxy or new voting
  instructions or by calling them at&nbsp; (866) 387-0017 (Record Holders) or
  (201) 806-7300 (Bank and Brokers).&nbsp; Remember, your
  latest-dated proxy is the only one that counts. </p>

  <p style="margin-top: 0; margin-bottom: 0"></font></DIV>
<P style="margin-top:0; margin-bottom:0" align=center><font size="2">5<!-- Folio --><!-- /Folio -->
</font>
</P></DIV>
<P>
<HR noShade>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>

<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV style="MARGIN-TOP: 6pt; FONT-SIZE: 10pt; MARGIN-LEFT: 2%"
align=left>
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</DIV>


  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2" face="Times New Roman">If I plan to attend the Annual Meeting, should I still submit a
proxy? </font></i></b>
  </p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2"><font face="Times New Roman">Whether you plan to attend </font>the Annual Meeting or not, we urge you
to submit a <b><u>WHITE</u></b> proxy. Returning the enclosed proxy card will
not affect your right to attend the Annual Meeting and vote. </font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2">Who can vote?</font></i></b><font size="2"> </font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">You are eligible to vote or to execute a proxy only if you owned
shares of common stock of the Company on the Record Date. Even if you sell your
shares after the Record Date, you will retain the right to execute a proxy in
connection with the Annual Meeting. It is important that you grant a proxy
regarding shares you held on the Record Date, or vote those shares in person,
even if you no longer own those shares. According to the Company's current
report on Form 10K filed with the Securities and Exchange Commission on
March13, 2008, approximately 9,591,088 shares of the Company's common stock
were issued and outstanding as of January 31, 2008. </font></p>


<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2">How many votes do I have?</font></i></b><font size="2"> </font>
</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">With respect to each matter to be considered at the Annual
Meeting, you are entitled to one vote for each share of common stock owned on
the Record Date. Based on documents publicly filed by the Company, the Company's
only outstanding voting securities are its common stock. </font></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2">How will my shares be voted?</font></i></b><font size="2"> </font>
</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2"> If you give a proxy on the accompanying <b><u>WHITE</u></b> proxy
card with instructions, your shares will be voted as you direct. If you submit a
signed <b><u>WHITE</u></b> proxy card to Ms. Childress's and Ms. Bates's proxy solicitor without
instructions, your shares will be voted <b>FOR </b>the election of Ms. Childress
as a Class I director of Bancorp and proxies held by Ms. Childress will vote <b>FOR </b>
any proposal by Ms. Childress to adjourn the meeting, unless the signed <b><u>
WHITE</u></b> proxy contains instructions to the contrary. Submitting a signed
<b><u>WHITE</u></b> proxy card without instructions will entitle Ms. Childress
to vote your shares in her discretion on matters not described in this proxy
statement that Ms. Childress does not know, a reasonable time before this
solicitation, are to be presented at the Annual Meeting and that properly come
before the Annual Meeting, or any adjournment or postponement thereof. </font>
</p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><font size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If Bancorp stockholders holding shares of
Bancorp stock in street name do not provide voting instructions, their shares
will not be voted and will therefore be considered broker &quot;non-votes.&quot; </font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><font size="2">
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font size="2">
 Unless a signed proxy specifies otherwise,
it is presumed to relate to all shares held of record on the Record Date by the
person who submitted it. </font></p>

  &nbsp;<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2">What is a quorum and why is it necessary?</font></i></b><font size="2">
</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">A quorum of stockholders is necessary to have a valid
stockholders' meeting. The presence, in person or by proxy, of the holders of a
majority of the issued and outstanding shares of stock entitled to vote at the
Annual Meeting is necessary to constitute a quorum. Abstentions and broker
"non-votes" will have no effect on the election of directors. A "non-vote"
occurs when a nominee holding shares for a beneficial owner does not vote on a
proposal because the nominee does not have discretionary voting power and has
not received instructions from the beneficial owner. Shares held by the Company
in its treasury do not count toward the quorum. </font></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2">What vote is required to elect a director and approve each
proposal and how will votes be counted?</font></i></b><font size="2"> </font>
</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">The Company currently has eight directors, each of whom serves
for a two-year term or until his or her successor is elected and qualified, or
until such individual's earlier resignation or removal. The Company's common
stock is the only class of securities entitled to be voted at the Annual
Meeting. The common stockholders have the right to elect 4 directors at the
Annual Meeting. Each stockholder is entitled to one vote for each share of
common stock held of record by such stockholder as of the close of business on
the Record Date. Directors elected by the common stockholders are elected by the
affirmative vote of stockholders holding a plurality of shares of common stock,
in attendance at the meeting, either in person or by proxy. </font></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2">Can the meeting be adjourned or postponed?</font></i></b><font size="2">
</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">The Company's Bylaws provide that, if a quorum is not present, a
stockholders' meeting may be adjourned, from time to time and without notice
other than announcement at the meeting, by those stockholders present in person,
until a quorum is present. If adjournment is for more than 30 days or if, after
the adjournment, a new record date is set, a notice of the adjourned meeting
must be given to each stockholder entitled to vote at the meeting. </font></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b><i>
<font size="2">How can I receive more information?</font></i></b><font size="2">
</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2"> If you require assistance or have questions about giving your
proxy or about this proxy solicitation by Ms. Childress and Ms. Bates, please
call The Altman Group at&nbsp; (866) 387-0017 (Record Holders) or (201) 806-7300
(Bank and Brokers). </font></p>

  &nbsp;<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0"></p>

<P style="margin-top:0; margin-bottom:0" align=center><font size="2"><!-- Folio --><!-- /Folio -->
6
</font>

</P></DIV>
  <HR noShade>

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of Contents</a></H5>

<P>
<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif; ">
<p style="margin-top: 0; margin-bottom: 0"></p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><u><font size="2">PROXY REVOCATION RIGHTS</font></u></b><font size="2">
</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">Any stockholder who has executed and returned a proxy, whether
solicited by the Company or by Ms. Childress and Ms. Bates, may revoke it at any
time before the proxy is voted. A proxy may be revoked by sending a written
revocation of such proxy to Ms. Childress or to the Secretary of the Company, by
submitting another proxy with a later date marked on it, or by appearing in
person at the Annual Meeting and voting. If, however, you hold your shares
through a bank or broker and wish to vote at the Annual Meeting, you will need
to obtain a legal proxy from that firm in order to be able to vote in person.
Attendance at the meeting will not, by itself, revoke a proxy unless you
actually vote at the meeting. </font></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<b>
<font size="2">Remember, only the latest dated proxy card will be counted.
Therefore, Ms. Childress and Ms. Bates urge you to sign and return the <u>WHITE</u>
proxy card accompanying this proxy statement. </font>
</b>
</p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">There is no limit on the number of times that a stockholder may
revoke a proxy prior to the Annual Meeting. If you send written revocation of
your proxy to the Secretary of the Company, Ms. Childress and Ms. Bates request
that you send either the original or a copy of that revocation to The Altman
Group at the address on the last page of this proxy statement. This will allow
Ms. Childress and Ms. Bates to more accurately determine if and when the
requisite number of proxies have been received. </font></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<b><font size="2"> PLEASE NOTE, </font></b><font size="2">that in order to vote
<b>FOR </b>the election of Ms. Childress as a Class I director of Bancorp, you will need
to complete and return the <b><u>WHITE</u></b> proxy card, regardless of whether
or not you send a revocation. </font></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
  <p style="margin-top: 0; margin-bottom: 0">


