• December 2014 Estate Planning Bulletin

      2014-12-12

      All eyes turn to the extenders.


    • Economic Weekly Update 12-05-14

      2014-12-05

      Economic & Market Update: December 5, 2014


    • Flash Report - November

      2014-12-04

      Economic Data: Markets continue to receive positive news on the health of the U.S. economy as economic data on the whole is exceeding expectations. Despite declining from 2014 highs reached in January, which was largely impacted by harsh winter weather, the Citigroup Economic Surprise Index has been hovering in positive territory since late August.


    • Economic Weekly Update 11-28-14

      2014-11-28

      Economic & Market Update: November 28, 2014.


    • 2014 Community Dividends Honorees: Congratulations!

      2014-11-24

      Celebrating 12 Years of Giving Back! Montecito Bank & Trust is awarding 184 nonprofit organizations from Santa Barbara and Ventura Counties a total of $1,000,000 to help them continue their good work. After 12 years that makes $12 million given back to the communities where we live and work.


    • November 2014 Estate Planning Briefs

      2014-11-11

      An approval committee.


    • MB&T Announces 2015 Triathlon Beneficiary Voting Winner

      2014-11-10

      As the Presenting Sponsor of the Santa Barbara Triathlon, Montecito Bank & Trust has the honor of selecting the yearly nonprofit beneficiary, but for the last five years, the public has been given the opportunity to choose the winning organization.


    • Flash Report - October

      2014-11-06

      Economic Data: Following the Federal Open Market Committee (FOMC) meeting, in which the Federal Reserve decided to end its assetpurchasing program, gross domestic product (GDP) growth came in at 3.5%. This was well above expected growth of 3.0%. Final sales of domestic product followed a 3.2% gain in the second quarter with an increase of 4.2% in the third quarter. Final sales to domestic purchasers, however, rose just 2.7% after gaining 3.4% in the prior period.


    • Economic Weekly Update 11-03-14

      2014-11-03

      Economic & Market Update: November 3, 2014 "Third Quarter GDP Exceeds Expectations"


    • John Braunschweiger joins MB&T as VP, Senior Relationship Manager

      2014-10-30

      Montecito Bank & Trust is pleased to announce that John Braunschweiger has joined the bank’s Community Lending Department as Vice President and Senior Relationship Manager, reporting to Stephen Mihalic, Senior Vice President and Director of Community Lending.


    • Economic Weekly Update 10-27-14

      2014-10-27

      Economic & Market Update: October 27, 2014 "Housing Market Questions Remain"


    • Montecito Bank & Trust Reports Strong Growth in Loans and Deposits

      2014-10-24

      Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust, announced the bank’s third quarter financial performance. As of September 30, 2014, year over year gross loans grew by $36.8 million, up 6.5%, ending the quarter at $599.0 million; total deposits grew $70.2 million, up 7.3%, ending the quarter at $1.03 billion; and total assets grew by $76.6 million to $1.16 billion, up 7.06%. Net income year to date was $9.8 million, down 5% from $10.4 million a year ago, which was enhanced last year by the collection of non-accrual interest from troubled loans. Total risk based capital ended the quarter at 14.12%, well above the 10% regulatory minimum required to be considered well capitalized.


    • August 2014 Estate Planning Briefs

      2014-10-15

      Some IRAs are not retirement plans.


    • September 2014 Estate Planning Bulletin

      2014-10-15

      Federal estate tax repeal efforts.


    • October 2014 - Estate Planning Studies

      2014-10-15

      Health care surtaxes


    • October 2014 Estate Planning Bulletin

      2014-10-12

      Health care surtaxes.


    • Flash Report - September

      2014-10-06

      Economic Data: The Citigroup Economic Surprise Index trended sharply into positive territory throughout August as economic data on the whole surpassed expectations. The positive trend reversed during September but remains in positive territory, painting a mixed picture of the overall housing market.


    • 9/25/14 - Phone scam targeting bank customers

      2014-09-25

      If you receive a call or message from someone asking for your bank information, it could be a scam! Play it safe - hang up and contact the bank using the phone number from our website or the phone book. The Federal Trade Commission (FTC), "the nation's consumer protection agency", also offers valuable resources to fight against common type of exploits such as government grant scams and phone scams.


    • Economic Weekly Update 09-22-14

      2014-09-22

      Economic & Market Update: September 22, 2014 "Does CalPERS' Capitulation Signal the End of Hedge Fund Underperformance?"


    • MB&T Teams Up with Deckers Outdoor for B2B Keynote Event

      2014-09-15

      Montecito Bank & Trust held its fourth annual B2B keynote event on Tuesday, September 9 at the stunning and unequivocally cool Deckers Outdoor corporate campus in Goleta.


    • Federal estate tax repeal efforts

      2014-09-10

      With an exemption from the federal estate tax now at $5.34 million, and growing with inflation adjustments, this “death tax” is expected to affect only about 2,000 estates each year. Nevertheless, the Family Business Council has not given up on efforts to repeal it, entirely and permanently.


    • Flash Report - August

      2014-09-05

      Economic Data: The Citigroup Economic Surprise Index trended sharply into positive territory throughout August as economic data on the whole surpassed expectations. Notable readings came from ISM service and manufacturing surveys, revisions to Q2 GDP, housing data, and consumer sentiment surveys, amongst others.


    • Economic Weekly Update 08-18-14

      2014-08-18

      Economic & Market Update: August 18, 2014 "Europe Taking a Negative Turn"


    • MB&T Will Add to Donations for Triathlon Beneficiary, Girls Inc.

      2014-08-15

      The Santa Barbara Triathlon is just weeks away, and the race is on to reach the fundraising goal for this year’s nonprofit beneficiary, Girls Inc. of Greater Santa Barbara and Carpinteria.


    • Economic Weekly Update 08-11-14

      2014-08-11

      Economic & Market Update: August 11, 2014 "Long/Short Funds Go 'Unhedged' in Energy"


    • Flash Report - July

      2014-08-05

      Economic Data: Second quarter GDP came in well above expectations, increasing at an annualized rate of 4.0%. The Bureau of Economic Analysis, who compiles the data, also released revisions for the prior three years. The revised data indicated that 2013 and the first quarter of 2014 was better than previously thought, while 2011 and 2012 were weaker than first estimated.


    • OpenSSL "Heartbleed" vulnerability information

      2014-08-04

      Important security information for all internet users regarding the Heartbleed Flaw: Security researchers have recently discovered a vulnerability with OpenSSL, a technology used to provide encrypted communication to approximately two-thirds of secure sites on the internet. The "OpenSSL Heartbleed Flaw" could allow unauthorized users to gain access to sensitive user data.


    • OpenSSL "Heartbleed" vulnerability information

      2014-08-04

      Important security information for all internet users regarding the Heartbleed Flaw: Security researchers have recently discovered a vulnerability with OpenSSL, a technology used to provide encrypted communication to approximately two-thirds of secure sites on the internet. The "OpenSSL Heartbleed Flaw" could allow unauthorized users to gain access to sensitive user data.


    • MB&T's B2B Series Focuses on Innovation and Leadership

      2014-08-01

      For the fourth consecutive year, Montecito Bank & Trust is presenting its business education series designed for local business owners, business managers and nonprofit executives.


    • Economic Weekly Update 07-28-14

      2014-07-28

      Economic & Market Update: July 28, 2014 "Corporate Earnings Season Update"


    • MB&T Reports Asset and Earnings Growth for Second Quarter

      2014-07-25

      Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust, announced strong performance and continued growth during the second quarter. Total assets grew 7% from $1.07 billion to $1.15 billion year over year, with deposits up 7% to $1.02 billion from $951 million over the comparable period last year. Total gross loans remained largely unchanged at $540.2 million as compared to $538.2 million from a year ago. Net income was $5.630 million, compared to $5.541 million from a year ago, a 2% increase.


