Keep up to date with Montecito Bank & Trust

2022

• Montecito Bank & Trust holds 30th annual Anniversary GrantsTM reception to honor nonprofits

  Local nonprofit representatives joined Montecito Bank & Trust employees at the annual Anniversary Grants reception Thursday evening in honor of the Bank’s 47th anniversary.

  05-11-2022

• Montecito Bank & Trust Reports Q1 2022 Earnings

  Montecito Bank & Trust reported total assets grew $302.45 million, an increase of 14.43% during the 12-month period ending March 31, closing at $2.39 billion.

  05-02-2022

• Montecito Bank & Trust Reports Q4 2021 Earnings

  Montecito Bank & Trust reports record income and strong asset growth to close out 2021 with $2.35 billion in assets

  01-27-2022

2021

• 179 Local Nonprofit Organizations Receive Community Dividends® Awards and Share of $1.2 Million at Montecito Bank & Trust’s 17th Annual Luncheon

  Montecito Bank & Trust kicked off the holiday season with the special annual tradition of the Community Dividends awards luncheon.

  12-01-2021

• Montecito Bank & Trust Reports Q3 2021 Earnings

  Montecito Bank & Trust reports 21% asset growth and 24% deposit growth year-over-year

  11-01-2021

• Montecito Bank & Trust's Solid and Growing Wealth Department Welcomes Senior Trust Officer

  09-03-2021

• Montecito Bank & Trust's Wealth Management Division Welcomes Michele Shipp, New Senior Trust Officer

  08-16-2021

• Montecito Bank & Trust begins 2021 with substantial loan and deposit growth

  Montecito Bank & Trust reported total assets grew $493.38 million

  05-06-2021

• 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

• 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

• 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

• 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

• 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

• Montecito Bank & Trust Reports Strong Asset and Loan Growth

  Montecito Bank & Trust assets grow 6.10% in Q1 2020

  05-04-2020

• MB&T Update on Coronavirus

  The safety and well-being of our associates, our clients and our communities is paramount

  03-13-2020

• Montecito Bank & Trust reports Q4 2019 Earnings

  Montecito Bank & Trust assets grow to $1.6 billion in 2019

  02-08-2020

2019

• Montecito Bank & Trust Donates $1 Million in Community Dividends

  Annual effort benefits 188 nonprofit organizations in Santa Barbara and Ventura counties

  12-23-2019

• Montecito Bank & Trust Awards Community Dividends

  188 Local Nonprofits Share in over $1 Million

  11-29-2019

• 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

• 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

• 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

• 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

• 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

• 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