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Filed Pursuant to Rules 424(b)(3)
and 424(c) of Regulation C
Registration No. 333-50701
VIB CORP
SUPPLEMENT
TO
REOFFER PROSPECTUS DATED APRIL 22, 1998
This Supplement to Reoffer Prospectus (this "Supplement") covers the
resale by Jack Brittain, Jr. (the "Selling Shareholder"), Executive Vice
President and Chief Credit Officer of Valley Independent Bank, a wholly-owned
subsidiary of VIB Corp (the "Company"), of 8,976 shares of the Company's common
stock, no par value per share (the "Common Stock"), acquired pursuant to that
certain stock option agreement executed by and between the Company and the
Selling Shareholder in connection with the VIB Corp 1997 Stock Option Plan (the
"Plan").
The Common Stock is quoted on the National Association of Securities
Dealers Automated Quotation System National Market under the trading symbol
"VIBC." The last sale price for the Common Stock as so reported was on
September 9, 1998 and was $11.75 per share. The Company will not receive any of
the proceeds from the sale of shares of the Common Stock by the Selling
Shareholder.
On June 12, 1998, a Supplement to Reoffer Prospectus covering the resale
by Dennis L. Kern, President and Chief Executive Officer, of 5,000 shares of
Common Stock acquired pursuant to that certain stock option agreement executed
by and between the Company and Mr. Kern in connection with the Plan, was filed
with the Securities and Exchange Commission. The 5,000 shares of Common Stock
were sold through Sutro & Co., Incorporated, a licensed broker ("Sutro"), on
the Nasdaq National Market System on or about June 18, 1998. The Company did
not receive any of the proceeds from the sale.
On May 20, 1998, a Supplement to Reoffer Prospectus covering the resale by
Harry G. Gooding, III, Executive Vice President and Chief Financial Officer, of
7,252 shares of Common Stock acquired pursuant to that certain stock option
agreement executed by and between the Company and Mr. Gooding in connection
with the Plan, was filed with the Securities and Exchange Commission. The 7,252
shares of Common Stock were sold through Sutro on the Nasdaq National Market
System on or about May 22, 1998. The Company did not receive any of the
proceeds from the sale.
PLAN OF DISTRIBUTION
The Company has been notified that 8,976 shares of the Common Stock will
be sold through Sutro. The 8,976 shares of Common Stock will be sold on the
Nasdaq National Market System at market in multiple transactions on or about
the following dates: September 15, October 20, and December 20, 1998. Sutro
will receive a 1/4% commission for their services in connection with the
proposed sale. Other than as disclosed herein, there are no other material
terms concerning the proposed sale.
The date of this Supplement is September 10, 1998.