    • 7/23/14 - Fraud Warning: Potential debit card compromise

      2014-07-23

      MB&T is tracking a recent debit card compromise. Affected cardholders will be notified, however if you suspect fraudulent activity on your debit card, please contact our Service Center at 805-963-7511 or 800-348-0146 immediately.


    • The Leadership Challenge - Solvang

      2014-07-18

      Workshop title: The Leadership Challenge


    • The Leadership Challenge - Ventura

      2014-07-17

      Workshop title: The Leadership Challenge


    • Innovation: Not Luck, Not Genius, but a Business Practice

      2014-07-17

      Keynote Title: Innovation: Not Luck, Not Genius, but a Business Practice


    • July 2014 Estate Planning Studies

      2014-07-16

      Decanting is not just for sommeliers


    • Flash Report - June

      2014-07-07

      Economic Data: Despite equity markets’ trend upwards, economic data came in below expectations for much of the quarter. The Citigroup Economic Surprise Index trended in negative territory for the majority of the quarter as housing and retail data fell shy of expectations.


    • Kids Treated to Unique Outreach Event at Music Academy

      2014-07-02

      Montecito Bank & Trust teamed up with the Music Academy of the West for the third year to host 280 local children for a unique musical outreach program entitled “Up Close and Musical,” featuring the Music Academy’s Festival Orchestra and special guest conductor Christopher Rountree.


    • Economic Weekly Update 06-30-14

      2014-06-30

      Economic & Market Update: June 30, 2014 "Fixed Income Markets Cruise - What's Next?"


    • Economic Weekly Update 06-23-14

      2014-06-23

      Economic & Market Update: June 23, 2014 "Equities Rally on Surprise-Free Fed"


    • MB&T Provides $11,000 for Local Scholarships

      2014-06-17

      The Montecito Bank & Trust college scholarship fund for high school seniors has been in existence for 24 years, funding over $190,000 in scholarships through the Scholarship Foundation of Santa Barbara. For 2014, the bank will provide $9,000 in scholarships, with an additional $2,000 specifically for arts scholarships.


    • Economic Weekly Update 06-16-14

      2014-06-16

      Economic & Market Update: June 16, 2014 "Oil Spikes on Iraqi Strife"


    • Flash Report - May

      2014-06-05

      Economic Data: The second estimate of first quarter GDP showed the US economy contracted by 1.0% quarter-over-quarter. This is a substantial shortfall relative to consensus forecasts of a 0.5% decline. Investors did not seem overly concerned with the disappointing GDP revision as markets remained in positive territory.


    • June 2014 Estate Planning Bulletin

      2014-06-03

      Wealth taxation and social mobility


    • Economic Weekly Update 06-02-14

      2014-06-02

      Economic & Market Update: June 2, 2014 "Corporate Activity Flourishes"


    • Economic Weekly Update 05-19-14

      2014-05-19

      Economic & Market Update: May 19, 2014 "Inflation Becomes the Latest Topic Du Jour"


    • Economic Weekly Update 05-05-14

      2014-05-05

      Economic & Market Update: May 5, 2014 "Labor Markets Bounce Back from Winter Hibernation"


    • Flash Report - April

      2014-05-05

      Economic Data: Economic data seemed to turn positive in April as the Citigroup Economic Surprise index (CESI) reversed its downward march. Despite still being in negative territory, the index is trending up as the impact from the severe winter weather is behind us.


    • May 2014 Estate Planning Briefs

      2014-05-01

      Post-Windsor retirement plan rules


    • Justin Mendoza Joins MB&T as VP, Branch Manager

      2014-05-01

      Montecito Bank & Trust is pleased to announce that Justin Mendoza has joined the bank as Vice President and Branch Manager of the Goleta Branch, located on Calle Real.


    • MB&T Reports First Quarter Earnings and Growth

      2014-04-29

      Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust, announced the bank’s first quarter performance. Total assets grew 2.5% from $1.06 billion to $1.09 billion year over year. Total deposits grew 4.17% to $966.3 million from $927.6 million. Total gross loans grew 2.3% from $523.4 million to $535.4 million year over year. Net income for the quarter was $2.9 million, compared to $2.8 million from a year ago.


    • Brahos Joins MB&T Wealth Management Division

      2014-04-23

      Montecito Bank & Trust is pleased to announce that Drew Brahos has joined the bank as Vice President, Senior Portfolio Manager, reporting to Peter Madlem, Senior Vice President, Chief Investment Officer.


    • Economic Weekly Update 04-21-14

      2014-04-21

      Economic & Market Update: April 21, 2014 "Taxes Are the Pits, but Not for Everyone it Seems"


    • Congresswoman Lois Capps Joins MB&T for Teach Children to Save Day

      2014-04-11

      The bank has been supporting national Teach Children to Save Day for close to a decade, and this year 38 bank volunteers reached over 1,700 students from 15 schools in Santa Barbara and Ventura Counties during the first two weeks of April.


    • Flash Report - March

      2014-04-07

      Economic Data: The Citigroup Economic Surprise index (CESI) trended down for a majority of the quarter and entered negative territory in mid-February. Despite economic data falling short of expectations, equity markets still rallied in February and March as the S&P 500 was up 4.6% and 0.8%, respectively.


    • April 2014 Estate Planning Studies

      2014-04-01

      Author: John Scroggin Title: Tax Basis Planning Primary Topics: Estate Taxes Income Taxes


    • Economic Weekly Update 03-31-14

      2014-03-31

      Economic & Market Update: March 31, 2014 "A Look at First Quarter Market Performance"


    • Economic Weekly Update 03-24-14

      2014-03-24

      Economic & Market Update: March 24, 2014 "Janet Yellen Enters the Picture"


    • Employees Choose 10 Local Nonprofits to Receive Grants

      2014-03-20

      Montecito Bank & Trust celebrates its 39th anniversary serving Santa Barbara and Ventura Counties by awarding Anniversary GrantsSM to 10 local nonprofit organizations.


    • Economic Weekly Update 03-17-14

      2014-03-17

      Economic & Market Update: March 17, 2014 "Currency Markets Heat Back Up, and Will Likely Remain That Way"


    • Flash Report - February

      2014-03-06

      Economic Data: Economic data continued its downward momentum from late January as the Citigroup Economic Surprise Index (CESI) trended into negative territory in late February. Severe weather continues to be viewed as the main culprit.


    • March 2014 Estate Planning Bulletin

      2014-03-05

      Return preparer Regs. tossed IRS gets a new commissioner The President on estate taxes Scoring the proposals Transfer tax changes in 2014? More personnel changes


    • Economic Weekly Update 03-03-14

      2014-03-03

      Economic & Market Update: March 3, 2014 "A Consumer Releveraging Renaissance?"


    • February 2014 Estate Planning Briefs

      2014-02-28

      Special use of value and litigation costs Non-delegable duties Special use valuation interest rates published One bite of the apple is enough Inherited IRAs and bankruptcy Trust division yields benefits without burdens Extensions for making carryover basis elections Comments sought on the martial deduction for noncitizen spouses IRS to the rescue! Reorganization and estate tax deferral


    • MB&T Reports Strength, Growth and Profitability in 2013

      2014-02-18

      Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust, announced the Bank’s 2013 performance. Ms. Garufis stated: “2013 represented another strong year for Montecito Bank & Trust with growth in all financial categories. Net profit for the year resulted in a .33% increase to $13.2 million compared to $13.1 million in 2012 even in the face of continued pressure on net interest margin experienced within the industry.