<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><u><font size="2">PROXY SOLICITATION AND EXPENSES</font></u></b><font size="2">
</font></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2"> Proxies may be solicited by mail, telephone, telefax, telegraph,
e-mail, newspapers and other publications of general distribution and in person.
In connection with this solicitation of proxies, banks, brokers, custodians,
nominees, other institutional holders and other fiduciaries will be asked to
forward all soliciting materials to the beneficial owners of the shares that
those institutions hold of record. Ms. Childress and Ms. Bates will reimburse those
institutions for reasonable expenses that they incur in connection with
forwarding these materials. </font></p>
    <p style="margin-top: 0; margin-bottom: 0">&nbsp;<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">Ms. Childress has retained The Altman Group, Inc. to solicit
proxies in connection with the Annual Meeting. The Altman Group, Inc. may
solicit proxies from individuals, banks, brokers, custodians, nominees, other
institutional holders and other fiduciaries. Ms. Childress has agreed to
reimburse The Altman Group, Inc. for its reasonable expenses and to pay it fees
in connection with the proxy solicitation. It is currently expected that the
fees payable to The Altman Group, Inc. in connection with this proxy
solicitation will not exceed $25,000. To date, The Altman Group has received
$12,500 for its services. </font>
  </p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2"> In addition to the costs related to the engagement of The Altman
Group, Inc., costs related to this solicitation of proxies include expenditures
for printing, postage, legal services and other related items. Ms. Childress and
Ms. Bates are bearing the entire expense of this proxy solicitation. Total
expenditures are expected to be approximately $125,000 to $150,000. Total payments
of costs to date are approximately $26,000. </font></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">Ms. Childress will seek reimbursement of all solicitation
expenses from the Company and does not currently intend to seek a vote of the
stockholders for approval of such reimbursement<i>.</i> </font></p>
      <p style="margin-top: 0; margin-bottom: 0">&nbsp;<P style="FONT-SIZE: 10pt" align=center><font size="2"><!-- Folio -->7</font></P></DIV>
  <P>
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<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table of Contents</a></H5>


  <P>

<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV align=left><a name="info about part"></a></DIV>
  <DIV style="MARGIN-TOP: 6pt; FONT-SIZE: 10pt" align=center>
  <p style="margin-top: 0; margin-bottom: 0"><b><U>INFORMATION
  ABOUT THE PARTICIPANTS IN THIS SOLICITATION OF PROXIES</U></b></p>

  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  <p style="margin-top: 0; margin-bottom: 0"></DIV>


<DIV style="MARGIN-TOP: 6pt; FONT-SIZE: 10pt; MARGIN-LEFT: 2%; "
align=left>
  <p style="margin-top: 0; margin-bottom: 0"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This proxy solicitation is being conducted by Ms. Childress and
  her sister, Carol Bates, both of whom are described above. As a group,
  they beneficially own approximately 12.7% of the outstanding Common Stock of
  the Company. Each of them is deemed to be a participant (the
  &quot;Participants&quot;) in this proxy solicitation within the meaning of the federal
  securities laws. The percentages used herein, unless otherwise stated,
  are based upon 9,591,088 shares of Common Stock outstanding on January 31,
  2008 as reported by the Company in it's Annual Report on Form 10K filed March 13,
  2008. The relationship and ownership discussed below are only in respect
  to beneficial ownership of the Common Stock.</DIV>
<DIV style="MARGIN-TOP: 6pt; FONT-SIZE: 10pt; MARGIN-LEFT: 2%"
align=left>
  <p style="margin-top: 0; margin-bottom: 0"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional information
  concerning Ms. Childress and Ms. Bates is set forth in Annex A to this proxy
  statement. Information concerning Ms. Childress's and Ms. Bates's beneficial
  ownership of Bancorp common stock is set forth in Annex B to this proxy
  statement. All information contained in Annexes A and B is incorporated into
  this proxy statement by reference. Information in this proxy statement about
  Ms. Childress was provided by Ms. Childress and information about Ms. Bates
  was provided by Ms. Bates.</DIV>
  <DIV style="MARGIN-TOP: 6pt; FONT-SIZE: 10pt; MARGIN-LEFT: 2%"
align=left>
  <p align="center" style="margin-top: 0; margin-bottom: 0"><u><b>GROUP
  AGREEMENTS</b></u></p>

  <p align="center" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  <p style="margin-top: 0; margin-bottom: 0"></p>


  <p style="margin-top: 0; margin-bottom: 0"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ms. Childress
  and Ms. Bates have a verbal agreement to work together and share the expense
  of this solicitation of proxies in support of the election of Ms. Childress at
  the 2008 Annual Meeting of Shareholders. If Ms. Childress is elected,
  Ms. Bates will not receive any compensation from Ms. Childress and Ms.
  Childress will be paid only such fees as are established by the existing board
  of directors for non-employee directors.</p>


  <p style="margin-top: 0; margin-bottom: 0"> &nbsp;</p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b><u><font size="2">INFORMATION ABOUT SIERRA BANCORP</font></u></b><font size="2">
  </p>

&nbsp;</font><p style="margin-top: 0; margin-bottom: 0"><font size="2"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Based upon information provided in Bancorp's Form
  10-K, the mailing address of Bancorp's principal executive office is 86 North
  Main Street, Porterville, California 93257, telephone (559) 782-4900.</font></p>

