|Exhibit
3.2


BY-LAWS


OF


CENTRAL
COAST BANCORP


(A
California Corporation)


ARTICLE
I


Offices

Section
1. Principal Office. The principal executive office in the State of California for the
transaction of the business of the corporation (called the principal office) shall be 301
Main Street, Salinas, California in the County of Monterey. Subject to applicable
regulatory authorization therefor, the Board of Directors
shall have the authority from time to time to change the principal office from one
location to another within the State by amending this Section 1 of the By-Laws.

Section
2. Other Offices. Upon applicable regulatory authorization
therefor, one or more branches or other subordinate offices may at any time be
fixed and located by the Board of Directors at such place or places within the
State of California as it deems appropriate.


ARTICLE
II


Meeting of
Shareholders

Section
3. Place of Meetings. Meetings of the shareholders shall be held
at any place within the State of California that may be designated either by the
Board of Directors in accordance with these By-Laws, or by the written consent
of all persons entitled to vote at the meeting, given either before or after the
meeting and filed with the Secretary of the corporation. If no such designation
is made, the meetings shall be held at the principal office of the corporation.

Section
4. Annual Meetings. The annual meeting of the shareholders shall be held on the third
Thursday in April in each year, if not a legal holiday, and if a legal holiday, then on
the next succeeding business day, at the hour of 5:30 P.M., at which time the
shareholders shall elect a Board of Directors, consider
reports of the affairs of the corporation, and transact such other business as may
properly be brought before the meeting.

If
the annual meeting of shareholders shall not be held on the date above
specified, the Board of Directors shall cause such a meeting to be held as soon
thereafter as convenient and any business transacted or election held at such
meeting shall be as valid as if transacted or held at an annual meeting on the
date above specified. Notice of proposals which shareholders intend to present
at any annual meeting of shareholders and wish to be included in the proxy
statement of management of the corporation distributed in connection with such
annual meeting must be received at the principal executive offices of the
corporation not less than 120 days prior to the date on which, during the
previous year, managements proxy statement for the previous years
annual meeting was first distributed to shareholders. Any such proposal, and the
proponent shareholder, must comply with the eligibility requirements set forth
in Rule 14a-8 of the Securities and Exchange Commission.

Section
5. Special Meetings. Special meetings of the shareholders, for any purpose or purposes
whatsoever, may be called at any time by a majority of the Board of Directors, Chairman
of the Board of Directors, the President, or by holders of shares entitled to cast not
less than 10 percent (10%)of the votes at the meeting.

Section
6. Notice of Shareholders Meetings. Whenever shareholders
are required or permitted to take any action at a meeting, a written notice of
the meeting shall be given not less than 10 (or, if sent by third class mail,
30) nor more than 60 days before the date of the meeting to each shareholder
entitled to vote thereat. Such notice shall state the place, date and hour of
the meeting and (1) in the case of a special meeting, the general nature of the
business to be transacted, and no other business may be transacted, or (2) in
the case of the annual meeting, those matters which the Board of Directors, at
the time of the mailing of the notice, intends to present for action by the
shareholders, but subject to the provisions of Section 601(f) of the California
Corporations Code, 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 management for election.

Notice
of a shareholders meeting shall be given either personally or by
first-class mail, or, if the corporation has outstanding shares held of record
by 500 or more persons (determined as provided in Section 605 of the California
Corporations Code) on the record date for the shareholders meeting, notice
may be sent by third-class mail, or other means of written communication,
addressed to the shareholder at the address of such shareholder appearing on the
books of the corporation or given by the shareholder to the corporation for the
purpose of notice; or if no such address appears or is given, at the place where
the principal office of the corporation is located. The notice shall be deemed
to have been given at the time when delivered personally or deposited in the
mail or sent by other means of written communication.

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 office of the corporation for a period of one year
from the date of the giving of the notice to all other shareholders.

Upon
request in writing to the Chairman of the Board of Directors, the President, a
Vice President or the Secretary by any person entitled to call a special meeting
of shareholders, the officer forthwith shall cause notice to be 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 the receipt of the request.

Section
7. Quorum. The presence at any meeting, in person or by proxy, of the persons entitled
to vote a majority of the voting shares of the corporation shall constitute a quorum for
the transaction of business. Shareholders present at a valid meeting at which a quorum
is initially present may continue to do 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 persons voting more than 25
percent of the voting shares.

Section
8. Adjourned Meeting. Any annual or special shareholders
meeting may be adjourned from time to time, even though a quorum is not present,
by vote of the holders of a majority of the voting shares present at the meeting
either in person or by proxy, provided that in the absence of a quorum, no other
business may be transacted at the meeting except as provided in Section 7 of
these by-laws.