    • Economic Weekly Update 02-10-14

      2014-02-10

      Economic & Market Update: February 10, 2014 "Was the Labor Report Positive, or Negative, Anyone?"


    • 2014 Santa Barbara Triathlon Beneficiary Announced

      2014-02-06

      The Santa Barbara Triathlon not only brings a world class event right to our own backyard, but it also includes a vitally important fundraising component for a local charity. Each year, the Santa Barbara Triathlon sets a fundraising goal of $50,000 for the selected nonprofit. Since 2002, this special fundraising effort has raised an impressive $467,000 for local charities.


    • Flash Report - January

      2014-02-05

      Economic Data: US economic data continued to trend positively throughout most of January, but took a nasty downturn in the waning days of the month.


    • Economic Weekly Update 02-03-14

      2014-02-03

      Economic & Market Update: February 3, 2014 "Investors Should Focus on Wages, Not Jobs"


    • January 2014 Estate Planning Studies

      2014-01-31

      Family limited partnerships and LLCs: An Update


    • Economic Weekly Update 01-21-14

      2014-01-21

      Economic & Market Update: January 21, 2014 "Commodities Remain a Source of Frustration"


    • Economic Weekly Update 01-13-14

      2014-01-13

      Economic & Market Update: January 13, 2014 "The Diversification Obituary"


    • Economic Weekly Update 01-06-14

      2014-01-06

      Economic & Market Update: January 6, 2014 "Is 2014 the Year that Alternatives Matter Again?"


    • Flash Report - December

      2014-01-06

      Economic Data: US economic data trended in positive territory for the better part of Q4 2013. The Citigroup Economic Surprise index (CESI) declined into negative territory briefly during the month of November before trending sharply upwards and well into positive territory to end the year.


    • MB&T Helping its Customers on Target Data Breach List

      2014-01-02

      “Protecting our customers’ financial privacy and security is an important priority for us at Montecito Bank & Trust,” stated Janet Garufis, President and CEO. “When the media first announced the Target store data compromise, our Deposit Operations associates were already working fast to determine which of our debit and credit card customers were potentially impacted, placing orders for new replacement cards, and planning interim processes to help our customers get through their holiday spending needs. We contacted these customers to let them know our plans for helping them. One of the major benefits of banking with a local community bank is the personal outreach we can provide to our customers, and our customers really appreciate this extra level of care.”


      • Economic Weekly Update 12-09-13

        2013-12-09

        Economic & Market Update: December 9, 2013 "Gauging Tapering Post November Jobs Report"


      • Flash Report - November

        2013-12-06

        Economic Data: US economic data trended in mostly positive territory for the month of November. The Citigroup Economic Surprise index (CESI) drifted in a fairly narrow range following a sharp decline in the preceding months.


      • Economic Weekly Update 12-02-13

        2013-12-02

        Economic & Market Update: December 2, 2013 "Fixed Income Markets Slog Forward"


      • Economic Weekly Update 11-25-13

        2013-11-25

        Economic & Market Update: November 25, 2013 "While You Were Sleeping; Asian Developments Loom for Financial Markets"


      • 2013 Community Dividends® Honorees: Congratulations!

        2013-11-14

        Celebrating 11 Years of Giving Back! Montecito Bank & Trust is awarding 164 nonprofit organizations from Santa Barbara and Ventura Counties a total of $1,000,000 to help them continue their good work. After 11 years that makes $11 million given back to the communities where we live and work.


      • Economic Weekly Update 11-11-13

        2013-11-11

        Economic & Market Update: November 11, 2013 "Currency Markets Show Signs of Reversal"


      • Flash Report - October 2013

        2013-11-06

        Economic Data: With the government shutdown at the forefront of headlines during the first half of October, US economic data appeared to trend in a mostly negative direction for much of the month. The Citigroup Economic Surprise index (CESI) traced noticeably higher during Q3, but sharply reversed in early October.


      • Economic Weekly Update 11-04-13

        2013-11-04

        Economic & Market Update: November 4, 2013 "Ex-US Property Bubble Peaking?"


      • MB&T Reports Strong Growth in Profits, Loans and Deposits

        2013-11-01

        Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust, announced the bank’s third quarter financial performance, with year-to-date net income up 18.18% to $10.4 million, compared to $8.8 million from a year ago.


      • Economic Weekly Update 10-28-13

        2013-10-28

        Economic & Market Update: October 28, 2013 "Jobs, Jobs, Jobs"


      • Tourism Topics and Trends the Focus of MB&T's Final B2B Event

        2013-10-23

        Montecito Bank & Trust held its third and final 2013 B2B education event in Solvang on Tuesday, October 15 at the Hotel Corque. The events began with 50 participants attending the afternoon panel format workshop entitled: “Tourism Marketing: How to Stand out in the Crowd.” The panel of experts included: Tracy Farhad, Solvang CVB, Mary Harris, SYV Hotel Association, Lorrie Thomas Ross, Web Marketing Therapy, and Kathy Vreeland, Buellton Visitors Bureau.


      • Economic Weekly Update 10-14-13

        2013-10-14

        Economic & Market Update: October 14, 2013 "US Default: How Bad Would it Be?


      • MB&T Sets Sights on Ventura County under Jeff Paul’s Leadership

        2013-10-11

        Montecito Bank & Trust’s nearly 40 year history is deeply rooted in Santa Barbara. During that time, the Bank has grown to be Santa Barbara County’s largest and oldest community bank. Montecito Bank and Trust is now expanding its reach and focused on becoming the leading community bank in Ventura County as well.


      • Best Leadership Practices Headline Santa Barbara B2B Events

        2013-10-03

        Montecito Bank & Trust held its second 2013 B2B education event in Santa Barbara on Thursday, September 26 at The Fess Parker. The sold out afternoon “Leadership Challenge” workshop engaged an audience of 100 business-focused participants actively working with Daren Blonski, Consultant, Sonoma Leadership, and Judy Guillermo-Newton, SVP and Director of Organizational Development for Montecito Bank & Trust, and certified Leadership Challenge facilitator.


      • Economic Weekly Update 09-30-13

        2013-09-30

        Economic & Market Update: September 30, 2013 "Europe Pokes its Head out from the Shadows"


      • Economic Weekly Update 09-23-13

        2013-09-23

        Economic & Market Update: September 23, 2013 "Has the Fed Lost its Credibility?"


      • Economic Weekly Update 08-26-13

        2013-08-26

        Economic & Market Update: August 26, 2013 "Will Rate Rise Derail Housing Recovery?"


      • Economic Weekly Update 08-19-13

        2013-08-19

        Economic & Market Update: August 19, 2013 "Change is Coming"


      • Economic Weekly Update 08-12-13

        2013-08-12

        Economic & Market Update: August 12, 2013 "China Struggles to Fight the Trend"


      • Flash Report - July 2013

        2013-08-05

        Economic Data: The economy showed encouraging signs of growth throughout the month of July as a number of major economic indicators came in positive. The Citigroup Economic Surprise Index (CESI) remained in negative territory throughout the month, but has trended dramatically higher into positive territory over the previous week. This expansion into positive territory indicates that economic data is exceeding expectations to the upside.


      • Kids Treated to Beethoven Symphony at Music Academy of the West

        2013-07-22

        Montecito Bank & Trust teamed up with the Music Academy of the West for the second year to host 300 local children for a unique musical outreach program entitled “Up Close and Musical,” featuring the Music Academy’s international summer student musicians.


