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SLO County OKs pilot program to fast track middle class housing

By   /  Friday, December 2nd, 2016  /  Columns, Latest news, Real Estate  /  1 Comment

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Montecito Bank & Trust donates $1 million to nonprofits

By   /  Wednesday, November 23rd, 2016  /  Nonprofits, right  /  Comments Off on Montecito Bank & Trust donates $1 million to nonprofits

Montecito Bank & Trust doled out $1 million to nonprofits throughout Santa Barbara and Ventura counties at its 14th annual Community Dividends event. The largest financial institution based in Santa Barbara County rung in the season of giving by providing grants to a record-high 203 area nonprofits that primarily serve low- and moderate-income individuals. “We Read More →

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Widening Highway 101 will reduce traffic woes

By   /  Friday, November 18th, 2016  /  Editorials, Latest news, Opinion  /  Comments Off on Widening Highway 101 will reduce traffic woes

Construction on Highway 101 from Casitas Pass Road to Cabrillo Boulevard through Montecito is causing havoc for commuters trying to navigate from Ventura into Santa Barbara. The project will continue into 2020 as Caltrans-funded upgrades to the 101 are incorporated into widening for high occupancy vehicle lanes through a transportation corridor that’s absolutely crucial to Read More →

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Housing solution key to strong Central Coast economy

By   /  Friday, October 28th, 2016  /  Central Coast, Latest news, Real Estate, Tri-County Economy  /  Comments Off on Housing solution key to strong Central Coast economy

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Montecito Bank & Trust net income down but loan, deposit growth strong

By   /  Tuesday, October 18th, 2016  /  Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust net income down but loan, deposit growth strong

Santa Barbara-based Montecito Bank & Trust reported $10.9 million of net income in the third quarter, down from $12.2 million over the same period last year, but had strong loan and deposit growth. In 2016, MB&T discontinued reversals of excess loan loss reserves to support loan growth, which is reflected in the reduced year-to-date net Read More →

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Montecito Country Club golf course nearly done but won’t open until 2017

By   /  Friday, October 14th, 2016  /  Latest news  /  Comments Off on Montecito Country Club golf course nearly done but won’t open until 2017

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Caruso breaks ground on Miramar resort

By   /  Monday, October 10th, 2016  /  Latest news, Tourism  /  Comments Off on Caruso breaks ground on Miramar resort

  What a difference a decade makes. After 10 years of community wrangling and delays obtaining financing, Los Angeles developer Rick Caruso turned a ceremonial shovelful of dirt on Oct. 10 to launch construction of the Rosewood Miramar Beach Montecito. Under a blue sky broken by a few puffy white clouds, Caruso, Rosewood CEO Radha Read More →

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