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Corporate Philanthropy

Anniversary Grants®

Celebrating our anniversary annually by supporting local nonprofits our associates are passionate about.

A bank employee giving a speech at a podium shaped into the Montecito Bank & Trust logo.
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Fostering a Culture of Giving

Our Founder Michael Towbes created the Anniversary Grants program to broaden our bank's commitment to the communities we serve and to ensure each of the bank's associates, now over 250 strong, has a direct voice in the direction of our corporate giving. And since1990, our associates have jumped at the chance to show their support for the organizations that mean so much to them.

Each year, we celebrate our anniversary by honoring local nonprofit agencies - all hand-selected by Montecito Bank & Trust associates. Please join us in congratulating the 2024 Anniversary Grants recipients. Our community would not be the vibrant place it is without these organizations and their dedicated teams. Thank you for your tireless work helping to make the local communities thrive!

2024 Anniversary Grants Recipients

We invite you to learn more about the 2024 recipients by watching the 1-minute videos shared at our Anniversary Grants Celebration.

History of Anniversary Grants

Janet Garufis

In 1973 a small group of investors (including Michael Towbes & Jerry Parent) met to discuss a simple idea – the creation of a local Bank that was committed to serving the needs of the community. On March 17, 1975, the Bank of Montecito opened in two trailers on Coast Village Road with a focus on making the local communities better places to live and work.

Michael Towbes, who later became the Bank's sole owner, believed deeply in the responsibility of local corporations to give back to the communities that made their success possible. In 1993, he decided there was no better way to celebrate the Bank's anniversary than by giving back, so he created the Anniversary Grants program to give each of our associates a voice in the Bank's corporate giving and to celebrate their philanthropic work in the communities we serve. This event is a day we look forward to and treasure. It's one of countless days we are proud and grateful to be a part of Montecito Bank & Trust.

Heather Ames

As the bank has grown, so has our ability to give back and make an impact in our community. The number of our associates has grown from just enough to fill those 2 trailers to over 250 associates, many of whom selflessly serve on nonprofit boards, teach financial literacy, and volunteer at nonprofit events.

George Leis

Our corporate philanthropy has also increased in both amount and geographic reach with the Bank donating over $1.4 million throughout Santa Barbara & Ventura counties each year with a focus on serving low- to moderate-income individuals & families through our 4 pillars of giving - arts & culture, health & medical, social services and youth & education.

Janet Garufis

Fires, floods and even a global pandemic have required us to reimagine how we do business. We've learned along the way, always staying focused on how we can work together with our communities. While Mike is no longer here to celebrate with us, we feel honored to be carrying on his commitment to supporting our community. It is through events like this that we continue his legacy and the values our Bank was founded on. We miss him every day, and we stay committed to his mission of making the communities we serve better places to live and work.

Jerry Parent Anniversary Grants Legacy Award

Headshot of Jerry Parent.

In 2020 we introduced the Jerry Parent Anniversary Grants Legacy Award to honor the decades-long selfless community contributions of long-time Board Director, Jerry Parent. The award is intended to recognize organizations that create sustainable change and positive impact.

To receive this award, organizations are nominated by a bank associate. The applications are then reviewed by a committee with input given from Mr. Parent. The recipient is selected by the committee and then announced at our Anniversary Grants Celebration!