BYLAWS

                                     OF

                             HUMBOLDT BANCORP


                                 ARTICLE I
    
                                 OFFICES

SECTION 1.1.  PRINCIPAL OFFICE.  The principal executive office of the
corporation is hereby located at such place as the board of directors (the
"board") shall determine.  The board is hereby granted full power and authority
to change said principal executive office from one location to another.

SECTION 1.2.  OTHER OFFICES.  Other business offices may, at any time, be
established by the board at such other places as it deems appropriate.


                              ARTICLE II

                       MEETINGS OF SHAREHOLDERS

SECTION 2.1.  PLACE OF MEETINGS.  Meetings of shareholders may be held at such
place within or outside the state of California designated by the board.  In
the absence of any such designation, shareholders' meetings shall be held at
the principal executive office of the corporation.

SECTION 2.2.  ANNUAL MEETING.  The annual meeting of shareholders shall be held
for the election of directors on a date and at a time designated by the board.
The date so designated shall be within fifteen (15) months after the last
annual meeting.  At such meeting, directors shall be elected, and any other
proper business within the power of the shareholders may be transacted.

SECTION 2.3.  SPECIAL MEETINGS.  Special meetings of the shareholders may be
called at any time by the board, the chairperson of the board, the president,
or by the holders of shares entitled to cast not less than ten percent (10%) of
the votes at such meeting.  If a special meeting is called by any person or
persons other than the board, the request shall be in writing, specifying the
time of such meeting and the general nature of the business proposed to be
transacted, and shall be delivered personally or by registered mail to the
chairperson of the board, the president, any vice president or the secretary of
the corporation.  The officer receiving the request shall cause notice to be
promptly given to the shareholders entitled to vote that a meeting will be held
at a time requested by the person or persons calling the meeting, not less than
35 nor more than 60 days after receipt of the request.  If the notice is not
given within 20 days after receipt of the request, the person or persons
requesting the meeting may give the notice.  Nothing in this paragraph shall be
construed as limiting, fixing or affecting the time when a meeting of
shareholders called by action of the board may be held.

SECTION 2.4.  NOTICE OF MEETINGS.  Written notice, in accordance with Section
2.5 of this Article II, of each annual or special meeting of shareholders shall
be given not less than 10 nor more than 60 days before the date of the meeting


<PAGE>2

to each shareholder entitled to vote thereat.  Such notice shall state the
place, date and hour of the meeting and (a) in the case of a special meeting,
the general nature of the business to be transacted, and no other business may
be transacted, or (b) in the case of the annual meeting, those matters which
the board, at the time of the mailing of the notice, intends to present for
action by the shareholders, but, subject to the provisions of applicable law,
any proper matter may be presented at the meeting for such action.  The notice
of any meeting at which directors are to be elected shall include the names of
nominees intended at the time of the notice to be presented by the board for
election.

If action is proposed to be taken at any meeting for approval of (a) a contract
or transaction in which a director has a direct or indirect financial interest,
pursuant to Section 310 of the California Corporations Code, as amended (the
"Code"), (b) an amendment of the articles of incorporation, pursuant to Section
902 of the Code, (c) a reorganization of the corporation, pursuant to Section
1201 of the Code, (d) a voluntary dissolution of the corporation, pursuant to
Section 1900 of the Code, or (e) a distribution in dissolution other than in
accordance with the rights of outstanding preferred shares, pursuant to Section
2007 of the Code, the notice shall also state the general nature of that
proposal.

SECTION 2.5.  MANNER OF GIVING NOTICE.  Notice of a shareholders' meeting shall
be given either personally or by first-class mail or telegraphic or other
written communication, charges prepaid, addressed to the shareholder at the
address of that shareholder appearing on the books of the corporation or given
by the shareholder to the corporation for the purpose of notice.  If no such
address appears on the corporation's books or is given, notice shall be deemed
to have been given if sent to that shareholder by first-class mail or
telegraphic or other written communication to the corporation's principal
executive office or if published at least once in a newspaper of general
circulation in the county in which the principal executive office is located.
Notice shall be deemed to have been given at the time when delivered personally
or deposited in the mail or sent by telegram or other means of written
communication.  An affidavit of mailing or other means of giving any notice in
accordance with the above provisions, executed by the secretary, assistant
secretary or any transfer agent, shall be prima facie evidence of the giving of
the notice.

If any notice addressed to the shareholder at the address of such shareholder
appearing on the books of the corporation is returned to the corporation by the
United States Postal Service marked to indicate that the United States Postal
Service is unable to deliver the notice to the shareholder at such address, all
future notices shall be deemed to have been duly given without further mailing
if the same shall be available for the shareholder upon written demand of the
shareholder at the principal executive office of the corporation for a period
of one year from the date of the giving of the notice to all other
shareholders.

SECTION 2.6.  QUORUM.  A majority of the shares entitled to vote, represented
in person or by proxy, shall constitute a quorum at any meeting of
shareholders.  The shareholders present at a duly called or held meeting at
which a quorum is present may continue to transact business until adjournment
notwithstanding the withdrawal of enough shareholders to leave less than a
quorum, if any action taken (other than adjournment) is approved by at least a
majority of the shares required to constitute a quorum.

SECTION 2.7.  ADJOURNED MEETING AND NOTICE THEREOF.  Any shareholders' meeting,
whether or not a quorum is present, may be adjourned from time to time by the
vote of a majority of the shares


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represented either in person or by proxy at the meeting, but in the absence of
a quorum (except as provided in Section 2.6 of this Article II) no other
business may be transacted at such meeting.

When any meeting of shareholders, either annual or special, is adjourned to
another time or place, notice need not be given of the adjourned meeting if the
time and place are announced at the meeting at which the adjournment is taken.
However, when any shareholders' meeting is adjourned for more than 45 days from
the date set for the original meeting, or, if after adjournment a new record
date is fixed for the adjourned meeting, notice of the adjourned meeting shall
be given to each shareholder of record entitled to vote at the meeting.  At any
adjourned meeting the corporation may transact any business which might have
been transacted at the original meeting.

SECTION 2.8.  VOTING.  The shareholders entitled to notice of any meeting or to
vote at any such meeting shall be only persons in whose name shares stand on
the stock records of the corporation on the record date determined in 
accordance with Section 2.9 of this Article II.

Voting of shares of the corporation shall in all cases be subject to the
provisions of Sections 700 through 711, inclusive, of the Code.