      • Economic Weekly Update 07-22-13

        2013-07-22

        Economic & Market Update: July 22, 2013 "Emerging Markets: Undervalued or Value Trap?"


      • Montecito Bank & Trust Grows Deposits, Loans and Assets

        2013-07-19

        Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust, announced the bank’s second quarter financial performance as of June 30, 2013. Total deposits grew 7% to $950.7 million from $891.2 million a year ago. Total gross loans grew 6.5% to $538.2 million from $505.5 million a year ago. The bank grew total assets to $1.07 billion from $1.03 billion year over year, a 4.5% increase.


      • Economic Weekly Update 07-15-13

        2013-07-15

        Economic & Market Update: July 15, 2013 "Hedge Funds Can Advertise...But Should They?"


      • Economic Weekly Update 07-08-13

        2013-07-08

        Economic & Market Update: July 8, 2013 "High Yield Munis: Risky Business"


      • Flash Report - June 2013

        2013-07-08

        Economic Data: The economy showed positive signs of growth throughout Q2 as economic data appeared to stabilize. Volatility, as measured by both S&P standard deviation and the VIX, picked up in the second half of the quarter as the Federal Reserve discussed tapering its bond-purchasing program.


      • Economic Weekly Update 07-01-13

        2013-07-01

        Economic & Market Update: July 1, 2013 "Investors Gear Up for Earnings Post-Taper"


      • Montecito Bank & Trust Commits to 10 Years as Lead Sponsor of Triathlon

        2013-06-28

        Montecito Bank & Trust has signed on as the Presenting Sponsor of the Santa Barbara Triathlon for the next 10 years. The announcement extends its previous commitment which began in 2008.


      • Economic Weekly Update 06-24-13

        2013-06-24

        Economic & Market Update: June 24, 2013 "Is Fixed Income the New Equity?"


      • Montecito Bank & Trust Provides $11,000 for Local Scholarships

        2013-06-20

        The Montecito Bank & Trust college scholarship fund for high school seniors has been in existence for 23 years, funding over $180,000 in scholarships through the Scholarship Foundation of Santa Barbara. For 2013, the bank will provide $9,000 in scholarships with an additional $2,000 specifically for arts scholarships.


      • Schomer joins Montecito Bank & Trust Wealth Management Division

        2013-06-17

        Montecito Bank & Trust is pleased to announce that Suzi Schomer has joined the bank as a Vice President and Business Development Officer, reporting to Jeff Pittman, Senior Vice President and Director of Wealth Management.


      • Economic Weekly Update 06-17-13

        2013-06-17

        Economic & Market Update: June 17, 2013 "Unconstrained Bond Funds Fail to Deliver"


      • Economic Weekly Update 06-10-13

        2013-06-10

        Economic & Market Update: June 10, 2013 "Risk Parity - New Thinking or New Packaging?"


      • Flash Report - May 2013

        2013-06-06

        Economic Data: Throughout the month of May, economic data came in negative as measured by the Citigroup Economic Surprise Index (CESI). Despite reversing its negative trend into positive territory towards the end of April, the CESI trended down for much of May. The index ended the month in negative territory and has continued on the same path through the beginning of June.


      • Economic Weekly Update 06-03-13

        2013-06-04

        Economic & Market Update: June 3, 2013 "Does Sector Shift Spell a Continued Rally?"


      • Economic Weekly Update 05-28-13

        2013-05-28

        Economic & Market Update: May 28, 2013 "Is the Fed in the Home Stretch?"


      • Economic Weekly Update 05-20-13

        2013-05-20

        Economic & Market Update: May 20, 2013 "Why the Lack of Inflation is a Problem"


      • Economic Weekly Update 05-13-13

        2013-05-13

        Economic & Market Update: May 13, 2013 "Housing Finally Breaks Free"


      • Flash Report - April 2013

        2013-05-08

        Economic Data: As April came to a close, economic data reversed its negative trend throughout the month, as represented by the Citigroup Economic Surprise Index. The index continued to show signs of weakening in April, but then turned positive going into May as economic data began to surprise on the upside.


      • Economic Weekly Update 05-06-13

        2013-05-06

        Economic & Market Update: May 6, 2013 "Central Banks Steal the Spotlight Once Again"


      • Economic Weekly Update 04-22-13

        2013-04-22

        Economic & Market Update: April 22, 2013 "Q1 Earnings Leave Much to be Desired"


      • Montecito Bank & Trust Reports Growth for the Quarter

        2013-04-22

        Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust announced the Bank’s first quarter performance. The bank grew total assets from $1.03 billion to $1.06 billion year over year. Total deposits grew to $927.6 million from $873.6 million, a reflection of the growing number of new customer relationships welcomed to the bank.


      • Dan Sayre Groesbeck’s “Landing of Cabrillo” Painting Returns Home

        2013-04-18

        The 1000 State Street flagship downtown branch of Montecito Bank & Trust has been undergoing renovation for several months, with the goal of maintaining its historic grandeur. New 18.2 foot high by 6.2 foot wide customized windows have been meticulously installed in its Cabrillo Street façade. Inside the branch on the mezzanine level is a smaller medallion window which has also needed renovation, requiring the removal of a Montecito Bank & Trust branded tapestry which has hung below the medallion window for decades.


      • Economic Weekly Update 04-15-13

        2013-04-17

        Economic & Market Update: April 15, 2013 "Tax Day as Polarizing as Ever"


      • Economic Weekly Update 04-08-13

        2013-04-09

        Economic & Market Update: April 8, 2013 “Labor Markets Stumble in March”


      • Flash Report - March 2013

        2013-04-09

        Economic Data: As the first quarter came to a close, economic data turned slightly negative, as represented by the Citigroup Economic Surprise Index. The index trended up throughout February, but then turned negative over the course of March as economic data began to surprise to the downside.


      • MB&T Provides Financial Education to 1900 Local Students

        2013-04-04

        Over the last seven years, Montecito Bank & Trust has supported national Teach Children to Save Day. The interest in having Montecito Bank & Trust volunteers visit local schools has grown substantially and employees have once again rallied to meet the requests. This year 45 bank volunteers will be teaching 1900 local students at 22 schools from grades K through 12 located throughout Santa Barbara and Ventura Counties. Due to Santa Barbara city school district’s mandatory testing schedule conflicting with the American Bankers Association’s national Teach Children to Save Day, Montecito Bank & Trust worked with Santa Barbara County to visit schools today and will be visiting Ventura County Schools on Wednesday, April 10.


      • Economic Weekly Update 03-25-13

        2013-03-26

        Economic & Market Update: March 25, 2013 “Currencies in a Race to Debase”


      • Economic Weekly Update 03-18-13

        2013-03-19

        Economic & Market Update: March 18, 2013 “Why are Emerging Markets Struggling in 2013?”


      • Flash Report - February 2013

        2013-03-14

        Economic Data: The pace of positive economic data improved in February, as represented by the Citigroup Economic Surprise Index. A stunning personal income report on the first day of the month sent the index racing higher, while sharply improved ISM manufacturing figures and a steep drop in the trade deficit gave the index a subsequent lift...


      • Economic Weekly Update 03-11-13

        2013-03-12

        Economic & Market Update: March 11, 2013 “Finally, a Jobs Report Worth Reading”


      • MB&T Expands Investment Services through MB&T Advisors

        2013-03-01

        Montecito Bank & Trust announces the creation of MB&T AdvisorsSM, offering access to investment options to buy and sell mutual funds, equities, bonds and other investment products and services through its newly formed relationship with LPL Financial.


