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The Latest News
2021
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Thomas Fisher will become Montecito Bank & Trust’s Chief Investment Officer
Thomas Fisher will succeed Peter Madlem as Montecito Bank & Trust’s Chief Investment Officer
04-02-2021
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Montecito Bank & Trust reports Q4 2020 Earnings
Montecito Bank & Trust reports strong asset growth to close out 2020 with $1.95 billion in assets
02-05-2021
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We Got Bank
The Second PPP is here, and once again Montecito Bank & Trust is accepting applications and "Ready to help the community until the money runs out."
01-28-2021
2020
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Montecito Bank & Trust Commemorates Juneteenth With $25,000 Donation
$25,000 donation and additional $25,000 associate matching fund support the fight against racism and inequality
06-19-2020
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Montecito Bank & Trust Secures $13.5 Million for Santa Ynez Valley Businesses
Montecito Bank & Trust secures PPP funds for 141 Santa Ynez Valley businesses
05-05-2020
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Montecito Bank & Trust Reports Strong Asset and Loan Growth
Montecito Bank & Trust assets grow 6.10% in Q1 2020
05-04-2020
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MB&T Update on Coronavirus
The safety and well-being of our associates, our clients and our communities is paramount
03-13-2020
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Montecito Bank & Trust reports Q4 2019 Earnings
Montecito Bank & Trust assets grow to $1.6 billion in 2019
02-08-2020
2019
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Montecito Bank & Trust Donates $1 Million in Community Dividends
Annual effort benefits 188 nonprofit organizations in Santa Barbara and Ventura counties
12-23-2019
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Montecito Bank & Trust Awards Community Dividends
188 Local Nonprofits Share in over $1 Million
11-29-2019
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Montecito Bank & Trust Aims to Bolster Affordable Housing Through Loan Program
By working with local housing authorities to finance acquisitions and rehabilitation projects, bank helps strengthen communities it serves
09-07-2019
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Montecito Bank & Trust Invests in Protecting Seniors from Financial Abuse
With proliferation of scams and fraud, bank steps up efforts to educate and keep clients informed of risks and prepared to recognize warning signs
08-31-2019
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Montecito Bank & Trust Branching Out to Help Clients with Cybersecurity
With online scams a growing threat, bank provides training and recommendations to protect against dangers
08-24-2019
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Montecito Bank & Trust's Financial Literacy Program Helps Cultivate Life Savers
Students and adults alike benefit from training and resources that create safer communities, successful school curricula
08-17-2019
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Montecito Bank & Trust reports strong deposit growth
Montecito Bank & Trust reported total assets grew to $1.54 billion, a 10.8% growth during the 12-month period ending June 30.
08-12-2019
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
2021
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The Economy at a Glance
03-29-2021
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The Economy at a Glance
03-15-2021
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The Economy at a Glance
03-01-2021
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The Economy at a Glance
02-15-2021
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The Economy at a Glance
02-01-2021
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The Economy at a Glance
01-18-2021
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The Economy at a Glance
01-04-2021
2020
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The Economy at a Glance
12-21-2020
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The Economy at a Glance
11-23-2020
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The Economy at a Glance
11-09-2020
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The Economy at a Glance
10-26-2020
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The Economy at a Glance
10-13-2020
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The Economy at a Glance
09-28-2020
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The Economy at a Glance
