Montecito Bank & Trust: 30 years of steady asset growth
IN THIS ARTICLE
- Banking & Finance Topic
- Staff Report Author
By Staff Report Friday, May 22nd, 2026
Slightly more than 30 years ago, the late Mike Towbes made an important announcement to the staff of the Bank of Montecito. On February 1, 1996, he announced that the bank would launch a trust and investments division and change its name to Montecito Bank & Trust. Three decades later, the wealth management unit is…











