SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549

                           FORM 10-Q

[x]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES      EXCHANGE ACT OF 1934

For the Quarterly Period Ended     June 30, 1999    .

[  ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES      EXCHANGE ACT OF 1934

                    Commission File No. 0-25418 .
                                       ----------
                        CENTRAL COAST BANCORP
----------------------------------------------------------------------
        (Exact name of registrant as specified in its charter)


      California                              77-0367061
--------------------------------         ----------------------
(State or other jurisdiction of         (IRS Employer ID Number)
 incorporation or organization)


 301 Main Street, Salinas, California.                     93901 .
-----------------------------------------                 ---------
(Address of principal executive offices)                  (Zip code)


                           (831) 422-6642 .
                   -----------------------------
                   (Registrants telephone number,
                          including area code)

                            not applicable
          ------------------------------------------------
   (Former name, former address and former 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
such 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__  N0____

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:

No par value Common Stock - 6,456,255 shares outstanding at July 29, 1999.

                             Page 1 of 26
           The Index to the Exhibits is located at Page 24


<PAGE>
<TABLE>
<CAPTION>



                                   PART 1-FINANCIAL INFORMATION
                                   Item 1. FINANCIAL STATEMENTS:
                              CENTRAL COAST BANCORP AND SUBSIDIARIES
                        CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited)

                                                                          June 30, 1999   December 31, 1998
                                                                           -----------     ------------
(In thousands)


<S>                                                                        <C>             <C>
Assets
  Cash and due from banks                                                     $ 48,052         $ 44,684
  Federal funds sold                                                                 -            4,202
                                                                         --------------    -------------
     Total cash and equivalents                                                 48,052           48,886

  Available-for-sale securities                                                156,704          170,387
  Loans held for sale                                                            5,324            6,168

  Loans:
    Commercial                                                                 140,039          136,685
    Real estate-construction                                                    27,036           19,929
    Real estate-other                                                          177,817          144,685
    Installment                                                                 11,110           11,545
    Deferred loan fees, net                                                       (914)            (674)
                                                                         --------------    -------------
        Total loans                                                            355,088          312,170
    Allowance for loan losses                                                   (4,882)          (4,352)
                                                                         --------------    -------------
  Net Loans                                                                    350,206          307,818
                                                                         --------------    -------------

  Premises and equipment, net                                                    3,156            3,069
  Accrued interest receivable and other assets                                   9,311            7,605
                                                                         --------------    -------------
Total assets                                                                 $ 572,753        $ 543,933
                                                                         ==============    =============
Liabilities and Shareholders' Equity
  Deposits:
    Demand, noninterest bearing                                              $ 130,226        $ 149,757
    Demand, interest bearing                                                   108,578           98,226
    Savings                                                                    106,389          104,447
    Time                                                                       158,979          136,762
                                                                         --------------    -------------
        Total Deposits                                                         504,172          489,192
  Accrued interest payable and other liabilities                                16,914            3,542
                                                                         --------------    -------------
Total liabilities                                                              521,086          492,734
                                                                         --------------    -------------
Commitments and contingencies (Note 2)
Shareholders Equity:
  Preferred stock-no par value; authorized
    1,000,000 shares; no shares issued
  Common stock - no par value; authorized 25,000,000 shares;
    issued and outstanding: 6,477,369 shares at June 30, 1999
    and 6,112,045 shares at December 31, 1998                                   40,141           41,103
  Shares held in deferred compensation trust (247,148 at June 30, 1999
    and 71,949 at December 31,1998), net of deferred obligation                      -                -
  Retained earnings                                                             13,451            9,733
  Accumulated other comprehensive income - net of
    taxes of $1,338,000 at June 30,1999 and $254,000 at December 31, 1998       (1,925)             363
                                                                         --------------    -------------
Shareholders' equity                                                            51,667           51,199
                                                                         --------------    -------------
Total liabilities and shareholders' equity                                   $ 572,753        $ 543,933
                                                                         ==============    =============
See Notes to Consolidated Condensed Financial Statements
</TABLE>


<PAGE>
<TABLE>
<CAPTION>

                                                   CENTRAL COAST BANCORP AND SUBSIDIARIES
                                           CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)


                                             Three months ended June 30,          Six months ended June 30,

(In thousands)                              1999               1998               1999                 1998

<S>                                        <C>                <C>                <C>                 <C>

Interest Income
   Loans (including fees)                     $ 7,686            $ 6,669            $ 14,827             $ 12,936
   Investment securities                        2,343              2,027               4,591                3,807
   Other                                            2                585                  75                1,530
                                       ---------------    ---------------    ----------------    -----------------
       Total interest income                   10,031              9,281              19,493               18,273
                                       ---------------    ---------------    ----------------    -----------------
Interest Expense
   Interest on deposits                         3,180              3,415               6,266                6,750
   Other                                          149                  -                 176                    -
                                       ---------------    ---------------    ----------------    -----------------
       Total interest expense                   3,329              3,415               6,442                6,750
                                       ---------------    ---------------    ----------------    -----------------
Net Interest Income                             6,702              5,866              13,051               11,523
Provision for Loan Losses                         410                 24                 537                   41
                                       ---------------    ---------------    ----------------    -----------------
Net Interest Income after
   Provision for Loan Losses                    6,292              5,842              12,514               11,482
                                       ---------------    ---------------    ----------------    -----------------

Noninterest Income                                591                530               1,133                  924
                                       ---------------    ---------------    ----------------    -----------------

Noninterest Expenses
   Salaries and benefits                        2,250              2,053               4,581                4,208
   Occupancy                                      297                273                 577                  492
   Furniture and equipment                        294                235                 585                  430
   Other                                          983                897               1,904                1,780
                                       ---------------    ---------------    ----------------    -----------------
       Total noninterest expenses               3,824              3,458               7,647                6,910
                                       ---------------    ---------------    ----------------    -----------------
Income Before Income Taxes                      3,059              2,914               6,000                5,496
Provision for Income Taxes                      1,065              1,205               2,281                2,273
                                       ---------------    ---------------    ----------------    -----------------
       Net Income                             $ 1,994            $ 1,709             $ 3,719              $ 3,223
                                       ===============    ===============    ================    =================

Basic Earnings per Share                       $ 0.30             $ 0.28              $ 0.58               $ 0.54
Diluted Earnings per Share                     $ 0.29             $ 0.26              $ 0.55               $ 0.49
See Notes to Consolidated Condensed Financial Statements

</TABLE>














<PAGE>
<TABLE>
<CAPTION>

                                       CENTRAL COAST BANCORP AND SUBSIDIARIES
                             CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)
(In thousands)
Six months ended June 30,                                                         1999                    1998
                                                                                --------                -------
<S>                                                                             <C>                     <C>

