By Editorial Board Monday, November 29th, 2010

Not every business can be as philanthropic as Montecito Bank & Trust, which famously gives away $1 million a year in Community Dividends each fall.

This 8-year-old program has made headlines across the region and resulted in dozens of organizations getting much-needed cash gifts and validation from a major donor. It also happens to be a great way for the bank to recruit new customers and retain existing ones.

But more importantly, the Community Dividends program underscores the tremendous needs in our region as we take the first baby steps toward economic recovery.

We encourage our peers in the business community to reach out this holiday season — give, volunteer and reap the rewards of good works.

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