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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 →

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Montecito Bank & Trust hands out nearly $1.2M in charitable grants

By   /  Monday, November 23rd, 2020  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, Nonprofits, South Coast, Tri-County Economy, West Ventura County, Women Inc.  /  Comments Off on Montecito Bank & Trust hands out nearly $1.2M in charitable grants

Montecito Bank & Trust upped the ante for the 2020 round of its corporate philanthropy, giving away $1.175 million at its 18th annual Community Dividends program on Nov. 23. The program was presented virtually on Zoom, and around 350 people participated from 194 organizations in Santa Barbara and Ventura counties.  The program was the creation Read More →

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Montecito Bank & Trust reports big quarter due to PPP loans

By   /  Monday, August 10th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust reports big quarter due to PPP loans

Montecito Bank & Trust’s total net income grew more than 15 percent in the second quarter, buoyed by increases in total assets, loan growth and deposit growth, the bank announced Aug. 10. Many of the bank’s key measures grew by leaps and bounds between June 30, 2019 and June 30, 2020. Montecito Bank & Trust’s Read More →

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Montecito Bank & Trust board adds Marshall, Rabinowitz

By   /  Tuesday, May 26th, 2020  /  Banking & Finance, Banking Industry, Latest news, South Coast  /  Comments Off on Montecito Bank & Trust board adds Marshall, Rabinowitz

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MB&T awards grants to 11 organizations

By   /  Tuesday, May 19th, 2020  /  Banking & Finance, Banking Industry, Latest news, Nonprofits  /  Comments Off on MB&T awards grants to 11 organizations

After two-month delay, Montecito Bank & Trust celebrated its 45th anniversary with a Webex meeting that handed out $49,500 in grants to 11 organizations. The grants represented $4,500 each to human services, animal rescue and educational organizations in Santa Barbara and Ventura counties. Each grantee was introduced in a live presentation by a bank staff Read More →

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First quarter income flat but MB&T loans, deposits grow

By   /  Monday, May 4th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Public Companies  /  Comments Off on First quarter income flat but MB&T loans, deposits grow

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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Garufis: Bankers busy with second round of PPP

By   /  Friday, May 1st, 2020  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion, Small Business  /  Comments Off on Garufis: Bankers busy with second round of PPP

By Janet Garufis It’s after 8 p.m. on April 27, the day the second tranche of PPP funding was made available by the Small Business Administration, and I’ve just completed our PPP update call with the dedicated group of Montecito Bank & Trust professionals who are responsible for making PPP a reality for hundreds of Read More →

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