Document:

Exhibit 10.1

                            UNITED STATES OF AMERICA
                                   Before the
                          OFFICE OF THRIFT SUPERVISION

-------------------------------------------
In the Matter of                           )    Order No.: WN-09-032
                                           )
HARRINGTON WEST FINANCIAL                  )    Effective Date: October 14, 2009
 GROUP, INC.                               )
                                           )
Solvang, California                        )
OTS Docket No. H2621                       )
-------------------------------------------

                            ORDER TO CEASE AND DESIST
                            -------------------------

     WHEREAS,  Harrington West Financial Group, Inc., Solvang,  California,  OTS
Docket No.  H2621  (Holding  Company),  by and  through  its Board of  Directors
(Board),  has executed a Stipulation  and Consent to the Issuance of an Order to
Cease and Desist (Stipulation); and

     WHEREAS,  the Holding Company, by executing the Stipulation,  has consented
and agreed to the  issuance  of this  Order to Cease and  Desist  (Order) by the
Office of Thrift Supervision (OTS) pursuant to 12 U.S.C. ss. 1818(b); and

     WHEREAS, pursuant to delegated authority, the OTS Regional Director for the
Western  Region  (Regional  Director) is authorized to issue Orders to Cease and
Desist where a savings and loan holding company has consented to the issuance of
an order.

     NOW, THEREFORE, IT IS ORDERED that:

Cease and Desist.
-----------------

1. The Holding Company and its directors,  officers, employees, and agents shall
cease and desist from any action (alone or with another or others) for or toward
causing,  bringing  about,  participating  in,  counseling,  or the  aiding  and
abetting of unsafe or unsound  practices  that resulted in  deteriorating  asset
quality,  deficient earnings,  and inadequate capital levels at its wholly owned
subsidiary,  Los  Padres  Bank,  Solvang,   California,  OTS  Docket  No.  07935
(Association).

Harrington West Financial Group, Inc.
Order to Cease and Desist
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<PAGE>
Capital.
--------

2. By October 30, 2009, the Holding  Company shall submit for Regional  Director
review and  comment a  consolidated  capital  plan to  preserve  and enhance the
capital of the Holding Company and the Association (Capital Plan). At a minimum,
the Capital Plan shall:

     (a) consider the requirements  and  restrictions  imposed by this Order and
     the Order to Cease and Desist  issued by the OTS against  the  Association,
     dated_______________, 2009
     (Association Order);

     (b) address  specifically the actions to be taken by the Holding Company to
     cause the Association to attain and maintain the required capital ratios in
     the Association Order and provide time frames for those actions;

     (c) provide quarterly pro forma capital projections for the Holding Company
     and  the  Association;  and  (d)  describe  all  relevant  assumptions  and
     projections.

3.  Within  fifteen  (15) days of  receipt  of any  comments  from the  Regional
Director, the Board shall make the changes, if any, to the Capital Plan required
by the Regional Director.  Thereafter, the Board shall adopt and ensure that the
Holding Company  implements and complies with the Capital Plan.  Within five (5)
days of the Board  meeting at which it was adopted,  the Holding  Company  shall
provide  a copy  of the  Capital  Plan  adopted  by the  Board  to the  Regional
Director.

Harrington West Financial Group, Inc.
Order to Cease and Desist
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<PAGE>

4. [On the first (1st) and fifteenth  (15th) of each month,  beginning  with the
month of December 2009, Senior Executive Officers(1)  (Management) shall provide
the Regional  Director and the Board with written updates on the status of steps
taken by the  Holding  Company to comply  with the Capital  Plan  (Capital  Plan
Updates).

5. Within thirty (30) days after the end of each month, beginning with the month
of  November  2009,  Management  shall also  provide  monthly  variance  reports
(Monthly Capital Plan Variance  Reports) to the Regional  Director and the Board
that  describe  the Holding  Company's  compliance  with the Capital  Plan.  The
Monthly Capital  Variance  Reports shall:  (a) detail actual  operating  results
versus  projected  results;  (b) include  detailed  explanations of any material
deviations;  and (c) include a description of any specific corrective actions or
measures  that have been  implemented  or are proposed to address each  material
deviation.

