First quarter income flat but MB&T loans, deposits grow
IN THIS ARTICLE
- Banking & Finance Topic
- Staff Report Author
By Staff Report Monday, May 4th, 2020
Santa Barbara-based Montecito Bank & Trust reported May 4 that total net income for the first quarter was flat at $2.9 million year-over-year but the bank had strong growth in loans and deposits. Total assets grew 6.1 percent, or $92.1 million, year-over-year, which helped the bank close the quarter with more than $1.6 billion in…