Keep up to date with Montecito Bank & Trust

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

• 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