The shareholders' vote may be by voice or ballot; provided, however, that any
election for directors must be by ballot if demanded by any shareholder before
the voting has begun.  On any matter other than election of directors, any
shareholder may vote part of the shares in favor of the proposal and refrain
from voting the remaining shares or vote them against the proposal (other than
the election of directors), but, if the shareholder fails to specify the number
of shares which the shareholder is voting affirmatively, it will be
conclusively presumed that the shareholder's approving vote is with respect to
all shares that the shareholder is entitled to vote.  If a quorum is present,
the affirmative vote of the majority of the shares represented at the meeting
and entitled to vote on any matter (other than the election of directors) shall
be the act of the shareholders, unless the vote of a greater number or voting
by classes is required by the Code or by the articles of incorporation.

Subject to the following sentence and the provisions of Section 708 of the
Code, every shareholder entitled to vote at any election of directors may
cumulate such shareholder's votes and give one candidate a number of votes
equal to the number of directors to be elected multiplied by the number of
votes to which the shareholder's shares are entitled, or distribute the
shareholder's votes on the same principle among as many candidates as the
shareholder thinks fit.  No shareholder shall be entitled to cumulate votes for
any candidate or candidates pursuant to the preceding sentence unless such
candidate's or candidates' names have been placed in nomination prior to the
voting and the shareholder has given notice at the meeting and prior to the
voting of the shareholder's intention to cumulate the shareholder's votes.  If
any one shareholder has given such notice, all shareholders may cumulate their
votes for candidates in nomination.

In any election of directors, the candidates receiving the highest number of
affirmative votes of the shares entitled to be voted for them, up to the number
of directors to be elected, shall be elected.  Votes against the director and
votes withheld shall have no legal effect.

SECTION 2.9.  RECORD DATE.  The board may fix, in advance, a record date for
the determination of the shareholders entitled to notice of any meeting or to
vote or to receive payment of any dividend or other distribution, or allotment
of any rights, or to exercise any  rights in respect of any other lawful
action.  The record date so fixed shall be not more than 60 days nor less than

<PAGE>4

10 days prior to the date of the meeting nor more than 60 days prior to any
other action.  When a record date is so fixed, only shareholders of record on
that date are entitled to notice of and to vote at the meeting or to receive
the dividend, distribution, or allotment of rights, or to exercise rights, as
the case may be, notwithstanding any transfer of shares on the books of the
corporation after the record date.  A record date for a meeting of shareholders
shall apply to any adjournment of the meeting unless the board fixes a new
record date for the adjourned meeting.  The board shall fix a new record date
if the meeting is adjourned for more than 45 days.

If no record date is fixed by the board, the record date for determining
shareholders entitled to notice of or to vote at a meeting of shareholders
shall be at the close of business on the business day next preceding the day on
which notice of the meeting is given or, if notice is waived, the close of
business on the business day next preceding the day on which the meeting is
held.  The record date for determining shareholders for any purpose other than
as set forth in this Section 2.9 or Section 2.11 of this Article II shall be at
the close of business on the day on which the board adopts the resolution
relating thereto, or the sixtieth day prior to the date of such other action,
whichever is later.

SECTION 2.10.  CONSENT OF ABSENTEES.  The transactions of any meeting of
shareholders, however called and noticed, and wherever held, are as valid as
though had at a meeting duly held after regular call and notice, if a quorum is
present either in person or by proxy, and if, either before or after the
meeting, each of the persons entitled to vote, who was not present in person or
by proxy, signs a written waiver of notice, or a consent to the holding of the
meeting or an approval of the minutes thereof.  All such waivers, consents or
approvals shall be filed with the corporate records or made a part of the
minutes of the meeting.  Attendance of a person at a meeting shall constitute a
waiver of notice of and presence at such meeting, except when the person
objects, at the beginning of the meeting, to the transaction of any business
because the meeting is not lawfully called or convened and except that
attendance at a meeting is not a waiver of any right to object to the
consideration of matters required by the Code to be included in the notice but
not so included, if such objection is expressly made at the meeting.  Neither
the business to be transacted at, nor the purpose of, any regular or special
meeting of shareholders need be specified in any written waiver of notice,
consent to the holding of the meeting or approval of the minutes of the
meeting, except that if action is taken or proposed to be taken for approval of
any of those matters specified in the second paragraph of Section 2.4 of this
Article II, the waiver of notice, consent or approval shall state the general
nature of the proposal.

SECTION 2.11.  ACTION BY WRITTEN CONSENT WITHOUT A MEETING.  Subject to Section
603 of the Code, any action which may be taken at any annual or special meeting
of shareholders may be taken without a meeting and without prior notice if a
consent in writing, setting forth the action so taken, is signed by the holders
of the outstanding shares, or their proxies, having not less than the minimum
number of votes that would be necessary to authorize or take such action at a
meeting at which all shares entitled to vote thereon were present and voted.
All such consents shall be filed with the secretary of the corporation and
shall be maintained in the corporate records; provided, however, that (1)
unless the consents of all shareholders entitled to vote have been solicited in
writing, notice of any shareholder approval without a meeting by less than
unanimous consent shall be given, as provided by Section 603(b) of the Code,
and (2) in the case of election of directors, such a consent shall be effective
only if signed by the holders of all outstanding shares entitled to vote for
the election of directors; provided, however, that subject to applicable law, a
director may be elected at any time to fill a vacancy on the board that has not
been filled by the directors, by the written consent of the holders of a

<PAGE>5

majority of the outstanding shares entitled to vote for the election of
directors.  Any written consent may be revoked by a writing received by the
secretary of the corporation prior to the time that written consents of the
number of shares required to authorize the proposed action have been filed with
the secretary.

Unless a record date for voting purposes be fixed as provided in Section 2.9 of
this Article II, the record date for determining shareholders entitled to give
consent pursuant to this Section 2.11, when no prior action by the board has
been taken, shall be the day on which the first written consent is given.