Cash Flows from Operations:
   Net income                                                                    $ 3,719                 $ 3,223
   Reconciliation of net income to net cash provided
   by operating activities:
     Provision for loan losses                                                       537                      41
     Net gain (loss) on sale of fixed assets                                          61                      (1)
     Writedown (gain on sale) of other real estate owned                              90                     (21)
     Depreciation                                                                    403                     278
     Amortization and accretion                                                        3                     (52)
     Increase in accrued interest receivable and other assets                        (64)                   (762)
     Increase in accrued interest payable and other liabilities                      965                     366
     Decrease in deferred loan fees                                                  240                       2
                                                                                ---------                --------
       Net cash provided by operations                                             5,954                   3,074
                                                                                ---------                --------
Cash Flows from Investing Activities:
   Purchases of investment securities                                            (88,912)                (72,237)
   Proceeds from maturities
     of investment securities                                                     92,854                  72,040
   Proceeds from sale of investment securities                                     5,987                       -
   Net (increase) decrease in loans held for sale                                    844                  (3,008)
   Net (increase) in loans                                                       (43,165)                (16,550)
   Proceeds from sale of other real estate owned                                       -                     126
   Proceeds from sale of fixed assets                                                  -                       1
   Capital expenditures                                                             (821)                   (731)
                                                                                ---------                --------
       Net cash used in investing activities                                     (33,213)                (20,359)
                                                                                ---------                --------
Cash Flows from Financing Activities:
   Net increase in deposit accounts                                               14,979                     502
   Net increase (decrease) in short-term borrowings                               12,408                    (124)
   Proceeds from sale of stock                                                     1,098                     136
   Shares repurchased                                                             (2,060)                    (12)
                                                                                ---------                --------
       Net cash provided by financing activities                                  26,425                     502
                                                                                ---------                --------
  Net increase (decrease) in cash and equivalents                                   (834)                (16,783)
Cash and equivalents, beginning of period                                         48,886                 104,597
                                                                                ---------                --------
Cash and equivalents, end of period                                              $48,052                 $87,814
                                                                                =========                ========

Other Cash Flow Information:
   Interest paid                                                                 $ 6,417                 $ 6,712
   Income taxes paid                                                               1,589                   1,125
See Notes to Consolidated Condensed Financial Statements

</TABLE>



<PAGE>

              CENTRAL COAST BANCORP AND SUBSIDIARIES
         NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                      June 30, 1999 (Unaudited)

1. CONSOLIDATED FINANCIAL STATEMENTS

In the opinion of Management, the unaudited consolidated condensed
financial statements contain all adjustments (consisting of only
normal recurring adjustments) necessary to present fairly the
Company's consolidated financial position at June 30, 1999 and
December 31, 1998, the results of operations for the three and six
month periods ended June 30, 1999 and 1998, and cash flows for the
six month periods ended June 30, 1999 and 1998.

Certain disclosures normally presented in the notes to the annual
financial statements prepared in accordance with generally accepted
accounting principles have been omitted.  These interim consolidated
condensed financial statements should be read in conjunction with
the consolidated financial statements and notes thereto included in
the Company's 1998 Annual Report to Shareholders.  The results of
operations for the three and six month periods ended June 30, 1999
and 1998 may not necessarily be indicative of the operating results
for the full year.

In preparing such financial statements, management is required to
make estimates and assumptions that affect the reported amounts of
assets and liabilities as of the date of the balance sheet and
revenues and expenses for the period.  Actual results could differ
significantly from those estimates.  Material estimates that are
particularly susceptible to significant changes in the near term
relate to the determination of the allowance for loan losses and the
carrying value of other real estate owned.  Management uses
information provided by an independent loan review service in
connection with the determination of the allowance for loan losses.


2. COMMITMENTS AND CONTINGENCIES

In the normal course of business there are outstanding various
commitments to extend credit which are not reflected in the
financial statements, including loan commitments of approximately
$130,722,000 and standby letters of credit of $2,083,000 at June 30,
1999.  However, all such commitments will not necessarily culminate
in actual extensions of credit by the Company during 1999.

Approximately $31,474,000 of loan commitments outstanding at June
30, 1999 relate to real estate construction loans and are expected
to fund within the next twelve months.  The remainder relate
primarily to revolving lines of credit or other commercial loans,
and many of these commitments are expected to expire without being
drawn upon.  Therefore, the total commitments do not necessarily
represent future cash requirements.  Each potential borrower and the
necessary collateral are evaluated on an individual basis.
Collateral varies, but may include real property, bank deposits,
debt or equity securities or business assets.

Stand-by letters of credit are commitments written to guarantee the
performance of a customer to a third party.  These guarantees are
issued primarily relating to purchases of inventory by commercial
customers and are typically short-term in nature.  Credit risk is
similar to that involved in extending loan commitments to customers
and accordingly, evaluation and collateral requirements similar to
those for loan commitments are used.  Virtually all such commitments
are collateralized.

3. EARNINGS PER SHARE COMPUTATION

Basic earnings per share is computed by dividing net income by the
weighted average common shares outstanding for the period (6,493,000
and 6,410,000 for the three and six month periods ended June 30,
1999, and 6,025,000 and 6,016,000 for the three and six month
periods ended June 30, 1998).  Diluted earnings per share reflects
the potential dilution that could occur if outstanding stock options
and stock purchase warrants were exercised.  Diluted earnings per
share is computed by dividing net income by the weighted average
common shares outstanding for the period plus the dilutive effect of
options and warrants (185,000 and 255,000 for the three and six
month periods ended June 30, 1999 and 590,000 and 524,000 for the
three and six month periods ended June 30, 1998).


4.  COMPREHENSIVE EARNINGS

In 1998, Central Coast Bancorp adopted Statement of Financial
Accounting Standards No. 130, "Reporting Comprehensive Income",
which requires that an enterprise report, by major components and as
a single total, the change in net assets during the period from
nonowner sources.  Such amounts are as follows:

<TABLE>
<CAPTION>

                                                               Three Months Ended June 30,           Six Months Ended June 30,

(In thousands)                                                      1999             1998                1999              1998
                                                                    ----             ----                ----              ----
<S>                                                              <C>             <C>                  <C>                <C>

Net Earnings                                                      $ 1,994          $ 1,709              $ 3,719           $ 3,223
Other comprehensive income (loss)- Net unrealized
      gain on available-for-sale securities                        (1,504)             230               (2,296)              115

Reclassification adjustment for gains included in
      income, net of taxes of $4,000 and $(13,000)
      for the three and six month periods ended
      June 30, 1999.                                                   (5)               -                    8                 -
                                                            --------------   --------------        -------------    --------------

Total comprehensive earnings                                        $ 485          $ 1,939              $ 1,431           $ 3,338
                                                            ==============   ==============        =============    ==============


</TABLE>


5.    STOCK SPLIT

On January 25, 1999 the Board of Directors declared a five-for-four
stock split, which was distributed on February 26, 1999, to
shareholders of record as of February 8, 1999.  All share and per
share data have been retroactively adjusted to reflect the stock
split.



<PAGE>



           Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
            FINANCIAL CONDITION AND RESULTS OF OPERATIONS


In addition to the historical information contained herein, this
report on Form 10-Q contains certain forward-looking statements.
The reader of this report should understand that all such
forward-looking statements are subject to various uncertainties and
risks that could affect their outcome.  The Company's actual results
could differ materially from those suggested by such forward-looking
statements. Changes to such risks and uncertainties, which could
impact future financial performance, include, among others: (1)
competitive pressures in the banking industry; (2) changes in the
interest rate environment; (3) general economic conditions,
nationally, regionally and in the operating market areas of the
Company and the Banks; (4) changes in the regulatory environment;
(5) changes in business conditions and inflation; (6) changes in
securities markets; and (7) effects of possible Year 2000 problems.
This entire report should
be read to put such forward-looking statements in context.  To gain
a more complete understanding of the uncertainties and risks
involved in the Company's business this report should be read in
conjunction with Central Coast Bancorp's annual report on Form 10-K
for the year ended December 31, 1998.

