Business Bancorp Announces Shareholder Election Deadline in Connection with Pending Merger with Union Bank of California, N.A.Business Editors SAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif.--(BUSINESS WIRE)--Dec. 17, 2003 In connection with the previously announced pending merger between Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. , N.A., a wholly-owned subsidiary of UnionBanCal Corporation (NYSE NYSE See: New York Stock Exchange :UB), and Business Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. , a wholly-owned subsidiary of Business Bancorp (Nasdaq:BZBC), Business Bancorp's shareholders wishing to make an election specifying the form of merger consideration they prefer to receive, in cash and/or shares of UnionBanCal Corporation common stock, subject to adjustment, must deliver to Computershare Trust Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , the Exchange Agent, a properly completed Letter of Transmittal/Election Form, together with their stock certificates or properly completed notices of guaranteed delivery, by 5:00 P.M., Eastern Time, on January 9, 2004, the election deadline. Please note that this deadline is in advance of the January 12, 2004 Special Meeting of Shareholders of Business Bancorp. Business Bancorp shareholders who do not properly deliver such documentation to Computershare Trust Company of New York (at the address specified in the Form of Election) prior to the election deadline may not select the form of merger consideration they would like to receive. Such non-electing shareholders will be entitled to receive merger consideration per share in cash and/or UnionBanCal common stock. The form of consideration received by such non-electing shareholders will depend on the cash and stock elections made by other Business Bancorp shareholders, as more fully described in the proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. / prospectus previously sent to shareholders. The final election results regarding the merger consideration will be announced after the merger has been consummated. Business Bancorp shareholders may obtain additional copies of the Letter of Transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. / Election Form by contacting the Exchange Agent at 800-245-7630. In connection with the proposed transaction, UnionBanCal Corporation and Business Bancorp have filed a proxy statement / prospectus with the U.S. Securities and Exchange Commission (the "Commission"). Investors and security holders are advised to read the proxy statement / prospectus, because it contains important information. Investors and security holders may obtain a free copy of the proxy statement / prospectus and other documents filed by UnionBanCal Corporation and Business Bancorp with the Commission at the Commission's web site at http://www.sec.gov. Free copies of UnionBanCal Corporation's and Business Bancorp's filings may be obtained by directing a request to either of Business Bancorp or UnionBanCal Corporation, by contacting Alan J. Lane, Chief Executive Officer, Business Bancorp at 909-888-2265, or John A. Rice, Jr., Senior Vice President, UnionBanCal Corporation Investor Relations Investor relations The process by which the corporation communicates with its investors. at 415-765-2969. |
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