Release Date: November 14, 2012
For immediate release
The Federal Reserve Board on Wednesday announced its approval of the application by Mitsubishi UFJ Financial Group, Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd., both of Tokyo, Japan, and UnionBanCal Corporation (UnionBanCal), San Francisco, California, to (1) acquire Pacific Capital Bancorp (PCB) and its subsidiary bank, Santa Barbara Bank Trust, N.A., both of Santa Barbara, California, and (2) merge PCB with UnionBanCal.
Attached is the Board's Order relating to this action.
For media inquiries, call 202-452-2955.