Interest income and net interest income are presented on a fully
taxable equivalent basis (FTE) within the Management's Discussion
and Analysis.

Business Organization

Central Coast Bancorp (Nasdaq symbol CCBN) (the "Company") is a
California corporation organized in 1994, and is the parent company
Bank of Salinas and Cypress Bank, state-chartered banks,
headquartered in Salinas and Seaside, California, respectively (the
("Banks").  Other than its investment in the Banks, the Company
currently conducts no other significant business activities,
although it is authorized to engage in a variety of activities which
are deemed closely related to the business of banking upon prior
approval of the Board of Governors of the Federal Reserve System
(the"FRB"), the Company's principal regulator.

The Banks offer a full range of commercial banking services,
including a diverse range of traditional banking products and
services to individuals, merchants, small and medium-sized
businesses, professionals and agribusiness enterprises located in
the Salinas Valley and Monterey Peninsula.

Overview

The Company reported record quarterly net income of $1,994,000 for
the quarter ended June 30, 1999. This represents a 16.7% increase
over the $1,709,000 reported for the same period of 1998.  Diluted
earnings per share for the respective quarters were $0.30 versus
$0.26.  The return on equity (ROE) and the return on assets (ROA)
for the second quarter 1999 were 15.2% and 1.45% as compared to
14.8% and 1.40% for the same period in 1998.

Net income for the six months ended June 30, 1999 and 1998 was
$3,719,000 and $3,223,000 with diluted earnings per share of $0.56
and $0.49, respectively.  For the first six months of 1999 ROE was
14.4% and ROA was 1.39%, as compared to 14.3% and 1.33% for the same
period in 1998.  The earnings per share for the 1998 periods have
been adjusted for the 5 for 4 stock split distributed on February
26, 1999.

Year over year internal growth was strong, as assets of the Company
increased $70,873,000 (14.1%) to total $572,753,000 at June 30,
1999.  Loans totaled $360,412,000, up $84,067,000 (30.4%) from the
ending balances on June 30, 1998.  Deposit growth in the like
period, excluding $20,000,000 of State of California certificates of
deposit, was 7.4% with ending deposit balances at $504,171,000.

The strong second quarter earnings reflect the results of continuing
loan demand, restructuring the investment portfolio during the past
year and improved operating efficiency.

<PAGE>

The following table provides a summary of the major elements of
income and expense for the periods indicated.

Condensed Comparative Income Statement
<TABLE>
<CAPTION>

                                                           Percentage                       Percentage
                                        Three monts ended    Change     Six months ended      Change
                                            June 30,        Increase       June 30,          Increase
(In thousands)                         1999       1998     (Decrease)    1999      1998     (Decrease)
                                       ----       ----     ----------    ----      ----     ----------
<S>                                  <C>         <C>        <C>         <C>       <C>        <C>

Interest income (1)                   $10,229    $9,296        10%      $19,867   $18,303         9%
Interest expense                        3,329     3,415        -3%        6,442     6,750        -5%
                                      --------   -------  ---------    ---------  --------  ---------
  Net interest income                   6,900     5,881        17%       13,425    11,553        16%
Provision for loan losses                 410        24      1608%          537        41      1210%
                                      --------   -------  ---------    ---------  --------  ---------
  Net interest income after
    provision for loan losses           6,490     5,857        11%       12,888    11,512        12%
Noninterest income                        591       530        12%        1,133       924        23%
Noninterest expense                     3,824     3,458        11%        7,647     6,910        11%
                                      --------   -------  ---------    ---------  --------  ---------
  Net income before income taxes        3,257     2,929        11%        6,374     5,526        15%
Tax equivalent adjustment                 198        15      1220%          374        30      1147%
Income taxes                            1,065     1,205       -12%        2,281     2,273         0%
                                      --------   -------  ---------    ---------  --------  ---------

  Net income                           $1,994    $1,709        17%       $3,719    $3,223        15%
                                      ========   =======  =========    =========  ========  =========

1) Interest on tax-free securities is reported on tax equivalent basis.

</TABLE>


<PAGE>


Net interest income / net interest margin

Net interest income, the difference between interest earned on loans
and investments and interest paid on deposits and other borrowings,
is the principal component of the Banks' earnings.  Net interest
margin is net interest income expressed as a percentage of average
earning assets.

Second quarter 1999 net interest income of $6,900,000 was a 17.3%
increase of $1,019,000 over the same period in 1998.  Interest
income was up $933,000 (10.0%).  Average loan balances were
$73,547,000 (27.8%) higher in the second quarter of 1999 versus the
year earlier period.  This volume difference added $1,852,000 to
interest income.  It was offset in part by a 100 basis point
decrease in loan yields, which reduced interest income by $835,000.
The rate decrease was the result of the three 25 basis point
downward adjustments in the second half of 1998 and a competitive
rate environment. Average balances for investment securities and
Federal funds sold decreased $15,372,000 to $161,539,000.  Due to
repositioning of the investment portfolio, interest income related
to investments and Federal funds sold decreased $84,000 in the
second quarter of 1999 versus the year earlier period.

For the three months ended June 30, 1999, interest expense was down
$86,000 (2.5%) from the year earlier quarter. Increased interest
expense of $366,000 resulting from higher average balances in
interest bearing liabilities during the second quarter of 1999
versus the year earlier period was offset by a 50 basis point
decrease in average rates paid which decreased interest expense
$452,000.  Net interest margin for the second quarters of 1999 and
1998 were 5.5% and 5.3%, respectively.

For the first six-month period of 1999, interest income increased
$1,564,000 to $19,867,000.  Average balances of both loans and
investment securities were higher in 1999.  These higher balances
added $4,865,000 to interest income.  The average balance in Federal
funds sold was lower by $53,323,000 in the first six months of 1999
versus the prior year.  Interest income derived from Federal funds
sold consequently was $1,455,000 lower in the period.  The average
yield on loans was 100 basis lower in the 1999 six-month period due
to the downward rate adjustments and competitive rate environment
discussed in the quarterly results paragraph above.  The lower
yields reduced interest income by $1,601,000.  The average yields
received on all earning assets for the first six months of 1999 was
8.2% as compared to 8.4% for the same period in 1998.

Interest expense for the six-month period decreased $308,000 (4.6%)
from the expense in the same 1998 period.  Volume increases in
deposits and borrowings added $586,000 of interest expense.  The
volume increases were more than offset by lower rates.  Overall
average rates paid on interest-bearing liabilities in the first six
months of 1999 decreased 50 basis points to 3.6% from the same
period in 1998.  The decrease attributable to the lower rates was
$894,000.

The combined effect of the increase in interest income coupled with
the decrease in interest expense for the six-month period ending
June 30, 1999, resulted in an increase in net interest income of
$1,872,000 or 16.2% as compared to the first six months of 1998.
Net interest margin rose 20 basis points to 5.5%.


