Keep up to date with Montecito Bank & Trust

2019

• Montecito Bank & Trust Eclipses $1.5 Billion in Assets

  Montecito Bank & Trust reported total assets grew 7.9% or $110.3 million during the 12-month period ending March 31, closing at $1.5 billion, with loan growth of 7.4% year-over-year, ending the first quarter at $957.0 million.

  04-26-2019

• Tom Fisher Joins Montecito Bank & Trust’s Wealth Management Division

  Montecito Bank & Trust is pleased to announce that Tom Fisher has joined the bank as senior vice president and senior portfolio manager, reporting to Peter Madlem, chief investment officer

  03-23-2019

• Montecito Bank & Trust reports 2018 net income growth of 15%

  Montecito Bank & Trust reported strong net income of $20.8 million for the year ending 12/31/2018, up 15.2% versus prior year

  02-05-2019

2018

• Montecito Bank & Trust reports strong net income growth

  Montecito Bank & Trust reported strong year to date net income of $17.5 million, up 43% versus prior year, a one-time deferred tax adjustment contributed to the net income; net income before taxes grew 8.6% to $13.7 million

  10-25-2018

• Montecito Bank & Trust appoints two new members to Board of Directors

  Montecito Bank & Trust is pleased to announce the appointment of two new members to its Board of Directors, Christine Garvey and George Leis.

  08-07-2018

• Montecito Bank & Trust reports strong income growth

  Montecito Bank & Trust reported strong earnings year to date of $13.0 million, up 61% versus prior year, a one-time deferred tax adjustment contributed to the net income; the Bank’s net income before taxes grew 7.8% to $9.0 million

  07-26-2018

• Montecito Bank & Trust reports Q1 Earnings

  Montecito Bank & Trust reported total assets grew 5.6% to $74.8 million during the 12-month period, closing at $1.40 billion, with loan growth of 1.6% year-over-year, ending the first quarter at $891.2 million.

  04-26-2018

• Montecito Bank & Trust associates award 10 local nonprofits with Anniversary Grants

  Local nonprofit representatives joined Montecito Bank & Trust employees at the bank’s annual Anniversary Grants reception Thursday evening.

  03-16-2018

• Montecito Bank & Trust reports 20% net income growth to close out 2017

  Montecito Bank & Trust reported total assets grew $56.5 million during the 12-month period, closing at $1.4 billion, with loan growth of 5% year-over-year, ending the year at $912.3 million.

  02-08-2018

2017

• 184 Local Nonprofit Organizations Receive Community Dividends® Awards and Share of $1 Million at Montecito Bank & Trust’s 15th Annual Luncheon

  Montecito Bank & Trust kicked off the holiday season on Monday November 20, 2017, with a highly anticipated annual tradition, their Community Dividends awards luncheon.

  11-20-2017

• Montecito Bank & Trust Grows Net Income

  Montecito Bank & Trust reported net income grew 11.52% year-over-year, to $12.2 million, driven by strong loan growth of 16% during the same period, or $127 million, to $924 million

  10-18-2017

• Montecito Bank & Trust Continues Impressive Loan Growth

  Montecito Bank & Trust reported total assets grew $70.1 million to $1.3 billion during the prior 12-month period, driven by continued strong loan growth of 20.5% year-over-year, or $154 million, and 7.3% deposit growth year-over-year.

  08-09-2017

• United Way youngsters have ‘Fun in the Sun’ during unique opportunity at Music Academy of the West

  Nearly 300 local students from the United Way of Santa Barbara County’s Fun in the Sun program were treated to a musical morning on Monday, June 26.

  06-28-2017

• Montecito Bank & Trust Looks to Continued Growth Under Leadership Succession Plan

  Montecito Bank & Trust reported total assets grew $68.1 million during the prior 12-month period, closing at over $1.3 billion driven by continued strong loan growth of $155 million, or 21.5%, year-over-year and grew deposits to $1.2 billion.