6. The Board's  review of the Capital Plan Updates and the Monthly  Capital Plan
Variance Reports and its evaluation of Management's  compliance with the Capital
Plan shall be thoroughly  documented in the Board meeting  minutes.  The Holding
Company shall submit the Board meeting  minutes to the Regional  Director within
five (5) days of the Board meeting.

Capital Distributions and Stock Repurchases.
--------------------------------------------

7. Effective  immediately,  the Holding Company shall not declare,  make, or pay
any  dividends  or other  capital  distributions,  or  repurchase  or redeem any
capital stock without receiving the prior written  non-objection of the Regional
Director.  The Holding Company's written request for such non-objection shall be
submitted  to the  Regional  Director  at least  thirty  (30) days  prior to the
anticipated date of the proposed dividend payment, capital distribution or stock
redemption.

-------------------
(1) The term Senior Executive Officer is defined at 12 C.F.R. ss. 563.555.

Harrington West Financial Group, Inc.
Order to Cease and Desist
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<PAGE>

8.  Effective  immediately,  the  Holding  Company  shall not take,  directly or
indirectly,  dividends or any other form of payment  representing a reduction in
the  Association's  capital from the  Association  without  receiving  the prior
written  non-objection of the Regional  Director.  The Holding Company's written
request for such  non-objection  shall be submitted to the Regional  Director at
least thirty (30) days prior to the anticipated  date of receipt of the proposed
dividend payment or capital distribution.

Debt Limitations/Restrictions.
------------------------------

9. Effective  immediately,  the Holding Company shall not incur,  issue,  renew,
repurchase,  or rollover  any debt,  increase  any current  lines of credit,  or
guarantee the debt of any entity  without  receiving the prior written notice of
non-objection of the Regional  Director.  The Holding  Company's written request
for such  non-objection  shall be submitted  to the  Regional  Director at least
thirty  (30) days prior to the  anticipated  date of any such  proposed  action.

Operations Plan.
----------------

10. By October  30,  2009,  the Holding  Company  shall  submit to the  Regional
Director  for  review and  comment an  Operations  Plan that  addresses  how the
Holding  Company  will  meet all  financial  obligations  for the  remainder  of
calendar  year 2009 through the end of calendar  year 2012,  including,  but not
limited to, payments on senior notes,  dividend payments on preferred stock, and
interest  payments on trust preferred  securities  without reliance on dividends
from  the  Association.  The  Operations  Plan  shall  include,  at  a  minimum,
comprehensive pro forma cash flow projections  detailing all anticipated sources
and  uses of  funds,  including,  but not  limited  to,  any  scheduled  payment
obligations of Holding Company related to outstanding debt,  deferred dividends,
operating expenses, and equity issuances.

Harrington West Financial Group, Inc.
Order to Cease and Desist
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<PAGE>

11.  Within  fifteen  (15) days of receipt  of any  comments  from the  Regional
Director,  the Board  shall make the  changes,  if any, to the  Operations  Plan
required by the Regional Director.  Thereafter, the Board shall adopt and ensure
that the Holding  Company  implements  and complies  with the  Operations  Plan.
Within  five  (5)  days of the  Board  meeting  at  which  it was  adopted,  the
Association  shall provide a copy of the Operations Plan adopted by the Board to
the Regional Director.

12. Any request to modify the  Operations  Plan shall be  submitted  to Regional
Director for review and written non-objection at least thirty (30) days prior to
the proposed date to implement any such modification.

13. On a quarterly  basis,  beginning with the quarter ending December 31, 2009,
the Board shall review a report prepared by Management detailing the adequacy of
the  Operations  Plan given the projected  financial  obligations of the Holding
Company and actual operating  results,  including a detailed  description of any
material deviations from the Operations Plan and a description of any corrective
actions or measures that have been  implemented  or are proposed to address each
material deviation (Variance Analysis Report).

14. Within thirty (30) days after the end of each  quarter,  beginning  with the
quarter ending December 31, 2009, the Board shall provide the Regional  Director
with a copy of each  Variance  Analysis  Report,  and the minutes from the Board
meeting  containing  the Board's  discussion  of the Variance  Analysis  Report,
including, if applicable,  any Board discussion of possible modifications to the
Operations Plan.

Thrift Oversight.
-----------------

15. Effective  immediately,  the Holding Company shall ensure the  Association's
compliance  with  applicable  laws,  rules  and  regulations  and all  terms and
conditions of the Association Order.

