Sierra Bancorp Declares Quarterly Cash Dividend

PORTERVILLE, Calif., July 22, 2016

Sierra Bancorp is the holding company for Bank of the Sierra (www.bankofthesierra.com), which is in its 39^th year of operations and is the largest independent bank headquartered in the South San Joaquin Valley.  On July 8, 2016, the Company acquired Coast Bancorp and merged Coast National Bank into Bank of the Sierra, thereby expanding its coverage to the communities of San Luis Obispo, Arroyo Grande, Paso Robles and Atascadero, California.  Subsequent to the merger the Company has close to $2 billion in assets, and conducts business through 33 full-service branches, a loan production office, an online branch, a real estate industries center, an agricultural credit center, and an SBA center.

The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company.  Readers are cautioned not to unduly rely on forward looking statements.  Actual results may differ from those projected.  These forward-looking statements involve risks and uncertainties including but not limited to the Company's ability to maintain current dividend payments or increase dividend payouts to shareholders, the Company's ability to generate adequate financial results, changes in economic conditions, interest rates and loan portfolio performance, and other factors detailed in the Company's SEC filings.  Sierra Bancorp undertakes no responsibility to update or revise any forward-looking statements.

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SOURCE Sierra Bancorp