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KEEFE, BRUYETTE & WOODS, INC.
SPECIALISTS IN BANKING AND FINANCIAL SERVICES
235 PINE STREET SUITE 1818 SAN FRANCISCO, CA 94104
TOLL FREE 1-877-520-8569 | TELEPHONE 415-591-5020 |
July 24, 2002
Board of Directors
First Community Bancorp
6110 El Tordo Road
Rancho Santa Fe, CA 92067
Re: Consent of Keefe, Bruyette & Woods, Inc.
Gentlemen:
We hereby consent to the inclusion in the proxy statement-prospectus forming part of this Registration Statement on Form S-4 of First Community Bancorp of our opinion attached thereto and to the reference to such opinion and to our firm therein. We also confirm the accuracy in all material respects of the description and summary of such fairness opinion, the description and summary of our analyses, observations, beliefs and conclusions relating thereto set forth under the heading "Opinion of First National's Financial Advisor" therein. In giving such consent, we do not admit (i) that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933 and the rules and regulations of the Securities and Exchange Commission issued thereunder or (ii) that we are experts with respect to any part of the proxy statement-prospectus within the meaning of the term "experts" as used in the Securities Act and the rules and regulations of the Securities and Exchange Commission promulgated herein.
/s/ KEEFE, BRUYETTE & WOODS, INC.
Keefe, Bruyette & Woods, Inc.