Notice
need not be given of the adjourned meeting if the time and place thereof are
announced at the meeting at which the adjournment is taken. At the adjourned
meeting, any business may be transacted which might have been transacted at the
original meeting. If the adjournment is for more than 45 days or if after the
adjournment a new record date is fixed for the adjourned meeting, a notice of
the adjourned meeting shall be given to each shareholder of record entitled to
vote at the meeting.

Section
9. Waiver or Consent by Shareholders. 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, 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 and
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 Section 6 of these By-Laws or Section
601(f) of the California Corporations 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 thereof, except as
provided in Section 601(f) of the California Corporations Code.

Section
10. Action Without Meeting . 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, shall be signed by the holders of outstanding shares 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, except that unanimous written consent shall be required for election
of directors to non-vacant positions.

Unless
the consents of all shareholders entitled to vote have been solicited or
received in writing, notice shall be given to non-consenting shareholders to the
extent required by Section 603(b) of the California Corporations Code.

Any
shareholder giving written consent, or the shareholders proxyholders, or a
transferee of the shares or a personal representative of the shareholder or
their respective proxyholders, may revoke the consent by a writing received by
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 of
the corporation, but may not do so thereafter. Such revocation is effective upon
its receipt by the Secretary of the corporation.

Section
11. Voting Rights; Cumulative Voting. Only persons in whose names
shares entitled to vote stand on the stock records of the corporation at the
close of business on the record date fixed by the Board of Directors as provided
in Section 41 of these By-Laws for the determination of shareholders of record
shall be entitled to notice of and to vote at such meeting of shareholders. If
no record date is fixed, 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 or the business day next preceding the day on which notice is given or,
if notice is waived, at the close of business on the business day next preceding
the day on which the meeting is held; the record date for determining
shareholders entitled to give consent to corporate action in writing without a
meeting, when no prior action by the Board has been taken, shall be the day on
which the first written consent is given; and the record date for determining
shareholders for any other purpose shall be at the close of business on the day
on which the Board adopts the resolution relating thereto, or the 60th day prior
to the date of such other action, whichever is later.

Except
as provided in the next following sentence and except as may be otherwise
provided in the Articles of Incorporation, each shareholder entitled to vote
shall be entitled to one vote for each share held on each matter submitted to a
vote of shareholders. In the election of directors, each such shareholder
complying with the following paragraph 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 normally 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 in favor of any candidate or
candidates 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 prior to the voting of the shareholders intention to cumulate
the shareholders votes. If any one shareholder has given such notice, such
fact shall be announced to all shareholders and proxies present, who may then
cumulate their votes for candidates in nomination.

In
any election of directors, the candidates receiving the highest number of votes
of the shares entitled to be voted for them, up to the number of directors to be
elected by such shares, are elected.

Voting
may be by voice or ballot, provided that any election of directors must be by
ballot upon the demand of any shareholder made at the meeting and before the
voting begins.

Section
12. Proxies. Every person entitled to vote shares may authorize another person or
persons to act by proxy with respect to such shares. All proxies must be in writing and
must be signed by the shareholder confirming the proxy or his attorney-in-fact. No proxy
shall be valid after the expiration of 11 months from the date
thereof unless otherwise provided in the proxy. Every proxy continues in full force and
effect until revoked by the person executing it prior to the vote pursuant thereto,
except as otherwise provided in Section 705 of the California Corporations Code. Such
revocation may be effected 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, by attendance at such meeting
and voting in person by the person executing the proxy. The dates contained on the forms
of proxy presumptively determine the order of execution, regardless of the postmark
dates on the envelopes in which they are mailed. The proxy solicited by management for
any annual meeting of shareholders shall confer discretionary authority upon managements
proxy holders to vote with respect to any shareholder proposal offered at such meeting,
the proponent of which has not notified the corporation, within the time period
specified by Section 4 of these By-Laws, of his or her intention to present such
proposal at the annual meeting. Specific reference to such voting authority shall be
made in managements proxy statement for each annual meeting.

Section
13. Voting by Joint Holders or Proxies. Shares or proxies standing
in the names of two or more persons shall be voted or represented in accordance
with the vote or consent of the majority of such persons. If only one of such
persons is present in person or by proxy, that person shall have the right to
vote all such shares, and all of the shares standing in the names of such
persons shall be deemed to be represented for the purpose of determining a
quorum. This section shall apply to the voting of shares by two or more
administrators, executors, trustees or other fiduciaries, or joint proxy
holders, unless the instrument or order of court appointing them shall otherwise
direct.

Section
14. Inspectors of Election. In advance of any meeting of shareholders the Board may
appoint inspectors of election to act at the meeting and any adjournment thereof. If
inspectors of election are not so appointed, or if any persons so appointed fail to
appear or refuse to act, the chairman of any meeting
of shareholders may, and on the request of any shareholder or a shareholders proxy
shall, appoint inspectors of election (or persons to replace those who so fail or
refuse) at the meeting. The number of inspectors shall be either one or three. If
appointed at a meeting on the request of one or more shareholders or proxies, the
majority of shares represented in person or by proxy shall determine whether one or
three inspectors are to be appointed. 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.