09-14-2020
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The Economy at a Glance
08-31-2020
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The Economy at a Glance
08-17-2020
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The Economy at a Glance
08-03-2020
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The Economy at a Glance
07-06-2020
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The Economy at a Glance
06-22-2020
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The Economy at a Glance
06-08-2020
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May 2020 In Review
REOPENING OPTIMISM
05-01-2020
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Letter from the Wealth Management CIO
HOPE FOR THE FUTURE
04-20-2020
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April 2020 In Review
A BRIDGE TO THE OTHER SIDE
04-20-2020
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Letter from the Wealth Management CIO
STAY THE COURSE
03-24-2020
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March 2020 In Review
LOOKING FOR A BOTTOM
03-01-2020
2019
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December 2019 In Review
U.S. ECONOMY'S PROMISING END TO 2019
12-19-2019
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November 2019 In Review
MODERATING GROWTH AMID TRADE WORRIES
12-16-2019
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October 2019 In Review
OCTOBER DATA SHOWS A SLOWING BUT GROWING ECONOMY
11-13-2019
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September 2019 In Review
ECONOMIC DATA IMPROVES IN SEPTEMBER
10-15-2019
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August 2019 In Review
MIXED U.S. ECONOMIC DATA IN AUGUST
09-12-2019
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July 2019 In Review
CONSUMERS PROPEL U.S. ECONOMY IN JULY
08-13-2019
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June 2019 In Review
U.S. ECONOMY MODERATES, FED SHIFTS IN JUNE
07-15-2019
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May 2019 In Review
SIGNS OF ECONOMIC RESILIENCE IN MAY
06-13-2019
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1st Quarter 2019 In Review
STOCKS REBOUND AMID MIXED ECONOMIC SIGNAL
05-13-2019
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April 2019 In Review
GREEN SHOOTS IN APRIL ECONOMIC DATA
04-30-2019
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March 2019 In Review
MIXED ECONOMIC SIGNALS CONTINUE IN MARCH
04-12-2019
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February 2019 In Review
SOUND ECONOMIC DATA IN FEBRUARY AMID GLOBAL UNCERTAINTY
03-15-2019
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January 2019 In Review
SOLID ECONOMY, BUT RISING UNCERTAINTY IN JANUARY REPORTS
02-14-2019
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December 2018 in Review
SIGNS OF STRONG U.S. ECONOMY CLOUDED BY MARKET VOLATILITY
01-14-2019
2018
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November 2018 In Review
ECONOMIC DATA IMPROVES, TRADE WEIGHS ON BUSINESSES
12-18-2018
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October 2018 In Review
SOLID ECONOMIC GROWTH, MANAGEABLE INFLATION
11-15-2018
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September 2018 in Review
ROBUST SEPTEMBER ECONOMIC DATA, AS FED HIKES RATES
10-16-2018
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August 2018 In Review
ECONOMIC REPORTS SOLID IN AUGUST DESPITE TRADE TENSIONS
09-13-2018
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July 2018 In Review
U.S. GROWTH ACCELERATES
08-14-2018
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June 2018 In Review
EVIDENCE OF A PICKUP IN U.S. GROWTH
07-17-2018
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May 2018 In Review
EVIDENCE OF A PICKUP IN U.S. GROWTH
06-12-2018
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April 2018 In Review
CONTINUED STEADY BUT SLIGHTLY SLOWER GROWTH
05-10-2018
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March 2018 In Review
SOLID ECONOMY OVERSHADOWED BY TRADE TENSIONS
04-12-2018
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February 2018 In Review
STEADY GROWTH WITH HIGHER INFLATION
03-13-2018
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January 2018 In Review
ECONOMY: ON SOLID FOOTING AS 2018 BEGAN
02-20-2018
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December 2017 In Review
DECEMBER DATA POINT TO CONTINUED STEADY GROWTH
01-12-2018
2017
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November 2017 In Review
NOVEMBER DATA POINTS TO ACCELERATING GROWTH
12-13-2017
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October 2017 In Review
DATA REFLECTS CONTINUED SOLID GROWTH
