Keep up to date with Montecito Bank & Trust

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

  • 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

2015

  • Montecito Bank & Trust Reports Net Income Growth of 25%

    Montecito Bank & Trust reported net income year to date of $12.2 million, compared to $9.8 million in September 2014, a 25% increase. Total gross loans grew 14% year-over-year, ending the quarter at $684 million.

    10-28-2015

  • Montecito Bank & Trust Reports Robust Loan and Profit Growth

    Montecito Bank & Trust reported net income for the quarter of $8.1 million, compared to $5.6 million a year ago, a 44% increase. Total gross loans grew 23% year-over-year, from $540 million to $662 million. Total assets grew $54 million during the 12-mont

    07-13-2015

2017

2016

  • July 2016 In Review

    Q2 GDP DISAPPOINTS, BUT JUNE DATA TOP EXPECTATIONS OVERALL

    09-07-2016

  • June 2016 In Review

    DATA SUPPORTIVE OF CONTINUED GROWTH, BUT REFLECT PRE-BREXIT ENVIRONMENT

    07-19-2016

2015

2017

2016

2015

  • February 2015 Estate Planning Studies

    “Scrivener’s error” corrected.

    02-03-2015

  • January 2015 Estate Planning Studies

    It is axiomatic that estate planners need to address all of a client’s assets. However, many planners still overlook digital assets, which may lead to significant problems as these assets are increasingly valuable and difficult to handle without proper pl

    01-05-2015