Personal Business Wealth About Community COVID-19 Login Overview Team History Careers News & Articles Awards Keep up to date with Montecito Bank & Trust The Latest News Wealth Department Welcomes Dana Mancini Awards & Recognition Community Impact Report Top Stories Wealth Management Division Welcomes Michele Shipp August 16, 2021 Michele Shipp, brings more than 16 years of experience in philanthropic fiduciary work, tax and estate planning, and investment advisory services with a strong background in legal services related to a variety of areas of the banking industry... Read more News Economic Outlook Estate Planning 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 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 Want to Be a Part of Our team? See Careers Privacy Having Financial Difficulties? Articles Customer Service Surveys Security Disclosures & Rates Order Checks Accessibility What is .bank? ClickSWITCH Holidays Facebook Guidelines Alerts Resources Join Our Community Member FDIC Equal Housing Lender ©2021 Montecito Bank & Trust. All Rights Reserved.