Mission Community Bank began in May, 1996, when a handful of organizing board members started to develop the business strategy to create a successful financial institution, founded in the true spirit of community to serve the diverse needs of San Luis Obispo County. These board members gathered their friends and supporters to become the foundation upon which the bank would be built. In total, seventy-three individuals made substantial investment into the capital campaign of the bank. Another 430 investors later joined the effort to open the bank.

Timeline of key events at Mission Community Bank

1997

Mission Community Bank first “opens its doors” in San Luis Obispo on December 18, with over $6 million in capital and more than 500 shareholders.

1998

	Assets reach $23 million.
	Bank opens its second office – in Paso Robles.
	Bank establishes a “not for profit” affiliate, Mission Community Services Corporation.
	Bank subsidiary Mission Community Development Corporation also created.
	Bank is named top producer of SBA guaranteed loans in the district by US Small Business Administration.

1999

	Bank becomes profitable in 15th month of operation.
	SBA designates bank “Preferred Lender” status.
	Bank is again recognized as top producer of SBA guaranteed loans in the district.
	Bank is certified as a “CDFI” or Community Development Financial Institution by the U.S. Department of the Treasury, and receives $500,000 of core funding and a $30,000 grant.

2000

	Assets reach $63 million.
	Mission Community Bancorp is formed as bank’s holding company, is certified as a CDFI and receives a National Community Investment Fund $500,000 community development investment.
	Bank opens its third office – in Arroyo Grande.
	Bank originates more SBA loans than any other Central Coast lender.

2001

	Bank receives $500,000 core award from CDFI Fund and a $990,000 Bank Enterprise Award grant in recognition of its community development activities.
	Bank continues to set the pace for the district in SBA guaranteed lending.
	Honored as Premier Performing Bank from The Findley Reports and Four Star Rating from BauerFinancial.

2002

	Assets reach $99 million.
	Bancorp pays first cash dividend to shareholders.
	Bank opens its fourth office – in Nipomo. (closed in 2005)
	Honored as Super Premier Performing Bank from The Findley Reports and Four Star Rating from BauerFinancial.

2003

	Bank converted from a National Bank charter to a State Bank charter, providing larger lending limits and improved lending capacity to any one borrower.
	Again received Four Star Rating from BauerFinancial.

2004

	Assets reach $139 million.
	Bank opens a Business Banking Center loan production office in San Luis Obispo, housing the Small Business Lending Group.
	Bank receives $1.2 million grant from CDFI Fund’s Bank Enterprise Award program in recognition of providing financial services to economically distressed communities.
	Honored again as Super Premier Performing Bank from The Findley Reports and Four Star Rating from BauerFinancial.
	Bank receives an “Outstanding” CRA rating by Federal Reserve Bank – a rare designation for banks.

2005

	Bancorp receives technical assistance award from CDFI Fund to further its commitment to under-banked and unbanked individuals.
	Mission Community Club accounts established, attracting nearly $10 million in deposits.

2006

	Assets reach $158 million.
	First $25,000 Mission Community Club grants awarded – five local non-profits each receive $5,000.

2007

	Bank receives $337,500 award from CDFI Fund’s Bank Enterprise Award program in recognition of lending activity in economically distressed communities.
	Brooks Wise joins bank as President.

2008

	Assets reach $215 million.
	Bank opens first branch outside of San Luis Obispo County – in Santa Maria.
	Bancorp attracts over $10 million in new private placement capital.

2009

	Bank prepares to open second full-service branch in San Luis Obispo, on South Higuera at Prado Lane, and move headquarters and consolidate Business Banking Center into this new office.
	Bancorp receives $5.1 million in new capital through U.S. Department of Treasury’s Capital Purchase Program.