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                                                                   EXHIBIT 10.10
                                 LIFE INSURANCE

                      ENDORSEMENT METHOD SPLIT DOLLAR PLAN

                                    AGREEMENT

Insurer/Policy Number:      Beneficial Life Insurance Company/BL2114939
                            Northwestern Mutual Life Insurance Company/16232160

Bank:                       Southwest Community Bank

Insured:                    Stuart F. McFarland

Relationship of Insured to Bank: Executive Officer

Date:                       January 6, 2003

The respective rights and duties of the Bank and the Insured in the above
policy(ies) (the "Policy" or Policies) shall be as follows:

I.       DEFINITIONS

         Refer to the Policy provisions for the definition of all terms in this
Agreement.

II.      POLICY TITLE AND OWNERSHIP

         Title and ownership shall reside in the Bank for its use and for the
         use of the Insured all in accordance with this Agreement. The Bank
         alone may, to the extent of its interest, exercise the right to borrow
         or withdraw the Policy cash values. Where the Bank and the Insured (or
         the Insured's beneficiary[ies] or assignee[s], with the consent of the
         Insured) mutually agree to exercise the right to increase the coverage
         under the subject split dollar Policy, then, in such event, the rights,
         duties and benefits of the parties to such increased coverage shall
         continue to be subject to the terms of this Agreement.

III.     BENEFICIARY DESIGNATION RIGHTS

         The Insured (or beneficiary[ies] or assignee[s]) shall have the right
         and power to designate a beneficiary or beneficiaries to receive his
         share of the proceeds payable upon the death of the Insured, and to
         elect and change a payment option for such beneficiary, subject to any
         right or interest the Bank may have in such proceeds, as provided in
         this Agreement.

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IV.      PREMIUM PAYMENT METHOD

         The Bank shall pay an amount equal to the planned premiums and any
         other premium payments that might become necessary to maintain the
         Policy in force.

V.       TAXABLE BENEFIT

         Annually the Insured will receive a taxable benefit equal to the
         assumed cost of insurance as required by the internal Revenue Service
         plus the amount of any taxes paid and taxes on taxes paid (collectively
         "Taxes") related to the receipt of such benefit ("gross-up") based on
         the Table below, or as adjusted based on then prevailing income tax
         rates:

<TABLE>
<CAPTION>
FEDERAL TAX         STATE TAX         FICA TAX          MEDICARE TAX

   RATE               RATE              RATE               RATE
   ----               ----              ----               ----
<S>                 <C>               <C>               <C>
   39.60%             9.30%             7.65%*'            1.45%
</TABLE>

*The Social Security portion of the FICA tax only applies in years where the
Employee has not otherwise reached the maximum tax. The Medicare tax only
applies in years where the Employee has otherwise reached the maximum
non-Medicare portion of the FICA tax.

         The Bank (or its administrator) will report to the Insured the amount
         of imputed income received each year on Form W-2 or its equivalent.

VI.      DIVISION OF DEATH PROCEEDS

         Subject to Paragraph VII herein, the division of the death proceeds of
         the Policies is as follows:

1.       If death occurs on or before the attainment of age seventy (70), the
         Insured's beneficiary(ies), (designated in accordance with Paragraph
         III), shall be entitled to an amount equal to the lesser of $500,000,
         or one hundred percent (100%) of the net at risk insurance portion of
         the proceeds. If death occurs after age seventy (70) but on or before
         age eighty (80), the Insured's beneficiaries shall be entitled to the
         lesser of $350,000, or one hundred percent (100%) of the net at risk
         insurance proceeds. If death occurs after age eighty (80), the
         Insured's beneficiaries shall be entitled to the lesser of $200,000, or
         one hundred percent (100%) of the net at risk insurance proceeds. The
         net at risk insurance portion is the total proceeds less the cash value
         of the Policy.

2.       Payment of the death benefit determined by the preceding paragraph
         shall be made and distributed from the Policies in the following order,
         with resort to each succeeding policy only to the extent that the
         proceeds of each prior listed Policy are insufficient to satisfy the
         specified death benefit in full: (a) Northwestern Mutual Life/16232160
         (b) Beneficial Life/BL2114939.