SECTION 2.12.  PROXIES.  Every person entitled to vote shares or execute
written consents has the right to do so either in person or by one or more
persons authorized by a written proxy executed and dated by such shareholder
and filed with the secretary of the corporation prior to the convening of any
meeting of the shareholders at which any such proxy is to be used or prior to
the use of such written consent.  A validly executed proxy which does not state
that it is irrevocable continues in full force and effect unless: (1) revoked
by the person executing it prior to the vote pursuant thereto, by a writing
delivered to the corporation stating that the proxy is revoked or by a
subsequent proxy executed by the person executing the prior proxy and presented
to the meeting, or as to any meeting of shareholders, by attendance at such
meeting and voting in person by the person executing the proxy; or (2) written
notice of the death or incapacity of the maker of the proxy is received by the
corporation before the vote pursuant thereto is counted; provided, however,
that no proxy shall be valid after the expiration of 11 months from the date of
its execution unless otherwise provided in the proxy.

SECTION 2.13.  INSPECTORS OF ELECTION.  In advance of any meeting of
shareholders, the board may appoint any persons other than nominees for office
as inspectors of election to act at such meeting and any adjournment thereof.
If no inspectors of election are so appointed, or if any persons so appointed
fail to appear or refuse to act, the chairperson of any such meeting may, and
on the request of any shareholder or shareholder's proxy shall, appoint
inspectors of election at the meeting.  The number of inspectors shall be
either one (1) or three (3).  If inspectors are appointed at a meeting on the
request of one or more shareholders or proxies, the holders of a majority of
shares or their proxies present shall determine whether one (1) or three (3)
inspectors are to be appointed.

The duties of such inspectors shall be as prescribed by Section 707(b) of the
Code and shall include: determining the number of shares outstanding and the
voting power of each; determining the shares represented at the meeting;
determining the existence of a quorum; determining the authenticity, validity
and the effect of proxies; receiving votes, ballots or consents; hearing and
determining all challenges and questions in any way arising in connection with
the right to vote; counting and tabulating all votes or consents; determining
when the polls shall close; determining the result; and doing such acts as may
be proper to conduct the election or vote with fairness to all shareholders.
If there are three inspectors of election, the decision, act or certificate of
a majority is effective in all respects as the decision, act or certificate of
all.

SECTION 2.14.  CONDUCT OF MEETINGS.  The president shall preside at all
meetings of the shareholders and shall conduct each such meeting in a
businesslike and fair manner, but shall not be obligated to follow any
technical, formal or parliamentary rules or principles of procedure.  The
presiding officer's rulings on procedural matters shall be conclusive and
binding on all shareholders, unless at the time of ruling a request for a vote

<PAGE>6

is made to the shareholders entitled to vote and represented in person or by
proxy at the meeting, in which case the decision of a majority of such shares
shall be conclusive and binding on all shareholders.  Without limiting the
generality of the foregoing, the presiding officer shall have all the powers
usually vested in the presiding officer of a meeting of shareholders.

                              ARTICLE III

                               DIRECTORS

SECTION 3.1.  POWERS.  Subject to the provisions of the Code and any
limitations in the articles of incorporation and these bylaws relating to
actions required to be approved by the shareholders or by the outstanding
shares, the business and affairs of the corporation shall be managed and all
corporate powers shall be exercised by or under the direction of the board.
The board may delegate the management of the day-to-day operations of the
business of the corporation to a management company or other person provided
that the business and affairs of the corporation shall be managed and all
corporate powers shall be exercised under the ultimate direction of the board.
Without prejudice to such general powers, but subject to the same limitations,
it is hereby expressly declared that the board shall have the following powers
in addition to the other powers enumerated in these bylaws:

(a)  to select and remove all the other officers, agents and employees of the
     corporation, prescribe any qualifications, powers and duties for them that
     are consistent with law, the articles of incorporation or these bylaws,
     fix their compensation, and require from them security for faithful
     service;

(b)  to conduct, manage and control the affairs and business of the corporation
     and to make such rules and regulations therefor not inconsistent with law,
     the articles of incorporation or these bylaws, as they may deem best;

(c)  to adopt, make and use a corporate seal, to prescribe the forms of
     certificates of stock, and to alter the form of such seal and of such
     certificates from time to time as in their judgment they may deem best;

(d)  to authorize the issuance of shares of stock of the corporation from time
     to time, upon such terms and for such consideration as may be lawful;

(e)  to borrow money and incur indebtedness for the purposes of the
     corporation, and to cause to be executed and delivered therefor, in the
     corporate name, promissory and capital notes, bonds, debentures, deeds of
     trust, mortgages, pledges, hypothecations or other evidences of debt and
     securities therefor and any agreements pertaining thereto;

(f)  to prescribe the manner in which and the person or persons by whom any or
     all of the checks, drafts, notes, contracts and other corporate
     instruments shall be executed;

(g)  to appoint and designate, by resolution adopted by a majority of the
     authorized number of directors, one or more committees, each consisting of
     two or more directors, including the appointment of alternate members of
     any committee who may replace any absent member at any meeting of the
     committee; and


<PAGE>7

(h)  generally, to do and perform every act or thing whatever that may pertain
     to or be authorized by the board of directors of a corporation
     incorporated under the laws of this state.

SECTION 3.2.  NUMBER AND QUALIFICATION OF DIRECTORS.  The authorized number of
directors of the corporation shall not be less than eight (8) nor more than
fifteen (15) until changed by an amendment of the articles of incorporation or
by a bylaw amending this Section 3.2 duly adopted by the vote or written
consent of holders of a majority of the outstanding shares entitled to vote.
The exact number of directors shall be fixed from time to time, within the
range specified in the articles of incorporation or in this Section 3.2: (i) by
a resolution duly adopted by the board; (ii) by a bylaw or amendment thereof
duly adopted by the vote of a majority of the shares entitled to vote
represented at a duly held meeting at which a quorum is present, or by the
written consent of the holders of a majority of the outstanding shares entitled
to vote; or (iii) by approval of the shareholders (as defined in Section 153 of
the Code.

