Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 17, 2020, the board of directors of Sierra Bancorp (the "Company") and Bank of the Sierra (the "Bank") appointed Susan Abundis and Julie Castle to fill two new positions on the boards of directors of the Company and the Bank effective immediately. In addition, the board of directors of Sierra Bancorp has appointed both Ms. Abundis and Ms. Castle to the Governance and Nominating Committee. Further, the board of Bank of the Sierra has appointed Ms. Abundis to its Senior Loan Committee while the respective boards have appointed Ms. Castle to their Audit Committee and Risk Committee.

There are no arrangements or understandings between either Ms. Abundis or Ms. Castle and any other person pursuant to which either became a director. Neither Ms. Abundis nor Ms. Castle is a party to any transaction with the Company or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K.

Both Ms. Abundis and Ms. Castle will receive an annual retainer of $25,700 effective January 1, 2021 as well as per meeting fees of $600 each, consistent with the compensation of other Company and Bank directors.

The Company's press release announcing the appointments of Ms. Abundis and Ms. Castle is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS

(d)Exhibits. The information required to be furnished pursuant to this item is set forth in the Exhibit Index which appears below, immediately before the signatures.

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