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Montecito Bank & Trust
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Governor pays tribute to Towbes at memorial service

By   /  Tuesday, May 23rd, 2017  /  Banking Industry, Latest news, Real Estate, South Coast  /  Comments Off on Governor pays tribute to Towbes at memorial service

Gov. Jerry Brown made a rare appearance in Santa Barbara on May 23, paying a brief but personal tribute to tri-county businessman Michael Towbes. Towbes died April 11 after a battle with pancreatic cancer. He was 87. Speaking at a memorial service that filled the Granada Theatre, Brown described Towbes as “a helluva guy.” Towbes, Read More →

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Santa Maria becoming hub for companies with jobs to offer

By   /  Friday, May 19th, 2017  /  Banking Industry, Central Coast, right, Technology  /  Comments Off on Santa Maria becoming hub for companies with jobs to offer

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Central Coast credit unions on the rise

By   /  Friday, May 5th, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news, South Coast  /  Comments Off on Central Coast credit unions on the rise

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Tri-county independent banks down to Final Four

By   /  Friday, April 28th, 2017  /  Banking & Finance, Banking Industry, East Ventura County, Latest news, West Ventura County  /  Comments Off on Tri-county independent banks down to Final Four

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Bank of the Sierra acquiring Ojai Community Bank

By   /  Tuesday, April 25th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Bank of the Sierra acquiring Ojai Community Bank

Banking industry consolidation on the Central Coast picked up speed on April 25 with the parent company of Bank of the Sierra announcing plans to acquire OCB Bancorp and its four branches in Santa Barbara and Ventura counties. The $14 per share acquisition sent OCB Bancorp shares soaring more 50 percent and marks the latest Read More →

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Montecito Bank & Trust reports growth in assets, loans, deposits and income

By   /  Friday, April 21st, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast  /  Comments Off on Montecito Bank & Trust reports growth in assets, loans, deposits and income

Montecito Bank & Trust’s total assets grew by $68.1 million to $1.3 billion in the prior 12-month period, according to a quarterly report released April 20. The bank also reported loan growth of $155 million and increased deposits by 7.34 percent. The bank also reported that its net income for the period grew 28 percent Read More →

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Banker, developer Towbes prioritized philanthropy

By   /  Friday, April 21st, 2017  /  Banking Industry, Central Coast, Real Estate, right, South Coast, West Ventura County  /  Comments Off on Banker, developer Towbes prioritized philanthropy

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