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Montecito Bank & Trust history
Montecito Bank & Trust company history timeline
Opened our first branch on March 17, 1975
On March 17, 1975, a group of local businessmen started the Bank of Montecito with a singular vision - building a local bank committed to serving the needs of the community.
The Downtown Santa Barbara Branch opens at 1000 State Street, after acquiring the Great Western Savings building in 1979.
In March 1982, the bank receives the first of 30+ designations as a Premier Performing bank by The Findley Reports, an independent service that rates the performance of California banks.
Through 1986, the bank expands to 5 locations, adding Goleta, La Cumbre and Carpinteria.
March 1993 is the inaugural Anniversary GrantsSM event, which becomes an annual giving tradition to award nonprofits chosen by bank associates.
The Bank of Montecito officially becomes Montecito Bank & Trust in February 1996 when the bank opens its Trust & Investment division.
May 1996 debuts the bank’s first website.
In October 2001, the bank acquires Valley Oaks National Bank in Solvang.
The first Community Dividends takes place in November 2003, which annually gifts $1 million to local nonprofit organizations.
Reaching a new milestone in 2003, the bank eclipses $1 billion in assets.
The bank expands to 7 locations with the opening of the Westlake Village branch on January 10, 2005.
In September 2006, the bank names Janet Garufis as President & CEO and she is elected to the Board of Directors.
The bank opened its 8th branch in Ventura in May 2009.
A second Goleta branch was opened in 2012.
In 2015, the bank adopts the .bank domain and opens its 10th branch in Camarillo.
A new Mortgage division is launched in 2016.
The bank is named 2017 Bank of the Year by the WIB. Janet Garufis is named Chairman & CEO in 2017 and George Leis becomes President & COO. Founder Michael Towbes passes on April 13, 2017.
In 2019 the bank surpasses $1 billion in loans and $1 billion in assets under management for the Wealth Management division.
In March 2020, the bank turned 45 and the annual Anniversary Grants celebration was held virtually for the 1st time ever.
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Montecito Bank & Trust competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| First American Bank | 1903 | $124.2M | 7 | 19 |
| Huntington National Bank | 1866 | $4.8B | 25,693 | 1,612 |
| Centier Bank | 1895 | $250.0M | 865 | 110 |
| Damascus Community Bank | - | $14.0M | 49 | - |
| BankFinancial | 1924 | $52.3M | 243 | 12 |
| First International Bank & Trust | 1910 | $3.4M | 50 | 54 |
| West Michigan Community Bank | 1976 | $4.4M | 50 | 1 |
| PyraMax Bank | 1895 | $35.0M | 134 | - |
| Sterling National Bank | 1888 | $145.7M | 2,076 | 13 |
| Republic Bank | 1982 | $819.8M | 1,000 | 23 |
Montecito Bank & Trust history FAQs
Zippia gives an in-depth look into the details of Montecito Bank & Trust, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Montecito Bank & Trust. The employee data is based on information from people who have self-reported their past or current employments at Montecito Bank & Trust. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Montecito Bank & Trust. The data presented on this page does not represent the view of Montecito Bank & Trust and its employees or that of Zippia.
Montecito Bank & Trust may also be known as or be related to Montecito Bancorp, Montecito Bank & Trust and Montecito Bank & Trust.