The first two following tables provide a summary of the components
of net interest income and the changes within the components for the
periods indicated.  The second two tables set forth a summary of the
changes in interest income and interest expense from changes in
average asset and liability balances (volume) and changes in average
interest rates.

<PAGE>
<TABLE>
<CAPTION>

                                               (Unaudited)
                                        Three months ended June 30

(Taxable Equivalent Basis)                                   1999                                1998
                                                  Avg.                Avg.             Avg.                Avg.
(In thousands, except percentages)              Balance    Interest  Yield           Balance   Interest   Yield
                                                -------    --------  ------          -------   --------   -----
<S>                                             <C>          <C>      <C>            <C>        <C>      <C>
Assets:
Earning Assets
  Loans (1) (2)                                  $338,094     $7,686   9.1%           $264,547   $6,669   10.1%
  Taxable investments                             125,300      1,951   6.2%            131,703    1,998    6.1%
  Tax-exempt securities (tax equivalent basis)     35,903        590   6.6%              2,089       44    8.4%
  Federal funds sold                                  336          2   2.4%             43,119      585    5.4%
                                                  --------   --------                  -------   ------
Total Earning Assets                              499,633    $10,229   8.2%            441,458   $9,296    8.4%
                                                             --------                            ------
Cash & due from banks                              41,023                               38,502
Other assets                                       12,446                               10,787
                                                 ---------                             -------
                                                 $553,102                             $490,747
                                                 =========                            ========

Liabilities & Shareholders'
  Equity:
Interest bearing liabilities:
  Demand deposits                                $102,864      $ 457   1.8%            $86,377    $ 416    1.9%
  Savings                                         101,001        816   3.2%             97,424      925    3.8%
  Time deposits                                   156,071      1,907   4.9%            148,518    2,074    5.6%
  Other borrowings                                 12,264        149   4.9%                  -        -     n/a
                                                 --------      ------                 --------   ------

Total interest bearing liabilities                372,200      3,329   3.6%            332,319    3,415    4.1%
Demand deposits                                   123,985      ------                  108,111   ------
Other Liabilities                                   4,311                                4,036
                                                 --------                             --------
Total Liabilities                                 500,496                              444,466
Shareholders' Equity                               52,606                               46,281
                                                 --------                             --------
                                                 $553,102                             $490,747
                                                 ========                             ========
Net interest income & margin (3)                              $6,900   5.5%                      $5,881    5.3%
                                                              ======   ====                      ======    ====
</TABLE>

(1)  Loan interest income includes fee income of $307,000 and $262,000
     for the three month period June 30, 1999 and 1998, respectively.
(2)  Includes the average allowance for loan losses of $4,536,000 and
     $4,206,000 and average deferred
     loan fees of $853,000 and $528,000 for the three months ended June
     30, 1999 and 1998, respectively.
(2)  Net interest margin is computed by dividing net interest income by
     the total average earning assets.




<PAGE>
<TABLE>
<CAPTION>



                                                (Unaudited)
                                         Six months ended June 30,

(Taxable Equivalent Basis)                                          1999                                   1998
                                                       Avg                    Avg              Avg                    Avg
(In thousands, except percentages)                   Balance      Interest   Yield           Balance     Interest    Yield
                                                     -------      --------   -----           -------     --------    -----
<S>                                                  <C>           <C>        <C>            <C>          <C>         <C>
Assets:
Earning Assets
  Loans (1) (2)                                       $324,069      $14,827     9.2%          $255,039     $12,936     10.2%
  Taxable investments                                  126,377        3,844     6.1%           125,593       3,748      6.0%
  Tax-exempt securities (tax equivalent basis)          34,118        1,121     6.6%             2,089          89      8.5%
  Federal funds sold                                     3,267           75     4.6%            56,590       1,530      5.5%
                                                      --------      --------                  ---------    -------
 Total Earning Assets                                  487,831      $19,867     8.2%           439,311     $18,303      8.4%
Cash & due from banks                                   41,708      --------                    38,112     -------
Other assets                                            11,677                                  10,446
                                                      ---------                               ---------
                                                      $541,216                                $487,869
                                                      =========                               =========

Liabilities & Shareholders'
  Equity:
Interest bearing liabilities:
  Demand deposits                                      $97,974        $ 812     1.7%           $86,486       $ 837      2.0%
  Savings                                              104,901        1,706     3.3%            98,492       1,867      3.8%
  Time deposits                                        151,585        3,748     5.0%           145,289       4,046      5.6%
  Other borrowings                                       7,222          176     4.9%                 -           -       n/a
                                                      --------        -----                    -------       -----
Total interest bearing liabilities                     361,682        6,442     3.6%           330,267       6,750      4.1%
Demand deposits                                        123,125        -----                    108,344       -----
Other Liabilities                                        4,232                                   3,705
                                                      --------                                 -------
Total Liabilities                                      489,039                                 442,316
Shareholders' Equity                                    52,177                                  45,553
                                                      --------                                --------
                                                      $541,216                                $487,869
                                                      ========                                ========
Net interest income & margin (3)                                    $13,425     5.5%                       $11,553      5.3%
                                                                    =======     ====                       =======      ====

</TABLE>

(1)  Loan interest income includes fee income of $548,000 and
     $506,000 for the six month periods ended June 30, 1999 and
     1998, respectively.
(2)  Includes the average allowance for loan losses of $4,452,000 and
     $4,207,000 and average deferred loan fees of $786,000 and $538,000
     for the six months ended June 30, 1999 and 1998, respectively.
(3)  Net interest margin is computed by dividing net interest income
     by the total average earning assets.




<PAGE>
<TABLE>
<CAPTION>

 Volume/Rate Analysis
(in thousands) Three Months Ended June 30, 1999 over 1998
Increase (decrease) due to change in:
                                                                                                 Net
                                                              Volume          Rate (4)         Change
                                                              ------          --------         ------
<S>                                                          <C>              <C>             <C>
Interest-earning assets:
   Net Loans (1)(2)                                          $ 1,852           $(835)          $1,017
   Taxable investment securities                                 (97)             50              (47)
   Tax exempt investment securities (3)                          708            (162)             546
   Federal funds sold                                           (576)             (7)            (583)
                                                             --------          ------          -------
     Total                                                     1,887            (954)             933
                                                             --------          ------          -------

Interest-bearing liabilities:
   Demand deposits                                                78             (37)              41
   Savings deposits                                               34            (143)            (109)
   Time deposits                                                 105            (272)            (167)
   Other borrowings                                              149               -              149
                                                             --------          ------           ------
       Total                                                     366            (452)             (86)
                                                             --------          ------           ------
Interest differential                                        $ 1,521           $(502)          $1,019
                                                             ========          ======          =======
</TABLE>


(1)  The average balance of non-accruing loans is immaterial as a
     percentage of total loans and, as such, has been included in net loans.
(2)  Loan fees of $307,000 and $262,000 for the three months ended June
     30, 1999 and 1998, respectively, have been included in the interest
     income computation.
(3)  Includes taxable-equivalent adjustments that relate to income on
     certain securities that is exempt from
     federal income taxes. The effective federal statutory tax rate was
     34% for 1999 and 1998.
(4)  The rate / volume variance has been included in the rate variance.