The
inspectors of election shall determine the number of shares outstanding and the
voting power of each, the shares represented at the meeting, the existence of a
quorum and the authenticity, validity and effect of proxies, receive votes,
ballots or consents, hear and determine all challenges and questions in any way
arising in connection with the right to vote, count and tabulate all votes or
consents, determine when the polls shall close, determine the result and do such
acts as may be proper to conduct the election or vote with fairness to all
shareholders.


ARTICLE
III


Directors
Management

Section
15. Powers. Subject to any provisions of the Articles of Incorporation, of the By-Laws
and of law limiting the powers of the Board of Directors or reserving powers to the
shareholders, the Board of Directors shall, directly or by delegation, manage the
business and affairs of the corporation and exercise all corporate
powers permitted by law.

Section
16. Number and Qualification of Directors. The authorized number
of directors shall be not less than Seven (7) nor more than Thirteen (13), until
changed by amendment of the Articles of Incorporation or, if not prohibited by
the Articles, by an amendment of this By-Law adopted by the shareholders. The
exact number of directors within said range shall be fixed by a resolution
adopted by the Board of Directors; and unless and until so amended, the exact
number of directors is hereby fixed at nine (9). Directors need not be
shareholders of the corporation.

Nomination
for election of members of the Board of Directors may be made by the Board of
Directors or by any stockholder 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 shall be made in writing and shall be delivered or
mailed to the President of the corporation not less than 21 days nor more than
60 days prior to any meeting of stockholders called for the election of
directors; provided however, that if less than 21 days notice of the meeting is
given to shareholders, such notice of intention to nominate shall be mailed or
delivered to the President of the corporation not later than the close of
business on the tenth day following the day on which the notice of meeting was
mailed; provided further that if notice of such meeting is sent by third-class
mail as permitted by Section 6 of these By-Laws, no notice of intention to make
nominations shall be required. 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; and (e) the number of shares of capital stock of the corporation
owned by the notifying shareholder. Nominations not made in accordance herewith
may, in the discretion of the Chairman of the meeting, be disregarded and upon
the Chairmans instructions, the inspectors of election can disregard all
votes cast for each such nominee. A copy of this paragraph shall be set forth in
a notice to shareholders of any meeting at which Directors are to be elected.

Section
17. Election and Term of Office. The directors shall be elected
annually by the shareholders at the annual meeting of the shareholders; provided
that if, for any reason, said annual meeting or an adjournment thereof is not
held or the directors are not elected thereat, then the directors may be elected
at any special meeting of the shareholders called and held for that purpose. The
term of office of the directors shall, except as provided in Section 18 of these
By-Laws, begin immediately after their election and shall continue until their
respective successors are elected and qualified.

Section
18. Removal of Directors. A director may be removed from office by the Board of
Directors if he is declared of unsound mind by the order of court or convicted of a
felony. Any or all of the directors may be removed from office without cause by a vote of
shareholders holding a majority of the outstanding
shares entitled to vote at an election of directors; however, unless the entire Board of
Directors is removed, an individual director shall not be removed if the votes cast
against removal, or not consenting in writing to such removal, would be sufficient to
elect such director if voted cumulatively at an e1ection at which the same total number
of votes were cast, or, if such 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. A director may also be
removed from office by the superior court of the county in which the principal office is
located, at the suit of shareholders holding at least ten percent (10%) of the number of
outstanding shares of any class, in case of fraudulent or dishonest acts or gross abuse
of authority or discretion with reference to the corporation, in the manner provided by
law.

No
reduction of the authorized number of directors shall have the effect of
removing any director before his term of office expires.

Section
19. Vacancies. A vacancy or vacancies on the Board of Directors
shall exist on the death, resignation, or removal of any director, or if the
authorized number of directors is increased or the shareholders fail to elect
the full authorized number of directors.

Except
for a vacancy created by the removal of a director, vacancies on the Board of
Directors may be filled by a majority of the remaining directors although less
than a quorum, or by a sole remaining director, and each director elected in
this manner shall hold office until his successor is elected at an annual or
special shareholders meeting.

The
shareholders may elect a director at any time to fill any vacancy 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 Chairman of the
Board of Directors, the President, the Secretary or the Board of Directors of
the corporation, unless the notice specifies a later time for the effectiveness
of such resignation. If the resignation is effective at a future time, a
successor may be elected to take office when the resignation becomes effective.

Section
20. Place of Meetings. Regular and special meetings of the Board of Directors shall be
held at any place within the State of California that is designated by resolution of the
Board or, either before or after the meeting, consented to in writing by all the Board
members. If the place of a regular or special meeting is
not fixed by resolution or written consents of the Board, it shall be held at the
corporations principal office.

