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

The following press release was published by the Board of Governors of the Federal Reserve System on Nov. 14, 2012. It is reproduced in full below.

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.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System