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Banks bet that merger will bolster stock price

By   /  Friday, July 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Banks bet that merger will bolster stock price

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Montecito Bank & Trust net income jumped 44 percent over prior year

By   /  Wednesday, July 15th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust net income jumped 44 percent over prior year

Montecito Bank & Trust said July 15 that net income jumped 44 percent from a year earlier as total assets reached $1.2 billion. The privately-held bank is the largest financial institution headquartered in Santa Barbara County and it said loans grew 23 percent to $662 million. “We continue to see an increased demand for financing Read More →

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Giving back: Montecito Bank & Trust gifts nonprofits $1 million

By   /  Monday, November 24th, 2014  /  Latest news, Nonprofits, Top Stories, Tri-County Economy  /  Comments Off on Giving back: Montecito Bank & Trust gifts nonprofits $1 million

For the 12th consecutive year, Montecito Bank & Trust kicked off Thanksgiving week with $1 million in corporate gifts to regional nonprofits. Precisely 184 organizations received checks at a Nov. 24 luncheon at the Coral Casino at the Four Seasons Santa Barbara Biltmore under a program that the region’s biggest privately owned bank calls “Community Read More →

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Santa Barbara, Ventura County philanthropists honored

By   /  Friday, November 14th, 2014  /  Features, Latest news, Nonprofits, Top Stories, Tri-County Economy  /  Comments Off on Santa Barbara, Ventura County philanthropists honored

Several area businesses and individuals took home awards for their philanthropic contributions at the Association of Fundraising Professionals Santa Barbara and Ventura counties chapter 2014 National Philanthropy Day luncheon held Nov. 13 at the Ventura Beach Marriott. Montectio Bank & Trust, one of the oldest and largest locally owned banks in the region, was named Read More →

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Rival bankers place their bets on Ventura County rebound

By   /  Friday, October 4th, 2013  /  Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Rival bankers place their bets on Ventura County rebound

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MB&T chief highlights role of community banks

By   /  Friday, September 6th, 2013  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on MB&T chief highlights role of community banks

Locally based banks that take deposits from and make loans to the community form the lifeblood of many regional economies, and yet these institutions have only recently secured a voice in the national debate on financial policy. That was the view from Janet Garufis, CEO and president of Santa Barbara-based Montecito Bank & Trust, in Read More →

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Bank profits pay Community Dividends as $1M event salutes 10 years

By   /  Friday, November 16th, 2012  /  Columns, Opinion  /  Comments Off on Bank profits pay Community Dividends as $1M event salutes 10 years

More than a decade ago, banker and developer Michael Towbes came up with the idea of turning Montecito Bank & Trust into an S Corporation.

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