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McDermott & Bull and Client Pacific Capital Bancorp Announce the Placement of Mark Olson as Chief Financial Officer

IRVINE, LOS ANGELES, WESTLAKE VILLAGE, and PLEASANTON, California, July 15, 2010 – McDermott & Bull Executive Search, a Southern California-based retained executive search firm, announced today the successful appointment of Mr. Mark Olson as Chief Financial Officer of Pacific Capital Bancorp in Santa Barbara, California.

“Pacific Capital was searching for a strategic finance visionary, capable of navigating strict compliance regulations, enhancing processes, while also creating effective initiatives. We found Mark to have the right finance and accounting experience in identifying major opportunities and challenges and creating optimal solutions for Pacific Capital,” explained Fleming Jones, Senior Principal Consultant at McDermott & Bull who conducted the search.

This search was completed by Fleming Jones and Rod McDermott, Managing Director of McDermott & Bull.

Before joining Pacific Capital Bancorp, Mr. Olson was a Vice President and the Finance Director for Goldman Sachs Bank in Utah, governing overall strategic financial activities. For three years prior, he managed and oversaw global treasury and financial operations as the Director of Finance, Corporate Controller, and Treasurer for the Church of Jesus Christ of Latter-day Saints. Rising to the level of Senior Vice President, Chief Financial Officer, and Controller, Mr. Olson also worked at Wachovia Auto Finance, formerly Westcorp, for fourteen years.

Mr. Olson received his Bachelor of Science degree in Accounting from Utah State University in Logan, Utah. He is also a Certified Public Accountant from the state of California.

About the Client

Pacific Capital Bancorp (www.pcbancorp.com) is the holding company for Pacific Capital Bank, N.A., the largest independent banking company headquartered on the Central Coast of California. As a community bank holding company, Pacific Capital Bancorp (PCB) provides full service banking, including consumer and commercial lending, trust and investment advisory services, and other consumer and business banking products through its subsidiaries’ retail branches, commercial and wealth management centers, and other distribution channels to consumers and businesses. PCB has five wholly owned subsidiaries, Pacific Capital Bank, National Association (the Bank or PCBNA), a banking subsidiary and four unconsolidated subsidiaries.

About McDermott & Bull

McDermott & Bull, Inc. (www.mbsearch.net) is a retained executive search firm headquartered in Irvine, California with offices in Los Angeles, Westlake Village, and the San Francisco Bay area. The firm serves both public and privately held clients in a variety of industries and functional areas. McDermott & Bull has developed expertise in fields including Technology, Financial Services, Energy, Manufacturing, Bio-Tech and Life Science, Retail, the Building Industry, Professional Services, and others. Founded by Rod McDermott and Christopher Bull, the firm specializes in recruiting difficult-to-find and critical senior level talent for its clients. McDermott & Bull works with a large number of prestigious clients including Allergan, Advanced Medical Optics, Black & Decker, Harbor Freight Tools, Boeing, Aramark, Cisco Systems, Western Digital, Conexant, Google, Invitrogen, Meggitt PLC, J.F. Shea, Comerica Bank and Union Bank.

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