      • Wealth Management Conversation Series: Global Demographic Themes

        2013-02-13

        A presentation by Kathleen Kalp, CFA, of Montecito Bank & Trust's Wealth Management Division.


      • Montecito Bank & Trust Reports Increased Profitability in 2012

        2013-01-30

        Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust announced the Bank’s 2012 performance highlighting continued profitability growth for the year ending 2012.


        • Foodbank of Santa Barbara is the 2012 Triathlon Beneficiary

          2011-12-15

          As the 2011 Santa Barbara Triathlon wrapped up in August, Montecito Bank & Trust again opened up the 2012 beneficiary selection process to community voting. The bank selected nine local nonprofit contenders and spread the word that community voting would make the decision in the selection of the lucky 2012 Santa Barbara Triathlon beneficiary.


        • Montecito Bank & Trust Business Event Series Surpasses Expectations

          2011-11-29

          Montecito Bank & Trust held the first event of its fall business seminars, The B2B Series: Your Growing Business, Tuesday evening at Fess Parker's Doubletree Resort. The event was well attended by a lively and engaged audience of over 200 local business owners, business managers and nonprofit executive directors.


        • Montecito Bank & Trust Donates $1,000,000 in 9th Annual Community Dividends®

          2011-11-21

          While many local companies have significantly reduced their corporate philanthropy during this economic downturn, Montecito Bank & Trust has maintained its traditional community giving. Today, one hundred and fifty-nine nonprofit organizations located from Solvang to Westlake Village received donations totaling $1,000,000...


        • 2011 Community Dividends® Honorees: Congratulations!

          2011-11-21

          Montecito Bank & Trust awarded 163 nonprofit organizations from Santa Barbara and Ventura Counties a total of $1,000,000 to help them continue their good work.


        • Montecito Bank & Trust’s Social Media Business Event Scores a Grand Slam

          2011-11-18

          Montecito Bank & Trust held its third and final fall business seminar event Wednesday evening, November 16th, at Fess Parker’s Doubletree Resort. The evening’s topic was: Social Media for Your Growing Business with over 350 people in attendance.


        • Montecito Bank & Trust Presents Unique Fall Business Seminar Series

          2011-11-14

          Montecito Bank & Trust is not sitting idle waiting for the economy to improve, rather, they have decided to create some local economic stimulus to help Santa Barbara and Ventura County businesses sustain and grow their enterprises.


        • Montecito Bank & Trust Business Event Scores a Second Home Run

          2011-10-31

          Montecito Bank & Trust held the second of its fall business seminar events Thursday evening at Fess Parker's Doubletree Resort. The B2B Series: Your Growing Business, event was well attended by a lively and engaged audience of over 200 local business owners, business managers and nonprofit executive directors.


        • New Technology and Equipment Can Boost Productivity and Profits

          2011-10-31

          November is the perfect month to give your business a quick 'tech check up.' Improving your technology is a good way to boost profits and productivity.


        • Pittman joins Montecito Bank & Trust Wealth Management Division

          2011-10-26

          Montecito Bank & Trust is pleased to announce that on November 1st Jeff Pittman will be joining the bank as Senior Vice President and Director of the Wealth Management Division.


        • Montecito Bank & Trust Profitability Grows as Bank exceeds $1 Billion in Assets!

          2011-10-24

          Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "We are pleased to report YTD net income of $9.2 million, 148% greater than the $3.7 million reported for the same period last year. During the third quarter, the Bank achieved a new milestone, exceeding $1 billion in assets."


        • Five Proven Time Management Tips

          2011-09-30

          Do you ever wonder how your spouse, best friend or business partner manages to get so much done in a day, while you struggle to keep up? The secret to their success is good time management. Once you adopt these easy strategies, you’ll find that tackling daily tasks in a coherent way reduces stress and frees up more time for relaxation and recreation.


        • Maximize Personal Success by Finding a Mentor

          2011-08-31

          Based on my interviews with thousands of business owners and experts over the past 20 years, I've learned that super successful people always set their egos aside and ask for help. They know what they don't know and seek information and guidance from a variety of sources--including mentors. Finding a mentor, no matter how old you may be or what you do for a living, is not as tough as you think.


        • Hire Smartly to Avoid Mistakes

          2011-07-31

          With the unemployment rate hovering around 9 percent and 14 million Americans out of work, there is a lot of talent out there for business owners to tap. So, if you have been waiting to take advantage of all the great talent out there, here are some practical tips for hiring smart.


        • Montecito Bank & Trust and Easy Lift Wrap Support around the S.B. Triathlon

          2011-07-27

          For the third consecutive year, Montecito Bank & Trust is proud to renew its commitment to the 2011 Santa Barbara Triathlon as presenting sponsor. Montecito Bank & Trust has also teamed up with Easy Lift Transportation to promote the event


        • Montecito Bank & Trust Reports Profitability and Growth

          2011-07-25

          Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "We are pleased to report that the bank ended the second quarter with $4.4 million in net profit, up 1% from a year ago..."


        • Pricing for Profits

          2011-06-30

          Figuring what to charge is a perennial challenge for small business owners. Big companies have entire departments devoted to purchasing, procurement and pricing. But, small companies have to figure it out by trial and error. Retailers traditionally double or triple the price of goods, but there is no set formula.


        • Montecito Bank & Trust Provides $11,000 for Local Scholarships

          2011-06-07

          The Montecito Bank & Trust college scholarship fund for high school seniors has been in existence for 21 years, funding over $160,000 in scholarships through the Scholarship Foundation of Santa Barbara.


        • High Impact, Low-Cost Marketing Tips

          2011-05-31

          Social media may be the rage right now, but savvy small business owners still rely on low-cost offline marketing strategies to boost sales. Now is the time to shine a light on your business, no matter what you do. So, read on for affordable strategies perfect for your specific kind of enterprise.


        • Montecito Bank & Trust’s Revive and Thrive Business Event a Success

          2011-05-20

          Montecito Bank & Trust hosted two special business events, Revive and Thrive: Business Strategies for Success in 2011, on Wednesday, May 18th at the Hyatt Westlake Plaza and on Thursday, May 19th at the Crowne Plaza Ventura.


        • Three Traits Every CEO Needs

          2011-05-11

          Harvard Business Review, Justin Menkes - No matter how successful or seemingly secure any business appears, there are no longer periods of calm seas for leaders in any industry. A broad statistic reinforces this fact emphatically: More than half the companies that were industry leaders in 1955 were still industry leaders in 1990. But more than two-thirds of 1990 industry leaders no longer existed by 2004.


        • The Power of Networking and Personal Connections

          2011-04-30

          In today's impersonal, online, drowning-in-email world, strong personal connections mean more than ever, especially for small business owners. Why?


        • Montecito Bank & Trust Continues Profitability and Strong Capitalization Trend

          2011-04-20

          Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "We are pleased to report that the bank ended the first quarter with $1.8 million in net profit in line with net profit of $1.9 million a year ago..."


        • Montecito Bank & Trust Provides Financial Education to 1500 Local Students

          2011-04-06

          Over the last five years, Montecito Bank & Trust has supported national Teach Children to Save Day. The interest in having Montecito Bank & Trust volunteers visit local schools has grown substantially and employees have once again rallied to meet the requests.


        • Cross-Train Employees to Boost Productivity and Morale

          2011-03-31

          Business owners wear many hats, but so should your employees. The smaller your team, the more critical it is that everyone do everything possible to keep things running smoothly.


