November 14, 2012

Federal Reserve Board announces its approval of the application by Mitsubishi UFJ Financial Group, Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd., and UnionBanCal Corporation

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.

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Last Update: November 14, 2012