When Mike Towbes stepped down as chair at Montecito Bank & Trust on April 3, he deftly handed the reins of the region’s largest banking company to incoming Chair Janet Garufis and President George Leis. As with just about everything Towbes does, the move was carefully calibrated. At age 87, Towbes has earned the right Read More →
Updated at 8:40 p.m.: Montecito Bank & Trust founder and owner Michael Towbes will step down from his role as board chairman, the bank announced April 3. The bank, which will continue under ownership by a trust that is overseen by trustees, said it would propose naming current President and CEO Janet Garufis as CEO and Read More →
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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 →
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 →
Updated at 8:10 p.m.: Montecito Bank & Trust, one of the largest privately-owned banks in California, has hired veteran Union Bank executive George Leis to join its executive team. Effective July 19, Leis will become chief operating officer reporting to President and CEO Janet Garufis. He’ll oversee the bank’s lending, retail and business banking activities Read More →
Goleta is poised to help fill the region’s housing void with a series of new projects. There are more than 1,600 units in the pipeline ranging from single-family homes to affordable rentals. The Village at Los Carneros is currently under construction and will feature a mix of condos and single-family spaces totaling 465 units. The Read More →