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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549
                                       
                                 FORM 10-Q/A-1
                                       
                                       
[X]  AMENDMENT NO 1 TO QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
     SECURITIES EXCHANGE ACT OF 1934    For the quarterly period ended
     June 30, 1998.
     
     Amendment No. 1 is filed to correct a typographical error in the Available-
     for-Sale Securities table under Note 3 - page 8 of the Form 10-Q filed
     with the Securities and Exchange Commission on July 30, 1998.

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
     EXCHANGE ACT OF 1934
     For the transition period from _________________ to ___________________.


                       COMMISSION FILE NUMBER  000-23815
                                               ---------

                                REGENCY BANCORP
                                ---------------
            (Exact name of registrant as specified in its charter)
                                       
                CALIFORNIA                              77-0378956
                ----------                              ----------
      (State or other jurisdiction of                (I.R.S. Employer
      Incorporation or organizations)               Identification No.)

     7060 N. FRESNO STREET, FRESNO, CALIFORNIA              93720
     -----------------------------------------              -----
      (Address of principal executive offices)            (Zip code)


     REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE    (209) 438-2600.
                                                         ----------------

                                     None
                                     ----
                                       
   (Former name, former address and fiscal year, if changed since last report)


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for the shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.  Yes   X    No     .
                                                ---       ---

As of July 28,1998, the registrant had 2,624,374 shares of Common Stock
outstanding.

The Exhibit Index is located on page 37.

This report contains a total of 47 pages of which this is page one.


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of this Statement will not impact the Company's consolidated financial 
position, results of operations or cash flows.

NOTE 3. - INVESTMENT SECURITIES

     During the period between December 31, 1997, and June 30, 1998, the 
Company recorded a net increase in the value of its available-for-sale 
portfolio of $10,000 net of applicable taxes.  This change is reflected as a 
change in shareholders' equity in the Consolidated Statement of Shareholders' 
Equity.

Following is a comparison of the amortized cost and approximate fair value of 
securities available-for-sale:

<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------------------
AVAILABLE-FOR-SALE SECURITIES                      JUNE 30, 1998                                 DECEMBER 31, 1997
-------------------------------------------------------------------------------------------------------------------------
                                      Amortized                        Fair                Amortized               Fair
(In thousands)                             Cost                       Value                     Cost               Value
-------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>                           <C>                    <C>                   <C>
U.S. Treasuries                         $ 2,000                     $ 2,002                  $ 2,007             $ 2,012
U.S. Government Agencies                 16,449                      16,520                   17,431              17,489
Mortgage-backed securities               11,157                      11,258                   11,541              11,647
State and Political Subdivisions          6,909                       7,104                    5,441               5,624
Equity Securities                           214                         214                      214                 214
-------------------------------------------------------------------------------------------------------------------------
Total                                   $36,729                     $37,098                  $36,634             $36,986
-------------------------------------------------------------------------------------------------------------------------
</TABLE>

At June 30, 1998 and December 31, 1997, the Company held no securities
classified as held-to-maturity.


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                                  SIGNATURES
                                       
                                       

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.




                                   REGENCY BANCORP



Date: August 7, 1998           By: /s/ STEVEN F. HERTEL
                                   --------------------
                                   Steven F. Hertel
                                   President and Chief Executive Officer
                                   (Principal Executive Officer)



Date: August 7, 1998
                               By: /s/ STEVEN R. CANFIELD
                                   ----------------------
                                   Steven R. Canfield
                                   Executive Vice President and
                                   Chief Financial Officer (Principal
                                   Financial and Accounting Officer)


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