  &nbsp;<p style="margin-top: 0; margin-bottom: 0"></p>


  <font size="2">

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  </font>
  <font size="2">

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  Except as otherwise noted herein, the information in this proxy statement
  concerning Bancorp has been taken from or is based upon documents and records
  on file with the Securities and Exchange Commission and other publicly
  available information. Although Participants do not have any knowledge
  indicating that any statement contained herein is untrue, Participants do not
  take any responsibility for the reliability or completeness of statements
  taken from public documents and records that were not prepared by or on her
  behalf, or for any failure by Bancorp to disclose events that may affect the
  significance or accuracy of such information.</p>
    <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0" align="center">
    &nbsp;</p>
    <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0" align="center">
    <u><b> PROPOSALS OF SHAREHOLDERS</b></u></p>
    <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0" align="center">
    &nbsp;</p>
    <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
    Under certain circumstances, shareholders are entitled to present proposals
    at shareholder meetings. Any such proposal concerning Bancorp's 2009 Annual
    Meeting of Shareholders must be submitted by a shareholder prior to December
    29, 2008 in order to qualify for inclusion in Bancorp's proxy statement
    relating to such meeting. The submission by a shareholder of a proposal does
    not guarantee that it will be included in the proxy statement. Shareholder
    proposals are subject to certain regulations and requirements under federal
    securities laws. <br>
    <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    The persons named as proxies for the 2009 Annual Meeting of Shareholders
    will have discretionary authority to vote on any shareholder proposal which
    is not included in Bancorp's proxy materials for the meeting, unless Bancorp
    receives notice of the proposal by March 13, 2009. If Bancorp receive proper
    notice by that date, the proxy holders will not have discretionary voting
    authority except as provided in federal regulations governing shareholder
    proposals. <br>
    <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    The information set forth above regarding the procedures for submitting
    stockholder proposals for consideration at Bancorp's 2009 annual meeting of
    stockholders is based on information contained in the Company's proxy
    statement. The incorporation of this information in this Proxy Statement
    should not be construed as an admission by us that such procedures are
    legal, valid or binding. </p>
    <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
    &nbsp;</p>
    <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
    </font>
      </p>
  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b><u><font size="2">OTHER MATTERS TO BE VOTED UPON</font></u></b><font size="2">
  </font>
  </p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <font size="2">
  </p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>
  </font>
   <font size="2">
  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  The<b> <u>WHITE</u> </b>proxy card provides you the opportunity to vote on the
  Company's proposals, other than the election of directors by the Company's
  stockholders. For more information about these proposals, please refer to the
  proxy statement and form of proxy to be distributed by the Company. </p>


  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>


  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
  <b>If no direction is given, proxies held by Ms. Childress will vote FOR, and recommends that common stockholders vote FOR the following proposals:</b></p>


  </font>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>

  <ul style="text-indent: 5">
    <li><p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  &nbsp;<b> Proposal 1 </b>- Election of Patricia L. Childress as a Class I Director, </li>
    <li> <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  &nbsp;<b>Proposal 2 </b>- Grant of discretionary authority to adjourn meeting to
  solicit additional votes</li>
  </ul>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <b>
  <font size="2"> Proxies held by Ms. Childress will vote FOR any proposal by
  Ms. Childress to adjourn the meeting, unless the signed <u>WHITE</u> proxy
  contains instructions to the contrary. </font></b> </DIV>
<P style="FONT-SIZE: 10pt" align=center><!-- Folio -->8
</P></DIV>


<P>
<HR noShade>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>

&nbsp;<P>
<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV align=left></DIV>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">YOUR VOTE IS IMPORTANT.</font></b><font size="2"> </font></p>

&nbsp;<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">Your vote could determine if the stockholders have an adequate
voice in the affairs of this Company.<br>
Let your voice be heard.</font></b></p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2"><br>
Please mark, sign and date the enclosed <u>WHITE</u> proxy card and return it
promptly in the enclosed<br>
postage-prepaid envelope.</font></b><font size="2"> </font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">* * * * * * *</font></b><font size="2"> </font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>


<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<font size="2">Questions or requests for additional copies of this proxy
statement should be directed to: </font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>


  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">The Altman Group </font></b></p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2"> (866) 387-0017 (Record Holders)</font></b></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<font size="2"><b>&nbsp;(201) 806-7300 (Bank and Broker</b>s)</font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><u><font size="2">JUDGMENTS, ESTIMATES AND FORWARD-LOOKING STATEMENTS</font></u></b><font size="2">
</font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">The views expressed in this proxy statement are judgments, which
are subjective in nature and, in certain cases, forward-looking in nature. This
proxy statement may also contain estimates made without the benefit of actual
measurement. Forward-looking statements and estimates by their nature involve
risks, uncertainties and assumptions. Forward-looking statements and estimates
are inherently speculative in nature and are not guarantees of actual
measurements or of future developments. Actual measurements and future
developments may and should be expected to differ materially from those
expressed or implied by estimates and forward-looking statements. Ms. Childress
and Ms. Bates do not assume any obligation and do not intend to update these
forward-looking statements. The information contained in this proxy statement
does not purport to be an appraisal of any business or business unit or to
necessarily reflect the prices at which any business or business unit or any
securities actually may be bought or sold. In addition, where quotations have
been used, permission to use such quotations was neither sought nor obtained.
</font></p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0"></p>


<p style="margin-top: 0; margin-bottom: 0"><font size="2"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The views expressed in
this proxy statement are those of Ms. Childress and Ms. Bates. These views are
premised on not only Ms. Childress's and Ms. Bates's individual business and
financial experience but more importantly, on their expectations for future
Company performance. However, your personal expectations for the Company could
differ from those of Ms. Childress and Ms. Bates. Thus, the views expressed in
this proxy statement do not constitute a recommendation by Ms. Childress nor Ms.
Bates to any holder of shares of Bancorp common stock with respect to how such
stockholder should vote his or her shares. Instead, Ms. Childress and Ms. Bates
recommend that, prior to voting by proxy or in person at the Annual Meeting,
each stockholder analyze the views expressed herein in conjunction with
his/her/its own expectations for the Company's future performance and
profitability. </font></p>


<p style="margin-top: 0; margin-bottom: 0"></p>
<DIV align=center>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0 width="100%"
border=0>
    <!-- End Table Body --></TABLE></DIV>

<P style="margin-top:0; margin-bottom:0" align=center><font size="2"><!-- Folio -->
9
</font>
</P></DIV>


<P>
<HR noShade>

<P>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a><a name="annexa"></a></H5>
  <DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<h1 style="margin: 0" align="center"><font size="2">ANNEX A</font></h1>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<font face="Times New Roman">

</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><u><font size="2">RELATIONSHIP BETWEEN THE COMPANY AND CERTAIN STOCKHOLDERS</font></u></b><font size="2"><br>
<b><u>WHO MAY BE DEEMED TO BE PARTICIPANTS IN THE SOLICITATION OF PROXIES</u></b>
</font></p>

