November 26, 2022
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Montecito Bank & Trust assets approach $2.5B

By   /  Friday, August 5th, 2022  /  Banking & Finance, Banking Industry, Latest news, Regions, Santa Barbara County  /  Comments Off on Montecito Bank & Trust assets approach $2.5B

Montecito Bank & Trust, the biggest bank based in the tri-county region, reported total assets increased nearly 13% during the 12 months ending June 30. The Santa Barbara-based bank saw total assets grow $276.45 million during the period, closing at $2.46 billion, it said in a quarterly report released Aug. 5. Montecito Bank & Trust Read More →

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Montecito Bank reports growth in assets, drop in loans for Q1

By   /  Tuesday, May 3rd, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Regions, Santa Barbara County, Tri-County Public Companies, Ventura County  /  Comments Off on Montecito Bank reports growth in assets, drop in loans for Q1

Montecito Bank & Trust’s assets increased more than 14% in the year ended March 31, with “strong” deposit growth, the bank said in its May 2 first-quarter earnings release. The Santa Barbara-based bank, the largest financial institution based in the tri-county region, said its total assets rose $302.45 million, closing at $2.39 billion, at the Read More →

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Montecito Bank and Trust assets grew 20% in 2021

By   /  Monday, January 31st, 2022  /  Banking & Finance, Banking Industry, Latest news, South Coast, Subscriber content, Top Stories, Tri-County Economy  /  Comments Off on Montecito Bank and Trust assets grew 20% in 2021

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Montecito Bank & Trust gives out $1.2M in annual Community Dividends

By   /  Tuesday, November 23rd, 2021  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, Nonprofits, right, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Montecito Bank & Trust gives out $1.2M in annual Community Dividends

In recognition of community enrichment through compassion, 179 Central Coast nonprofits received a boost from Montecito Bank & Trust after persevering through 20 months of pandemic-related changes. The bank awarded those nonprofits from Santa Barbara and Ventura counties with a total of $1.2 million at its 19th annual Community Dividends program on Nov. 22. The Read More →

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Income up 24% at Montecito Bank, assets top $2B

By   /  Thursday, October 28th, 2021  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Income up 24% at Montecito Bank, assets top $2B

Montecito Bank & Trust, the biggest bank based in the tri-county region, reported asset growth of nearly 22% in the past year, while loan growth softened because of accelerated pandemic-related loan forgiveness and additional loan payoffs. The Santa Barbara-based bank said in an Oct. 18 earnings release that its total assets grew $404.53 million in Read More →

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Montecito Bank & Trust tops $2B in assets

By   /  Thursday, May 6th, 2021  /  Banking & Finance, Banking Industry, Latest news, South Coast, Tri-County Economy  /  Comments Off on Montecito Bank & Trust tops $2B in assets

Montecito Bank & Trust’s assets grew by almost half a billion dollars in the past year, with strong deposit and loan growth, the bank said in its May 6 first-quarter earnings release. The Santa Barbara-based bank is the largest financial institution based in the tri-county region. Its assets topped $2 billion at the end of Read More →

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

By   /  Friday, February 5th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust reports growth in assets, deposits and income

Montecito Bank & Trust saw its total assets grow more than 20% during 2020, on the back of strong loan production, deposit growth and higher net income, the bank said Feb. 5. The bank’s total assets grew $344.1 million, a boost of about 21.4% from the previous year, bringing Montecito Bank & Trust’s total assets Read More →