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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 (the "Bank"), a
wholly-owned subsidiary of VIB Corp (the "Company"), of 8,000 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
September 8, 1999 and was $9.25 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 web site (www.sec.gov).
On June 18, 1999, a Supplement to Reoffer Prospectus covering the resale
of 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.
On June 23, 1999, a Supplement to Reoffer Prospectus covering the resale
by Ed L. Hickman, a director of 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 Common Stock acquired pursuant to that certain stock option
agreement executed by an between the Company and Mr. Hickman in connection with
the Plan, was filed with the SEC. The 19,000 shares of Common Stock were sold
through Sutro & Co., Incorporated, a licensed broker ("Sutro"), on the Nasdaq
National Market System on or about June 23, 1999. The Company did not receive
any of the proceeds from the sale.
PLAN OF DISTRIBUTION
The Company has been notified that 8,000 shares of the Common Stock will
be sold through Sutro. The 8,000 shares of Common Stock will be sold on the
Nasdaq National Market System at market sometime in mid to late September,
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 September 8, 1999.
