Montecito Bank & Trust’s net income soars
IN THIS ARTICLE
- Banking & Finance Topic
- Staff Report Author
By Staff Report Thursday, October 25th, 2018
Montecito Bank & Trust, the region’s largest independent bank, said net income for the nine months ended Sept. 30 was $17.5 million, up 43 percent compared to the prior year, thanks in part to a one-time tax adjustment. The Santa Barbara-based bank, which is privately owned, said net income before taxes grew 8.6 percent to…