Montecito Bank & Trust reports gains in 2019 but net income fell
IN THIS ARTICLE
- Banking & Finance Topic
- Staff Report Author
By Staff Report Monday, February 10th, 2020
Santa Barbara-based Montecito Bank & Trust reported Feb. 10 that it had solid gains in assets, deposits and loans in 2019 but saw its 12-month net income decline to $14.6 million, 19.5 percent lower than the year before. The bank said the loss was related to a one-time change in an employee benefit program. Total…
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