Pacific Capital Bancorp (PCBC) announced Monday morning that it agreed to be acquired by UnionBanCal Corp. for $46 per share in cash.
Pacific Capital Bancorp gapped up sharply higher Monday, but traded in a narrow range throughout the day. The stock closed up by 16.34 at $45.03 on the highest volume of the year and set a new 52-week high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.