Exhibit 99.1
February 26, 2004
Board of Directors
First Community Bancorp
6110 El Tordo
PO Box 2388
Rancho Santa Fe, California 92067
Attention: John M. Eggemeyer, Chairman
Dear John:
Effective immediately, I hereby resign as a director from the board of directors of First Community Bancorp. I have determined that due to the requirements of my business and family interests, I will not be able to devote adequate time to my position as a director.
It has been a pleasure to serve on the board of First Community and I wish you and the Company the best for 2004.
| Very truly yours, | |
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| /s/ Leon Kassel |
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| Leon Kassel |
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