        • Bank Employees Choose 10 Nonprofits to Receive Grant in Celebration of Bank Anniversary

          2011-03-07

          Montecito Bank & Trust commemorates 36 years as a trusted financial partner and a leader in corporate philanthropy throughout Santa Barbara and Ventura County communities by awarding a total of $15,000 in Anniversary GrantsSM to 10 local nonprofit organizations.


        • Montecito Bank & Trust Receives ABA Community Bank Award

          2011-03-04

          Montecito Bank & Trust was nationally recognized for its community outreach efforts during the American Bankers Association (ABA) National Conference for Community Bankers in San Diego on February 22. Montecito Bank & Trust received a Community Bank Award for the category, Reaching Out to the Underserved.


        • Local Community Helps Montecito Bank & Trust Select Triathlon Beneficiary

          2011-03-03

          Santa Barbara, Calif. – For its third consecutive year, Montecito Bank & Trust is the presenting sponsor of the 2011 Santa Barbara Triathlon. In its 30th year, the race is one of the oldest Triathlons in the nation. The Santa Barbara Triathlon is a community-oriented event that encourages its triathletes to raise money for a designated nonprofit beneficiary that is chosen each year by the presenting sponsor.


        • Breaking Bad Financial Habits to Boost Cash Flow

          2011-02-28

          When I speak to a group of business owners, I always ask people to raise their hand if clients or customers owe them money. Most of the time, dozens of hands go up.


        • Nine Things Successful People Do Differently

          2011-02-25

          Harvard Business Review, Heidi Grant Halvorson - Why have you been so successful in reaching some of your goals, but not others? If you aren't sure, you are far from alone in your confusion. It turns out that even brilliant, highly accomplished people are pretty lousy when it comes to understanding why they succeed or fail.


        • Montecito Bank & Trust’s Revive and Thrive Business Event a Success

          2011-02-16

          Montecito Bank & Trust hosted a special business event, Revive and Thrive: Business Strategies for Success in 2011, on Wednesday, February 16, 2011 at the Santa Barbara Fess Parker Doubletree Resort. Jane Applegate, one of America’s most respected small business management advisors, was the keynote speaker to an audience of over 200 local business leaders, business owners and nonprofit executive directors.


        • Montecito Bank & Trust Hosting Business Event on February 16, 2011

          2011-02-07

          Montecito Bank & Trust will be hosting a special business event, Revive and Thrive: Business Strategies for Success in 2011, on Wednesday, February 16, 2011 from 5:00 P.M. to 7:30 P.M. at the Fess Parker Doubletree Resort. Jane Applegate, one of America’s most respected small business management advisors, will be the keynote speaker.


        • Set Your Ego Aside and Ask for Help

          2011-01-26

          The most successful business people I've interviewed through the years have one trait in common: they set their egos aside and ask for help. No matter how smart you are, you can't always have all the answers.


          • MB&T Honored with ABA Community Bank Award

            2012-11-27

            Montecito Bank & Trust was nationally recognized for its financial literacy programs during the American Bankers Association's Annual Convention in San Diego on October 16. The bank was awarded for its endeavors in the Financial Education category.


          • 2012 Community Dividends® Honorees: Congratulations!

            2012-11-19

            Celebrating 10 Years of Giving Back! Montecito Bank & Trust awarded 180 nonprofit organizations from Santa Barbara and Ventura Counties a total of $1,000,000 to help them continue their good work. After 10 years that makes $10 million given back to the communities where we live and work.


          • MB&T Reports Continued Profitability & Growth

            2012-10-24

            MB&T is pleased to report that the bank ended the third quarter with year-to-date net profit of $8.77 million, slightly down from $9.25 million for the same period last year.


          • MB&T's B2B Ventura Event Sparks Lively Conversations

            2012-10-17

            Montecito Bank & Trust kicked off its 2nd annual B2B seminar series in Ventura on Tuesday, October 9. Lively and engaged conversations took place during the networking portion of the evening while enjoying wine and hors d'oeuvres.


          • Montecito Bank & Trust Kicks-Off B2B Series on October 9, 2012

            2012-09-27

            Montecito Bank & Trust is presenting its second B2B fall series, kicking off the schedule on Tuesday, October 9, 2012. Back by popular demand, the series begins with John Rodriquez, Principal Consultant, The Table Group, Inc. Mr. Rodriquez has worked closely with Patrick Lencioni in the writing of over a half dozen books, including The Five Dysfunctions of a Team, which has sold over a million copies worldwide.


          • Wealth Management Conversation Series: Innovative Strategies for Risk-Managed Portfolios

            2012-08-03

            Many have proclaimed the failure of diversification. Rather than asking, "How is my capital allocated?" investors should be asking, "How are the risks to my capital allocated?" Diversification has not failed; many investors simply do not have truly diversified portfolios. During a recent seminar on this topic presented by Montecito Bank & Trust, three industry experts shared their thoughts on the subject.


          • Montecito Bank & Trust Reports 35% Increase in Earnings

            2012-07-11

            Montecito Bank & Trust is pleased to report that the bank ended the second quarter with year to date $5.95 million in net profit, up 35% from a year ago.


          • Kids Delight in the Music Academy's Carnival of the Animals

            2012-07-02

            It was a picture perfect Santa Barbara morning in the gorgeous park-like setting of the Music Academy of the West when nearly 300 energetic kids arrived for Carnival of the Animals to participate in animal themed activities and to hear the 1886 Saint-Saens' Carnival of the Animals concert performed by world renowned classical musicians.


          • Kalp joins Montecito Bank & Trust Wealth Management Division

            2012-06-26

            Montecito Bank & Trust is pleased to announce that Kathleen Kalp, CFA, has joined the bank as Vice President and Senior Portfolio Manager.


          • Montecito Bank & Trust Provides $11,000 for Local Scholarships

            2012-06-01

            For 2012, the bank's college scholarship fund for high school seniors will provide $9,000 in scholarships with an additional $2,000 specifically for arts scholarships.


          • Montecito Bank & Trust Continues Strong Growth and Profitability Trend

            2012-04-18

            Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "We are pleased to report that Montecito Bank & Trust's first quarter profitability was $3.2 million, a 78% increase compared to $1.8 million a year ago."


          • Montecito Bank & Trust Provides Financial Education to 1600 Local Students

            2012-04-06

            Over the last six years, Montecito Bank & Trust has supported national Teach Children to Save Day. The interest in having Montecito Bank & Trust volunteers visit local schools has grown substantially and employees have once again rallied to meet the requests.


          • Wealth Management Conversation Series: Navigating the New Normal

            2012-04-04

            At a recent Montecito Bank & Trust Wealth Management seminar, guest economist Michael Lewis and MB&T Chief Investment Officer Peter Madlem provided information about the current state of the economy and its impact on investment management strategies.


          • Bank Employees Choose 10 Nonprofits to Receive Grants

            2012-03-15

            Montecito Bank & Trust commemorates 37 years as a trusted financial partner and a leader in corporate philanthropy throughout Santa Barbara and Ventura County communities by awarding Anniversary GrantsSM to 10 local nonprofit organizations.


          • Montecito Bank & Trust Officially Opens New Branch with Spirited Ribbon Cutting

            2012-03-07

            Spirits were high as Montecito Bank & Trust hosted a ribbon cutting ceremony and reception for 200 Goleta guests at their new Hollister and Storke Road branch on Tuesday, February 28, 2012.


          • MacCulloch joins Montecito Bank & Trust Wealth Management Division

            2012-02-01

            Montecito Bank & Trust is pleased to announce that David MacCulloch has joined the bank as Vice President, Senior Trust Officer, reporting to Jeff Pittman, Director of Wealth Management.