Section
21. Organizational Meetings. Immediately following each annual shareholders' meeting,
the Board of Directors shall hold an organizational meeting at a date and time adopted by
the Board of Directors by Resolution to organize, elect officers, and transact other
business. Notice of this meeting shall not be
required.

Section
22. Other Regular Meetings. Other regular meetings of the Board of
Directors shall be held at such time and place as the Board of Directors by
resolution shall determine. Notice of these regular meetings shall not be
required.

Section
23. Special Meetings. Special meetings of the Board of Directors for any purpose may be
called at any time by the Chairman of the Board of Directors, or the President, or any
Vice President, or the Secretary, or any two directors.

Special
meetings of the Board shall be held upon four days notice by mail or 24
hours notice delivered personally or by telephone or telegraph. If notice is by
telephone, it shall be complete when the person calling the meeting believes in
good faith that the notified person has heard and acknowledged the notice. If
the notice is by mail or telegraph, it shall be complete when deposited in the
United States mail or delivered to the telegraph office at the place where the
corporations principal office is located, charges prepaid and addressed to
the notified person at such persons address appearing on the corporate
records or, if it is not on these records or is not readily ascertainable, at
the place where the regular Board meeting is held.

Section
24. Quorum. A majority of the authorized number of directors shall constitute a quorum
for the transaction of business, except to adjourn a meeting under Section 26 of these
By-Laws. Every act done or decision made by a majority of the directors present at a
meeting at which a quorum is present shall be regarded as the act of
the Board of Directors, unless the vote of a greater number is required by law, the
Articles of Incorporation, or these By-Laws. 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 a majority of the required quorum for such meeting.

Section
25. Contents of Notice and Waiver of Notice. Neither the business to be transacted at,
nor the purpose of, any regular or special Board meeting need be specified in the notice
or waiver of notice of the meeting. 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 thereof,
either before or after the meeting, or who attends the meeting without protesting, prior
thereto or at its commencement, the lack of notice to said director. All such waivers,
consents, and approvals shall be filed with the corporate records or made a part of the
minutes of the meeting.

Section
26. Adjournment. A majority of the directors present, whether or not a quorum is
present, may adjourn any meeting to another time and place.

Section
27. Notice of Adjournment. Notice of the time and place of holding
an adjourned meeting need not be given to absent directors if the time and place
are fixed at the meeting being adjourned, except that if the meeting is
adjourned for more than 24 hours such notice shall be given prior to the
adjourned meeting to the directors who were not present at the time of the
adjournment.

Section
28. Telephone Participation. Members of the Board may participate in a meeting through
use of conference telephone or similar communications equipment, so long as all members
participating in such meetings can hear one another. Such participation constitutes
presence in person at such meeting.

Section
29. Action Without Meeting. The Board of Directors may take any action without a
meeting that may be required or permitted to be taken by the Board at a meeting, if all
members of the Board individually or collectively consent in waiting to the action. The
written consent or consents shall be filed in the
minutes of the proceedings of the Board of Directors. Such action by written consent
shall have the same effect as a unanimous vote of directors.

Section
30. Fees and Compensation. Directors and members of committees
shall receive neither compensation for their services nor reimbursement for
their expenses unless these payments are fixed by resolution of the Board.


ARTICLE
IV


Officers

Section
31. 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 of
Directors, a Chairman of the Board (who shall be chosen from the Board of Directors), one
or more Vice Presidents, one or more Assistant Secretaries, one or
more Assistant Chief Financial Officers, and any other officers who may be appointed
under Section 33 of these By-Laws. Any two or more officers, except those of President
and Secretary, may be held by the same person.

Any
officer of the corporation may be excluded by resolution of the Board of
Directors or by a provision of these By-Laws from participation, other than in
the capacity of a director, in major policymaking functions of the corporation.

If
requested by the Board of Directors, each officer and employee of the
corporation shall give bond of suitable amount with security to be approved by
the Board of Directors, conditioned on the honest and faithful discharge of his
duties as such officer or employee. At the discretion of the Board, such bonds
may be schedule or blanket form and the premiums shall be paid by the
corporation. The amount of such bonds, the form of coverage, and the name of the
company providing the surety therefor shall be reviewed annually by the Board of
Directors. Action shall be taken by the Board at that time approving the amount
of the bond to be provided by each officer and employee of the corporation for
the ensuing year.

Section
32. Election. The officers of the corporation, except those
appointed under Section 33 of these By-Laws, shall be chosen annually by the
Board of Directors, and each shall hold his office until he resigns or is
removed or otherwise disqualified to serve, or his successor is elected and
qualified.

Section
33. Subordinate Officers. The Board of Directors may appoint, and may authorize the
President to appoint, any other officers that the business of the corporation may
require, each of whom shall hold office for the period, have the authority, and perform
the duties specified in the By-Laws or by the Board of
Directors.

