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

On June 9, 2009, Pacific Capital Bancorp and its wholly-owned subsidiary, Pacific Capital Bank, N.A. (the "Bank"), appointed Stephen V. Masterson, the Executive Vice President and Chief Financial Officer of the Company and the Bank, to a new position of Chief Financial & Operating Officer.

Prior to joining the Company, Mr. Masterson spent 16 years in public accounting and consulting, 10 years with Arthur Andersen LLP in Nashville and Los Angeles, and 6 years with Grant Thornton LLP in Los Angeles. During his tenure in public accounting and consulting, Mr. Masterson primarily served clients in the financial institutions' industry from both a financial statement audit perspective, and an operational and regulatory consulting perspective. He was a Partner and served as the Partner-in-Charge of Grant Thornton's Woodland Hills Office within the San Fernando Valley of Los Angeles, and also served as the Partner-in-Charge for their Western Region Consulting Practice. Mr. Masterson holds a Bachelor of Science degree in Commerce and Business Administration, with a major in Accounting, from the University of Alabama. He is a Certified Public Accountant in California, Nevada, Arizona and Georgia.