Pacific Capital Bancorp (PCBC)

[Enterprising Investor]

Schedule 14C filed (11/24/10)

This is a Preliminary Information Statement subject to SEC approval.

The plan is to:

1. Amend the Company’s Articles of Incorporation, as amended to (i) effect a reverse stock split of the Common Stock by a ratio of one-for-one hundred, and (ii) reduce the number of authorized shares of Common Stock from 5,000,000,000 to 50,000,000 (Reverse Stock Split). The effective date is expected to be 12/28/10.

2. Adopt the Pacific Capital Bancorp 2010 Equity Incentive Plan. The effective date is expected to be 12/28/10.

3. Reincorporate in Delaware by means of a merger of the Company with and into a wholly-owned Delaware subsidiary of the Company. The effective date is expected to be 12/29/10.

http://sec.gov/Archives/edgar/data/357264/000119312510268801/dpre14c.htm