11-10-2017
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September 2017 In Review
HURRICANES IMPACT DATA, BUT EXPANSION APPEARS INTACT
10-12-2017
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August 2017 In Review
ECONOMY: AUGUST DATA CONFIRMS STEADY U.S. GROWTH
09-12-2017
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July 2017 In Review
ECONOMY: U.S. ECONOMY REBOUNDS IN Q2
08-15-2017
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June 2017 In Review
DATA CONFIRMS Q2 GROWTH REBOUND STILL ON TRACK
07-13-2017
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May 2017 In Review
DATA DISAPPOINTS, BUT GROWTH STILL STEADY
06-12-2017
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April 2017 In Review
ECONOMY SLOWS IN FIRST QUARTER
05-10-2017
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March 2017 In Review
ECONOMY: MIXED DATA STILL SUPPORTS IMPROVED GROWTH
04-25-2017
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February 2017 In Review
STRONG RUN OF ECONOMIC DATA ACCELERATES GROWTH
03-08-2017
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January 2017 In Review
ECONOMIC DATA POINT TO IMPROVING GROWTH
02-10-2017
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December 2016 In Review
GROWTH ACCELERATES IN THIRD QUARTER
01-18-2017
2016
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November 2016 In Review
GROWTH ACCELERATES IN THIRD QUARTER
12-07-2016
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Fiscal Outlook under a Trump Presidency
PRESIDENT TRUMP WILL BOOST SPENDING SOME, REAPPOINT YELLEN
11-18-2016
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September 2016 In Review
BOND YIELDS TO RISE. EQUITY ENVIRONMENT CHALLENGING
10-14-2016
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August 2016 In Review
POCKETS OF STRENGTH IN AUGUST KEEP Q3 GROWTH FORECASTS ON TRACK
09-15-2016
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July 2016 In Review
Q2 GDP DISAPPOINTS, BUT JUNE DATA TOP EXPECTATIONS OVERALL
09-07-2016
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June 2016 In Review
DATA SUPPORTIVE OF CONTINUED GROWTH, BUT REFLECT PRE-BREXIT ENVIRONMENT
07-19-2016
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May 2016 In Review
SLOW BUT STEADY U.S. ECONOMIC GROWTH
06-09-2016
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April 2016 in Review
U.S ECONOMY MUDDLING THROUGH, BUT HEADWINDS MAY BE FADING
05-10-2016
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March 2016 In Review
SLOW BUT STEADY U.S. ECONOMIC GROWTH
04-13-2016
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February 2016 In Review
Strong labor market supports economic expansion, but recession odds are modestly higher.
03-15-2016
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January 2016 In Review
U.S. GROWTH SLOWS AS ECONOMIC SECTORS FOLLOW DIVERGING PATHS
02-08-2016
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December 2015 In Review
FED RAISES RATES FOR FIRST TIME IN ALMOST TEN YEARS
01-28-2016
2021
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Estate Planning Briefs Mar 2021
The Biden Administration’s Coming Tax Hike
03-01-2021
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Estate Planning Studies Jan 2021
COVID-19, e-Wills, and the Estate Planner
01-27-2021
2020
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December 2020 2nd Edition Estate Planning Briefs
Inflation Adjustments
12-28-2020
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December 2020 Estate Planning Briefs
The "Perfect Storm" for Estate Planning
12-01-2020
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October - November 2020 Estate Planning Briefs
Survey: Possible Tax Changes and What To Do About Them
11-04-2020
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September 2020 Estate Planning Briefs
Mars Estate Dispute
09-21-2020
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August 2020 Estate Planning Briefs
Use It or Lose It?
08-24-2020
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July 2020 Estate Planning Studies
The Uniform Partition of Heirs Property Act: What Estate Planners Need to Know
07-17-2020
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May & June 2020 Estate Planning Briefs
Paycheck Protection Program Fix Passed
06-16-2020
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April 2020 Estate Planning Studies
The New Paradigm for Retirement Savings
04-30-2020
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March 2020 Estate Planning Briefs
Letters of Transit
03-01-2020
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February 2020 Estate Planning Briefs
Estate Planning Bonanza?