  04-20-2017

• Montecito Bank & Trust Chairman solidifies vision of the future of the bank

  As a founder, and the current Chairman and sole owner of Montecito Bank & Trust, Michael Towbes has great trust and pride in the community bank and the team he has in place to lead it.

  04-03-2017

• Montecito Bank & Trust employees select 10 local nonprofits to receive Anniversary Grants℠

  Local nonprofit representatives joined the Montecito Bank & Trust employees who advocated for their causes at the bank’s annual Anniversary Grants event Tuesday evening

  03-16-2017

• Montecito Bank & Trust celebrates robust growth to close out 2016

  Montecito Bank & Trust reported total assets grew $93.9 million during the 12-month period, closing at $1.3 billion, with strong loan growth of 22% year-over-year, ending the year at $868.7 million. Deposit growth saw a 6.8% lift year-over-year, pushing y

  01-25-2017

2016

• 203 local nonprofits receive Community Dividends Awards, share of $1 million

  The fast-approaching holiday season signals the arrival of an annual tradition for Montecito Bank & Trust and hundreds of local nonprofit organizations – the highly-anticipated Community Dividends® awards luncheon. Now in its 14th year, this unique giving

  11-22-2016

• MB&T reports strong loan growth and solid deposit growth

  Montecito Bank & Trust reported continued strong loan growth of $112.9 million, ending the quarter at $797 million, 16.6% over the prior year. Deposit growth of $68.1 million pushed third quarter deposit totals over $1.1billion, a 6.5% year-over-year incr

  10-17-2016

• MB&T honored for financial elder abuse prevention program

  Montecito Bank & Trust was nationally recognized by the American Bankers Association Foundation for its program to prevent Senior Abuse and Financial Exploitation (SAFE) with a 2016 Community Commitment Award.

  09-26-2016

• Montecito Bank & Trust continues strong loan and core income growth

  Montecito Bank & Trust reported 13.6% year-over-year loan growth, ending the quarter at $752 million. Total assets grew $71.5 million during the same 12-month period, and 3% from Q4 2015, closing at $1.3 billion.

  08-02-2016

• Montecito Bank & Trust appoints Chief Operating Officer

  In a move to further cement their leadership and continue stewarding the mission of the region’s largest privately owned community bank, Montecito Bank & Trust (MB&T) has hired George Leis as EVP, Chief Operating Officer (COO), effective July 19, 2016.

  07-19-2016

• Montecito Bank & Trust Reports Continued Growth

  Montecito Bank & Trust reported 12% year-over-year gross loan growth, ending the quarter at $722 million, up 1.5% versus prior quarter. Total assets grew $59 million during the same 12-month period, and 1% from Q4 2015, closing at $1.3 billion.

  04-27-2016

• MB&T Reports Strong Growth to Close Out 2015

  Montecito Bank & Trust reported 2015 net income of $15.9 million, compared to $13.1 million in December 2014, a 21% increase.

  01-26-2016

• Emergency Preparedness – El Niño

  In preparation for the forecasted 2016 El Niño season, we have implemented and tested emergency and business continuity plans to ensure personal and operational safety at our locations during a disaster...

  01-11-2016

2015

• Montecito Bank & Trust Reports Net Income Growth of 25%

  Montecito Bank & Trust reported net income year to date of $12.2 million, compared to $9.8 million in September 2014, a 25% increase. Total gross loans grew 14% year-over-year, ending the quarter at $684 million.

  10-28-2015

• Montecito Bank & Trust Reports Robust Loan and Profit Growth

  Montecito Bank & Trust reported net income for the quarter of $8.1 million, compared to $5.6 million a year ago, a 44% increase. Total gross loans grew 23% year-over-year, from $540 million to $662 million. Total assets grew $54 million during the 12-mont

  07-13-2015

• MB&T reports strong growth in 2014

  Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust, announced the Bank’s 2014 performance.

  01-20-2015

• MB&T launches 'Free Throws for the Kiddos'

  Montecito Bank & Trust has created a new program to benefit local elementary schools in the Goleta Union School District (GUSD).

  01-15-2015