Section
34. Removal and Resignation. Any officer may be removed with or
without cause either by the Board of Directors at any regular or special
directors meeting or, except for an officer chosen by the Board, by any
officer on whom the power of removal may be conferred by the Board.

Any
officer may resign at any time by giving written notice to the Board of
directors, the President or the Secretary of the corporation. An officers
resignation shall take effect when it is received or at any later time specified
in the resignation. Unless the resignation specifies otherwise, its acceptance by the corporation shall not be necessary to make it effective.



Section
35. Vacancies. A vacancy in any office because of death, resignation, removal,
disqualification, or any other cause shall be filled in the manner prescribed in the
By-Laws for regular appointments to the office.

Section
36. Chairman of the Board. The Board of Directors may in its
discretion elect a Chairman of the Board, who shall preside at all meetings of
the Board of Directors at which the Chairman is present and shall exercise and
perform other powers and duties assigned to the Chairman by the Board or
prescribed by the By-Laws.

Section
37. President. Subject to any supervisory powers that may be given by the Board of
Directors or the By-Laws to the Chairman of the Board, the President shall be the
corporation's chief executive officer and shall, subject to the control of the Board of
Directors, have general supervision, direction, and control over
the corporations business and affairs. The President shall preside as Chairman at
all shareholders meetings and at all directors meetings not presided over by
the Chairman of the Board. He shall be ex officio a member of all the standing
committees except the Audit Committee, shall have the general powers and duties of
management usually vested in a corporations president; shall have any other powers
and duties that are prescribed by the Board of Directors or these By-Laws; and shall be
primarily responsible for carrying out all orders and resolutions of the Board of
Directors.

Section
38. Vice Presidents. If the President is absent or is unable or refuses to act, the
Vice Presidents in order of their rank as fixed by the Board of Directors or, if not
ranked, the Vice President designated by the Board of Directors, 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 on, the President. Each Vice
President shall have any other duties that are prescribed for said Vice President by the
Board of Directors or the By-Laws.

Section
39. Secretary. The Secretary shall keep or cause to be kept, and be available at the
principal office and any other place that the Board of Directors specifies, a book of
minutes of all directors' and shareholders' meetings. The minutes of each meeting shall
state the time and place that it was held; whether it was regular
or special; if a special meeting, how it was authorized; the notice given; the names of
those present or represented at shareholders meetings; and the proceedings of the
meetings. A similar minute book shall be kept for each committee of the Board.

The
Secretary shall keep, or cause to be kept, at the principal office or at the
office of the corporations transfer agent, a share register, or duplicate
share register, showing the shareholders names and addresses, the number
and classes of shares held by each, the number and date of each certificate
issued for these shares, and the number and date of cancellation of each
certificate surrendered for cancellation.

The
Secretary shall give, or cause to be given, notice of all directors and
shareholders meeting, required to be given under these By-Laws or by law,
shall keep the corporate seal in safe custody, and shall have any other powers
and perform any other duties that are prescribed by the Board of Directors or
these By-Laws.

The
Secretary shall be deemed not to be an executive officer of the corporation and
the Secretary shall be excluded from participation, other than in the capacity
of director if the Secretary is also a director, in major policymaking functions
of the corporation.

Section
40. Chief Financial Officer. The Chief Financial Officer shall keep and maintain, or
cause to be kept and maintained, adequate and correct accounts of the corporation's
properties and business transactions, including accounts of its assets, liabilities,
receipts, disbursements, gains, losses, capital,
retained earnings, and shares. The books of account shall at all reasonable times be
open to inspection by any director.

The
Chief Financial Officer shall deposit all money and other valuables in the name
and to the credit of the corporation with the depositories designated by the
Board of Directors. The Chief Financial Officer shall disburse the
corporations funds as ordered by the Board of Directors; shall render to
the President and directors, whenever they request it, an account of all his
transactions as Chief Financial Officer and of the corporations financial
condition; and shall have any other powers and perform any other duties that are
prescribed by the Board of Directors or By-Laws.

If
required by the Board of Directors, the Chief Financial Officer shall give the
corporation a bond in the amount and with the surety or sureties specified by
the Board for faithful performance of the duties of that persons office
and for restoration to the corporation of all its books, papers, vouchers,
money, and other property of every kind in that persons possession or
under that persons control on that persons death, resignation,
retirement, or removal from office.







ARTICLE
V


General Corporate
Matters

Section
41. Record Date and Closing of Stockbooks. The Board of Directors
may fix a time in the future as a record date for determining shareholders
entitled to notice of and to vote at any shareholders meeting; to receive
any dividend, distribution, or allotment of rights; or to exercise rights in
respect of any other lawful action, including change, conversion, or exchange of
shares. The record date shall not, however, be more than 60 nor less than 10
days prior to the date of such meeting nor more than 60 days prior to any other
action. If a record date is fixed for a particular meeting or event, only
shareholders of record on that date are entitled to notice and to vote and to
receive the dividend, distribution, or allotment of rights or to exercise the
rights, as the case may be, notwithstanding any transfer of any shares on the
books of the corporation after the record date.