&nbsp;<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

</font>
<font face="Times New Roman">

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">Ms. Patricia L. Childress and Ms. Carol A. Bates, as concerned
stockholders, are  participants in the solicitation of proxies for the Annual
Meeting, as that term is defined under federal securities laws. </font></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2"> Neither Ms. Childress nor Ms. Bates currently holds any position
or office with the Company. Furthermore, no arrangements or understandings exist
between Ms. Childress or Ms. Bates and any other person with respect to any
future employment by the Company or its affiliates or any future transactions to
which the Company or its affiliates will or may be a party. No arrangements or
understandings exist with any person at the Company or its affiliates pursuant
to which Ms. Childress is to be elected as a Class I director. Neither Ms. Childress nor
Ms. Bates have any family relationship with any director or executive officer of
the Company. Neither Ms. Childress nor Ms. Bates are and have not been engaged
in any legal proceedings in the past ten years relating to bankruptcy, criminal
proceedings, violations of the securities laws, violations of the Federal
commodities laws, or injunctions from engaging in certain business activities.
Neither has been convicted in a criminal proceeding during the past ten years.
Additionally, neither Ms. Childress nor Ms. Bates are, nor is any associate of
either, a party adverse to the Company in a material proceeding, nor does either
Ms. Childress or Ms. Bates otherwise have a material interest adverse to the
Company. </font></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">Except as described in the paragraphs that follow, neither Ms.
Childress nor Ms. Bates has, nor does any company with which Ms.
Childress or Ms. Bates are associated have, any business relationship with the
Company. Other than with respect to their verbal agreement to work together in
this proxy solicitation, neither is a party to a contract, arrangement or
understanding with any person with respect to any securities of the Company.
Neither Ms. Childress nor Ms. Bates are and have not in the last year, nor has
any family member of either, been indebted to the Company for an amount
exceeding $120,000 and does not have any interest in any transactions, involving
an amount exceeding $120,000, to which the Company is a party. </font></p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2"> Based upon applicable definitions of independence of directors
established by the SEC and the National Association of Securities Dealers, Ms.
Childress is independent from the Company. Ms. Childress neither accepts
compensatory fees from Bancorp or its subsidiary, Bank of the Sierra, nor does
her beneficial ownership of Bancorp stock as disclosed herein give the power to
direct or cause the direction of management or the policies of Bancorp. Should
she be elected, she would be one of eight votes on the board of directors. </font></p>

  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
&nbsp;</p>


<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2">Ms. Childress is the record holder of 632,942 shares and may be
deemed to beneficially own 665,615 shares of common stock of the Company. Ms.
Bates is the record holder of 516,451 shares and may be deemed to beneficially
own 549,124 shares of common stock of the Company. Additional information
regarding Ms. Childress and Ms. Bates has been publicly disclosed in the
Company's proxy statements and Ms. Childress's and Ms. Bates's filings under the
Securities Exchange Act of 1934, as amended. Ms. Childress's and Ms. Bates's
address is: c/o Tisdale &amp; Nicholson, LLP, 2029 Century Park East, Suite 900, Los
Angeles, California 90067. Set forth below in Annex C is a list of purchases and
sales of Bancorp shares by either Ms. Childress or Ms. Bates within the last two
years.</font></p>
  <p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0"></p>
<DIV align=center>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0 width="100%"
border=0>
  <!-- End Table Body --></TABLE></DIV>


<P style="margin-top:0; margin-bottom:0" align=center><font size="2"><!-- Folio -->
10</font></font> </P></DIV>
  <!-- PAGEBREAK -->
<P>
<HR noShade>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>
<P>
<a name="annexb"></a>
<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<h1 style="margin: 0" align="center"><font size="2">ANNEX B</font></h1>

<font face="Times New Roman">
<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<u><font size="2"><b> SECURITY OWNERSHIP OF CERTAIN </b></font></u></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<u><font size="2"><b>BENEFICIAL OWNERS AND MANAGEMENT</b></font></u></p>

&nbsp;<p class="MsoNormal" align="center" style="text-align: left; margin-top: 0; margin-bottom: 0">
    <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    The following tables set forth, based solely upon publicly available
    documentation filed with the Securities and Exchange Commission, certain
    information as to the beneficial ownership of Bancorp stock as of March 24,
    2008 of:</font></p>
<ul>
  <li>
  <p class="MsoNormal" align="center" style="text-align: left; margin-top: 0; margin-bottom: 0; line-height:150%">
    <font size="2">each person who owns beneficially more than 5% of any class
    of the Company's Common Stock,</font></p>
  </li>
  <li>
  <p class="MsoNormal" align="center" style="text-align: left; margin-top: 0; margin-bottom: 0; line-height:150%">
    <font size="2">each of the Company's directors, and</font></p>
  </li>
  <li>
  <p class="MsoNormal" align="center" style="text-align: left; margin-top: 0; margin-bottom: 0; line-height:150%">
    <font size="2">all current directors and executive officers of the Company
    as a group.<br>
&nbsp;</font></font></p>
  </li>
</ul>
<div align="center">
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse">
    <tr>
      <td width="126" style="width:94.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="197" style="width:147.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="3" style="width:2.15pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="133" style="width:99.7pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="31" style="width:23.4pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="133" style="width:99.75pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
    </tr>

    <tr>
      <td width="126" style="width:94.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
      <font size="2">(1) Title of class</font></b></td>

      <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="197" style="width:147.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
      <font size="2">(2) Name and</font></b></td>

      <td width="3" style="width:2.15pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="133" style="width:99.7pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
      <font size="2">(3) Amount and</font></b></td>


      <td width="31" style="width:23.4pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>

      <td width="133" style="width:99.75pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
      <font size="2">(4) Percent of class</font></b></td>
    </tr>


    <tr>
      <td width="126" style="width:94.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="197" style="width:147.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
      <font size="2">address</font></b></td>


      <td width="3" style="width:2.15pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="133" style="width:99.7pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
      <font size="2">nature of beneficial</font></b></td>


      <td width="31" style="width:23.4pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="133" style="width:99.75pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
    </tr>
    <tr>
      <td width="126" style="width:94.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="197" style="width:147.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
      <font size="2">of beneficial owner</font></b></p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

&nbsp;<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></td>
      <td width="3" style="width:2.15pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="133" style="width:99.7pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
      <font size="2">ownership</font></b></p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

&nbsp;<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></td>
      <td width="31" style="width:23.4pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="133" style="width:99.75pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
    </tr>
    <tr>
      <td width="126" valign="top" style="width:94.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">Common Stock </font></p>

      <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>

      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>

      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">Common Stock</font></p>

      <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="197" valign="top" style="width:147.5pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">Patricia L. Childress<br>
      c/o Tisdale &amp; Nicholson, LLP</font></p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">2029 Century Park East</font></p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">Suite 900</font></p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">Los Angeles, CA 90067</font></p>

      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>

      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>

      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>

      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">Carol A. Bates</font></p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">c/o Tisdale &amp; Nicholson, LLP</font></p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">2029 Century Park East</font></p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">Suite 900</font></p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">Los Angeles, CA 90067</font></td>