          • Montecito Bank & Trust Reports Strong Asset, Deposit and Earnings Growth in 2011

            2012-01-27

            Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust announced that Montecito Bank & Trust had a successful year, profitably and organically growing the bank from $940.5 million to $1.02 billion in assets at year end, a robust 8.35% increase over a year ago.


          • Montecito Bank & Trust Opens Doors to Second Branch in Goleta

            2012-01-20

            Montecito Bank & Trust opens the doors on Monday, January 23 to its newest branch located at 6900 Hollister Avenue at the corner of Storke and Hollister in Goleta.


          • Madlem joins Montecito Bank & Trust Wealth Management Division

            2012-01-10

            Montecito Bank & Trust is pleased to announce that Peter Madlem has joined the bank as Senior Vice President and Chief Investment Officer, reporting to Jeff Pittman, Director of Wealth Management.


            • Foodbank of Santa Barbara is the 2012 Triathlon Beneficiary

              2011-12-15

              As the 2011 Santa Barbara Triathlon wrapped up in August, Montecito Bank & Trust again opened up the 2012 beneficiary selection process to community voting. The bank selected nine local nonprofit contenders and spread the word that community voting would make the decision in the selection of the lucky 2012 Santa Barbara Triathlon beneficiary.


            • Montecito Bank & Trust Business Event Series Surpasses Expectations

              2011-11-29

              Montecito Bank & Trust held the first event of its fall business seminars, The B2B Series: Your Growing Business, Tuesday evening at Fess Parker's Doubletree Resort. The event was well attended by a lively and engaged audience of over 200 local business owners, business managers and nonprofit executive directors.


            • Montecito Bank & Trust Donates $1,000,000 in 9th Annual Community Dividends®

              2011-11-21

              While many local companies have significantly reduced their corporate philanthropy during this economic downturn, Montecito Bank & Trust has maintained its traditional community giving. Today, one hundred and fifty-nine nonprofit organizations located from Solvang to Westlake Village received donations totaling $1,000,000...


            • 2011 Community Dividends® Honorees: Congratulations!

              2011-11-21

              Montecito Bank & Trust awarded 163 nonprofit organizations from Santa Barbara and Ventura Counties a total of $1,000,000 to help them continue their good work.


            • Montecito Bank & Trust’s Social Media Business Event Scores a Grand Slam

              2011-11-18

              Montecito Bank & Trust held its third and final fall business seminar event Wednesday evening, November 16th, at Fess Parker’s Doubletree Resort. The evening’s topic was: Social Media for Your Growing Business with over 350 people in attendance.


            • Montecito Bank & Trust Presents Unique Fall Business Seminar Series

              2011-11-14

              Montecito Bank & Trust is not sitting idle waiting for the economy to improve, rather, they have decided to create some local economic stimulus to help Santa Barbara and Ventura County businesses sustain and grow their enterprises.


            • Montecito Bank & Trust Business Event Scores a Second Home Run

              2011-10-31

              Montecito Bank & Trust held the second of its fall business seminar events Thursday evening at Fess Parker's Doubletree Resort. The B2B Series: Your Growing Business, event was well attended by a lively and engaged audience of over 200 local business owners, business managers and nonprofit executive directors.


            • New Technology and Equipment Can Boost Productivity and Profits

              2011-10-31

              November is the perfect month to give your business a quick 'tech check up.' Improving your technology is a good way to boost profits and productivity.


            • Pittman joins Montecito Bank & Trust Wealth Management Division

              2011-10-26

              Montecito Bank & Trust is pleased to announce that on November 1st Jeff Pittman will be joining the bank as Senior Vice President and Director of the Wealth Management Division.


            • Montecito Bank & Trust Profitability Grows as Bank exceeds $1 Billion in Assets!

              2011-10-24

              Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "We are pleased to report YTD net income of $9.2 million, 148% greater than the $3.7 million reported for the same period last year. During the third quarter, the Bank achieved a new milestone, exceeding $1 billion in assets."


            • Five Proven Time Management Tips

              2011-09-30

              Do you ever wonder how your spouse, best friend or business partner manages to get so much done in a day, while you struggle to keep up? The secret to their success is good time management. Once you adopt these easy strategies, you’ll find that tackling daily tasks in a coherent way reduces stress and frees up more time for relaxation and recreation.


            • Maximize Personal Success by Finding a Mentor

              2011-08-31

              Based on my interviews with thousands of business owners and experts over the past 20 years, I've learned that super successful people always set their egos aside and ask for help. They know what they don't know and seek information and guidance from a variety of sources--including mentors. Finding a mentor, no matter how old you may be or what you do for a living, is not as tough as you think.


            • Hire Smartly to Avoid Mistakes

              2011-07-31

              With the unemployment rate hovering around 9 percent and 14 million Americans out of work, there is a lot of talent out there for business owners to tap. So, if you have been waiting to take advantage of all the great talent out there, here are some practical tips for hiring smart.


            • Montecito Bank & Trust and Easy Lift Wrap Support around the S.B. Triathlon

              2011-07-27

              For the third consecutive year, Montecito Bank & Trust is proud to renew its commitment to the 2011 Santa Barbara Triathlon as presenting sponsor. Montecito Bank & Trust has also teamed up with Easy Lift Transportation to promote the event


            • Montecito Bank & Trust Reports Profitability and Growth

              2011-07-25

              Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "We are pleased to report that the bank ended the second quarter with $4.4 million in net profit, up 1% from a year ago..."


            • Pricing for Profits

              2011-06-30

              Figuring what to charge is a perennial challenge for small business owners. Big companies have entire departments devoted to purchasing, procurement and pricing. But, small companies have to figure it out by trial and error. Retailers traditionally double or triple the price of goods, but there is no set formula.


            • Montecito Bank & Trust Provides $11,000 for Local Scholarships

              2011-06-07

              The Montecito Bank & Trust college scholarship fund for high school seniors has been in existence for 21 years, funding over $160,000 in scholarships through the Scholarship Foundation of Santa Barbara.


            • High Impact, Low-Cost Marketing Tips

              2011-05-31

              Social media may be the rage right now, but savvy small business owners still rely on low-cost offline marketing strategies to boost sales. Now is the time to shine a light on your business, no matter what you do. So, read on for affordable strategies perfect for your specific kind of enterprise.


            • Montecito Bank & Trust’s Revive and Thrive Business Event a Success

              2011-05-20

              Montecito Bank & Trust hosted two special business events, Revive and Thrive: Business Strategies for Success in 2011, on Wednesday, May 18th at the Hyatt Westlake Plaza and on Thursday, May 19th at the Crowne Plaza Ventura.


            • Three Traits Every CEO Needs

              2011-05-11

              Harvard Business Review, Justin Menkes - No matter how successful or seemingly secure any business appears, there are no longer periods of calm seas for leaders in any industry. A broad statistic reinforces this fact emphatically: More than half the companies that were industry leaders in 1955 were still industry leaders in 1990. But more than two-thirds of 1990 industry leaders no longer existed by 2004.


            • The Power of Networking and Personal Connections

              2011-04-30

              In today's impersonal, online, drowning-in-email world, strong personal connections mean more than ever, especially for small business owners. Why?


            • Montecito Bank & Trust Continues Profitability and Strong Capitalization Trend

              2011-04-20

              Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "We are pleased to report that the bank ended the first quarter with $1.8 million in net profit in line with net profit of $1.9 million a year ago..."


            • Montecito Bank & Trust Provides Financial Education to 1500 Local Students

              2011-04-06

              Over the last five years, Montecito Bank & Trust has supported national Teach Children to Save Day. The interest in having Montecito Bank & Trust volunteers visit local schools has grown substantially and employees have once again rallied to meet the requests.


