Exhibit 99.1

     Harrington West Announces Resignation of Sean Callow, Chief Financial
           Officer, to Pursue an Entrepreneurial Business Opportunity

     SOLVANG, Calif.--(BUSINESS WIRE)--June 4, 2004--Harrington West Financial
Group, Inc. (Nasdaq:HWFG), the holding company for Los Padres Bank, FSB and its
division Harrington Bank, announced today that Mr. Sean Callow, HWFG's Senior
Vice President and Chief Financial Officer, has resigned his position effective
June 10, 2004. Mr. Callow is pursuing a new career in self-storage syndication,
development, management, and consulting; his lifelong desire to start and manage
his own business. Mr. Callow served Los Padres Bank for thirteen years and has
been instrumental in the progress and accomplishments achieved by the finance
department and Company.
     Harrington West also announced that William ("Butch") W. Phillips, the
Company's and Bank's President and Chief Operating Officer, will re-assume the
additional role of Chief Financial Officer of the Company and the Bank. Mr.
Phillips previously served as Senior Vice President and CFO of the Bank and the
Company, prior to being promoted to President. Mr. Callow has offered to work
with the Company on a consulting basis to assist with a smooth transition.
     Mr. Phillips announced that Ms. Kerry Steele has been promoted to Vice
President, Senior Controller, and will be responsible for the accounting
department's daily operations. Ms. Steele joined Los Padres Bank in February
2004 and has demonstrated her managerial skills and accounting expertise. Ms.
Steele is a certified public accountant and was formerly Director of Corporate
Accounting for World Minerals, Inc., a fortune 500 subsidiary. Ms. Steele
received her public training with KPMG, LLP. Mr. Phillips also stated that Lara
Vacca, Vice President, Director of Financial Reporting, will also be
instrumental in the transition period with her six year career with the Bank in
financial reporting and as its former Controller.
     Commenting on the recent developments, Craig J. Cerny, Chairman and CEO of
Harrington West, stated, "We wish Sean much success in the pursuit of his
entrepreneurial goals. Sean was instrumental in the development of the Finance
and Accounting division since Harrington West's acquisition of Los Padres Bank
in 1996, and he will be missed by all of us. The Company, though, is well
positioned given Butch Phillip's tenure in previously leading this division and
with the support, expertise, and experience of Kerry Steele and Lara Vacca."

     Harrington West Financial Group, Inc. is a $1.0 billion financial
institution holding company for Los Padres Bank and its division Harrington
Bank. It will operate 13 full service banking operations on the central coast of
California, Scottsdale Arizona, and the Kansas City metro when it opens the
Ventura, California office in May of 2004. It also owns Harrington Wealth
Management Company, a trust and investment management company with $126.1
million in assets under management or custody, and 51% of Los Padres Mortgage
Company, LLC, a joint venture mortgage origination company, with Resource
Marketing, Inc, the largest RE/MAX realty franchise in Arizona, holding the
remaining 49%.

     CONTACT: Harrington West Financial Group, Inc.
              Lisa Watkins, 805-688-6644
              Craig J. Cerny, 913-663-0180