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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., Executive Vice President and Chief Credit Officer
of Valley Independent Bank (the "Bank"), a wholly-owned subsidiary of VIB Corp
(the "Company"), Harry G. Gooding, III, Executive Vice President and Chief
Financial Officer of the Company and the Bank, and Janice Stewart Grady, Senior
Vice President and Human Resources Director of the Bank (collectively, the
"Selling Shareholders"), of 1,692 shares, 9,248 shares and 4,042 shares,
respectively (14,982 in aggregate), 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 Shareholders 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 February
14, 2000 and was $7.375 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").
In 1999, a total of 30,398 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 30,398 shares (in aggregate) were
filed with the SEC.
Copies of each Supplement to Reoffer Prospectus for 1999 and 1998 are
available to the public for inspection at the SEC's web site at www.sec.gov.
PLAN OF DISTRIBUTION
The Company has been notified that 14,982 shares of the Common Stock
will be sold through Sutro & Company, a licensed broker. The 14,982 shares of
Common Stock will be sold on the Nasdaq National Market System at market on or
about February 21, 2000. The Company will not receive any of the proceeds from
the sale of shares of the Common Stock by the Selling Shareholders. Other than
as disclosed herein, there are no other material terms concerning the proposed
sale.
The date of this Supplement is February 15, 2000.
