Montecito Bank & Trust Commemorates Juneteenth With $25,000 Donation

June 19, 2020

Montecito Bank & Trust (MB&T) announced today that a $25,000 donation will be made to support the fight against racism and inequality, in the wake of recent events across the country. This commitment reflects the Bank's long tradition of corporate philanthropy and our active inclusion of our associates in this foundational pillar. It is in this spirit that we arealso creating an additional $25,000 associate matching fundto support 501(c)3 organizations that are working to support systemic change of this kind and that our associates feel connected to.

In reflecting upon what has unfolded across the world, Bank Chairwoman and CEO, Janet Garufis, feels "It is an unfortunate state that we find ourselves facing, one that has shaken all of us to our core. But I believe that we each have the power to change the world, to ignite hope for understanding, acceptance and peace and to start bringing an end to the bias, prejudice and injustice around us." The Bank is committed to providing our associates with a safe and open environment to engage in these conversations. Ms. Garufis and her leadership team have been exploring meaningful ways to respond, noting "When faced with such a widespread, national problem, where and how to begin has felt overwhelming. So, we start with what we know. We stay true to our values, investing in organizations that provide direct support. Providing a philanthropic investment to an organization whose mission it is to fight racism and to promote social justice, tolerance and equality, is a place to start."

Several organizations are being considered for the initial $25,000 donation and the final decision will be announced by July 1, 2020. MB&T has a tradition of local giving and investment, however, the type of change we all hope for is much broader than just our Central Coast communities, and this initial donation warrants a unique departure for us as we expand our search to identify an organization with a commensurate reach and impact. Ms. Garufis reminded our more than 200 associates that "We have always beenguided by Michael Towbes’ belief that we should always do the right thing, even when no one is watching. And in the end, we should all remember that kindness matters."