A
determination of shareholders of record entitled to notice of or to vote at a
meeting of shareholders shall apply to any adjournment of the meeting unless the
Board fixes a new record date for the adjourned meeting, but the Board shall fix
a new record date if the meeting is adjourned for more than 45 days.

Section
42. Corporate Records and Inspection by Shareholders and Directors. Books and records
of account and minutes of the proceedings of the shareholders, Board, and committees of
the Board shall be kept available at the principal office for inspection by the
shareholders to the extent required by Section 1601
of the California Corporations Code. A record of the shareholders, giving the names and
addresses of all shareholders and the number and class of shares held by each, shall be
kept available for inspection at the principal office or at the office of the corporations
transfer agent or registrar.

A
shareholder or shareholders holding at least five percent (5%) in the aggregate
of the outstanding voting shares of the corporation shall have an absolute right
to do either or both of the following: (1) 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 (2) obtain from the transfer agent for the corporation, upon five business
days prior written demand and upon the tender of its usual charges for such a
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 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 interests as a shareholder or holder of a voting
trust certificate. Inspection and copying may be made in person or by agent or
attorney.

Every
director 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 its subsidiary corporations, domestic or  foreign. Such inspection by a
director may be made in person or by agent or  attorney and includes the right to copy
and make extracts.

Section
43. Checks, Drafts, Evidences of Indebtedness. All checks, drafts, or other orders for
payment of money, notes and all mortgages, or other evidences of indebtedness, issued in
the name of or payable to the corporation, and all assignments and endorsements of the
foregoing, shall be signed or
endorsed by the person or persons and in the manner specified by the Board of Directors.

Section
44. Corporate Contracts and Instruments: How Executed. Except as otherwise provided in
the By-Laws, officers, agents, or employees must be authorized by the Board of Directors
to enter into any contract or execute any instrument in the corporation's name and on its
behalf. This authority
may be general or confined to specific instances.

Section
45. Stock Certificates. One or more certificates for shares of the corporation's
capital stock shall be issued to each shareholder for any of such shareholder's shares
that are fully paid. The corporate seal or its facsimile may be fixed on certificates.
All certificates shall be signed by the Chairman of the
Board, President, or a Vice President and the Secretary, Treasurer, or an Assistant
Secretary. Any or all of the signatures on the certificate may be facsimile signatures.

Section
46. Lost Certificates. Ho new share certificate that replaces an old one shall be
issued unless the old one is surrendered and canceled at the same time; provided,
however, that if any share certificate is lost, stolen, mutilated, or destroyed, the
Board of Directors may authorize issuance of a new
certificate replacing the old one on any terms and conditions, including a reasonable
arrangement for indemnification of the corporation, that the Board may specify.

Section
47. Reports to Shareholders. The requirement for the annual report to shareholders
referred to in Section 1501(a) of the California Corporations Code is hereby expressly
waived so long as there are less than 100 holders of record of the corporation's shares.
The Board of Directors shall cause to be sent to
the shareholders such annual or other periodic reports as they consider appropriate or
as otherwise required by law. In the event the corporation has 100 or more holders of
its shares, an annual report complying with Section 1501(a) and, when applicable,
Section 1501(b) of the California Corporations Code, shall be sent to the shareholders
not later than 120 days after the close of the fiscal year and at least 15 days prior to
the annual meeting of shareholders to be held during the next fiscal year.

If
no annual report for the last fiscal year has been sent to shareholders, the
corporation shall, upon the written request of any shareholder made more than
120 days after the close of such fiscal year, deliver or mail to the person
making the request within 30 days thereafter the financial statements referred
to in Section 1501(a) for such year.

A
shareholder or shareholders holding at least five percent (54) of the
outstanding shares of any class of a corporation may make a written request to
the corporation for an income statement of the corporation for the three-month,
six-month, or nine-month period of the current fiscal year ended more than 30
days prior to the date of the request and a balance sheet of the corporation as
of the end of such period and, in addition, if no annual report for the last
fiscal year has been sent to shareholders, the statements referred to in Section
1501(a) of the California Corporations Code for the last fiscal year. The
statement shall be delivered or mailed to the person making the request within
30 days thereafter. A copy of the statements shall be kept on file in the
principal office of the corporation for 12 months and they shall be exhibited at
all reasonable times to any shareholder demanding an examination of them or a
copy shall be mailed to such shareholder. The income statements and balance
sheets referred to shall be accompanied by the report thereon, if any, of any
independent accountants engaged by the corporation or the certificate of an
authorized officer of the corporation that such financial statements were
prepared without audit from the books and records of the corporation.