<PAGE>
<TABLE>
<CAPTION>


 Volume/Rate Analysis
(in thousands) Six Months Ended June 30, 1999 over 1998
Increase (decrease) due to change in:
                                                                                                                     Net
                                                                     Volume               Rate (4)                  Change
                                                                     ------               -------                   ------
<S>                                                                  <C>                 <C>                        <C>
Interest-earning assets:
   Net Loans (1)(2)                                                   $3,492              $ (1,601)                $ 1,891
   Taxable investment securities                                          23                    73                      96
   Tax exempt investment securities (3)                                1,350                  (318)                  1,032
   Federal funds sold                                                 (1,454)                   (1)                 (1,455)
                                                                      -------             ---------                --------
        Total                                                          3,411                (1,847)                  1,564
                                                                      -------             ---------                --------

Interest-bearing liabilities:
   Demand deposits                                                       114                  (139)                    (25)
   Savings deposits                                                      121                  (282)                   (161)
   Time deposits                                                         175                  (473)                   (298)
   Other borrowings                                                      176                     -                     176
                                                                      -------             ---------                --------
    Total                                                                586                  (894)                   (308)
                                                                      -------             ---------                --------
Interest differential                                                 $2,825                $ (953)                $ 1,872
                                                                      =======             =========                ========

</TABLE>

(1) The average balance of non-accruing loans is immaterial as a
    1percentage of total loans and, as such, has been included net loans.
(2) Loan fees of $548,000 and $506,000 for the six months ended June 30,
    1999 and 1998, respectively, have been included in the interest
    income computation.
(3) Includes taxable-equivalent adjustments that relate to income on
    certain securities that is exempt from federal income taxes.
    The effective federal statutory tax rate was 34% for 1999 and 1998.
(4) The rate / volume variance has been included in
    the rate variance.

Provision for Loan Losses

The Banks provided $410,000 for loan losses in the second quarter of
1999 versus $24,000 in 1998.  The Banks had net loan recoveries of
$74,000 in the second quarter of 1999 versus $3,000 in the year
earlier period.  The additional provision in 1999 was made primarily
as a result of increases in loan balances.  For the six-month period
ended June 30, 1999, the Banks have provided $537,000 for loan
losses versus $41,000 in the year earlier period. In this six-month
period, the Banks have recorded net loan charge-offs of $7,000 as
compared to $36,000 in the first six-months of 1998.

Noninterest Income

Noninterest income consists primarily of service charges on deposit
accounts and fees for miscellaneous services.  Noninterest income
totaled $591,000 in the second quarter of 1999, which was up $61,000
(11.5%) over the same period in 1998. The Banks realized a gain of
$45,000 from the sale of investment securities during the second
quarter of 1999.  Most other increases were due to higher volumes.

For the first six-months of 1999, noninterest income was $1,133,000,
which reflected a 22.6% increase over the same period last year.
Service charges on deposits were up $66,000 (11.2%) due to higher
volumes and some selective fee increases implemented in the second
and fourth quarters in 1998. Other service charges and fees were up
$57,000 (52%) mostly due to new fee structures on several services
that were implemented in the fourth quarter of 1998. Also, fees from
mortgage originations increased $62,000 (69%) as activity levels
were higher in the first six months of 1999.  As mortgage rates have
risen in the second quarter of 1999, the mortgage originations have
begun to slow down.  Management does not expect continued growth in this
area during the balance of 1999.

Noninterest Expense

Second quarter 1999  noninterest  expense  increased  $366,000 (10.6%)
to  $3,824,000  from the 1998  second  quarter.  Salary  and  employee
benefits  increased  $198,000  (9.6%) due to  increased  staff for the
Westridge  branch which opened in December  1998,  higher  commissions
on  mortgage  originations,  additional  staff due to  growth,  higher
benefit  costs,  and  normal  salary  increases.  On  a  quarter  over
quarter  basis,  premise  and  fixed  asset  expenses  were  higher by
$82,000  (16.2%).  Costs  associated  with the Westridge  branch,  the
new  computer  system and  network  upgrades  installed  in the second
half of 1998  were the major  factors  contributing  to the  increased
premise and fixed asset expenses.  The overhead  efficiency  ratio for
the second  quarter of 1999  improved to 52.4% as compared to 54.1% in
the same quarter of 1998.

Noninterest  expenses  for the  first  six-month  period  of 1999 were
$7,647,000  versus  $6,910,000  for the same period in 1998.  Salaries
and  benefits  increased  $373,000  (8.9%) for the first six months of
1999 due to  increased  staffing  levels  and  higher  commissions  on
mortgage  originations,   as  indicated  in  the  previous  paragraph.
Premise and fixed asset  expenses were up $240,000  (26.0%) due to the
addition of another branch and to increased  computer  system upgrades
as  detailed  above.   Other  costs  increased  $124,000  (7.0%)  that
included  $94,000 of one-time costs  associated  with merging  Cypress
Bank into Bank of Salinas and changing  the Bank's name.  The overhead
efficiency  ratio for the first  six-months  of 1999 improved to 53.9%
as compared to 55.5% in the same period of 1998.

Provision for Income Taxes

As a result of  investments  in tax  qualified  municipal  bonds,  the
Company  revised  its  estimated  income  tax rate for the six  months
ended  June 30,  1999 to 38.0%  from  41.3% in the  first  quarter  of
1999.  As a  result  of  the  recalculation  of the  year-to-date  tax
rate,  the  effective  rate for the second  quarter of 1999 was 34.8%.
The second quarter and first six-month tax rate for 1998 was 41.4%.

Securities

At June 30, 1999 available-for-sale securities had a market value of
$156,704,000 with a cost basis of $159,967,000.  The unrealized
losses of $3,263,000 at June 30, 1999 was an increase of $2,558,000
from the ending balance at March 31, 1999.  The increase in
unrealized losses was the result of increasing interest rates and
changing spreads in the securities market during the second
quarter.  The Company does not anticipate selling any of these
securities for liquidity needs in the immediate future.

Loans

Ending loan balances at June 30, 1999 were $360,412,000, which was
an increase of  $42,074,000 (13.2%) from year-end 1998 balances and
$84,067,000 (30.4%) from June 30, 1998 balances. All categories of
loans were higher on a year over year basis.  Loan demand has
remained strong heading into the third quarter of 1999.

Nonperforming Assets

Nonperforming assets are comprised of loans delinquent 90 days or
more with respect to interest or principal, loans for which the
accrual of interest has been discontinued, and other real estate
which has been acquired through foreclosure and is awaiting
disposition.

Unless well secured and in the process of collection, loans are
placed on nonaccrual status when a loan becomes 90 days past due as
to interest or principal, when the payment of interest or principal
in accordance with the contractual terms of the loan becomes
uncertain or when a portion of the principal balance has been
charged off.  When a loan is placed on nonaccrual status, the
accrued and unpaid interest receivable is reversed and the loan is
accounted for on the cash or cost recovery method thereafter, until
qualifying for return to accrual status.  Generally, a loan may be
returned to accrual status when all delinquent interest and
principal become current in accordance with the terms of the loan
agreement and remaining principal is considered collectible or when
the loan is both well secured and in process of collection.
<PAGE>

Real estate and other assets acquired in satisfaction of
indebtedness are recorded at the lower of estimated fair market
value net of anticipated selling costs or the recorded loan amount,
and any difference between this and the amount is treated as a loan
loss.  The costs of maintaining other real estate owned and gains or
losses on the subsequent sale are reflected in current earnings.

