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Community Dividends®

Community Dividends® is a unique Montecito Bank & Trust program that since 2003 annually awards $1 million dollars to over 100 nonprofits with missions focused on social services, the arts, education, and medical and health services in Santa Barbara and Ventura Counties. This special gifting program occurs at Thanksgiving time when many nonprofits face a budget shortfall. Nonprofits must be 501(c)(3) designated organizations to qualify for an award. One individual from each recipient nonprofit organization is invited to a fun filled luncheon, giving these hard working individuals a chance to be together and receive their organization’s award. It is truly one of the most special days of the year for Montecito Bank & Trust associates.

Community Dividends applications are posted on our website in the summer.

For the 2009 nonprofit organization list of recipients, click here.

We also offer a special Community Dividends® Checking account for nonprofits that with benefits to board members and staff.

 

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News

Montecito Bank & Trust Reports 46% Increase in Net Profit for 2009

Janet A. Garufis, president and chief executive officer of Montecito Bank & Trust said: "We are extremely pleased to report that despite the challenging economic issues in 2009, Montecito Bank & Trust earned $8.9 Million in net profit, a 46% increase over 2008. [Read on]


Montecito Bank & Trust Steps Up To Support Haitian Relief Efforts

Montecito Bank & Trust is well-known for its local community support. So when the bank received reports about local Direct Relief International’s immediate Haitian emergency mobilization efforts, Montecito Bank & Trust associates mobilized too. [Read on]