      <td width="3" style="width:2.15pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="133" valign="top" style="width:99.7pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2"> 665,615 (1)(2) </font></p>

      <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>

      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2"> 549,124(1)(3) </font></p>

      <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="31" style="width:23.4pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>

      <td width="133" valign="top" style="width:99.75pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">7.0 %</font></p>

      <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>

      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font size="2">5.7 %</font></p>

      <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</p>
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
    </tr>
  </table>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="vertical-align: top; margin-top: 0; margin-bottom: 0">
      <sup><font size="2">1</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="vertical-align: top; margin-top: 0; margin-bottom: 0">
      <font size="2"> As disclosed in this proxy
      statement, Participants have entered into an oral agreement with respect
      to the voting of their shares at the Meeting. According to the agreement,
      Ms.&nbsp;Bates has agreed to vote her shares for the election of Ms.&nbsp;Childress
      and to provide financial and personal assistance to further this goal, as
      a result of which these individuals are deemed to be acting in concert as
      a group for the purposes of changing of influencing the control of the
      Company. </font></p>
      <p class="MsoNormal" style="vertical-align: top; margin-top: 0; margin-bottom: 0">&nbsp;</td>
    </tr>
  </table>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="vertical-align: top; margin-top: 0; margin-bottom: 0">
      <sup><font size="2">2</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="vertical-align: top; margin-top: 0; margin-bottom: 0">
      <font size="2"> Ms.&nbsp;Childress has sole
      voting power with respect to 632,942 shares; shared voting power with
      respect to 32,673 shares; sole dispositive power with respect to 649,048
      shares; and shared dispositive power with respect to 6,000 shares. </font>
      </p>
      <p class="MsoNormal" style="vertical-align: top; margin-top: 0; margin-bottom: 0">&nbsp;</td>
    </tr>
  </table>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="vertical-align: top; margin-top: 0; margin-bottom: 0">
      <font size="2">3</font></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="vertical-align: top; margin-top: 0; margin-bottom: 0">
      <font size="2"> Ms.&nbsp;Bates has sole voting
      power with respect to 516, 451 shares; shared voting power with respect to
      32,673 shares; sole dispositive power with respect to 527, 018 shares; and
      shared dispositive power with respect to 6,000 shares. </font></p>
      <p class="MsoNormal" style="vertical-align: top; margin-top: 0; margin-bottom: 0">&nbsp;</td>
    </tr>
  </table>
  <p class="MsoNormal" style="text-indent: 24.5pt; margin-top: 0; margin-bottom: 0" align="left">
  <font face="Times New Roman" size="2"> &nbsp;&nbsp;&nbsp; The following table
  sets forth certain information as of March&nbsp;24, 2008 with respect to (i)&nbsp;each
  of the persons nominated by Bancorp's board of directors for election as
  directors, (ii)&nbsp;each of Bancorp's directors and executive officers, and (iii)
  Bancorp's directors and executive officers as a group: </font></p>
  <div align="center">
    <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%">
      <tr>
        <td width="29%" style="width:29.1%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="0%" valign="bottom" style="width:.8%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="27%" style="width:27.5%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;<p class="MsoNormal">&nbsp;</td>
        <td width="1%" valign="bottom" style="width:1.58%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="1%" valign="bottom" style="width:1.58%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="1%" valign="bottom" style="width:1.58%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="1%" valign="bottom" style="width:1.58%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="1%" valign="bottom" style="width:1.58%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
      </tr>
      <tr>
        <td rowspan="2" valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
        <font size="2"> Name, Address and Offices</font></b></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
        <font size="2">Held with the Company</font><sup><font size="2">1</font></sup></b></td>
        <td width="0%" valign="bottom" style="width:.8%;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td width="27%" rowspan="2" valign="bottom" style="width: 27.5%; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Principal Occupation</font></b></p>
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">for the Past Five Years</font></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td rowspan="2" valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Age</font></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td rowspan="2" valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Term to<br>
        Expire/<br>
        Director<br>
        Since</font></b></td>
        <td rowspan="2" valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td colspan="6" valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Common Stock</font></b><font size="2"><br>
        <b>Beneficially Owned on</b><br>
        </font>
        <b><font size="2">March&nbsp;24, 2008</font></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="0%" valign="bottom" style="width:.8%;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Number<br>
        of Shares</font><sup><font size="2">2</font></sup></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Vested<br>
        Option<br>
        Shares</font><sup><font size="2">3</font></sup></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Percentage<br>
        of Shares<br>
        Outstanding</font><sup><font size="2">4</font></sup></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Morris A. Tharp Chairman of the Board</font></td>
        <td width="0%" valign="bottom" style="width: .8%; padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td width="27%" valign="top" style="width: 27.5%; padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">President and Owner, E.M. Tharp, Inc.
        (Truck Sales and Repair)</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">68</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2010/<br>
        2000 </font> </p>
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">(1977</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;<br>
        &nbsp; </font> </p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">)</font><sup><font size="2">5</font></sup></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">434,480</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">65,000</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">5.21</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Albert L. Berra Director</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Orthodontist/Rancher</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">67</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2009/<br>
        2000 </font> </p>
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">(1977</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;<br>
        &nbsp; </font> </p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">)</font><sup><font size="2">5</font></sup></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">293,787</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><sup>
        <font size="2">&nbsp;6</font></sup></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">30,000</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">3.39</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Robert L. Fields Director</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Investor (formerly Owner, Bob Fields
        Jewelers)</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">80</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2010/<br>
        2000 </font> </p>
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">(1982</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;<br>
        &nbsp; </font> </p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">)</font><sup><font size="2">5</font></sup></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">530,949</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">5,000</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">5.63</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">James C. Holly President, Chief Executive
        Officer and Director</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">President and Chief Executive Officer,
        Bank of the Sierra</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">67</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2010/<br>
        2000 </font> </p>
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">(1977</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;<br>
        &nbsp; </font> </p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">)</font><sup><font size="2">5</font></sup></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">508,104&nbsp;</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><sup>
        <font size="2">7</font></sup></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">5,000</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">5.39</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Vincent L. Jurkovich Director</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">President, Porterville Concrete Pipe,
        Inc.</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">80</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2009/<br>
        2000 </font> </p>
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">(1977</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;<br>
        &nbsp; </font> </p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">)</font><sup><font size="2">5</font></sup></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">147,450</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">94,500</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2.52</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Lynda B. Scearcy</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Director</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Tax Partner, McKinley Scearcy Associates
        (accounting and consulting firm)</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">62</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2010/<br>
        2007 </font> </p>
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">(2007</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;<br>
        &nbsp; </font> </p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">)</font><sup><font size="2">5</font></sup></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2,368&nbsp;</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><sup>
        <font size="2">8</font></sup></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">-&nbsp;&nbsp;</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">0.02</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
    </table>
  </div>
  <p class="MsoNormal" align="right" style="margin-top:9.0pt;text-align:right">
  <i><font size="2">(Table continues and footnotes appear on
  following page.)</font></i><font size="2"> </font> </p>
  <div align="center">
    <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%">
      <tr>
        <td width="36%" style="width:36.0%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="2%" valign="bottom" style="width:2.0%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="33%" style="width:33.0%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="2%" valign="bottom" style="width:2.0%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="2%" valign="bottom" style="width:2.0%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="2%" valign="bottom" style="width:2.0%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="2%" valign="bottom" style="width:2.0%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td width="2%" valign="bottom" style="width:2.0%;padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
        <td style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
      </tr>
      <tr>
        <td rowspan="2" valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
        <font size="2">Name, Address and Offices</font></b></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><b>
