April 25, 2024
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Banker, developer Towbes prioritized philanthropy

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Montecito Bank & Trust Chairman Michael Towbes speaks at the Community Dividends event in 2016. Banker, philanthropist and real estate developer Michael Towbes, a man whose personal virtues were revered as much as his wealth, died April 11 after a battle with pancreatic cancer. He was 87. Towbes owned Montecito Bank & Trust, built thousands…

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