                                       2
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3.       The Bank and the Insured (or the Insured's beneficiary[ies] or
         assignee[s]) shall share in any interest due on the death proceeds on a
         pro rata basis in the ratio that the proceeds due the Bank and the
         Insured, respectively, bears to the total proceeds, excluding any such
         interest.

4.       In the event that the Policy is terminated other than as a result of
         (a) a termination of this Agreement pursuant to paragraph X or (b) any
         intentional act of the Insured which results in the termination of the
         Policy, then the Bank shall pay to the Insured's beneficiary(ies) an
         amount which will provide a total after-tax death benefit equal to the
         benefit that the Insured would have received if the Policy had not been
         terminated.

VII.     DIVISION OF CASH SURRENDER VALUE

         The Bank shall at all times be entitled to an amount equal to the
         Policy's cash value, as that term is defined in the Policy, less any
         Policy loans and unpaid interest or cash withdrawals previously
         incurred by the Bank and any applicable Policy surrender charges. Such
         cash value shall be determined as of the date of surrender of the
         Policy or death of the Insured as the case may be.

VIII.    PREMIUM WAIVER

         If the Policy contains a premium waiver provision, any such waived
         amounts shall be considered for all purposes of this Agreement as
         having been paid by the Bank.

IX.      RIGHTS OF PARTIES WHERE POLICY ENDOWMENT OR ANNUITY ELECTION EXISTS

         In the event the Policy involves an endowment or annuity element, the
         Bank's right and interest in any endowment proceeds or annuity benefits
         shall be determined under the provisions of this Agreement by regarding
         such endowment proceeds or the commuted value of such annuity benefits
         as the Policy's cash value. Such endowment proceeds or annuity benefits
         shall be treated like death proceeds for the purposes of division under
         this Agreement.

X.        TERMINATION OF AGREEMENT

         This Agreement shall terminate at the option of the Bank following
         thirty (30) days written notice to the Insured upon the happening of
         any one of the following:

1.       The Insured's right to receive benefits under that certain Executive
         Supplemental Compensation Agreement effective as of October 1, 2002
         shall terminate for any reason other than the Insured's death, or

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2.       The Insured shall be discharged from service with the Bank for cause.
         The term "for cause" shall mean:

                  (a)      The Insured's deliberate violation of (i) any state
         or federal banking or securities laws, or of the Bylaws, rules,
         policies or resolutions of the Bank, or (ii) of the rules or
         regulations of the California Department of Financial Institutions, the
         Federal Deposit Insurance Corporation, the Federal Reserve Board of
         Governors, the Office of the Comptroller of the Currency or any other
         regulatory agency or governmental authority having jurisdiction over
         the Employer, which has a material adverse effect upon the Bank; or

                  (b)      The Insured's conviction of (i) any felony or (ii) a
         crime involving moral turpitude or a fraudulent or dishonest act which,
         in each case, has a material adverse effect on the Insured.

         Upon such termination, the Insured (or the Insured's beneficiary[ies]
         or assignee[s]) shall have a ninety (90) day option to receive from the
         Bank an absolute assignment of the Policy[ies) in consideration of a
         cash payment to the Bank, whereupon this Agreement shall terminate.
         Such cash payment shall be an amount equal to the Policy's[ies'] cash
         value, as that term is defined in such Policy[ies], and shall not take
         into account any amount of premiums that have been paid by the Bank:

                           (i)      The Bank's share of the cash value of the
         Policy on the date of such assignment, as defined in this Agreement.

                           (ii)     The amount of the premiums which have been
         paid by the Bank prior to the date of such assignment.

         Should the Insured (or the Insured's beneficiary[ies] or assignee[s])
         fail to exercise this option within the prescribed ninety (90) day
         period, the Insured (or the Insured's beneficiary[ies] or assignee[s])
         agrees that all of his or her rights, interest and claims in the Policy
         shall terminate as of the date of the termination of this Agreement.

         Except as provided above, this Agreement shall terminate upon
         distribution of the death benefit proceeds in accordance with Paragraph
         VI above.

XI.      INSURED'S OR ASSIGNEE'S ASSIGNMENT RIGHTS

         Except as otherwise provided in Paragraph III above, the Insured may
         not, without the prior written consent of the Bank, assign to any
         individual, trust or other organization, any right, title or interest
         in the Policy nor any rights, options, privileges or duties created
         under this Agreement.