SECTION 3.3.  NOMINATIONS OF DIRECTORS.  Nominations for election of members of
the board may be made by the board or by any holder of any outstanding class of
capital stock of the corporation entitled to vote for the election of
directors.  Notice of intention to make any nominations (other than for persons
named in the notice of the meeting called for the election of directors) shall
be made in writing and shall be delivered or mailed to the president of the
corporation by the later of: (i) the close of business twenty-one (21) days
prior to any meeting of shareholders called for the election of directors; or
(ii) ten (10) days after the date of mailing of notice of the meeting to
shareholders.  Such notification shall contain the following information to the
extent known to the notifying shareholder: (a) the name and address of each
proposed nominee; (b) the principal occupation of each proposed nominee; (c)
the number of shares of capital stock of the corporation owned by each proposed
nominee; (d) the name and residence address of the notifying shareholder; (e)
the number of shares of capital stock of the corporation owned by the notifying
shareholder; (f) the number of shares of capital stock of any bank, bank
holding company, savings and loan association or other depository institution
owned beneficially by the nominee or by the notifying shareholder and the
identities and locations of any such institutions; and (g) whether the proposed
nominee has ever been convicted of or pleaded nolo contendere to any criminal
offense involving dishonesty or breach of trust, filed a petition in bankruptcy
or been adjudged bankrupt.  The notification shall be signed by the nominating
shareholder and by each nominee, and shall be accompanied by a written consent
to be named as a nominee for election as a director from each proposed nominee.
Nominations not made in accordance with these procedures shall be disregarded
by the chairperson of the meeting, and upon his or her instructions, the
inspectors of election shall disregard all votes cast for each such nominee.
The foregoing requirements do not apply to the nomination of a person to
replace a proposed nominee who has become unable to serve as a director between
the last day for giving notice in accordance with this paragraph and the date
of election of directors if the procedure called for in this paragraph was
followed with respect to the nomination of the proposed nominee.

A copy of the preceding paragraph shall be set forth in the notice to
shareholders of any meeting at which directors are to be elected.

SECTION 3.4.  ELECTION AND TERM OF OFFICE.  The directors shall be elected at
each annual meeting of shareholders, but if any annual meeting is not held or
the directors are not elected thereat, the directors may be elected at any
special meeting of shareholders held for that purpose.  Each director shall
hold office until the next annual meeting and until a successor has been
elected and qualified.


<PAGE>8

SECTION 3.5.  VACANCIES.  Vacancies on the board, except for a vacancy created
by the removal of a director, may be filled by a majority of the remaining
directors, though less than a quorum, or by a sole remaining director, and each
director so elected shall hold office until the next annual meeting and until
such director's successor has been elected and qualified.  A vacancy on the
board created by the removal of a director may only be filled by the vote of a
majority of the shares entitled to vote represented at a duly held meeting at
which a quorum is present, or by the written consent of the holders of all of
the outstanding shares.

The shareholders may elect a director or directors at any time to fill any
vacancy or vacancies not filled by the directors.  Any such election by written
consent other than to fill a vacancy created by removal requires the consent of
a majority of the outstanding shares entitled to vote.

Any director may resign effective upon giving written notice to the chairperson
of the board, the president, secretary, or the board, unless the notice
specifies a later time for the effectiveness of such resignation.  If the board
accepts the resignation of a director tendered to take effect at a future time,
the board or the shareholders shall have power to elect a successor to take
office when the resignation is to become effective.

A vacancy or vacancies on the board shall be deemed to exist in case of the
death, resignation or removal of any director, or if the authorized number of
directors is increased, or if the shareholders fail, at any annual or special
meeting of shareholders at which any director or directors are elected, to
elect the full authorized number of directors to be voted for at that meeting.

The board may declare vacant the office of a director who has been declared of
unsound mind by an order of court or convicted of a felony.

No reduction of the authorized number of directors shall have the effect of
removing any director prior to the expiration of the director's term of office.

SECTION 3.6.  PLACE OF MEETINGS.  Regular or special meetings of the board
shall be held at any place within or outside the state of California which has
been designated in the notice of meeting or if there is no notice, at the
principal executive office of the corporation, or at a place designated by
resolution of the board or by the written consent of the board.  Any regular or
special meeting is valid wherever held if held upon written consent of all
members of the board given either before or after the meeting and filed with
the secretary of the corporation.

SECTION 3.7.  REGULAR MEETINGS.  Immediately following each annual meeting of
shareholders, the board shall hold a regular meeting for the purpose of
organization, any desired election of officers and the transaction of other
business.  Notice of this meeting shall not be required.

Other regular meetings of the board shall be held without notice on the third
Wednesday of each month at the hour of 3:30 p.m., or at such different date and
time as the board may from time to time fix by resolution; provided, however,
should said day fall upon a legal holiday observed by the corporation at its
principal executive office, then said meeting shall be held at the same time
and place on the next succeeding full business day of the corporation.  Call
and notice of all regular meetings of the board are hereby dispensed with.

<PAGE>9

SECTION 3.8.  SPECIAL MEETINGS.  Special meetings of the board for any purpose
or purposes may be called at any time by the chairperson of the board, the
president, any vice president, the secretary or by any two directors.

Special meetings of the board shall be held upon four days' written notice by
mail or 48 hours' notice delivered personally or by telephone, telegraph, telex
or other similar means of communication.  Any such notice shall be addressed or
delivered to each director at the director's address as shown upon the records
of the corporation or as given to the corporation by the director for purposes
of notice or, if such address is not shown on such records or is not readily
ascertainable, at the place in which the meetings of the directors are
regularly held.  Such notice may, but need not, specify the purpose of the
meeting, or the place if the meeting is to be held at the principal executive
office of the corporation.

Notice by mail shall be deemed to have been given at the time a written notice
is deposited in the United States mails, postage prepaid.  Any other written
notice shall be deemed to have been given at the time it is personally
delivered to the recipient or is delivered to a common carrier for
transmission, or actually transmitted by the person giving the notice by
electronic means or by facsimile transmission, to the recipient.  Oral notice
shall be deemed to have been given at the time it is communicated, in person or
by telephone or wireless, to the recipient or to a person at the office of the
recipient whom the person giving the notice has reason to believe will promptly
communicate it to the recipient.

SECTION 3.9.  QUORUM.  A majority of the authorized number of directors
constitutes a quorum of the board for the transaction of business, except to
adjourn as hereinafter provided.  Every act or decision done or made by a
majority of the directors present at a meeting duly held at which a quorum is
present shall be regarded as the act of the board, unless a greater number be
required by the articles of incorporation and subject to the provisions of
Section 310 of the Code (as to approval of contracts or transactions in which a
director has a direct or indirect material financial interest) and Section
317(e) of the Code (as to indemnification of directors).  A meeting at which a
quorum is initially present may continue to transact business notwithstanding
the withdrawal of directors, if any action taken is approved by at least a
majority of the required quorum for such meeting.

SECTION 3.10.  PARTICIPATION IN MEETINGS BY CONFERENCE TELEPHONE.  Members of
the board may participate in a meeting through use of a conference telephone or
similar communications equipment, so long as all members participating in such
meeting can hear one another.  Participation in a meeting pursuant to this
Section 3.10 constitutes presence in person at such meeting.