Harrington West Financial Group, Inc.
Order to Cease and Desist
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<PAGE>

Directorate and Management Changes.
-----------------------------------

16.  Effective  immediately,  the Holding  Company  shall  comply with the prior
notification requirements for changes in directors and Senior Executive Officers
set forth in 12 C.F.R.  Part 563,  Subpart H.

Employment  Contracts/Compensation Arrangements.
------------------------------------------------

17.  Effective  immediately,  the Holding  Company shall not enter into,  renew,
extend,  or revise any  contractual  arrangement  relating  to  compensation  or
benefits for any Senior  Executive  Officer or Director of the Holding  Company,
unless it first  provides the Regional  Director  with not less than thirty (30)
days  prior  written  notice  of the  proposed  transaction.  The  notice to the
Regional  Director shall include a copy of the proposed  employment  contract or
compensation arrangement,  or a detailed written description of the compensation
arrangement  to be offered such Officer or Director,  including all benefits and
perquisites. The Board shall ensure that any contract, agreement, or arrangement
submitted to the Regional  Director fully complies with the  requirements  of 12
C.F.R. Part 359.

Severance and Indemnification Payments.
---------------------------------------

18.  Effective  immediately,  the  Holding  Company  shall  not make any  golden
parachute  payment(2)  or prohibited  indemnification  payment(3)  unless,  with
respect  to each  such  payment,  the  Holding  Company  has  complied  with the
requirements of 12 C.F.R. Part 359.

Effective Date, Incorporation of Stipulation.
---------------------------------------------

19. This Order is  effective on the  Effective  Date as shown on the first page.
The  Stipulation  is  made a part  hereof  and is  incorporated  herein  by this
reference.

-------------------
(2) The term "golden parachute payment" is defined at 12 C.F.R. ss. 359.1(f).
(3) The term "prohibited indemnification payment" is defined at 12 C.F.R.
    ss. 359.1(l).

Harrington West Financial Group, Inc.
Order to Cease and Desist
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<PAGE>

Duration.
---------

20. This Order shall remain in effect until terminated,  modified,  or suspended
by  written  notice  of such  action  by the  OTS,  acting  by and  through  its
authorized representatives.

Time Calculations.
------------------

21.  Calculation of time limitations for compliance with the terms of this Order
run from the  Effective  Date and  shall  be  based  on  calendar  days,  unless
otherwise noted.

22. The Regional Director, or an OTS authorized  representative,  may extend any
of the deadlines set forth in the provisions of this Order upon written  request
by the Holding Company that includes  reasons in support for any such extension.
Any OTS extension shall be made in writing.

Submissions and Notices.
------------------------

23. All submissions,  including any reports,  to the OTS that are required by or
contemplated by this Order shall be submitted within the specified time frames.

24.  Except  as  otherwise   provided   herein,   all   submissions,   requests,
communications,  consents, or other documents relating to this Order shall be in
writing and sent by first-class U. S. mail (or by reputable  overnight  carrier,
electronic facsimile  transmission,  or hand delivery by messenger) addressed as
follows:

        (a)     To the OTS:
                -----------

                C.K. Lee, Regional Director
                Western Region, Office of Thrift Supervision
                225 E. John Carpenter Freeway, Suite 500
                Irving, TX 75062-2326

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<PAGE>

                With a copy to:
                ---------------

                Anthony J. Jardieu, III, Assistant Director
                Office of Thrift Supervision, Western Region
                225 E. John Carpenter Freeway, Suite 500
                Irving, TX 75062-2326

        (b)     To the Holding Company:
                -----------------------

                Craig J. Cerny, Chairman
                Harrington West Financial Group, Inc.
                610 Alamo Pintado Road
                Solvang, CA 93463

No Violations Authorized.
-------------------------

25. Nothing in this Order or the Stipulation  shall be construed as allowing the
Holding Company, its Board,  officers, or employees to violate any law, rule, or
regulation.

IT IS SO ORDERED.

