EXHIBIT 23.5

                  CONSENT OF U. S. BANCORP PIPER JAFFRAY, INC.

   We hereby consent to the inclusion of our opinion letter as Annex D to the
proxy statement relating to the proposed business combinations among First
Community Bank of the Desert ("FCB"), Rancho Santa Fe National Bank and First
Community Bancorp, contained in the Registration Statement on Form S-4 as filed
with the Securities and Exchange Commission on the date hereof, and to the
references to our firm and such opinion in such proxy statement.

   In giving such consent, we do not admit that we come within the category of
persons whose consent is required under Section 7 of the Securities Act of
1933, as amended, or the rules and regulations of the Securities and Exchange
Commission thereunder, nor do we admit that we are experts with respect to any
part of such Registration Statement within the meaning of the term "experts" as
used in the Securities Act of 1933, as amended, or the rules and regulations of
the Securities and Exchange Commission thereunder.

                                          U.S. BANCORP PIPER JAFFRAY, INC.

                                          By: /s/ Peter Gill
                                             __________________________________

                                          Name:  Peter Gill

                                          Title: Managing Director

                                          Dated: April 20, 2000