        <font size="2">Held with the Company</font><sup><font size="2">1</font></sup></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td rowspan="2" valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Principal Occupation</font></b></p>
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">for the Past Five Years</font></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td rowspan="2" valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Age</font></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td rowspan="2" valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Term to<br>
        Expire/<br>
        Director<br>
        Since</font></b></td>
        <td rowspan="2" valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="6" valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Common Stock</font></b><font size="2"><br>
        </font><b><font size="2">Beneficially Owned on</font></b><font size="2"><br>
        </font><b><font size="2">March&nbsp;24, 2008</font></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
      </tr>
      <tr>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Number of<br>
        Shares</font><sup><font size="2">2</font></sup></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Vested<br>
        Option<br>
        Shares</font><sup><font size="2">3</font></sup></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="bottom" style="border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid black; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <b><font size="2">Percentage<br>
        of Shares<br>
        Outstanding</font><sup><font size="2">4</font></sup></b></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal">&nbsp;</td>
      </tr>
      <tr>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Robert H. Tienken</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Director</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Retired</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">(formerly Realtor/Farmer)</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">88</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2009/<br>
        2000 </font> </p>
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">(1977</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;<br>
        &nbsp; </font> </p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">)</font><sup><font size="2">5</font></sup></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">190,311</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">25,000</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2.26</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Gordon T. Woods</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Director</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Owner,</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Gordon T. Woods Construction</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">72</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2009/<br>
        2000 </font> </p>
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">(1977</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;<br>
        &nbsp; </font> </p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">)</font><sup><font size="2">5</font></sup></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">31,386&nbsp;</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><sup>
        <font size="2">9</font></sup></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">30,000</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">0.64</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Kenneth R. Taylor</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Executive Vice President and Chief
        Financial Officer</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Executive Vice President</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">and Chief Financial Officer, Bank of the
        Sierra</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">48</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">n/a</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">3,500</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">21,400</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">0.26</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">James F. Gardunio</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Executive Vice President and Chief Credit
        Officer</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Executive Vice President</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">and Chief Credit Officer,</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Bank of the Sierra</font><sup><font size="2">10</font></sup></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">57</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">n/a</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">-&nbsp;&nbsp;</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">15,000</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">0.16</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Kevin J. McPhaill</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Executive Vice President</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">and Chief Banking Officer</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Executive Vice President</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">and Chief Banking Officer,</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Bank of the Sierra</font><sup><font size="2">11</font></sup></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">35</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">n/a</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">6,510&nbsp;</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><sup>
        <font size="2">12</font></sup></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">3,400</font></td>
        <td valign="bottom" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">0.10</font></td>
        <td nowrap valign="top" style="padding: 0in; background: #CCEEFF">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
      <tr style="height: 6.0pt">
        <td style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="2" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
        <td colspan="3" style="padding:0in 0in 0in 0in;height:6.0pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;</font></td>
      </tr>
      <tr>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Directors and</font></p>
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">Executive Officers as a Group (11
        persons) </font> </td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">2,148,845</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">294,300</font></td>
        <td valign="bottom" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">&nbsp;&nbsp;</font></td>
        <td valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" align="right" style="text-align: right; margin-top: 0; margin-bottom: 0">
        <font size="2">24.89</font></td>
        <td nowrap valign="top" style="padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font size="2">%</font></td>
      </tr>
    </table>
  </div>
  <div style="mso-element:para-border-div;border:none;border-bottom:solid black 1.0pt;
mso-border-bottom-alt:solid black .5pt;padding:0in 0in 0in 0in">
    <p class="MsoNormal" style="border: medium none; margin-bottom: 1.5pt; padding: 0in">
    &nbsp;</div>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width: 4.0%; border-right-style: none; border-right-width: medium; padding-left: 0in; padding-right: 0in; padding-top: 0in; padding-bottom: 2.25pt">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">1</font></sup></td>
      <td valign="top" style="border-style: none; border-width: medium; padding-left: 0in; padding-right: 0in; padding-top: 0in; padding-bottom: 2.25pt">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">All offices held apply to both Sierra Bancorp and the Bank of the Sierra
      unless otherwise indicated. The business address of each of the executive
      officers and directors is 86 North Main Street, Porterville, California
      93257. </font> </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse" height="36">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in" height="36">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">2</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in" height="36">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">Except as otherwise noted, may include shares held by such person's
      spouse (except where legally separated) and minor children, and by any
      other relative of such person who has the same home; shares
      held in "street name" for the benefit of such person; shares held by a family trust as to which
      such person is a trustee and primary beneficiary with sole voting and
      investment power (or shared power with a spouse); or shares held in an
      Individual Retirement Account or pension plan as to which such person is
      the sole beneficiary and has pass-through voting rights and investment
      power. </font> </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">3</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">Represents option shares which are vested or will vest within 60 days of
      March 24, 2008 pursuant to the Company's Stock Incentive Plan. </font>
      </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">4</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">This percentage is based on the total number of shares of the Company's
      common stock outstanding (9,521,273), plus the numbers of option shares
      for the applicable individual or group which are vested or will vest
      within 60 days of March 24, 2008 pursuant to the Company's Stock Incentive
      Plan. </font> </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">5</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">Year first elected or appointed a director of Bank of the Sierra.
      </font>
      </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">6</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">Includes 80,000 shares held by Berra Investments, a limited partnership
      in which Dr. Berra and his wife are general partners; and 18,036 shares
      held by the Albert L. Berra, DDS Profit Sharing Plan, of which Dr. Berra
      is trustee; as to all of which shares he has sole voting and dispositive
      power. </font> </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">7</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">Includes 30,000 shares held by Holly Farms, L.P., a limited partnership
      of which Mr. Holly is a general partner, as to which shares he has sole
      voting power and shared dispositive power. Also includes 126,694 pledged
      shares. </font> </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">8</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">Includes 50 shares held by a special needs trust of which Ms. Scearcy is
      successor trustee, as to which shares she has sole voting and dispositive
      power. </font> </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">9</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">Does not include 134,598 shares held by Filinco, Ltd., as to which shares
      Mr. Woods' spouse and daughters have sole voting and investment power and
      as to which Mr. Woods disclaims beneficial ownership. </font> </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">10</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">Mr. Gardunio was appointed Senior Vice President and Chief Credit Officer
      on February 7, 2005. Previously, he served as First Vice President and
      Special Assets Manager at Community Bank of Central California in Salinas,
      California since August 2002. </font> </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">11</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">Mr. McPhaill was appointed Executive Vice President and Chief Banking
      Officer on January 1, 2006. Previously, he served as Vice President at
      Bank of the Sierra's Hanford Branch from June 2001 through December 2005.
      </font>
      </td>
    </tr>
  </table>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
  <font size="2">&nbsp;</font></p>
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100.0%; border-collapse: collapse">
    <tr>
      <td width="4%" valign="top" style="width:4.0%;padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <sup>
      <font size="2">12</font></sup></td>
      <td valign="top" style="padding:0in 0in 2.25pt 0in">
      <p class="MsoNormal" style="line-height: 95%; vertical-align: top">
      <font size="2">All of these shares are pledged. </font> </td>
    </tr>
  </table>
</div>
<p class="MsoNormal" align="center" style="text-align:left"></p>


