Mission Community Bancorp recently completed its acquisition of Santa Lucia Bank, a subsidiary of Atascadero-based Santa Lucia Bancorp.
The acquisition was effective at the close of business on Oct. 21, 2011. With the completion of the acquisition, Santa Lucia Bank was merged into Mission Community Bank, the wholly-owned banking subsidiary of Mission Community Bancorp.

The combined community bank will operate under the Mission Community Bank name, with a network of full-service branch offices in San Luis Obispo and Santa Barbara counties in the cities of Paso Robles, Atascadero, San Luis Obispo, Arroyo Grande and Santa Maria. The consolidated bank will have approximately $450 million in assets and $410 million in deposits at the transaction close.

“We welcome Santa Lucia Bank customers and staff to the Mission Community Bank family,” said James Lokey, chief executive officer and chairman of Mission Community Bancorp.  “Our combined bank will continue to provide the highest level of personal service that our customers have come to expect from Santa Lucia Bank and Mission Community Bank.”

All four former Santa Lucia Bank branch offices will remain open. The conversion of Santa Lucia Bank’s operating systems to Mission Community Bank’s operating platform is scheduled to be completed in January 2012.