is a California corporation, and is a registered bank holding company under federal banking laws. It was formed to serve as the holding company for Bank of the Sierra (the “Bank”), and has been the Bank’s sole shareholder since August 2001. At the present time, Sierra Bancorp’s only other subsidiaries are Sierra Statutory Trust II and Sierra Capital Trust III, which were formed in March 2004 and June 2006, respectively, solely to facilitate the issuance of trust-preferred securities. The Bank is a California state-chartered bank headquartered in Porterville, California, which opened for business in January 1978 and has become the largest independent bank headquartered in the South San Joaquin Valley. The Bank offers a full range of retail and commercial banking services primarily to communities in Tulare, Kern, Fresno, and Kings Counties, and, in Southern California, the rich agricultural corridor stretching from Santa Paula to Santa Clarita. It currently operates 28 full service branches and an internet branch, and has specialized lending units which include a real estate industries center, an agricultural credit center, and an SBA lending unit. The Bank’s growth has primarily been organic, but includes two acquisitions: Sierra National Bank in 2000, and Santa Clara Valley Bank in 2014.