Union bank plans to lay off Santa Barbara Bank & Trust employees

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Posted 11:42 AM 11/30/2012 : Union Bank to lay off nearly 500 Santa Barbara Bank & Trust employees

Union Bank plans to lay off 468 Santa Barbara Bank & Trust employees over the next 12 months. Word of the planned layoffs comes on the day before the legal closing date of Untion Bank's purchase of Pacific Capital Bancorp, a Santa Barbara-based holding comany that operates under the name

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