Montecito Bank & Trust has received a 2009 Premier Performing Bank designation by The Findley Reports, an independent service which rates the financial performance of California banks. It is the only Santa Barbara based bank to receive this recognition for its 2009 performance. "We are very pleased to be counted among only 21 California banks to receive the 2009 Findley Reports designation at this level or above, especially given the current economic challenges," said Janet A. Garufis, president and chief executive officer. "This marks our tenth consecutive year of designation as a Findley Reports Premier Performing or Super Premier Performing bank, which distinguishes Montecito Bank & Trust from all other community banks in the tri-counties.
"As we celebrate our 35th anniversary, we credit our conservative management approach for consistent achievement of profitability, liquidity, and capital ratios that well exceed the minimums set by our regulatory agencies. We contribute to the economic vitality of the communities we serve by safekeeping customer deposits, lending to creditworthy borrowers, and supporting our local nonprofit organizations. We are grateful to our loyal customers and extraordinary associates who make this achievement possible and look forward to continuing to serve the financial needs of our communities."
Montecito Bank & Trust, an S Corporation, is a locally owned community bank founded in 1975 and known for its ongoing support of the community through unique giving programs
such as Community Dividends® and Anniversary Grants®. The bank has branch offices in Santa Barbara, Goleta, Solvang, Montecito, Carpinteria, Ventura and Westlake Village. We offer a variety of competitive deposit and lending solutions for businesses and consumers including consumer loans, business loans and lines of credit, SBA loans, credit cards, merchant services, online and mobile banking, and cash management. Our Wealth Management Division, located in Montecito, Solvang and Ventura, provides full investment management as well as trust and estate services for all of the bank’s branch office markets.
For more information, please contact Carolyn C. Tulloh, Director of Marketing at (805) 564-0252 or ctulloh@montecito.com