The following is a summary of nonperforming assets:
<TABLE>
<CAPTION>

(In thousands)                                                                     June 30,          December 31,
                                                                                     1999                1998
                                                                                   --------             -------
<S>                                                                            <C>                  <C>

Past due 90 days or more and still accruing :
   Real estate                                                                        $ 193             $ 1,174
   Commercial                                                                         1,080                  73
   Installment and other                                                                  -                   -
                                                                                    --------            --------
                                                                                      1,273               1,247
                                                                                    --------            --------
Nonaccrual:
   Real estate                                                                          523                 543
   Commercial                                                                         1,179                 333
   Installment and other                                                                  -                   -
                                                                                    --------            --------
                                                                                      1,702                 876
                                                                                    --------            --------
Total nonperforming loans                                                             2,975               2,123
                                                                                    --------            --------
Other real estate owned                                                                 515                   -
                                                                                    --------            --------
Total nonperforming assets                                                          $ 3,490             $ 2,123
                                                                                    ========            ========

Allowance for loan losses as a percentage of nonperforming loans                       148%                205%
Nonperforming loans to total loans                                                    0.93%               0.68%
</TABLE>

Nonperforming loans increased $852,000 during the first six months
of 1999.  Three SBA loans (SBA guaranteed from 75% to 90%) totaling
$2,150,000 were added to the nonperforming status since the end of
1998. These loans account for a significant portion of the total
category.  Coverage ratio of the allowance for loan losses to
nonperforming loans changed from 205% at year-end to 164%.  Overall
loan quality has remained high during the first six months of 1999.

Allowance for Loan Losses

The allowance for loan losses reflects management's judgement as to
the level considered adequate to absorb probable losses inherent in
the loan portfolio.  The allowance is increased by provisions
charged to expense and reduced by loan charge-offs net of
recoveries.  Management determines an appropriate provision based
upon information currently available to analyze loan loss potential,
including (1) the loan portfolio balance in the period; (2) a
comprehensive grading and review of new and existing loans
outstanding; (3) actual previous charge-offs; and, (4) changes in
economic conditions.

In determining the provision for estimated losses related to
specific major loans, management evaluates its allowance on an
individual loan basis, including an analysis of the credit
worthiness, cash flows and financial status of the borrower, and the
condition and the estimated value of the collateral. Specific
valuation allowances for secured loans are determined by the excess
of recorded investment in the loan over the fair market value or net
realizable value where appropriate, of the collateral.  In determining
overall generalvaluation allowances to be maintained and the loan loss
allowance ratio, management evaluates many factors including prevailing
and forecasted economic conditions, regular reviews of the quality of
loans, industry experience, historical loss experience, composition
and geographic concentrations of the loan portfolio, the borrowers'
ability to repay and repayment performance and estimated collateral
values.

Management believes that the allowance for loan losses at June
30,1999 is adequate, based on information currently available.
However, no prediction of the ultimate level of loans charged off in
future years can be made with any certainty.
<PAGE>
<TABLE>
<CAPTION>

The following table summarizes activity in the allowance for loan
losses for the periods indicated:

                                              Three months ended June 30,           Six months ended June 30,
(In thousands)                                   1999             1998                 1999              1998
                                                 ----             ----                 ----              ----
<S>                                           <C>              <C>                   <C>               <C>

 Beginning balance                            $ 4,398           $ 4,201              $ 4,352           $ 4,223
   Provision charged to expense                   410                24                  537                41
   Loans charged off                              (37)              (21)                (127)              (90)
   Recoveries                                     111                24                  120                54
                                              --------          --------             -------           -------
Ending balance                                $ 4,882           $ 4,228              $ 4,882           $ 4,228
                                              ========          ========             =======           =======

Ending loan portfolio                                                              $ 360,412         $ 276,345
                                                                                   =========         =========

Allowance for loan losses as percentage of
   ending loan portfolio                                                               1.35%             1.53%

</TABLE>


Liquidity

Liquidity management refers to the Company's ability to provide
funds on an ongoing basis to meet fluctuations in deposit levels as
well as the credit needs and requirements of its clients.  Both
assets and liabilities contribute to the Company's liquidity
position.  Federal funds lines, short-term investments and
securities, and loan repayments contribute to liquidity, along with
deposit increases, while loan funding and deposit withdrawals
decrease liquidity.  The Banks assess the likelihood of projected
funding requirements by reviewing historical funding patterns,
current and forecasted economic conditions and individual client
funding needs.  Commitments to fund loans and outstanding standby
letters of credit at June 30,1999 were approximately $130,722,000
and $2,083,000, respectively.  Such loans relate primarily to
revolving lines of credit and other commercial loans, and to real
estate construction loans.

The Company's sources of liquidity consist of its deposits with
other banks, overnight funds sold to correspondent banks, unpledged
short-term, marketable investments and loans available for sale.  On
June 30, 1999, consolidated liquid assets totaled $172.8 million or
30.2% of total assets as compared to $153.5 million or 28.2% of
total consolidated assets on December 31, 1998.  In addition to
liquid assets, the Banks maintain lines of credit with correspondent
banks for up to $80,000,000 available on a short-term basis.
Informal agreements are also in place with various other banks to
purchase participations in loans, if necessary.  The Company serves
primarily a business and professional customer base and, as such,
its deposit base is susceptible to economic fluctuations.
Accordingly, management strives to maintain a balanced position of
liquid assets to volatile and cyclical deposits.

Capital Resources

The Company's total shareholders' equity was $51,667,000 at June 30,
1999 compared to $51,199,000 at December 31, 1998.

The Company and the Banks are subject to regulations issued by the
Board of Governors and the FDIC which require maintenance of a
certain level of capital.  A banking organization's total qualifying
capital includes two components, core capital (Tier 1 capital) and
supplementary capital (Tier 2 capital).  Core capital, which must
comprise at least half of total capital, includes common
shareholders' equity, qualifying perpetual preferred stock, trust
preferred securities and minority interests, less goodwill.
Supplementary capital includes the allowance for loan losses
(subject to certain limitations), other perpetual preferred stock,
trust preferred securities, certain other capital instruments and
term subordinated debt.  The Company's major capital components are
shareholders' equity in core capital, and the allowance for loan
losses in supplementary capital.
<PAGE>

The following table shows the Company's actual capital amounts and
ratios at June 30, 1999 and December 31, 1998 as well as the minimum
capital ratios for capital adequacy under the regulatory framework:
<TABLE>
<CAPTION>

                                                                                                    For Capital
                                                                       Actual                    Adequacy Purposes:
                                                               Amount         Ratio            Amount          Ratio
                                                              ----------------------     ----------------------------
<S>                                                        <C>               <C>            <C>                <C>
As of June 30, 1999
Total Capital (to Risk Weighted Assets):                   $ 57,234,000        14.2%        $ 32,342,000        8.0%
Tier 1 Capital (to Risk Weighted Assets):                    52,394,000        13.0%          16,171,000        4.0%
Tier 1 Capital (to Average Assets):                          52,394,000         9.5%          22,124,000        4.0%

As of December 31, 1998
Total Capital (to Risk Weighted Assets):                     53,588,000        14.8%          29,004,000        8.0%
Tier 1 Capital (to Risk Weighted Assets):                    49,326,000        13.6%          14,502,000        4.0%
Tier 1 Capital (to Average Assets):                          49,326,000         9.9%          19,935,000        4.0%

</TABLE>


Year 2000

As the year 2000  approaches,  a critical issue has emerged  regarding
how existing  application  software programs and operating systems can
accommodate  this date  value.  In brief,  many  existing  application
software   products  in  the   marketplace   were   designed  to  only
accommodate  a two  digit  date  position  which  represents  the year
(e.g.,  "95" is stored on the system and  represents  the year  1995).
As a result,  the year 1999 (i.e.,  "99")  could be the  maximum  date
value these  systems will be able to accurately  process.  This is not
just a banking  problem,  as corporations  around the world and in all
industries are similarly impacted.

