What's New

Free Safe Deposit Boxes available at Montecito Bank & Trust for Jesusita Fire Evacuees
5/8/2009. Montecito Bank & Trust is offering free safe deposit boxes for 90 days to Santa Barbara residents displaced by the Jesusita Fire. This free safe deposit box offer is limited to Jesusita Fire evacuees, one per family. Safe deposit box quantities and sizes may vary and are available while supplies last. Our safe deposit boxes are located in fireproof vaults made of steel.   more
 
 

Montecito Bank & Trust Receives "Premier Performance" Recognition
4/27/2009. Montecito Bank & Trust announced that it has received recognition as a "Premier Performing Bank" for the ninth consecutive year by the Findley Reports, an independent service which rates the financial performance of California banks. Janet Garufis, President and Chief Executive Officer of Montecito Bank & Trust, stated, "We were very pleased to again receive this recognition from the Findley Reports. We were the only Santa Barbara County based bank to receive it for our 2008 performance, and one of only two banks in the tri-counties to have received it, as 2008 has been a very challenging year for virtually all banks."  more
 
 

Q1 Consolidated Statement of Financial Condition for the period ending March 31, 2009
3/31/2009.   more
 
 

Montecito Bank & Trust Celebrates 34th Anniversary with Grants
3/16/2009. Montecito Bank & Trust commemorates 34 years of providing financial services to Santa Barbara and Ventura County communities by awarding Anniversary Grants ^SM to 10 local nonprofit organizations. "Montecito Bank & Trust has a distinguished history of community support and involvement," stated Janet A. Garufis, president and chief executive officer. "Helping our community grow and prosper is the essence of who we are and an important part of our success. We appreciate the important contributions our local nonprofits make to the vitality of our communities, and we are pleased to be able to continue this tradition, especially at a time when economic realities make the need that much greater."  more
 
 

Sharing Good News
3/16/2009. As Montecito Bank & Trust celebrates its 34th anniversary, it's a good news story – a bright spot in these economic times – worth sharing. On March 17, 1975, Montecito Bank & Trust first opened its doors. From the very beginning, we have strived to make a real and sustainable difference. And although much has changed over the years, there is something important that hasn't: the strength of our commitment to our community, our customers and our associates.   more
 
 

Montecito Bank & Trust Reports Good Profits and Growth for 2008
2/2/2009. Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "While a large majority of California banks were reporting losses for the year, we are pleased to report that Montecito Bank & Trust had a profitable year. While net income was down as compared to 2007, we still achieved net income of $6.1 million, which may be the best of any tri-county based bank. Loan demand remained strong, contributing to the 15.1% growth in our loan portfolio. Deposit growth was fueled by the community's demand for our competitive new Access Checking product, and total bank assets ended the year at over $800 million. Our year end risk-based capital ratio was a strong 10.5%."  more
 
 

Montecito Bank & Trust Reports Strong Growth
10/30/2008. Janet A. Garufis, President and Chief Executive Officer of Montecito Bank & Trust said: "In these challenging economic times, we are pleased to report that loans and deposits have grown 10% over the past 12 months and Montecito Bank & Trust’s balance sheet remains strong. Asset growth through the end of the 3rd Quarter was almost 8%. Anchored by our continued strong financial performance, Montecito Bank & Trust remains focused on increasing our community support and committed to providing flexible financial solutions to individuals, nonprofits and businesses of all sizes.  more
 
 

Chadbourne joins Montecito Bank & Trust
8/7/2008. Montecito Bank & Trust is pleased to announce that Stephen Chadbourne has joined Montecito Bank & Trust as a Wealth Management Investment Officer.   more
 
 

2008 Community Dividends^SM Award Application
7/25/2008. Local Santa Barbara County and Ventura County nonprofit organizations with a 501(c)(3) designation may now apply for a 2008 Community Dividends^SM Award. Submit your completed application along with a copy of your organization's 501(c)(3) by August 31, 2008  more
 
 

Montecito Bank & Trust Reports Strong Earnings
7/14/2008. Montecito Bank & Trust's capital ratios continue to substantially exceed the guidelines for well capitalized banks established by the banking regulatory agencies. As of June 30, 2008, Montecito Bank & Trust's total capital was $78.4 million, 10.21% of total assets.  more