FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   DEEMS GARY W 2. Date of Event Requiring Statement (Month/Day/Year) 10/26/2006 3. Issuer Name and Ticker or Trading Symbol FIRST COMMUNITY BANCORP /CA/ [FCBP] (Last) (First) (Middle) 401 WEST "A" STREET 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) SAN DIEGO, CA 92101 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 8,005 (1) (4) I G & R Deems Trust Common Stock 299 (2) (4) I Wife's IRA Common Stock 65,641 (3) (4) D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
DEEMS GARY W 401 WEST "A" STREET SAN DIEGO, CA 92101	  X	Â	Â	Â

Signatures

Gary W. Deems		11/03/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Received in exchange for 10,892 shares of Community Bancorp, Inc. common stock based on an exchange ratio of 0.735 of a share of First Community Bancorp common stock for each share of Community Bancorp common stock in connection with the merger of Community Bancorp into First Community (the "Merger") which was completed on October 26, 2006. On the effective date of the Merger, the closing price of Community Bancorp's common stock was $39.81 per share, and the closing price of First Community's common stock was $54.18.
(2)	Received in exchange for 407 shares of Community Bancorp, Inc. common stock based on an exchange ratio of 0.735 of a share of First Community Bancorp common stock for each share of Community Bancorp common stock in connection with the merger of Community Bancorp into First Community (the "Merger") which was completed on October 26, 2006. On the effective date of the Merger, the closing price of Community Bancorp's common stock was $39.81 per share, and the closing price of First Community's common stock was $54.18.
(3)	Received in exchange for 89,308 shares of Community Bancorp, Inc. common stock based on an exchange ratio of 0.735 of a share of First Community Bancorp common stock for each share of Community Bancorp common stock in connection with the merger of Community Bancorp into First Community (the "Merger") which was completed on October 26, 2006. On the effective date of the Merger, the closing price of Community Bancorp's common stock was $39.81 per share, and the closing price of First Community's common stock was $54.18.
(4)	The transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to, without limitation, Rule 16b-3.
  Remarks: Exhibit 24 -- Power of Attorney

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