<p class="MsoNormal" align="center" style="text-align:left"></p>


<p class="MsoNormal" align="center" style="text-align:left"></p>


<p class="MsoNormal" align="center" style="text-align:left"></p>


<P style="FONT-SIZE: 10pt" align=center><!-- Folio --><!-- /Folio -->11
</P></DIV>


<P>
<HR noShade>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left>
<font face="Times New Roman,Times,serif"><a href="#toc">Table
of Contents</a></font></H5>
<P>
<font face="Times New Roman,Times,serif" size="2">
<a name="annexc"></a>


  </font>


  <DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV style="MARGIN-TOP: 18pt; FONT-SIZE: 10pt" align=center>
  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b><font size="2">ANNEX C</font></b></p>
  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <font size="2">

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  </p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b><u>PURCHASE AND SALE OF SECURITIES BY</u></b><br>
  <b><u>MS. CHILDRESS AND MS. BATES</u></b></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  </p>

  <p class="MsoNormal" align="center" style="text-align: left; margin-top: 0; margin-bottom: 0">
  The following table sets forth information with respect to purchases and sales
  by Ms. Childress and Ms. Bates during the past two years. The transactions
  listed below were made on the open market at market prices.</p>

  <p class="MsoNormal" align="center" style="text-align: left; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0" align="left"></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b>SIERRA BANCORP</b></p>
  </font>

  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

  <table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" style="border-collapse: collapse; border: medium none" height="458">
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="15">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>Name</b></font></td>
      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="15">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>Date</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="15">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>Purchase</b></font></td>
      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: 1.0pt solid windowtext; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="15">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>Sale</b></font></td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>Patricia Childress</b></font></td>
      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/3/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>2500</b></font></td>

      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/3/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>861</b></font></td>

      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/3/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>639</b></font></td>

      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/4/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1000</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/4/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1343</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/4/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>700</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/4/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>400</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/16/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>2000</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>3/1/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1000</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>4/2/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>305</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>4/3/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>2195</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>4/3/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1300</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>4/4/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1200</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>

    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>Carol Bates</b></font></td>
      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/18/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>2000</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="19">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="19">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/18/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="19">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1501</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="19">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>1/18/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>496</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>

      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>3/03/2008</b></font></td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>250</b></font></td>


      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="84" valign="top" style="width: 63.0pt; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="91" valign="top" style="width: .95in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
    <tr>
      <td width="319" valign="top" style="width: 239.4pt; border-left: 1.0pt solid windowtext; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
      <td width="96" valign="top" style="width: 1.0in; border-left: medium none; border-right: 1.0pt solid windowtext; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="18">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
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      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
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      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
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    <tr>
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      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
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      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
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      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
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      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      </td>
    </tr>
  </table>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0 width="100%"
border=0>
    <!-- End Table Body --></TABLE> </DIV>

<P style="FONT-SIZE: 10pt" align=center><!-- Folio --><!-- /Folio -->12
</P></DIV>
<HR noShade>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>

<P>

<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV align=left><a name="proxy card"></a></DIV>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">SIERRA BANCORP</font></b><font size="2"> </font></p>

<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">PROXY FOR THE ANNUAL MEETING OF STOCKHOLDERS</font></b><font size="2">
</font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2"> THIS PROXY IS SOLICITED BY PATRICIA L. CHILDRESS AND CAROL A.
BATES, <br>
NOT BY THE BOARD OF DIRECTORS OF SIERRA BANCORP</font></b><font size="2"> </font>
</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>

<p class="MsoNormal" style="text-indent: .5in; margin-top: 0; margin-bottom: 0">
<font size="2"> The undersigned holder of shares of common stock of Sierra
Bancorp, a California corporation (the "Company"), hereby appoints Patricia L.
Childress (the "Proxy") as proxy of such holder, with full powers of
substitution and resubstitution, to represent the undersigned and vote on behalf
of the undersigned at the Annual Meeting of Stockholders of the Company, to be
held at the Main Office of Bank of Sierra, 90 North Main Street, Porterville,
California 93257, on Wednesday, May 21, 2008 at 7:30 p.m., and any
adjournment or postponement thereof. The undersigned hereby grants the Proxy the
authority to vote all shares held or owned by the undersigned in accordance with
the directions indicated herein. The undersigned hereby acknowledges receipt of
the Proxy Statement of Patricia L. Childress and Carol A. Bates. </font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">This proxy, when properly executed, will cause your shares to
be voted as you direct.<br>
If you return this proxy, properly executed, without specifying a choice,<br>
your shares will be voted FOR Proposal 1 and Proposal 2.</font></b><font size="2">
</font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b>
<font size="2"> PROPOSAL 1 - Election of Patricia L. Childress as a Class I Director </font></b></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<font size="2"> Election of Patricia L. Childress as a Class I director of the Company.
</font></p>

<div align="center">
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse" width="712">
    <tr>
      <td style="width: 214; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td style="width: 16; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td style="width: 196; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td style="width: 16; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td style="width: 270; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
    </tr>

    <tr>
      <td valign="top" style="width: 214; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b> ELECTION OF CLASS I DIRECTOR: </b>
      </font></td>