                                OFFICE OF THRIFT SUPERVISION

                                By: /s/
                                    --------------------------------------------
                                    C.K. Lee
                                    Regional Director, Western Region

                                    Date: See Effective Date on page 1

Harrington West Financial Group, Inc.
Order to Cease and Desist
Page 8 of 8Exhibit 10.2

                            UNITED STATES OF AMERICA
                                   Before the
                          OFFICE OF THRIFT SUPERVISION

-------------------------------
In the Matter of               )                Order No.:  WN-09-032
                               )
HARRINGTON WEST FINANCIAL      )                Effective Date: October 14, 2009
  GROUP, INC.                  )
                               )
Solvang, California            )
OTS Docket No. H2621           )
-------------------------------

        STIPULATION AND CONSENT TO ISSUANCE OF ORDER TO CEASE AND DESIST
        ----------------------------------------------------------------

     WHEREAS,  the Office of Thrift Supervision (OTS), acting by and through its
Regional  Director for the Western Region  (Regional  Director),  and based upon
information  derived  from  the  exercise  of  its  regulatory  and  supervisory
responsibilities,  has informed  Harrington West Financial Group, Inc., Solvang,
California,  OTS  Docket No.  H2621  (Holding  Company),  that the OTS is of the
opinion that grounds exist to initiate an administrative  proceeding against the
Holding Company pursuant to 12 U.S.C. ss. 1818(b);

     WHEREAS,  the  Regional  Director,  pursuant  to  delegated  authority,  is
authorized  to issue Orders to Cease and Desist where a savings and loan holding
company has consented to the issuance of an order; and

     WHEREAS, the Holding Company desires to cooperate with the OTS to avoid the
time and expense of such administrative  cease and desist proceeding by entering
into this  Stipulation  and Consent to the Issuance of Order to Cease and Desist
(Stipulation)  and,  without  admitting or denying that such grounds exist,  but
only  admitting  the  statements  and  conclusions  in  Paragraphs  1 - 3  below
concerning Jurisdiction, hereby stipulates and agrees to the following terms:

Harrington West Financial Group, Inc.
Stipulation and Consent to Issuance of Order to Cease and Desist
Page 1 of 5
<PAGE>
Jurisdiction.
-------------

1. The  Holding  Company  is a "savings  and loan  holding  company"  within the
meaning of 12 U.S.C. ss.  1813(w)(3) and 12 U.S.C. ss. 1467a.  Accordingly,  the
Holding Company is a "depository  institution  holding  company" as that term is
defined in 12 U.S.C. ss. 1813(w)(1).

2.  Pursuant to 12 U.S.C.  ss.  1818(b)(9),  the  "appropriate  Federal  banking
agency" may  initiate  cease and desist  proceedings  against a savings and loan
holding  company  in the  same  manner  and  to the  same  extent  as a  savings
association for regulatory violations and unsafe or unsound acts or practices.

3.  Pursuant  to 12  U.S.C.  ss.  1813(q),  the  Director  of  the  OTS  is  the
"appropriate   Federal  banking   agency"  with   jurisdiction  to  maintain  an
administrative  enforcement  proceeding  against  a  savings  and  loan  holding
company.  Therefore,  the Holding Company is subject to the authority of the OTS
to initiate and maintain an administrative  cease and desist proceeding  against
it pursuant to 12 U.S.C. ss. 1818(b).

OTS Findings of Fact.
---------------------

4. Based on its ongoing  supervision of the Holding Company,  the OTS finds that
the Holding  Company has engaged in unsafe and unsound  practices  by failing to
ensure that its wholly owned  savings  association  subsidiary,  Los Padres Bank
(Association),  did not engage in unsafe and unsound  practices that resulted in
deteriorating asset quality,  deficient earnings,  and inadequate capital levels
at the Association.

Consent.
--------

5. The Holding Company  consents to the issuance by the OTS of the  accompanying
Order to Cease and Desist (Order).  The Holding Company further agrees to comply
with the terms of the Order upon the Effective  Date of the Order and stipulates
that the Order complies with all requirements of law.

Harrington West Financial Group, Inc.
Stipulation and Consent to Issuance of Order to Cease and Desist
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<PAGE>
Finality.
---------

6. The Order is issued by the OTS under 12 U.S.C. ss. 1818(b). Upon the
Effective Date, the Order shall be a final order, effective, and fully
enforceable by the OTS under the provisions of 12 U.S.C. ss. 1818(i).

