UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported)

February 25, 2009

1^st CENTENNIAL BANCORP

(Exact Name of Registrant as Specified in its Charter)

California	000-29105	91-1995265
(State or other jurisdictionof incorporation or organization)	(Commission File No.)	(I.R.S. Employee Identification No.)
(State or other jurisdiction of incorporation or organization)	(Commission File No.)	(I.R.S. Employee Identification No.)

218 East State Street, Redlands, California 92373

(Address of Principal Executive Offices) (Zip Code)

(909) 798-3611

(Registrant’s Telephone Number including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the follow provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 12.0304 ~~Bankruptcy~~Triggering Events that Accelerate or ~~Receivership~~Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

As previously reported by 1st Centennial Bancorp (the “Company”), ~~intends to file a voluntary petition~~ in ~~the~~its ~~United States Bankruptcy Court for the Central District of California~~February 25, ~~Riverside~~2009 ~~Division by March 31~~Form 8-K, the ~~2009,~~planned ~~seeking relief under~~ Chapter 7 bankruptcy filing of Title 11 of the United States Code~~. The~~ ~~Chapter~~would 7cause ~~bankruptcy~~an ~~filing~~event isof adefault ~~result~~under of the ~~previously~~terms ~~reported~~of ~~January 23, 2009 Form 8-K whereby~~ the ~~California~~indentures ~~Department~~governing oftrust ~~Financial~~preferred ~~Institutions~~securities ~~closed~~issued by the Company’s ~~former~~two ~~subsidiary,~~unconsolidated ~~1st~~special ~~Centennial Bank (the “Bank”) and~~purpose ~~subsequently,~~business ~~the~~trusts ~~Federal~~Centennial ~~Deposit~~Capital ~~Insurance~~Trust ~~Corporation~~II ~~(“FDIC”) was appointed as receiver. Subsequent to the Bank closure~~ and ~~receivership,~~Centennial ~~the~~Capital ~~FDIC informed the Company that First California Bank, subsidiary of First California Group, Inc (NASDAQ:FCAL) assumed all non-brokered insured deposits of the Bank from the FDIC as receiver~~Trust III.

AsUpon athe ~~result~~occurrence of ~~the~~this ~~FDIC~~event ~~being appointed receiver~~ of ~~1st Centennial Bank on January 23~~default, ~~2009,~~ the ~~assumption~~entire ofprincipal, premium ~~non-brokered deposits by First California Bank~~ and ~~the~~any ~~planned~~accrued ~~Chapter~~unpaid 7interest ~~bankruptcy~~will ~~filing,~~be ~~the~~declared ~~Company~~immediately ~~has~~due ~~ceased~~and ~~all~~payable ~~business~~without ~~activity~~further ~~and~~action ~~operations,~~by ~~since~~either the ~~Bank~~trustee ~~was~~or the ~~Company’s~~ ~~only~~holders ~~source~~ of ~~revenue. Upon filing of~~ the ~~petition,~~trust ~~the~~preferred ~~court will appoint a bankruptcy trustee who will be responsible for liquidating the Company~~securities.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Dated: February 25, 2009	1st CENTENNIAL BANCORP
Dated: March 2, 2009		1st CENTENNIAL BANCORP
	~~By:~~	~~/s/ Patrick J. Meyer~~By:	/s/ Patrick J. Meyer
		~~Patrick J. Meyer, Chairman of the Board~~	Patrick J. Meyer, Chairman of the Board

Filing Compare · 1ST CENTENNIAL BANCORP