Montecito Bank & Trust reports strong growth
IN THIS ARTICLE
- Banking & Finance Topic
- Staff Report Author
By Staff Report Friday, April 26th, 2019
Montecito Bank & Trust, a Santa Barbara-based bank with 11 branches in the Tri-Counties, reported net earnings of $2.9 million for the first quarter of 2019, ended March 31. That was down by 70 percent year-over-year, the bank reported, due to a one-time tax credit associated with its conversion from an S Corporation to a…