AMENDMENT NO. 3 TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Exhibit 10.1

AMENDMENT NO. 3 TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

        THIS AMENDMENT NO. 3 TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT, dated as of August 31, 2007 ("Amendment No. 3"), between FIRST COMMUNITY BANCORP, a corporation formed under the laws of the State of California ("Borrower"), and U.S. BANK NATIONAL ASSOCIATION, a national banking association ("Lender"), amends and supplements that certain Amended and Restated Revolving Credit Agreement, dated as of August 3, 2006, as amended by Amendment No. 1 to Amended and Restated Revolving Credit Agreement dated as of November 21, 2006 and by Amendment No. 2 to Amended and Restated Revolving Credit Agreement dated as of August 2, 2007 (as so amended, the "Credit Agreement"), between Borrower and Lender.

RECITAL

        The parties desire to amend and supplement the Credit Agreement as provided below.

AGREEMENTS

        In consideration of the Recital, the promises and agreements set forth in the Credit Agreement, as amended hereby, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

        1.     Definitions and References.     Capitalized terms not otherwise defined herein have the meanings assigned in the Credit Agreement. All references to the Credit Agreement contained in the Note, the Pledge Agreement and the other agreements, documents and instruments referred to in the Credit Agreement shall, upon fulfillment of the conditions specified in section 3 below, mean the Credit Agreement as amended by this Amendment No. 3.

        2.     Amendment.     The first sentence of section 1.1 of the Credit Agreement is amended by deleting the date "Augus