Item 5.02(b) Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On February 11, 2009, Lee Mikles and John T. Olds, Members of the Board of
Directors of Pacific Capital Bancorp, advised the Board that they will not stand
for reelection to the Board at the Annual Meeting of Shareholders on April 30,
2009. Both individuals indicated that their decision was made to enable them to
devote more time to their other personal and business commitments. Mr. Mikles
and Mr. Olds will each complete the current year of service, which will conclude
the day of the Annual Meeting. Both have indicated that they would like to
remain in formal advisory/consultant roles to Pacific Capital Bancorp. Mr.
Mikles has been a Director since 2007 and also serves on Pacific Capital
Bancorp's Audit Committee and Refund Anticipation Loan / Refund Transfer
Committee. Mr. Olds has been a Director since January 2009 and also serves on
the Audit Committee.
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