SECTION 3.11.  WAIVER OF NOTICE.  Notice of a meeting need not be given to any
director who signs a waiver of notice or a consent to holding the meeting or an
approval of the minutes of the meeting, whether before or after the meeting, or
who attends the meeting without protesting, before the meeting or at its
commencement, the lack of notice to such director.  All such waivers, consents
or approvals shall be filed with the corporate records or made a part of the
minutes of the meeting.

SECTION 3.12.  ADJOURNMENT.  A majority of the directors present, whether or
not a quorum is present, may adjourn any directors' meeting to another time and
place.  Notice of the time and place of holding an adjourned meeting need not
be given, unless the meeting is adjourned for more than twenty-four hours, in
which case notice of the time and place shall be given before the time of the
adjourned meeting to the directors who were not present at the time of the
adjournment.


<PAGE>10

SECTION 3.13.  ACTION WITHOUT MEETING.  Any action required or permitted to be
taken by the board may be taken without a meeting if all members of the board
shall individually or collectively consent in writing to such action.  Such
written consent or consents shall be filed with the minutes of the proceedings
of the board.  Such action by written consent shall have the same effect as a
unanimous vote of the board.

SECTION 3.14.  FEES AND COMPENSATION.  Directors and members of committees may
receive such compensation, if any, for their services, and such reimbursement
for expenses, as may be fixed or determined by the board.  This Section 3.14
shall not be construed to preclude any director from serving the corporation in
any other capacity as an officer, agent, employee or otherwise, and receiving
compensation for those services.

SECTION 3.15.  RIGHTS OF INSPECTION.  Every director of the corporation shall
have the absolute right at any reasonable time to inspect and copy all books,
records and documents of every kind and to inspect the physical properties of
the corporation and also of its subsidiary corporations, domestic or foreign.
Such inspection by a director may be made in person or by agent or attorney,
and the right of inspection includes the right to copy and make extracts.

SECTION 3.16.  REMOVAL OF DIRECTOR WITHOUT CAUSE.  Any or all of the directors
of the corporation may be removed without cause if the removal is approved by
the outstanding shares, subject to the following:

(a)  Except if the corporation has a classified board, no director may be
     removed (unless the entire board is removed) when the votes cast against
     removal, or not consenting in writing to the removal, would be sufficient
     to elect the director if voted cumulatively at an election at which the
     same total number of votes were cast (or, if the action is taken by
     written consent, all shares entitled to vote were voted)  and the entire
     number of directors authorized at the time of the director's most recent
     election were then being elected.

(b)  When by the provisions of the articles the holders of the shares of any
     class or series, voting as a class or series, are entitled to elect one or
     more directors, any director so elected may be removed only by the
     applicable vote of the holders of the shares of that class or series.

(c)  When the corporation has a classified board, a director may not be removed
     if the votes cast against removal of the director, or not consenting in
     writing to the removal, would be sufficient to elect the director if voted
     cumulatively (without regard to whether shares may otherwise be voted
     cumulatively) at an election at which the same total number of votes were
     cast (or, if the action is taken by written consent, all shares entitled
     to vote were voted) and either the number of directors elected at the most
     recent annual meeting of shareholders, or if greater, the number of
     directors for whom removal is being sought, were then being elected.

SECTION 3.17.  REMOVAL OF DIRECTORS BY SHAREHOLDER'S SUIT.  The superior court
of the proper county may, at the suit of the shareholders holding at least 10
percent of the number of outstanding shares of any class, remove from office
any director in case of fraudulent or dishonest acts or gross abuse of
authority or discretion with reference to the corporation and may bar from
reelection any director so removed for a period prescribed by the court.  The
corporation shall be made a party to such action.


<PAGE>11

                              ARTICLE IV

                               OFFICERS

SECTION 4.1.  OFFICERS.  The officers of the corporation shall be a president,
a secretary and a chief financial officer.  The corporation may also have, at
the discretion of the board, a chairperson of the board, a vice chairperson of
the board, one or more vice presidents, one or more assistant secretaries, one
or more assistant financial officers and such other officers as may be elected
or appointed in accordance with the provisions of Section 4.3 of this Article
IV.  One person may hold two or more offices, except those of president and
secretary.

SECTION 4.2.  APPOINTMENT.  The officers of the corporation, except such
officers as may be appointed in accordance with the provisions of Section 4.3
or Section 4.5 of this Article IV, shall be chosen by, and shall serve at the
pleasure of, the board, and shall hold their respective offices until their
resignation, removal or other disqualification from service, or until their
respective successors shall be appointed, subject to the rights, if any, of an
officer under any contract of employment.

SECTION 4.3.  SUBORDINATE OFFICERS.  The board may appoint, or may empower the
president to appoint, such other officers as the business of the corporation
may require, each to hold office for such period, have such authority and
perform such duties as are provided in these bylaws or as the board may from
time to time determine.

SECTION 4.4.  REMOVAL AND RESIGNATION.  Subject to the rights, if any, of an
officer under any contract of employment, any officer may be removed, either
with or without cause, by the board at any time, or, except in the case of an
officer chosen by the board, by any officer upon whom such power of removal may
be conferred by the board.

Any officer may resign at any time by giving written notice to the corporation
without prejudice to the rights, if any, of the corporation under any contract
to which the officer is a party.  Any such resignation shall take effect at the
date of the receipt of such notice or at any later time specified therein; and,
unless otherwise specified therein, the acceptance of such resignation shall
not be necessary to make it effective.

SECTION 4.5.  VACANCIES.  A vacancy in any office because of death,
resignation, removal, disqualification or any other cause shall be filled in
the manner prescribed in these bylaws for regular appointment to such office.

SECTION 4.6.  CHAIRPERSON.  The chairperson of the board, if there shall be
such an officer, shall, if present, preside at all meetings of the board and
exercise and perform such other powers and duties as may be assigned from time
to time by the board.

SECTION 4.7.  VICE CHAIRPERSON.  The vice chairperson of the board, if there
shall be such an officer, shall, in the absence of the chairperson of the
board, preside at all meetings of the board and exercise and perform such other
powers and duties as may be assigned from time to time by the board.

