Careers

Flexible Benefits Program

Our corporation offers a flexible benefits program which lets employees choose the components of their benefits package to meet their specific needs. Employees who work 21 or more hours a week are eligible for this program.

Coverage options include medical plans, dental plans, tax-free reimbursement accounts, employee life and accident insurance, long-term disability insurance and dependent life insurance.

A full range of options include:

• A choice of medical plans, dental options, as well as an opportunity to "opt out" of medical and dental coverage - if you have other coverage
• Tax-free reimbursement accounts (Dependent Care and Health Care Reimbursement Accounts)
• Several levels of employee life insurance
• Several levels of accidental death and dismemberment insurance
• Several levels of long-term disability insurance
• Several levels of dependent life insurance for your spouse and children

While the company wants its employees to have as much choice as possible, we also want to make sure all eligible employees have minimum or "core" coverage. Employees must enroll in:

• Medical and dental coverage, unless proof is shown that one is covered through another plan
• Long-term disability insurance for at least 50% of your salary
• Employee Life and Accidental Death and Dismemberment Insurance for at least one times an employee's salary or $50,000 - whichever is less.

Additional Benefits

Below are benefits which are available to all full and part-time employees regularly scheduled to work at least 21 hours per week.

Salary Savings Plan (401k)
Incentive & Investment Plan (I&I)

Incentive & Investment and Salary Savings Plans allow eligible employees the opportunity to share in the Bank's economic success. The plan consists of two components:

The Salary Savings Plan 401(k) is a salary reduction plan, which includes matching contributions by the company. An employee is eligible to participate in the 401(k) on the first of the month following the completion of three full months of service. Employees can defer up to 80% of their salary up to the statutory maximum to the 401(k) plan.

The Incentive & Investment (I&I) portion is a profit sharing plan under which the company may make contribution based on profits. Employees are eligible to participate on the first of the month following the completion of 12 months of service.

Employee Stock Ownership Plan (ESOP)
The Employee Stock Ownership Plan is a special type of profit sharing plan where the Bank, in contributing a portion of its annual profits, enables participating employees to become a shareholder of Pacific Capital Bancorp. All employees are eligible to participate in the Plan beginning on the first day of the month after completing 12 months of employment.

Voluntary Long Term Care Insurance

Paid Vacation
Eligible employees accrue paid vacation based on grade level and length of employment. Hours accrued are prorated based upon the number of hours regularly scheduled to work and commencing with one's first day of employment. Employees are required to take vacation in the year it is accrued and subject to specific scheduling guidelines.

Paid Absence
After completion of 90 days of employment, employees accumulate credit for paid absence at the rate of 1 day of their regularly scheduled hours per month retroactive to their date of hire. The number of days one has accumulated, but not used at the end of the calendar year, are carried over to the next year.

Holidays
The Bank recognizes 10 paid holidays:

• New Year's Day
• Martin Luther King Day
• President's Day
• Memorial Day
• Independence Day
• Labor Day
• Columbus Day
• Veteran's Day
• Thanksgiving Day
• Christmas Day

The following are provided to all employed by Pacific Capital Bancorp:

Banking Services
Many banking services are available free of charge or at reduced rates for employees.

Free Banking Services for employees:

• Regular Checking or Interest Checking Account
• Personal Checks
• Debit Card
• Savings Account
• Traveler's Checks
• Cashier's Checks
• Notary Service
• Online Banking

Reduced rate Banking Services:

• Safe Deposit Box
• Wires
• Employee Loans / Reduced or waived fees-Interest rate discount after 6 months of service
• Employee Residential Real Estate Loans / Immediate Eligibility- Reduced fees

Employee Referral Program
We encourage all employees to recommend individuals for employment at our Banks. Our company has an incentive program to reward employees when they refer an applicant who is hired. Employees may receive a cash award for their referrals.

PCB Employee University
Because Pacific Capital Bancorp is committed to investing in employee development, the PCB Employee University was established. The mission of the University is to support the Bank's values of fostering employee commitment and satisfaction and exceeding our customers' expectations.

PCB Employee University is designed to be the driving force to excellence and to ensure that all of our personnel receive the training necessary to acquire the competencies of their job functions. In addition, the University was established to support the Bank's succession planning efforts.

PCB Employee University incorporates traditional and alternative delivery methods that provide for consistent training throughout the enterprise. This facilitates our employees' acquisition of the technical and professional skills and knowledge that prepare them to support the Bank's customer-centric focus.

The University architecture allows a division or department within the enterprise to establish certificate programs consisting of required curriculum relative to specific job positions. These certificate programs are written into job descriptions, the completion of which may lead to future job promotions.

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