The Company is uncertain  regarding the  consequences of the Year 2000
(Y2K)  issue  on the  future  results  of  operations,  liquidity  and
financial  condition;  but  believes  that  failure to ensure that its
systems  are  in  compliance  with  Y2K  requirements   could  have  a
material  adverse  effect on its  business.  As a result,  the Company
has made  addressing  Y2K  issues a  priority  of  management  and the
Board.   Based  upon  actions   implemented   to  date,   the  Company
currently  anticipates  that it will be successful  in addressing  Y2K
issues and  anticipates  no materially  adverse  processing  problems.
The  Company  is  subject  to  examination  by  the  Federal   Deposit
Insurance  Corporation  and the Federal  Reserve  Bank under their Y2K
Phase I and Phase II programs.  Management is not  currently  aware of
any  conditions   cited  as   unsatisfactory   by  such  federal  bank
regulatory agencies.


All mission  critical  systems  have been  identified  by the Company,
and the  Company  has  tested and  developed  contingency  plans,  for
each. The term"mission  critical"  refers to an application or system
that  is  vital  to  the  successful   continuance  of  core  business
activity.  Significantly  all mission  critical  hardware and software
utilized  by  the  Company  are  provided  by  third   parties.   This
requires that the Company be in close  contact with  relevant  vendors
and  contractors  as it  conducts  testing and  contingency  planning.
Testing on the Company's  mission  critical  systems is  substantially
complete  and  monitoring  of vendor  and  customer  relationships  is
ongoing.

The Company has made  disclosures  to all existing  and new  customers
regarding  the  importance  of the Y2K issue and its  relevance to the
Company  and the  customer.  The  Company  is  conducting  an  ongoing
effort to identify  customers  that  represent  material risk exposure
to the  institution,  to evaluate their Y2K  preparedness  and risk to
the Company and to implement appropriate risk controls.

The  Company  also  continues  to  evaluate  the cost to  address  Y2K
issues.  Most  costs  incurred  to date  are in  conjunction  with the
planned  replacement  of  systems.  The  cost of  system  replacements
accelerated to meet Y2K  requirements  and Y2K project  specific costs
have  not been  significant  to the  operations  of the  Company  as a
whole.  Management  estimates that the incremental  cost of mitigating
Year 2000 risk exclusive of management  time that has been  redirected
to focus on this matter will be approximately $171,000.

Despite efforts  undertaken to date and as projected,  there can be no
assurance  that  problems  will not arise  which could have an adverse
impact  upon  the  Company   due,   among   other   matters,   to  the
complexities  involved in computer  programming  related to resolution
of  Year  2000  problems  and the  fact  that  the  systems  of  other
companies on which Central Coast  Bancorp and its  subsidiaries,  Bank
of Salinas  and Cypress  Bank,  may rely must also be  corrected  on a
timely  basis.  Many phases of the  Company's  Y2K  preparedness  plan
have  been  completed:  the  Company  has  identified,   assessed  and
prioritized  mission  critical  systems;  developed  Year 2000 testing
strategies  and plans;  implemented a customer due diligence  program;
and tested most mission critical  systems.  But,  delays,  mistakes or
failures  in  correcting  Y2K system  problems by other  companies  on
which  Central  Coast  Bancorp and its  subsidiaries  may rely,  could
have a significant  adverse  impact upon Central Coast Bancorp and its
subsidiaries,  Bank of Salinas and Cypress Bank,  and their ability to
mitigate  the  risk  of  adverse  impact  of Y2K  problems  for  their
customers.

The disclosure set forth above  contains  forward-looking  statements.
Specifically,  such  statements  are contained in sentences  including
the words "expect"  or "anticipate"  or "could" or "should".  Such
forward-looking   statements   are  subject  to  inherent   risks  and
uncertainties  that may cause  actual  results  to  differ  materially
from  those  contemplated  by  such  forward-looking  statements.  The
factors  that may  cause  actual  results  to differ  materially  from
those  contemplated  by the  forward-looking  statements  include  the
failure by third  parties to remedy  Y2K  issues or the  inability  of
the  Company  to  complete   testing  software  changes  on  the  time
schedules  currently  expected.  Nevertheless,  the Company  currently
expects that its Y2K  compliance  efforts will be  successful  without
material adverse effects on its business.

Subsequent events

Previous to July 9, 1999, the Company operated two banks
subsidiaries, Bank of Salinas and Cypress Bank.  Effective at the
close of business on July 9, 1999. Cypress Bank was merged into the
Bank of Salinas and the name of the Bank of Salinas was changed to
Community Bank of Central California.

                    Item 3. MARKET RISK MANAGEMENT

The reader is referred to Item 7A of the Company's 1998 Annual
Report on Form 10-K for information on market risk.  There have been
no significant changes since December 31, 1998.

<PAGE>



                     PART II - OTHER INFORMATION

Item 1.    Legal proceedings.

                None.

Item 2.     Changes in securities.

                None.

Item 3.     Defaults upon senior securities.

                None.

Item 4.     Submission of matters to a vote of security holders.

           THE ANNUAL MEETING OF THE SHAREHOLDERS WAS HELD ON MAY 24, 1999.


           PROPOSAL NO. 1: ELECTION OF DIRECTORS
                               Number of Affirmative Votes

            C. EDWARD BOUTONNET        4,293,063
            BRADFORD G. CRANDALL       4,289,074
            ALFRED P. GLOVER           4,289,432
            MICHAEL T. LAPSYS          4,289,207
            DUNCAN L. McCARTER         4,293,018
            ROBERT M. MRAULE,
              D.D.S., M.D.             4,289,207
            LOUIS M. SOUZA             4,293,018
            MOSE E. THOMAS, JR         4,289,207
            NICK VENTIMIGLIA           4,293,063

           PROPOSAL NO. 2:  APPROVAL OF DELOITTE & TOUCHE LLP
                AS INDEPENDENT PUBLIC ACCOUNTANTS FOR THE
                1999 FISCAL YEAR.
<TABLE>
<CAPTION>

                     Number of             Number of               Number of Shares
                  Votes Cast For       Votes Cast Against     Indicated As Abstentions
                 -----------------     ------------------     ------------------------
<S>              <C>                      <C>                        <C>
                     4,144,550                1,796                    157,905
</TABLE>

      TOTAL NUMBER OF SHARES FOR WHICH PROXIES HAVE BEEN
      RECEIVED: 4,304,251.