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XII.     AGREEMENT BINDING UPON THE PARTIES

         This Agreement shall be binding upon the Insured and the Bank, and
         their respective heirs, successors, personal representatives and
         assigns, as applicable.

XIII.    NAMED FIDUCIARY AND PLAN ADMINISTRATOR

         The Bank is hereby designated the "Named Fiduciary" until resignation
         or removal by its Board of Directors. As Named Fiduciary, the Bank
         shall be responsible for the management, control, and administration of
         this Agreement as established herein. The Named Fiduciary may allocate
         to others certain aspects of the management and operations
         responsibilities of this Agreement, including the employment of
         advisors and the delegation of any ministerial duties to qualified
         individuals.

XIV.     FUNDING POLICY

         The funding Policy for this Agreement shall be to maintain the Policy
         in force by paying, when due, all premiums required.

XV.      CLAIM PROCEDURES

         Claim forms or claim information as to the subject Policy[ies] can be
         obtained by contacting The Benefit Marketing Group, Inc.
         (770-952-1529). When the Named Fiduciary has a claim which may be
         covered under the provisions described in the Policy[ies], it should
         contact the office named above, and they will either complete a claim
         form and forward it to an authorized representative of the Insurer or
         advise the named Fiduciary what further requirements are necessary. The
         Insurer will evaluate and make a decision as to payment. If the claim
         is payable, a benefit check will be issued to the Named Fiduciary.

         In the event that a claim is not eligible under the Policy[ies], the
         Insurer will notify the Named Fiduciary of the denial pursuant to the
         requirements under the terms of the Policy[ies]. If the Named Fiduciary
         is dissatisfied with the denial of the claim and wishes to contest such
         claim denial, it should contact the office named above and they will
         assist in making inquiry to the Insurer. All objections to the
         Insurer's actions should be in writing and submitted to the office
         named above for transmittal to the Insurer.

XVI.     GENDER

         Whenever in this Agreement words are used in the masculine or neuter
         gender, they shall be read and construed as in the masculine, feminine
         or neuter gender, whenever they should so apply.

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XVII.    INSURANCE COMPANY NOT A PARTY TO THIS AGREEMENT

         The Insurer shall not be deemed a party to this Agreement, but will
         respect the rights of the parties as set forth herein upon receiving an
         executed copy of this Agreement. Payment or other performance in
         accordance with the Policy[ies provisions shall fully discharge the
         Insurer from any and all liability.

IN WITNESS WHEREOF, the Insured and a duly authorized Bank officer have signed
this Agreement as of the above written date.

SOUTHWEST COMMUNITY BANK                     INSURED

/s/ Frank J. Mercardante                     /s/ Stuart F. McFarland
--------------------------------             -----------------------------------
Frank J. Mercardante                         Stuart F. McFarland

                                       6
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                          BENEFICIARY DESIGNATION FORM

Primary Designation:

<TABLE>
<CAPTION>
         Name                                           Relationship
-----------------------                                 ------------
<S>                                               <C>
Michelle J. McFarland                             Wife

Contingent Designation:

-----------------------------                     ------------------------------

-----------------------------                     ------------------------------

-----------------------------                     ------------------------------
</TABLE>

January 6, 2003

Signed:  /s/ Stuart F. McFarland
         --------------------------------------
         Stuart F. McFarland

                                       7
Exhibit 10.10
<PAGE>

BENEFICIARY DESIGNATION FORM

PRIMARY DESIGNATION:

<TABLE>
<CAPTION>
                   NAME                                 RELATIONSHIP
---------------------------------------------           ------------
<S>                                               <C>
Stuart F. McFarland and Michelle J. McFarland     Trust
as trustees under the S&M McFarland Family        ------------------------------
Trust dated 12-22-2002.

CONTINGENT DESIGNATION:

--------------------------------                  ------------------------------

--------------------------------                  ------------------------------

--------------------------------                  ------------------------------
</TABLE>

February 6, 2003

Signed: /s/ Stuart F. McFarland
        -------------------------------------
        Stuart F. McFarland

Exhibit 10.10