            • Cross-Train Employees to Boost Productivity and Morale

              2011-03-31

              Business owners wear many hats, but so should your employees. The smaller your team, the more critical it is that everyone do everything possible to keep things running smoothly.


            • Bank Employees Choose 10 Nonprofits to Receive Grant in Celebration of Bank Anniversary

              2011-03-07

              Montecito Bank & Trust commemorates 36 years as a trusted financial partner and a leader in corporate philanthropy throughout Santa Barbara and Ventura County communities by awarding a total of $15,000 in Anniversary GrantsSM to 10 local nonprofit organizations.


            • Montecito Bank & Trust Receives ABA Community Bank Award

              2011-03-04

              Montecito Bank & Trust was nationally recognized for its community outreach efforts during the American Bankers Association (ABA) National Conference for Community Bankers in San Diego on February 22. Montecito Bank & Trust received a Community Bank Award for the category, Reaching Out to the Underserved.


            • Local Community Helps Montecito Bank & Trust Select Triathlon Beneficiary

              2011-03-03

              Santa Barbara, Calif. – For its third consecutive year, Montecito Bank & Trust is the presenting sponsor of the 2011 Santa Barbara Triathlon. In its 30th year, the race is one of the oldest Triathlons in the nation. The Santa Barbara Triathlon is a community-oriented event that encourages its triathletes to raise money for a designated nonprofit beneficiary that is chosen each year by the presenting sponsor.


            • Breaking Bad Financial Habits to Boost Cash Flow

              2011-02-28

              When I speak to a group of business owners, I always ask people to raise their hand if clients or customers owe them money. Most of the time, dozens of hands go up.


            • Nine Things Successful People Do Differently

              2011-02-25

              Harvard Business Review, Heidi Grant Halvorson - Why have you been so successful in reaching some of your goals, but not others? If you aren't sure, you are far from alone in your confusion. It turns out that even brilliant, highly accomplished people are pretty lousy when it comes to understanding why they succeed or fail.


            • Montecito Bank & Trust’s Revive and Thrive Business Event a Success

              2011-02-16

              Montecito Bank & Trust hosted a special business event, Revive and Thrive: Business Strategies for Success in 2011, on Wednesday, February 16, 2011 at the Santa Barbara Fess Parker Doubletree Resort. Jane Applegate, one of America’s most respected small business management advisors, was the keynote speaker to an audience of over 200 local business leaders, business owners and nonprofit executive directors.


            • Montecito Bank & Trust Hosting Business Event on February 16, 2011

              2011-02-07

              Montecito Bank & Trust will be hosting a special business event, Revive and Thrive: Business Strategies for Success in 2011, on Wednesday, February 16, 2011 from 5:00 P.M. to 7:30 P.M. at the Fess Parker Doubletree Resort. Jane Applegate, one of America’s most respected small business management advisors, will be the keynote speaker.


            • Set Your Ego Aside and Ask for Help

              2011-01-26

              The most successful business people I've interviewed through the years have one trait in common: they set their egos aside and ask for help. No matter how smart you are, you can't always have all the answers.


              • Montecito Bank & Trust Posts Strong Profits

                2009-10-19

                Montecito Bank & Trust reported strong earnings of $7.7 million for the first nine months of 2009 as compared to $5.2 million for the first nine months of 2008. Janet Garufis, President and Chief Executive Officer of Montecito Bank & Trust, stated, "We are extremely pleased with our performance, especially given the continuing stress in the economic environment. We continue to benefit from our disciplined management practices and our long-term strategic approach to growth and profitability."


              • Montecito Bank & Trust Continues to Post Profits and Growth

                2009-07-20

                Montecito Bank & Trust announced that it had a profitable second quarter, and year to date performance. Janet Garufis, President and Chief Executive Officer of Montecito Bank & Trust, stated, "We are extremely pleased with our performance, especially given the ongoing effects of the difficult economic environment."


              • Montecito Bank & Trust Accepts California Warrants for Customers

                2009-07-06

                Montecito Bank & Trust announced that it will accept the California state issued warrants until further notice for existing customers of the bank. Janet Garufis, President and Chief Executive Officer of Montecito Bank & Trust, stated, "We are ready to assist our customers who will be receiving state warrants and hope this will be a short-term need."


              • Montecito Bank & Trust Puts a New Spin on Leadership Training Benefiting Kids in Ventura County

                2009-06-17

                Santa Barbara, Calif. – Leadership Training for associates at Montecito Bank & Trust receives a high priority and profile. "We invest in leadership development for multiple levels of managers and other selected associates as it is vitally important that our prescribed leadership values and vocabulary be embraced by all associates and permanently infused into the bank's culture," stated Janet Garufis, president and chief executive officer. "Today, 34 of our associates are receiving our Leadership Challenge Training, but with a double surprise that will put huge smiles on the faces of some kids from Ventura County."


              • Free Safe Deposit Boxes available at Montecito Bank & Trust for Jesusita Fire Evacuees

                2009-05-08

                Montecito Bank & Trust is offering free safe deposit boxes for 90 days to Santa Barbara residents displaced by the Jesusita Fire. This free safe deposit box offer is limited to Jesusita Fire evacuees, one per family. Safe deposit box quantities and sizes may vary and are available while supplies last. Our safe deposit boxes are located in fireproof vaults made of steel.


              • Montecito Bank & Trust Receives "Premier Performance" Recognition

                2009-04-27

                Montecito Bank & Trust announced that it has received recognition as a "Premier Performing Bank" for the ninth consecutive year by the Findley Reports, an independent service which rates the financial performance of California banks. Janet Garufis, President and Chief Executive Officer of Montecito Bank & Trust, stated, "We were very pleased to again receive this recognition from the Findley Reports. We were the only Santa Barbara County based bank to receive it for our 2008 performance, and one of only two banks in the tri-counties to have received it, as 2008 has been a very challenging year for virtually all banks."


              • Sharing Good News

                2009-03-16

                As Montecito Bank & Trust celebrates its 34th anniversary, it's a good news story – a bright spot in these economic times – worth sharing. On March 17, 1975, Montecito Bank & Trust first opened its doors. From the very beginning, we have strived to make a real and sustainable difference. And although much has changed over the years, there is something important that hasn't: the strength of our commitment to our community, our customers and our associates.


              • Montecito Bank & Trust Celebrates 34th Anniversary with Grants

                2009-03-16

                Montecito Bank & Trust commemorates 34 years of providing financial services to Santa Barbara and Ventura County communities by awarding Anniversary Grants SM to 10 local nonprofit organizations. "Montecito Bank & Trust has a distinguished history of community support and involvement," stated Janet A. Garufis, president and chief executive officer. "Helping our community grow and prosper is the essence of who we are and an important part of our success. We appreciate the important contributions our local nonprofits make to the vitality of our communities, and we are pleased to be able to continue this tradition, especially at a time when economic realities make the need that much greater."


              • Montecito Bank & Trust Reports Good Profits and Growth for 2008

                2009-02-02

                Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "While a large majority of California banks were reporting losses for the year, we are pleased to report that Montecito Bank & Trust had a profitable year. While net income was down as compared to 2007, we still achieved net income of $6.1 million, which may be the best of any tri-county based bank. Loan demand remained strong, contributing to the 15.1% growth in our loan portfolio. Deposit growth was fueled by the community's demand for our competitive new Access Checking product, and total bank assets ended the year at over $800 million. Our year end risk-based capital ratio was a strong 10.5%."