QuickLinks -- Click here to rapidly navigate through this document
ARTICLES OF INCORPORATION
The undersigned incorporator for the purpose of forming a corporation under the General Corporation Law of the State of
California hereby certifies:
in the office of the Secretary of State
of the State of California
February 1, 2001
BILL JONES, Secretary of State
The name of this corporation is: COAST BANCORP.
The purposes of this corporation is to engage in any lawful act or activity for which
a corporation may be organized under the General Corporation Law of California
other than the banking business, the trust business, or the practice of a profession
permitted to be incorporated by the California Corporations Code.
The name and address in this state of this corporation's initial agent for service of
process is Jack Wauchope, Coast National Bank, 553 Higuera Street, San Luis
Obispo, CA, 93401.
This corporation is authorized to issue two classes of stock, designated "Common
Stock" and "Preferred Stock." The number of shares of Common Stock the
corporation is authorized to issue is 10,000,000. The number of shares of Preferred
Stock the corporation is authorized to issue is 10,000,000. The Common Stock and
the Preferred Stock shall have no par value.
The Preferred Stock may be issued from time to time in one or more series. The
board of directors is authorized to designate and to fix the number of shares of any
such series of Preferred Stock and to determine and alter the rights, preferences,
privileges and restrictions granted to or imposed upon any wholly unissued series
of Preferred Stock. The board of directors, within the limits stated in any resolution
of the board of directors originally fixing the number of shares constituting any
series, may increase or decrease (but not below the number of shares of such series
then outstanding) the num