Section
48. Indemnification of Corporate Agents. The corporation shall
have power to indemnify each of its agents to the fullest extent permissible by
the California General Corporation Law. Without limiting the generality of the
foregoing sentence, the corporation:
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| | (a)
is authorized to provide indemnification of agents in excess of that expressly
permitted by section 317 of the California General Corporation Law for those
agents of the corporation for breach of duty to the corporation and its
shareholders, provided, however, that the corporation is not authorized to
provide indemnification of any agent for any acts or omissions or transactions
from which a director may not be relieved of liability as set forth in the
exception to section 204(a)(10) of the California General Corporation Law or as
to circumstances in which indemnity is expressly prohibited by section 317 of
the California General Corporation law; and
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| | (b)
shall have power to purchase and maintain insurance on behalf of any agent of
the corporation against any liability asserted against or incurred by the agent
in such capacity or arising out of the agents status as such, whether or
not the corporation would have the power to indemnify the agent against such
liability under the provisions of section 317 of the California General
Corporation Law, and shall have power to advance the expenses reasonably
expected to be incurred by such agent in defending any such proceeding upon
receipt of the undertaking required by subdivision (f) of such section. The term
agent used in this section 48 shall have the same meaning as such
term in section 317 of the California General Corporation Law.
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|ARTICLE
VI


Amendments

Section
49. Amendments by Shareholders. New By-Laws may be adopted or
these By-Laws may be amended or repealed by the affirmative vote or written
consent of a majority of the outstanding shares entitled to vote.

Section
50. Amendments By Directors. Subject to the right of shareholders under the preceding
Section 49 of these By-Laws, By-Laws other than a By-Law fixing or changing the
authorized number of directors may be adopted, amended, or repealed by the Board of
Directors. However, if the Articles of
Incorporation, or a By-Law adopted by the shareholders, provide for an indefinite number
of directors within specified limits, the directors may adopt or amend a By-Law or
resolution fixing the exact number of directors within those limits.


ARTICLE
VII


Committees
of the Board of Directors

Section
51. Committees of the Board of Directors. The Board of Directors
shall, by resolution adopted by a majority of the authorized number of
directors, designate the following standing committees:

(1)
An Audit Committee which shall consist of at least three members of the Board of
Directors, none of whom shall be active officers of the corporation. The duties
of this committee shall be to make suitable examination every 12 months of the
affairs of the corporation. The result of such examination shall be reported, in
writing, to the Board of Directors stating whether the corporation is in a sound
and solvent condition, whether adequate internal audit controls and procedures
are being maintained, and recommending to the Board such changes in the manner
of doing business, etc. as shall be deemed advisable. The Audit Committee, upon
its own recommendation and with the approval of the Board of Directors, may
employ a qualified firm of Certified Public Accountants to make a suitable
examination and audit of the corporation. If such a procedure is followed, the
one annual examination and audit of such firm of accountants and the
presentation of its report to the Board of Directors will be deemed sufficient
to comply with the requirements of this section of these By-Laws.

The
Board of Directors may, by resolution adopted by a majority of the authorized
number of directors, also designate one or more additional standing committees
including, but not limited to, a Loan Committee, an Investment Committee and/or
an Executive Committee consisting of two or more directors who shall be
appointed by, and hold office at, the pleasure of the Board of Directors. The
Board of Directors may, except as hereinafter limited, and to extent permissible
under applicable law, delegate to such committees any of the powers and
authorities of the Board of Directors.

The
appointment of members or alternate members of a committee requires the vote of
a majority of the authorized number of directors.

The
Board of Directors may designate one or more directors as alternate members of
any committee, who may replace any absent member at any meeting of the
committee. Any such committee to the extent provided in the resolution of the
Board of Directors shall have all the authority of the Board, except with
respect to:

(1)
The approval of any action for which shareholder approval is also required.

(2)
The filling of vacancies on the Board or in any committee.

(3)
The fixing of compensation of the directors for serving on the Board or on any committee.

(4)
The amendment or repeal of By-Laws or the adoption of new By-Laws.

(5)
The amendment or repeal of any resolution of the Board which by its express
terms is not so amendable or repealable.

(6)
A distribution to the shareholders of the corporation as defined in Section 166
of the California Corporations Code, except at a rate or in a periodic amount or
within a price range determined by the Board.

(7)
The appointment of other committees of the Board or the members thereof.

The
Board of Directors shall designate a chairman for each committee who shall have
the sole power to call any committee meeting other than a meeting set by the
Board. Except as otherwise established by the Board of Directors, Article III of
these By-Laws shall apply to committees of the Board and action by such
committees, mutatis mutandis.






Amendment
to Article III, Section 16 as of October 31, 2004

Article
III, Section 16 of the Central Coast Bancorp By-Laws shall be amended as
follows:

The
second sentence of Section 16 is amended to read: The exact number of
directors within said range shall be fixed by an amendment of this Section 16 of
these By-Laws adopted by the Board of Directors; and unless and until so
amended, the exact number of directors is hereby fixed at ten (10).

