May 27, 2022
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Montecito Bank and Trust assets grew 20% in 2021

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With $2.35 billion in assets, Montecito Bank & Trust announced record income and “strong” asset growth to close out 2021, the tri-county region’s largest independent bank said in its Jan. 31 earnings release. The bank’s total assets grew by 20% between Dec. 31, 2020 and Dec. 31, 2021. Deposit growth in that year was 23%,…

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