Item 5.     Other information.

                None.


Item 6.     Exhibits and reports on Form 8-K.

(a)   Exhibits

           (2.1)     Agreement and Plan of  Reorganization  and Merger
                     by  and  between   Central  Coast  Bancorp,   CCB
                     Merger  Company and  Cypress  Coast Bank dated as
                     of December 5,  1995,  incorporated  by reference
                     from  Exhibit  99.1 to Form  8-K  filed  with the
                     Commission on December 7, 1995.

           (3.1)     Articles  of   Incorporation,   incorporated   by
                     reference   from  Exhibit  4.8  to   Registration
                     Statement  on Form S-8 No.  33-89948,  filed with
                     the Commission on March 3, 1995.

           (3.2)     Bylaws,  as amended,  incorporated  by  reference
                     from the  Company's  1998  Annual  Report on Form
                     10K filed with the Commission on March 29,1999.

           (4.1)     Specimen  form of  Central  Coast  Bancorp  stock
                     certificate  incorporated  by reference  from the
                     Company's  1994  Annual  Report on Form 10K filed
                     with the Commission on March 31, 1995.

           (10.1)    Lease agreement dated December 12, 1994,
                     related to 301 Main Street, Salinas, California
                     incorporated by reference from the Company's
                     1994 Annual Report on Form 10K filed with the
                     Commission on March 31, 1995.

           (10.2)    King City Branch Lease incorporated by
                     reference from Exhibit 10.3 to Registration
                     Statement on Form S-4 No. 33-76972, filed with
                     the Commission on March 28, 1994.

           (10.3)    Amendment  to King  City  Branch  Lease
                     incorporated  by  reference  from Exhibit 10.4 to
                     Registration    Statement   on   Form   S-4   No.
                     33-76972,  filed  with  the  Commission  on March
                     28, 1994.

           *(10.4)   1982 Stock Option Plan, as amended,
                     incorporated by reference from Exhibit 4.2 to
                     Registration Statement on Form S-8 No.
                     33-89948, filed with the Commission on March 3,
                     1995.

           *(10.5)   Form  of  Nonstatutory   Stock  Option  Agreement
                     under the 1982  Stock  Option  Plan  incorporated
                     by  reference  from  Exhibit 4.6 to  Registration
                     Statement  on Form S-8 No.  33-89948,  filed with
                     the Commission on March 3, 1995.

           *(10.6)   Form of Incentive  Stock Option  Agreement  under
                     the  1982  Stock  Option  Plan   incorporated  by
                     reference   from  Exhibit  4.7  to   Registration
                     Statement  on Form S-8 No.  33-89948,  filed with
                     the Commission on March 3, 1995.

           *(10.7)   1994   Stock   Option   Plan    incorporated   by
                     reference   from  Exhibit  4.1  to   Registration
                     Statement  on Form S-8 No.  33-89948,  filed with
                     the Commission on March 3, 1995.

           *(10.8)   Form  of  Nonstatutory   Stock  Option  Agreement
                     under the 1994  Stock  Option  Plan  incorporated
                     by  reference  from  Exhibit 4.3 to  Registration
                     Statement  on Form S-8 No.  33-89948,  filed with
                     Commission on March 3, 1995.

           *(10.9)   Form of Incentive  Stock Option  Agreement  under
                     the  1994  Stock  Option  Plan   incorporated  by
                     reference   from  Exhibit  4.4  to   Registration
                     Statement  on Form S-8 No.  33-89948,  filed with
                     the commission on March 3, 1995.

           *(10.10)  Form  of  Director   Nonstatutory   Stock  Option
                     Agreement   under  the  1994  Stock  Option  Plan
                     incorporated  by  reference  from  Exhibit 4.5 to
                     Registration    Statement   on   Form   S-8   No.
                     33-89948,  filed with the  commission on March 3,
                     1995.

           *(10.11)  Form   of   Bank   of   Salinas   Indemnification
                     Agreement for  directors  and executive  officers
                     incorporated  by  reference  from Exhibit 10.9 to
                     Amendment  No.  1 to  Registration  Statement  on
                     Form   S-4   No.   33-76972,   filed   with   the
                     Commission on April 15, 1994.

           *(10.12)  401(k)  Pension and Profit  Sharing  Plan Summary
                     Plan  Description  incorporated by reference from
                     Exhibit  10.8 to  Registration  Statement on Form
                     S-4 No.  33-76972,  filed with the  Commission on
                     March 28, 1994.

           *(10.13)  Specimen    form    of    Employment    Agreement
                     incorporated  by reference  from Exhibit 10.13 to
                     the  Company's  1996  Annual  Report  on Form 10K
                     filed with the Commission on March 31, 1997.

           *(10.14)  Specimen  form of Executive  Salary  Continuation
                     Agreement    incorporated   by   reference   from
                     Exhibit  10.14  to  the  Company's   1996  Annual
                     Report on Form 10K filed with the  Commission  on
                     March 31, 1997.

           *(10.15)  1994 Stock Option Plan, as amended,
                     incorporated by reference from Exhibit A to the
                     Proxy Statement filed with the Commission on
                     September 3, 1996 in connection with Central
                     Coast Bancorp's 1996 Annual Shareholders'
                     Meeting held on September 23, 1996.

           (10.16)   Specimen    of     Indemnification     Agreement,
                     incorporated  by reference  from Exhibit D to the
                     Proxy  Statement  filed  with the  Commission  on
                     September  3,  1996 in  connection  with  Central
                     Coast   Bancorp's   1996   Annual   Shareholders'
                     Meeting held on September 23, 1996.

           (10.17)   Purchase  and   Assumption   Agreement   for  the
                     Acquisition   of  Wells   Fargo   Bank   Branches
                     incorporated  by reference  from Exhibit 10.17 to
                     the  Company's  1996  Annual  Report  on Form 10K
                     filed with the Commission on March 31, 1997.

           *(10.18)  Employee   Stock   Ownership   Plan   and   Trust
                     Agreement    incorporated   by   reference   from
                     Exhibit  10.18  to  the  Company's   1996  Annual
                     Report on Form 10K filed with the  Commission  on
                     March 31, 1997.

            (10.19)  Lease agreement dated March 7, 1997, related to 484
                     Lighthouse Avenue, Monterey, California
                     incorporated by reference from Exhibit 10.19 to
                     the Company's 1997 Annual Report on Form 10K
                     filed with the Commission on March 27, 1998.

           (21.1)    The  Registrant's   only   subsidiaries
                     are  its  wholly-owned   subsidiaries,  Bank  of
                     Salinas and Cypress Bank.

           (27.1)    Financial Data Schedule

           *Denotes  management   contracts,   compensatory  plans  or
                     arrangements.

           (b)  Reports on Form 8-K - None

<PAGE>

SIGNATURES
----------------------------------------------------------------------


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


July 29, 1999                             CENTRAL COAST BANCORP


                                          /S/ROBERT M. STANBERRY
                                    By:   ------------------------
                                          (Chief Financial Officer,
                                          Principal Accounting Officer)




<PAGE>

                            EXHIBIT INDEX


Exhibit
Number               Description                       Page

27.1                 Financial Data Schedule           25