×
MB&T
Finance
January 22, 2026
Santa Barbara, CA — January 22, 2026 Integrated Procurement Technologies (IPT) and Montecito Bank & Trust (MB&T), proudly organized and held a Power of Partnership 5K, which took place on Tuesday, January 20th, 2026 along Cabrillo Boulevard.
Designed to bring together Santa Barbara’s business community in the spirit of giving, the second annual Power of Partnership 5K expanded this year and featured over 150 participants from the two companies. Runners and walkers took to the 5K course for some invigorating morning exercise, friendly competition, team building and corporate philanthropy. In the shared spirit of giving back, the participants’ finish times were used to determine how much each company would contribute to four nonprofits selected for this year’s event — Family Service Agency of Santa Barbara County, Food Bank of Santa Barbara County, Santa Barbara Rescue Mission and Wounded Warrior Project. In total, $105,000 was raised.
The partnership between IPT and MB&T came to light over a casual group dinner last fall. While chatting, Ken Krutenat, President of IPT, and Janet Garufis, Chairman and CEO of MB&T, realized that corporate giving runs deep within their respective company cultures and that there was something potentially powerful in partnering to create a greater impact. IPT’s previous experience conducting a 5K event for charity aligned well with MB&T’s passion for giving and gave way to the 2nd annual Power of Partnership 5K.
Ken Krutenat states, "At IPT, we view our success as a blessing, an opportunity, and a responsibility. We have been fortunate to build on a strong foundation, supported by great people, strong partnerships, and tremendous opportunity. Giving back is at the core of who we are, helping others as we help ourselves. I feel truly blessed to work alongside people who share these values, making our company’s acts of 'giving back' a joyful and unifying experience."
Similarly, Janet, a runner herself, celebrated the event and partnership noting “Our companies’ shared values brought us together for a beautiful and meaningful morning. It was wonderful to see MB&T and IPT associates unite around a shared purpose and make a collective difference in our community at a time when we know the need is heightened. Ken and I hope this is just the beginning. Making a difference is in the DNA of Santa Barbara residents and businesses and we look forward to potentially expanding this event and seeing what more we can do together.”
Tuesday’s race event highlighted the beauty of Santa Barbara’s waterfront while bringing visibility to the importance of community partnerships. Representatives from this year’s selected nonprofits were also onsite to discuss their organization’s work with the participants. The top-3 men’s and women’s finishers earned the opportunity to donate larger sums to their organization of choice. Both IPT and Montecito Bank & Trust look forward to subsequent events and the potential to expand the event to include additional partners.
About IPT
Integrated Procurement Technologies is a premier aftermarket distribution and service provider strategically aligned with major OEMs to support military operators and end-users around the world. We provide comprehensive procurement and program solutions for spares support, repair/overhaul services and system-level retrofits and upgrades for a broad portfolio of air, land, and sea-based platforms.
About Montecito Bank & Trust
Montecito Bank & Trust is the oldest and largest locally owned community bank in the Santa Barbara and Ventura counties, with 13 branches. Founded in 1975, the bank celebrated its 50th anniversary on March 17, 2025 and has a history of unwavering corporate philanthropy in the local communities it serves. The Bank offers a variety of deposit, lending and investing solutions for consumers, businesses and nonprofits.
Media Contacts:
Megan Orloff
EVP/Chief Strategy Officer, Montecito Bank & Trust
805-564-0236
Saylor Short
Marketing Coordinator at IPT
805-883-8531