First National Bank of Central California
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"Do you require a financial guarantee or indemnity to support an international or domestic business transaction?"

First National Bank can issue Standby Letters of Credit which provide financial guarantees on behalf of its customer. This guarantee replaces the credit worthiness of the customer with the Bank's, thereby providing a strong financial enhancement to the underlying transaction.

Your Standby Letters of Credit are issued for many purposes. They represent an obligation by First National Bank to the beneficiary to:
  • Repay money borrowed by you -or-
  • Make payment on account of any indebtedness undertaken by you -or-
  • Make payment on account of any claimed default by you in the performance of an obligation.
Your Benefits:
  • The expertise of our staff helps to ensure that you are protected and your transaction is accurately processed.
  • Before payment can be made under your Standby Letter of Credit, complying documents must be presented.
Our Commitment to You:
  • We review your application with you to ensure the proper content and that all key areas of risk are addressed.
  • When documents are received, they are examined against the Letter of Credit for compliance.
  • Payment is made only if documents are in order.
  • We are committed to issuing you Letters of Credit in the fastest possible manner.

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Santa Barbara Bank & Trust, First National Bank of Central California, South Valley National Bank, San Benito Bank, and First Bank of San Luis Obispo are divisions of Pacific Capital Bank, N.A., member FDIC.

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