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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 Ed L. Hickman (the "Selling Shareholder"), a director of VIB Corp (the
"Company") and President and Chief Executive Officer of Bank of Stockdale,
F.S.B. ,a wholly-owned subsidiary of the Company, of 19,000 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 National Market System under the trading symbol
"VIBC." The last sale price for the Common Stock as so reported was on June 22,
1999 and was $9.625 per share.
In 1998, a total of 21,228 shares of Common Stock, acquired upon
exercise of options granted under the Plan, were sold by executive officers and
directors of the Company pursuant to Supplements to Reoffer Prospectus. The
Supplements to Reoffer Prospectus covering the 21,228 shares (in aggregate) were
filed with the Securities and Exchange Commission (the "SEC") and are available
to the public for inspection at the SEC's website (www.sec.gov).
On June 18, 1999, a Supplement to Reoffer Prospectus covering the
resale by Janice Stewart Grady, Senior Vice President/Human Resources of the
Company, of 3,398 shares of Common Stock acquired pursuant to that certain stock
option agreement executed by and between the Company and Ms. Grady in connection
with the Plan, was filed with the SEC. The 3,398 shares of Common Stock were
sold through Sutro & Co., Incorporated, a licensed broker ("Sutro"), on the
Nasdaq National Market System at market on or about June 22, 1999. The Company
did not receive any of the proceeds from the sale.
PLAN OF DISTRIBUTION
The Company has been notified that 19,000 shares of the Common Stock
will be sold through Sutro. The 19,000 shares of Common Stock will be sold on
the Nasdaq National Market System at market sometime in late-June or early-July,
1999. The Company will not receive any of the proceeds from the sale of shares
of the Common Stock by the Selling Shareholder. Other than as disclosed herein,
there are no other material terms concerning the proposed sale.
The date of this Supplement is June 23, 1999.