Amendment
to Article III, Section 16 as of September 27, 2004

Article
III, Section 16 of the Central Coast Bancorp By-Laws shall be amended as
follows:

The
second sentence of Section 16 is amended to read: The exact number of
directors within said range shall be fixed by an amendment of this Section 16 of
these By-Laws adopted by the Board of Directors; and unless and until so
amended, the exact number of directors is hereby fixed at ten (11).

Amendment
to Article III, Section 16 as of January 26, 2004

Article
III, Section 16 of the Central Coast Bancorp By-Laws shall be amended as
follows:

The
second sentence of Section 16 is amended to read: The exact number of
directors within said range shall be fixed by an amendment of this Section 16 of
these By-Laws adopted by the Board of Directors; and unless and until so
amended, the exact number of directors is hereby fixed at ten (10).

Amendment
to Article II, Section 11 as of June 11, 2001

Section
11 of Article II of the Central Coast Bancorp By-Laws shall be amended in its
entirety to read as follows:

Section
11. Voting Rights; No Cumulative Voting.Only persons
in whose names shares entitled to vote stand on the stock records of the
corporation at the close of business on the record date fixed by the Board of
Directors as provided in Section 41 of these By-Laws for the determination of
shareholders of record shall be entitled to notice of and to vote at a meeting
of shareholders. If no record date is fixed, 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 or the business day next preceding the day on which
notice is given or, if notice is waived, at the close of business on the
business day next preceding the day on which the meeting is held; the record
date for determining corporate action in writing without a meeting, when no
prior action by the Board of Directors has been taken, shall be the day on which
the first written consent is given; and the record date for determining
shareholders for any other purpose shall be at the close of business on the day
on which the Board of Directors adopts the resolution relating thereto, or the
60th day prior to the date of such other action, whichever is later.

No
holder of any class of stock of the corporation shall be entitled to cumulate
votes in connection with any election of directors of the corporation.

In
any election of directors, the candidates receiving the highest number of votes
of the shares entitled to be voted for them are elected.

Voting
may be by voice or ballot, provided that any election of directors must be by
ballot upon the demand of any shareholder made at the meeting and before the
voting begins.

Amendment
to Article III, Section 17 as of June 11, 2001

Section
17 of Article III of the Central Coast Bancorp By-Laws shall be amended in its
entirety to read as follows:

Section
17. Election and Term of Office. The directors shall be elected
annually by the shareholders at the annual meeting of the shareholders;
provided, that if for any reason, the annual meeting or an adjournment thereof
is not held or the directors are not elected thereat, then the directors may be
elected at any special meeting of the shareholders called and held for that
purpose. The term of office of the directors shall, except as provided in
Section 18, begin immediately after their election and shall continue until
their respective successors are elected and qualified. In the event that the
authorized number of directors shall be fixed at nine (9) or more, the board of
directors shall be divided into three classes, designated Class I, Class II and
Class III. Each class shall consist of one-third of the directors or as close an
approximation as possible. The initial term of office of the directors of Class
I shall expire at the annual meeting to be held during fiscal year 2002, the
initial term of office of the directors of Class II shall expire at the annual
meeting to be held during fiscal year 2003 and the initial term of office of the
directors of Class III shall expire at the annual meeting to be held during
fiscal year 2004. At each annual meeting, commencing with the annual meeting to
be held during fiscal year 2002, each of the successors to the directors of the
class whose term shall have expired at such annual meeting shall be elected for
a term running until the third annual meeting next succeeding his or her
election and until his or her successor shall have been duly elected and
qualified. In the event that the authorized number of directors shall be fixed
with at least six (6) but less than nine (9), the board of directors shall be
divided into two classes, designated Class I and Class II. Each class shall
consist of one-half of the directors or as close an approximation as possible.
At each annual meeting, each of the successors to the directors of the class
whose term shall have expired at such annual meeting shall be elected for a term
running until the second annual meeting next succeeding his or her election and
until his or her successor shall have been duly elected and qualified.
Notwithstanding the rule that the classes shall be as nearly equal in number of
directors as possible, in the event of any change in the authorized number of
directors, each director then continuing to serve as such shall nevertheless
continue as a director of the class of which he or she is a member until the
expiration of his or her current term, or his or her prior death, resignation or
removal. At such annual election, the directors chosen to succeed those whose
terms then expire shall be of the same class as the directors they succeed,
unless, by reason of any intervening changes in the authorized number of
directors, the board of directors shall designate one or more directorships
whose term then expires as directorships of another class in order more nearly
to achieve equality of number of directors among the classes.

This
Section 17 may be amended or repealed only by approval of the board of directors
and the outstanding shares (as defined in Section 152 of the California General
Corporation Law) voting as a single class, notwithstanding Section 903 of the
California General Corporation Law.
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