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Towbes Group celebrating 60 years in Tri-Counties

By   /  Friday, May 6th, 2016  /  left, Real Estate  /  Comments Off on Towbes Group celebrating 60 years in Tri-Counties

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Montecito Bank & Trust loans grew but net income down for first quarter

By   /  Thursday, May 5th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Montecito Bank & Trust loans grew but net income down for first quarter

Montecito Bank & Trust reported total assets of $1.3 billion in an April 27 statement. Loans grew to $722 million for the first quarter of 2016, up 1.5 percent from the previous quarter and 12 percent year-over-year. Net income for the bank was $3.6 million, a decline from first quarter earnings of $3.8 million in Read More →

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Montecito Bank & Trust gives $20,000 to region’s nonprofits

By   /  Friday, March 18th, 2016  /  Banking & Finance, Banking Industry, Latest news, Nonprofits  /  Comments Off on Montecito Bank & Trust gives $20,000 to region’s nonprofits

Santa Barbara-based Montecito Bank & Trust handed out $20,000 in grants to 10 of the region’s nonprofits to celebrate the bank’s 41st anniversary. For the past 24 years, the largest financial institution headquartered in Santa Barbara County has offered financial aid to nonprofits handpicked by its staff. MB&T held its annual celebration on March 17 Read More →

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Montecito Bank & Trust profits up 21 percent in 2015

By   /  Tuesday, January 26th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Montecito Bank & Trust profits up 21 percent in 2015

Santa Barbara-based Montecito Bank & Trust reported net income of $15.9 million for 2015, up from $13.1 million in 2014. Total gross loans grew 17 percent year-over-year, totaling $711 million on Dec. 31. Total assets were up $53 million in 2015 to $1.2 billion. Total deposits increased 4.5 percent to $1.1 billion, up $48 million. Read More →

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More bank mergers on tap for 2016

By   /  Friday, January 1st, 2016  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on More bank mergers on tap for 2016

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Philanthropy means giving time as well as money

By   /  Friday, November 27th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Philanthropy means giving time as well as money

A common thread at two recent philanthropic events in the Tri-Counties was the idea that individuals should get involved personally rather than simply donating money. On Nov. 19, the Association of Fundraising Professionals celebrated community members in Santa Barbara and Ventura counties who have been active in volunteering or organizing support for community institutions. On Read More →

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You should donate your time as well as money

By   /  Friday, November 27th, 2015  /  Editorials, Opinion  /  Comments Off on You should donate your time as well as money

Philanthropy is about more than just writing checks. That has been the lesson of this year’s giving season — and a timely lesson it is. With the economy on the mend, there are more resources available to nonprofits and more opportunities for disadvantaged residents, creative types, veterans and the homeless to find work and become Read More →

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