SECTION 4.8.  PRESIDENT.  Subject to such powers, if any, as may be given by
the board to the chairperson of the board, if there shall be such an officer,
the president is the general manager and chief executive officer of the
corporation and has, subject to the control of the board, general supervision,


<PAGE>12

direction and control of the business and affairs of the corporation.  The
president shall preside at all meetings of the shareholders and in the absence
of both the chairperson of the board and the vice chairperson, or if there be
none, at all meetings of the board.  The president has the general powers and
duties of management usually vested in the office of president and chief
executive officer of a corporation and such other powers and duties as may be
prescribed by the board.

SECTION 4.9.  VICE PRESIDENT.  In the absence or disability of the president,
the vice presidents in order of their rank as fixed by the board or, if not
ranked, the vice president designated by the board, shall perform all the
duties of the president and, when so acting, shall have all the powers of, and
be subject to all the restrictions upon, the president.  The vice presidents
shall have such other powers and perform such other duties as from time to time
may be prescribed for them respectively by the bylaws, the board, the president
or the chairperson of the board.

SECTION 4.10.  SECRETARY.  The secretary shall keep or cause to be kept, at the
principal executive office or such other place as the board may order, a book
of minutes of all meetings of shareholders, the board and its committees, with
the time and place of holding, whether regular or special, and, if special, how
authorized, the notice or waivers of notice thereof given, the names of those
present at the board and committee meetings, the number of shares present or
represented at shareholders' meetings, and the proceedings thereof.

The secretary shall keep, or cause to be kept, a copy of the bylaws of the
corporation at the principal executive office or business office in accordance
with Section 213 of the Code.  The secretary shall keep, or cause to be kept,
at the principal executive office or at the office of the corporation's
transfer agent or registrar, if one is appointed, a record of its shareholders,
or a duplicate record of its shareholders, giving the names and addresses of
all shareholders and the number and class of shares held by each.

The secretary shall give, or cause to be given, notice of all the meetings of
the shareholders, of the board and of any committees thereof required by these
bylaws or by law to be given, shall keep the seal of the corporation in safe
custody, and shall have such other powers and perform such other duties as may
be prescribed by the board.

SECTION 4.11.  ASSISTANT SECRETARY.  The assistant secretary or the assistant
secretaries, in the order of their seniority, shall, in the absence or
disability of the secretary, or in the event of such officer's refusal to act,
perform the duties and exercise the powers of the secretary and shall have such
additional powers and discharge such duties as may be assigned from time to
time by the president or by the board.

SECTION 4.12.  CHIEF FINANCIAL OFFICER.  The chief financial officer shall keep
and maintain, or cause to be kept and maintained, adequate and correct books
and records of the properties and financial and business transactions of the
corporation, including accounts of its assets, liabilities, receipts,
disbursements, gains, losses, capital, retained earnings and shares, and shall
send or cause to be sent to the shareholders of the corporation such financial
statements and reports that by law or these bylaws are required to be sent to
them.  The books of account shall at all times be open to inspection by any
director of the corporation.

The chief financial officer shall deposit all monies and other valuables in the
name and to the credit of the corporation with such depositories as may be

<PAGE>12

designated by the board.  The chief financial officer shall disburse the funds
of the corporation as may be ordered by the board, shall render to the
president and directors, whenever they request it, an account of all
transactions engaged in as chief financial officer and of the financial
condition of the corporation, and shall have such other powers and perform such
other duties as may be prescribed by the board.

SECTION 4.13.  ASSISTANT FINANCIAL OFFICER.  The assistant financial officer or
the assistant financial officers, in the order of their seniority, shall, in
the absence or disability of the chief financial officer, or in the event of
such officer's refusal to act, perform the duties and exercise the powers of
the chief financial officer, and shall have such additional powers and
discharge such duties as may be assigned from time to time by the president or
by the board.

SECTION 4.14.  SALARIES.  The salaries of the officers shall be fixed from time
to time by the board and no officer shall be prevented from receiving such
salary by reason of the fact that such officer is also a director of the
corporation.

SECTION 4.15.  OFFICERS HOLDING MORE THAN ONE OFFICE.  Any two or more offices,
except those of president and secretary, may be held by the same person, but no
officer shall execute, acknowledge or verify any instrument in more than one
capacity.

SECTION 4.16.  INABILITY TO ACT.  In the case of absence or inability to act of
any officer of the corporation and of any person herein authorized to act in
his or her place, the board may from time to time delegate the powers or duties
of such officer to any other officer, or any director or other person whom it
may select.

                               ARTICLE V

                            INDEMNIFICATION

SECTION 5.1.  DEFINITIONS.  For use in this Article V, certain terms are
defined as follows:

(a)  "Agent":  A director, officer, employee or agent of the corporation or a
     person who is or was serving at the request of the corporation as a
     director, officer, employee or agent of another foreign or domestic
     corporation, partnership, joint venture, trust, or other enterprise
     (including service with respect to employee benefit plans and service on
     creditors' committees with respect to any proceeding under the Bankruptcy
     Code, assignment for the benefit of creditors or other liquidation of
     assets of a debtor of the corporation), or a person who was a director,
     officer, employee or agent of a foreign or domestic corporation which was
     a predecessor corporation of the corporation or of another enterprise at
     the request of the predecessor corporation.

(b)  "Loss":  All expenses, liabilities, and losses including attorneys' fees,
     judgments, fines, ERISA excise taxes and penalties, amounts paid or to be
     paid in settlement, any interest, assessments, or other charges imposed
     thereon, and any federal, state, local, or foreign taxes imposed on any
     Agent as a result of the actual or deemed receipt of any payments under
     this Article.

(c)  "Proceeding": Any threatened, pending or completed action, suit or
     proceeding including any and all appeals, whether civil, criminal,
     administrative or investigative.


<PAGE>14

SECTION 5.2.  RIGHT TO INDEMNIFICATION.  Each person who was or is a party or
is threatened to be made a party to or is involved (as a party, witness or
otherwise) in any Proceeding, by reason of the fact that he or she, or a person
of whom he or she is the legal representative, is or was an Agent, is entitled
to indemnification.  Agent shall be indemnified and held harmless by the
corporation to the fullest extent authorized by law.  The right to
indemnification conferred in this Article V shall be a contract right.  It is
the corporation's intention that these bylaws provide indemnification in excess
of that expressly permitted by Section 317 of the Code, as authorized by the
corporation's articles of incorporation.

