September 24, 2022
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Montecito Bank & Trust reports higher income and strong growth

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Montecito Bank & Trust, which is based in Santa Barbara and has 11 branches in the Tri-Counties, reported net income of $20.8 million for the year ended Dec. 31 — a 15.2 percent increase from last year. Total assets grew by 7 percent to $98.1 million during the 12-month period, ending the year at $1.49…

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