Our view: Towbes, Morton, Lacayo were rare type of leaders
In the normal course of business relationships, men and women build companies or lead nonprofits and then retire to leave the operations to a new generation or a new team. More rare is the circumstance where leaders are so committed to an enterprise or so intrinsically identified with their organization that they stay at the Read More →
Tri-county independent banks down to Final Four
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Women suited for executive positions but don’t get fair share
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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 →
Banker, developer Towbes prioritized philanthropy
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Dubroff: Michael Towbes’ legacy of giving lives on after his death
After a successful career as a developer and banker, Michael Towbes spent the last two decades of his life with an increased focus on philanthropy. He was not simply giving back. He was deliberately creating a legacy for his enterprises to remain rooted in the community, while shaping and guiding the region’s cultural institutions. That Read More →
Our view: Mike Towbes’ legacy will live on
The Central Coast will be remembering the late Mike Towbes for a long time. By creating a trust to ensure local ownership of Montecito Bank & Trust, the Princeton-educated engineer created a vehicle for community philanthropy that will stretch on for future decades. The people around him, family members, his widow Anne Smith Towbes, Montecito Read More →
