Wrapping up the second season of "Bates Motel" on Monday, A&E Networks has officially announced that it will renew the popular television show starring Vera Farmiga and Freddie Highmore as the infamous mother-son duo.

"Bates Motel" Season 3 will comprise 10 episodes and production for the new season will commence in the fall. The show is expected to be premiered in March 2015.

In a statement issued on Monday, A&E Networks executive vice-president and general manager David McKillop said, "The incredible writing team and talented Bates Motel cast has made this series one of the most compelling original dramas on television."

McKillop added, "The brilliant twists and turns of the past two seasons keep its loyal fan base coming back for more. We are so proud of the show."

Since the series made its debut last spring, it has become the highest-rated original drama in the history of A&E Network. The network claimed that the premiere of "Bates Motel" Season 2 attracted 4.6 million viewers.

Incidentally, the first season of "Bates Motel" premiered on March 18, 2013 and continued till May 20, Season 2 premiered on March 3, 2014 and ended on May 5.

The show is the brainchild of "Lost" mastermind Cartlon Cuse and Kerry Ehrin of "Friday Night Light." In an interview with Dread Central, executive producer Cuse talked at length about the forthcoming season.

"Our goal is to continue to write the show on a high level and make Season 3 hopefully even better than Season 2. Our expectations are that high, and we - Kerry Ehrin and I - have actually spent a fair amount of time talking about it and we do have a preliminary game plan that we're very excited about. It's tough to say too much about it because a lot of it is driven by events that are in the finale that I don't want to spoil on this phone conference," Cuse said.