Pacific Capital Bancorp Will Accept State of California Warrants

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Tue Jul 7, 2009 5:03pm EDT

SANTA BARBARA, Calif.--(Business Wire)--
Pacific Capital Bancorp (Nasdaq:PCBC) announced today that it will accept
registered warrants ("IOUs") issued by the State of California from its existing
customers for a limited time, beginning today through the end of business on
July 10, 2009. 

"We recognize that some of our customers, through no fault of their own, may be
negatively impacted by the continuing budget crisis in California," said George
S. Leis, President and CEO of Pacific Capital Bancorp. "We hope that this
temporary assistance is helpful and that our legislators move quickly to pass a
budget. This week, we encourage any of our customers who are impacted by this
issue to visit their local branch office for details about how we can help." 

Pacific Capital Bancorp is the parent company of Pacific Capital Bank, N.A., a
nationally chartered bank that operates 46 branches under the local brand names
of Santa Barbara Bank & Trust, First National Bank of Central California, South
Valley National Bank, San Benito Bank and First Bank of San Luis Obispo. The
company`s website can be found at www.pcbancorp.com. 







Pacific Capital Bancorp
Debbie Whiteley, Executive Vice President, Investor Relations, 805-884-6680
Debbie.Whiteley@pcbancorp.com

Copyright Business Wire 2009

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