Pacific Capital Bancorp (PCBC)

[Enterprising Investor]

No Shareholder Vote Required.

Submission of Matters to a Vote of Security Holders.

On March 9, 2012, following the execution of the Merger Agreement, SB Acquisition Company LLC, the holder of 25,000,000 shares of the Company’s common stock, constituting approximately 76 percent of the outstanding shares of the Company’s common stock, delivered to the Company its action by written consent adopting and approving the Merger Agreement and the Merger. No further approval of the stockholders of the Company is required to approve the Merger Agreement and the Merger.

http://sec.gov/Archives/edgar/data/357264/000089882212000108/pcbcannouncement8-k.htm