Waivers.
--------

7. The Holding Company waives the following:

     (a) the right to be  served  with a  written  notice  of the OTS's  charges
     against it as provided by 12 U.S.C. ss. 1818(b) and 12 C.F.R. Part 509;

     (b) the right to an administrative hearing of the OTS's charges as provided
     by 12 U.S.C. ss. 1818(b) and 12 C.F.R. Part 509;

     (c) the right to seek  judicial  review of the  Order,  including,  without
     limitation,  any such right provided by 12 U.S.C. ss. 1818(h), or otherwise
     to challenge the validity of the Order; and

     (d) any and all claims against the OTS, including its employees and agents,
     and any other governmental entity for the award of fees, costs, or expenses
     related to this OTS  enforcement  matter and/or the Order,  whether arising
     under common law, federal statutes, or otherwise.

OTS Authority Not Affected.
---------------------------

8. Nothing in this Stipulation or accompanying Order shall inhibit,  estop, bar,
or otherwise  prevent the OTS from taking any other action affecting the Holding
Company if, at any time,  the OTS deems it  appropriate  to do so to fulfill the
responsibilities placed upon the OTS by law.

Other Governmental Actions Not Affected.
----------------------------------------

9. The Holding Company  acknowledges and agrees that its consent to the issuance
of the Order is solely  for the  purpose  of  resolving  the  matters  addressed
herein,  consistent  with  Paragraph 8 above,  and does not  otherwise  release,
discharge,  compromise,  settle,  dismiss,  resolve,  or in any way  affect  any
actions,  charges  against,  or  liability  of the  Holding  Company  that arise
pursuant to this action or  otherwise,  and that may be or have been  brought by
any governmental entity other than the OTS.

Harrington West Financial Group, Inc.
Stipulation and Consent to Issuance of Order to Cease and Desist
Page 3 of 5
<PAGE>

Miscellaneous.
--------------

10. The laws of the United States of America shall govern the  construction  and
validity of this Stipulation and of the Order.

11.  If any  provision  of this  Stipulation  and/or  the  Order  is ruled to be
invalid,  illegal,  or  unenforceable  by the decision of any Court of competent
jurisdiction,  the  validity,  legality,  and  enforceability  of the  remaining
provisions hereof shall not in any way be affected or impaired  thereby,  unless
the Regional Director in his or her sole discretion determines otherwise.

12. All references to the OTS in this  Stipulation and the Order shall also mean
any of the OTS's predecessors, successors, and assigns.

13. The section and paragraph headings in this Stipulation and the Order are for
convenience only and shall not affect the  interpretation of this Stipulation or
the Order.

14. The terms of this Stipulation and of the Order represent the final agreement
of the parties with respect to the subject matters  thereof,  and constitute the
sole agreement of the parties with respect to such subject matters.

15. The Stipulation and Order shall remain in effect until terminated, modified,
or suspended  in writing by the OTS,  acting  through its  Regional  Director or
other authorized representative.

Signature of Directors/Board Resolution.
----------------------------------------

16. Each Director signing this Stipulation attests that he or she voted in favor
of a Board  Resolution  authorizing  the consent of the  Holding  Company to the
issuance of the Order and the execution of the Stipulation. This Stipulation may
be executed in  counterparts by the directors after approval of the execution of
the Stipulation at a duly called board meeting.

Harrington West Financial Group, Inc.
Stipulation and Consent to Issuance of Order to Cease and Desist
Page 4 of 5
<PAGE>

     WHEREFORE,   the  Holding   Company,   by  its  directors,   executes  this
Stipulation.

                                        Accepted by:

HARRINGTON WEST FINANCIAL               OFFICE OF THRIFT SUPERVISION
  GROUP, INC.
Solvang, California

By: /s/                                 By: /s/
    --------------------------------    ---------------------------------------
    Craig J. Cerny                          C.K. Lee
    Chairman                                Regional Director, Western Region

                                        Date: See Effective Date on page 1

/s/
------------------------------------
Paul O. Halme, Director

/s/
------------------------------------
Tim Hatlestad, Director

/s/
------------------------------------
John J. McConnell, Director

/s/
------------------------------------
William W. Phillips, Jr., Director

/s/
------------------------------------
William D. Ross, Director

Harrington West Financial Group, Inc.
Stipulation and Consent to Issuance of Order to Cease and Desist
Page 5 of 5

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