      <td style="width: 16; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>

      <td valign="top" style="width: 196; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2">o <b>FOR the nominee
      listed to the left.</b> </font></td>


      <td style="width: 16; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>

      <td valign="top" style="width: 270; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2">o <b>WITHHOLD AUTHORITY</b></font></td>
    </tr>
    <tr>
      <td valign="top" style="width: 214; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>Patricia L. Childress</b>
      </font></td>


      <td style="width: 16; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td valign="top" style="width: 196; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td style="width: 16; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>

      <td valign="top" style="width: 270; padding: 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2"><b>to vote for the
      nominee listed to the left.</b></font></td>
    </tr>
  </table>
</div>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b>
<font size="2">PROPOSAL 2 - Grant of Discretionary Authority to Adjourn Meeting</font></b></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<font size="2">Grant of discretionary authority to adjourn the meeting to
solicit additional proxies. </font></p>

<div align="center">
  <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse">
    <tr>
      <td width="187" style="width:1.95in;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="31" style="width:23.4pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="187" style="width:1.95in;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="31" style="width:23.4pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
      <td width="187" style="width:1.95in;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>
    </tr>

    <tr>
      <td width="187" valign="top" style="width:1.95in;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2">o <b>FOR</b> </font>
      </td>


      <td width="31" style="width:23.4pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>

      <td width="187" valign="top" style="width:1.95in;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2">o <b>AGAINST</b> </font>
      </td>


      <td width="31" style="width:23.4pt;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      &nbsp;</td>

      <td width="187" valign="top" style="width:1.95in;padding:0in 0in 0in 0in">
      <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
      <font face="Times New Roman,Times,serif" size="2">o <b>ABSTAIN</b></font></td>
    </tr>
  </table>
</div>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
&nbsp;</p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
<b><font size="2">PLEASE COMPLETE, SIGN AND DATE THE REVERSE SIDE OF THIS PROXY
CARD.</font></b><font size="2"> </font></p>

<p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>
<DIV align=center>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0 width="100%"
border=0>
    <!-- End Table Body --></TABLE></DIV>

<P style="margin-top:0; margin-bottom:0" align=center><font size="2"><!-- Folio --><!-- /Folio -->
13</font></P></DIV>

<P>
<HR noShade>

<P>

<P>

<H5 style="PAGE-BREAK-BEFORE: always" align=left><a href="#toc">Table
of Contents</a></H5>
<DIV style="FONT-FAMILY: 'Times New Roman',Times,serif">
<DIV align=left>
  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b><font size="2">In their discretion, the Proxy is authorized to vote upon
  such other business<br>
  as may properly come before the meeting, or any adjournment or postponements
  thereof,<br>
  as set forth in the proxy statement provided herewith.</font></b><font size="2">
  </font></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"><font size="2">
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Please sign your name exactly as it appears hereon or on your proxy cards
  previously sent to you. When shares are held by joint tenants, both should
  sign. When signing as an attorney, executor, administrator, trustee, or
  guardian, please give full title as such. If a corporation, please sign in
  full corporation name by the President and other duly authorized officer. If a
  partnership, please sign in partnership name by authorized person. This proxy
  card votes all shares held in all capacities. </font>

      </p>
  <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0"></p>
  <div align="center">
    <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse">
      <tr>
        <td width="257" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="47" style="width:35.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        </td>
        <td width="273" style="width:204.55pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>

        <td width="47" valign="top" style="width:35.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font face="Times New Roman,Times,serif" size="2">Dated: </font></td>


        <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        </td>
        <td width="273" valign="top" style="width: 204.55pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="47" valign="top" style="width:35.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        </td>
        <td width="273" valign="top" style="width: 204.55pt; border: medium none; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="47" valign="top" style="width:35.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        </td>
        <td width="273" valign="top" style="width:204.55pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="321" colspan="3" valign="top" style="width: 240.55pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width: 4.65pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>

        <td width="321" colspan="3" valign="top" style="width: 240.55pt; border: medium none; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <font face="Times New Roman,Times,serif" size="2">Signature<br>
        <br>
        </font></td>


        <td width="6" style="width: 4.65pt; border: medium none; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="47" valign="top" style="width:35.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        </td>
        <td width="273" valign="top" style="width:204.55pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="321" colspan="3" valign="top" style="width: 240.55pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>

        <td width="321" colspan="3" valign="top" style="width: 240.55pt; border: medium none; padding: 0in">
        <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
        <font face="Times New Roman,Times,serif" size="2">Signature, if held
        jointly<br>
        <br>
        </font></td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr style="height: 5.85pt">
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in;
  height:5.85pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in;height:5.85pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="47" valign="top" style="width:35.0pt;padding:0in 0in 0in 0in;
  height:5.85pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in;height:5.85pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        </td>
        <td width="273" valign="top" style="width:204.55pt;padding:0in 0in 0in 0in;
  height:5.85pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in;height:5.85pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in;
  height:5.85pt">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>

        <td width="47" valign="top" style="width:35.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        <font face="Times New Roman,Times,serif" size="2">Title:</font></td>


        <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        </td>
        <td width="273" valign="top" style="width: 204.55pt; border-left: medium none; border-right: medium none; border-top: medium none; border-bottom: 1.0pt solid windowtext; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
      <tr>
        <td width="257" valign="top" style="width:192.45pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.5pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="47" valign="top" style="width:35.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="1" style="width:1.0pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        </td>
        <td width="273" valign="top" style="width: 204.55pt; border: medium none; padding: 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="6" style="width:4.65pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
        <td width="44" valign="top" style="width:32.75pt;padding:0in 0in 0in 0in">
        <p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">
        &nbsp;</td>
      </tr>
    </table>
  </div>
  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0"></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <b><font size="2">PLEASE SIGN, DATE, AND MAIL THIS PROXY CARD TODAY.</font></b><font size="2">
  </font></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <font size="2"> The Altman Group, Inc.</font></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <font size="2">1200 Wall Street West, 3rd Floor</font></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <font size="2">Lyndhurst, NJ 07071 </font></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  &nbsp;</p>
  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <font size="2">If you have any questions or need help voting your shares,
  please call </font></p>
  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <font size="2">The Altman Group, Inc., toll free at:</font></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <font size="2"> (866) 387-0017 (Record Holders)</font></p>

  <p class="MsoNormal" align="center" style="text-align: center; margin-top: 0; margin-bottom: 0">
  <font size="2">(201) 806-7300 (Banks and Brokers) </font></p>

&nbsp;<p class="MsoNormal" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  <p style="margin-top: 0; margin-bottom: 0"></DIV>

<P style="margin-top:0; margin-bottom:0" align=center><font size="2"><!-- Folio --><!-- /Folio -->
14</font></P></DIV>

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