Net income grows at Montecito Bank & Trust
Montecito Bank & Trust reported net income growth of 11.52 percent year-over-year in its earnings report for the quarter ended Sept. 30, 2017. The Santa Barbara-based bank said in a news release Oct. 27 that the higher net income was driven by loan growth of 16 percent. Deposits increased 3 percent and assets increased 3.64 Read More →
Workforce Homebuyer Program offers loans to employees
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Montecito Bank & Trust reports growth in deposits, loans and net income
Montecito Bank & Trust grew its assets 5.7 percent over the last 12 months and reported net income of $8.1 million for the first six months of 2017, up 12.5 percent from the prior year. In the earnings release Aug. 4, the Santa Barbara company said a 20.5 percent increase in loan growth year-over-year and Read More →
Yardi Systems gains huge client for property software
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Ernst & Young gives entrepreneur awards to Direct Relief, TrackR
Ernst & Young honored two members of the Santa Barbara business community at its annual Entrepreneur of the Year awards for the Greater Los Angeles Region on June 15. Thomas Tighe, president and CEO of Direct Relief, received the Social Entrepreneurship recognition. Also among the eight winners was tracking device company TrackR, co-founded by Chris Read More →
Governor pays tribute to Towbes at memorial service
Gov. Jerry Brown made a rare appearance in Santa Barbara on May 23, paying a brief but personal tribute to tri-county businessman Michael Towbes. Towbes died April 11 after a battle with pancreatic cancer. He was 87. Speaking at a memorial service that filled the Granada Theatre, Brown described Towbes as “a helluva guy.” Towbes, Read More →
Central Coast credit unions on the rise
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