SECTION 5.3.  AUTHORITY TO ADVANCE EXPENSES.  The right to indemnification
provided in Section 5.2 of these bylaws shall include the right to be paid, in
advance of a Proceeding's final disposition, expenses incurred in defending
that Proceeding, PROVIDED, HOWEVER, that if required by the California General
Corporation Law, as amended, the payment of expenses in advance of the final
disposition of the Proceeding shall be made only upon delivery to the
corporation of an undertaking by or on behalf of the Agent to repay such amount
if it shall ultimately be determined that he or she is not entitled to be
indemnified by the corporation as authorized under this Article V or otherwise.
The Agent's obligation to reimburse the corporation for advances shall be
unsecured and no interest shall be charged thereon.

SECTION 5.4.  RIGHT OF CLAIMANT TO BRING SUIT.  If a claim under Section 5.2 or
5.3 of these bylaws is not paid in full by the corporation within thirty (30)
days after a written claim has been received by the corporation, the claimant
may at any time there-after bring suit against the corporation to recover the
unpaid amount of the claim and, if successful in whole or in part, the claimant
shall be entitled to be paid also the expenses (including attorneys' fees) of
prosecuting such claim.  It shall be a defense to any such action (other than
an action brought to enforce a claim for expenses incurred in defending a
Proceeding in advance of its final disposition) that the claimant has not met
the standards of conduct that make it permissible under the California General
Corporation Law for the corporation to indemnify the claimant for the amount
claimed.  The burden of proving such a defense shall be on the corporation.
Neither the failure of the corporation (including its board of directors,
independent legal counsel, or its shareholders) to have made a determination
prior to the commencement of such action that the indemnification of the
claimant is proper under the circumstances because he or she has met the
applicable standard of conduct set forth in the California General Corporation
Law, nor an actual determination by the corporation (including its board of
directors, independent legal counsel, or its shareholders) that the claimant
has not met such applicable standard of conduct, shall be a defense to the
action or create a presumption that claimant has not already met the applicable
standard of conduct.

SECTION 5.5.  PROVISIONS NONEXCLUSIVE.  The rights conferred on any person by
this Article V shall not be exclusive of any other rights that such person may
have or hereafter acquire under any statute, provision of the articles of
incorporation, agreement, vote of shareholders or disinterested directors, or
otherwise, both as to action in an official capacity and as to action in
another capacity while holding such office.  To the extent that any provision
of the articles of incorporation, agreement, or vote of the shareholders or
disinterested directors is inconsistent with these bylaws, the provision,
agreement, or vote shall take precedence.

SECTION 5.6.  AUTHORITY TO INSURE.  The corporation may purchase and maintain
insurance to protect itself and any Agent against any Loss asserted against or
incurred by such person, whether or not the corporation would have the power to

<PAGE>15

indemnify the Agent against such Loss under applicable law or the provisions of
this Article V.  If the corporation owns all or a portion of the shares of the
company issuing the insurance policy, the company and/or the policy must meet
one of the two sets of conditions set forth in Section 317 of the Code.

SECTION 5.7.  SURVIVAL OF RIGHTS.  The rights provided by this Article V shall
continue as to a person who has ceased to be an Agent and shall inure to the
benefit of the heirs, executors, and administrators of such person.

SECTION 5.8.  SETTLEMENT OF CLAIMS.  The corporation shall not be liable to
indemnify any Agent under this Article V: (a) for any amounts paid in
settlement of any action or claim effected without the corporation's written
consent, which consent shall not be unreasonably withheld; or (b) for any
judicial award, if the corporation was not given a reasonable and timely
opportunity, at its expense, to participate in the defense of such action.

SECTION 5.9.  EFFECT OF AMENDMENT.  Any amendment, repeal or modification of
this Article V shall not adversely affect any right or protection of any Agent
existing at the time of such amendment, repeal or modification.

SECTION 5.10.  SUBROGATION.  Upon payment under this Article V, the corporation
shall be subrogated to the extent of such payment to all of the rights of
recovery of the Agent, who shall execute all papers required and shall do
everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable the corporation effectively to bring suit
to enforce such rights.

SECTION 5.11.  NO DUPLICATION OF PAYMENTS.  The corporation shall not be liable
under this Article V to make any payment in connection with any claim made
against the Agent to the extent the Agent has otherwise actually received
payment (under any insurance policy, agreement, vote or otherwise) of the
amounts otherwise indemnifiable hereunder.


                              ARTICLE VI

                           OTHER PROVISIONS

SECTION 6.1.  INSPECTION OF CORPORATE RECORDS.

(a)  A shareholder or shareholders of the corporation holding at least five
     percent (5%) in the aggregate of the outstanding voting shares of the
     corporation or who hold at least one percent (1%) of the outstanding
     voting shares and have filed a Schedule 14B with the United States
     Securities and Exchange Commission relating to the election of directors
     of the corporation shall have an absolute right to do either or both of
     the following:

     (i)   inspect and copy the record of shareholders' names and addresses and
           shareholdings during usual business hours upon five business days'
           prior written demand upon the corporation; or

     (ii)  obtain from the transfer agent, if any, for the corporation, upon
           written demand and upon the tender of its usual charges for such a

<PAGE>16

           list (the amount of which charges shall be stated to the shareholder
           by the transfer agent upon request), a list of the shareholders'
           names and addresses who are entitled to vote for the election of
           directors and their shareholdings, as of the most recent record date
           for which it has been compiled, or as of a date specified by the
           shareholder subsequent to the date of demand.  The corporation shall
           have a responsibility to cause the transfer agent to comply with
           this Section 6.1;

(b)  The record of shareholders shall also be open to inspection and copying by
     any shareholder or holder of a voting trust certificate at any time during
     usual business hours upon written demand on the corporation, for a purpose
     reasonably related to such holder's interest as a shareholder or holder of
     a voting trust certificate.  A written demand for such inspection shall be
     accompanied by a statement in reasonable detail of the purpose of the
     inspection.

(c)  The accounting books and records and minutes of proceedings of the
     shareholders and the board and committees of the board shall be open to
     inspection upon written demand on the corporation by any shareholder or
     holder of a voting trust certificate at any reasonable time during usual
     business hours, for a purpose reasonably related to such holder's interest
     as a shareholder or as a holder of such voting trust certificate.  The
     right of inspection created by this Section 6.1(c) shall extend to the
     records of each subsidiary of the corporation.  A written demand for such
     inspection shall be accompanied by a statement in reasonable detail of the
     purpose of the inspection.