02-20-2020
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January 2020 Estate Planning Briefs
Cryptocurrency - What Estate Planners Need to Know
01-17-2020
2019
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December 2019 Estate Planning Briefs
Unified Transfer Tax Credit Up Again
12-19-2019
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November 2019 Estate Planning Briefs
SECURE Act still stuck
11-15-2019
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October 2019 Estate Planning Studies
Electronic wills– What estate planners need to know
10-15-2019
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September 2019 Estate Planning Briefs
Uncashed check is taxable
09-12-2019
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August 2019 Estate Planning Briefs
State taxes on trusts under fire
08-16-2019
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July 2019 Estate Planning Briefs
Better Estate Planning
07-18-2019
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June 2019 Estate Planning Briefs
SECURE hits a snag, Taxpayer First Act passed
06-18-2019
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May 2019 Estate Planning Briefs
Retirement savings legislation, no deduction for taxes not paid
05-23-2019
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April 2019 Estate Planning Studies
Modern families, Incapacity Planning
05-03-2019
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March 2019 Estate Planning Briefs
Hope springs eternal - Death Tax
03-15-2019
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February 2019 Estate Planning Briefs
Extension of time for portability election
02-14-2019
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January 2019 Estate Planning Briefs
Lady Bird and Transfer on Death Deeds
01-14-2019
2018
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December 2018 Estate Planning Briefs
Prospects Dim for Technical Corrections
12-18-2018
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November 2018 Estate Planning Briefs
Middle-Class Tax Cut?
11-30-2018
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October 2018 Estate Planning Studies
Modern trust drafting and planning
10-16-2018
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September 2018 Estate Planning Briefs
Inheritance protection and divorce
09-17-2018
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August 2018 Estate Planning Briefs
Executor's fees remain deductible
08-20-2018
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July 2018 Estate Planning Studies
Living trusts - making a wise decision
07-20-2018
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June 2018 Estate Planning Briefs
Newman’s Own tax exception
06-25-2018
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May 2018 Estate Planning Briefs
The next tax reform
05-22-2018
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April 2018 Estate Planning Studies
Trust Drafting After the Tax Cuts and Jobs Act of 2017
04-12-2018
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March 2018 Estate Planning Briefs
New 2018 unified credit
03-13-2018
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February 2018 Estate Planning Briefs
The “new” estate tax
02-20-2018
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January 2018 Estate Planning Studies
Digital assets— A guide to planning and administration
01-24-2018
2017
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December 2017 Estate Planning Briefs
Conference! Tax bill reconciliation...
12-17-2017
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November 2017 Estate Planning Briefs
Tax reform for Christmas?
11-21-2017
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October 2017 Estate Planning Studies
Modern trusts: Fiduciary and non-fiduciary positions
10-13-2017
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August 2017 Estate Planning Briefs
“Skinny” tax reform?
09-06-2017
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July 2017 Estate Planning Studies
Realities of family business succession
06-26-2017
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June 2017 Estate Planning Briefs
Tax reform is looking less likely
06-16-2017
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May 2017 Estate Planning Briefs
Estate tax repeal remains possible
05-26-2017
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April 2017 Estate Planning Studies
Anticipating will contests and how to avoid them
05-01-2017
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March 2017 Estate Planning Briefs
Tax reform off to a slow start
04-01-2017
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February 2017 Estate Planning Briefs
Proposed §2704 Regs. going forward
03-01-2017
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January 2017 Estate Planning Studies
Tax Reform in 2017 and its impact on estate planning
01-23-2017
2016
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December 2016 Estate Planning Bulletin
How will estate planning change during the Trump administration?
12-20-2016
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November 2016 Estate Planning Briefs
Pushback on §2704 proposed Regs.
11-18-2016
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October 2016 Estate Planning Studies
What dead celebrities can teach us about estate planning
10-06-2016
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September 2016 Estate Planning Bulletin
Regs. on intrafamily transfers proposed
09-16-2016
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August 2016 Estate Planning Briefs
Extensions for portability elections
09-15-2016
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July 2016 Estate Planning Studies
The Modern Revocable Trust
07-15-2016
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June 2016 Estate Planning Bulletin
A Final IRS Reprieve On Basis Reporting
06-24-2016
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May 2016 Estate Planning Briefs
Consistent Basis Rules Take Shape
06-23-2016
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April 2016 Estate Planing Studies
Joint wills and pot trusts: Marijuana and the estate planner
04-04-2016
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March 2016 Estate Planning Bulletin
Another IRS Reprieve
03-01-2016
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February 2016 Estate Planning Briefs
Some extenders made permanent
02-11-2016
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January 2016 Estate Planning Studies
Divorce negotiations from the perspective of an estate planner
01-27-2016