(d)  Any inspection and copying under this Section 6.1 may be made in person or
     by agent or attorney.

SECTION 6.2.  INSPECTION OF BYLAWS.  The corporation shall keep at its
principal executive office in California the original or a copy of these bylaws
as amended to date, which shall be open to inspection by shareholders at all
reasonable times during office hours.

SECTION 6.3.  EXECUTION OF DOCUMENTS, CONTRACTS.  Subject to the provisions of
applicable law, any note, mortgage, evidence of indebtedness, contract, share
certificate, initial transaction statement or written statement, conveyance or
other instrument in writing and any assignment or endorsement thereof executed
or entered into between the corporation and any other person, when signed by
the chairperson of the board, the president or any vice president and the
secretary, any assistant secretary, the chief financial officer or any
assistant financial officer of the corporation, or when stamped with a
facsimile signature of such appropriate officers in the case of share
certificates, shall be valid and binding upon the corporation in the absence of
actual knowledge on the part of the other person that the signing officers did
not have authority to execute the same.  Any such instruments may be signed by
any other person or persons and in such manner as from time to time shall be
determined by the board, and unless so authorized by the board, no officer,
agent or employee shall have any power or authority to bind the corporation by
any contract or engagement or to pledge its credit or to render it liable for
any purpose or amount.

SECTION 6.4.  CERTIFICATES OF STOCK.  Every holder of shares of the corporation
shall be entitled to have a certificate signed in the name of the corporation
by the chairperson or the vice chairperson of the board or the president or a
vice president and by the secretary or an assistant secretary or the chief
financial officer or an assistant financial officer, certifying the number of
shares and the class or series of shares owned by the shareholder.  The
signatures on the certificates may be facsimile signatures.  If any officer,

<PAGE>17

transfer agent or registrar who has signed a certificate or whose facsimile
signature has been placed upon the certificate shall have ceased to be such
officer, transfer agent or registrar before such certificate is issued, it may
be issued by the corporation with the same effect as if such person were an
officer, transfer agent or registrar at the date of issue.

Except as provided in this Section 6.4, no new certificate for shares shall be
issued in lieu of an old certificate unless the latter is surrendered and
cancelled at the same time.  The board may, however, in case any certificate
for shares is alleged to have been lost, stolen or destroyed, authorize the
issuance of a new certificate in lieu thereof, and the corporation may require
that the corporation be given a bond or other adequate security sufficient to
indemnify it against any claim that may be made against it (including any
expense or liability) on account of the alleged loss, theft or destruction of
such certificate or the issuance of such new certificate.

Prior to the due presentment for registration of transfer in the stock transfer
book of the corporation, the registered owner shall be treated as the person
exclusively entitled to vote, to receive notifications and otherwise to
exercise all the rights and powers of an owner, except as expressly provided
otherwise by the laws of the state of California.

SECTION 6.5.  REPRESENTATION OF SHARES OF OTHER CORPORATIONS.  The president or
any other officer or officers authorized by the board or the president are each
authorized to vote, represent and exercise on behalf of the corporation all
rights incident to any and all shares or other securities of any other
corporation or corporations standing in the name of the corporation.  The
authority herein granted may be exercised either by any such officer in person
or by any other person authorized to do so by proxy or power of attorney duly
executed by said officer.

SECTION 6.6.  SEAL.  The corporate seal of the corporation shall consist of two
concentric circles, between which shall be the name of the corporation, and in
the center shall be inscribed the word "Incorporated" and the date of its
incorporation.

SECTION 6.7.  FISCAL YEAR.  The fiscal year of the corporation shall begin on
the first day of January and end on the 31st day of December of each year.

SECTION 6.8.  CONSTRUCTION AND DEFINITIONS.  Unless the context otherwise
requires, the general provisions, rules of construction and definitions
contained in the Code and the California General Corporation Law shall govern
the construction of these bylaws.  Without limiting the generality of this
provision, the singular number includes the plural, the plural number includes
the singular, and the term "person" includes both a corporation and a natural
person.

SECTION 6.9.  BYLAW PROVISIONS CONTRARY TO OR INCONSISTENT WITH PROVISIONS OF
LAW.  Any article, section, subsection, subdivision, sentence, clause or phrase
of these bylaws which, upon being construed in the manner provided in this
Section 6.9, shall be contrary to or inconsistent with any applicable provision
of the Code or other applicable laws of the state of California or of the
United States shall not apply so long as said provisions of law shall remain in
effect, but such result shall not affect the validity or applicability of any
other portions of these bylaws, it being hereby declared that these bylaws
would have been adopted and each article, section, subsection, subdivision,
sentence, clause or phrase thereof, irrespective of the fact that any one or
more articles, sections, subsections, subdivisions, sentences, clauses or
phrases is or are illegal.


<PAGE>18

                              ARTICLE VII

                              AMENDMENTS

SECTION 7.1.  AMENDMENT BY SHAREHOLDERS.  New bylaws may be adopted or these
bylaws may be amended or repealed by the vote or written consent of holders of
a majority of the outstanding shares entitled to vote; provided, however, that
if the articles of incorporation of the corporation set forth the number of
authorized directors of the corporation, the authorized number of directors may
be changed only by an amendment of the articles of incorporation and provided
also that a bylaw reducing the fixed number or the minimum number of directors
to a number less than five cannot be adopted if the votes cast against adoption
at a meeting, or the shares not consenting in the case of action by written
consent, are equal to more than 16 2/3 percent of the outstanding shares
entitled to vote.

SECTION 7.2.  AMENDMENT BY DIRECTORS.  Subject to the rights of the
shareholders as provided in Section 7.1 of this Article VII, bylaws, other than
a bylaw specifying or changing a fixed number of directors or the maximum or
minimum number or changing from a fixed to a variable board or vice versa, may
be adopted, amended or repealed by the board.


<PAGE>19

                       CERTIFICATE OF SECRETARY



I, the undersigned, do hereby certify:


1.   That I am the duly elected and acting secretary of Humboldt Bancorp, a
California corporation; and

2.   That the foregoing Bylaws, comprising 22 pages, constitute the Bylaws of
Humboldt Bancorp as duly adopted by action of the board of directors of
Humboldt Bancorp duly taken on, February __, 1995.



                           _____________________________________
                                 Alan J. Smyth, Secretary