Industrial tenants have tough time finding space
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Montecito Bank & Trust reports growth in assets, loans, deposits and income
Montecito Bank & Trust’s total assets grew by $68.1 million to $1.3 billion in the prior 12-month period, according to a quarterly report released April 20. The bank also reported loan growth of $155 million and increased deposits by 7.34 percent. The bank also reported that its net income for the period grew 28 percent Read More →
Banker, developer Towbes prioritized philanthropy
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Dubroff: Michael Towbes’ legacy of giving lives on after his death
After a successful career as a developer and banker, Michael Towbes spent the last two decades of his life with an increased focus on philanthropy. He was not simply giving back. He was deliberately creating a legacy for his enterprises to remain rooted in the community, while shaping and guiding the region’s cultural institutions. That Read More →
Our view: Mike Towbes’ legacy will live on
The Central Coast will be remembering the late Mike Towbes for a long time. By creating a trust to ensure local ownership of Montecito Bank & Trust, the Princeton-educated engineer created a vehicle for community philanthropy that will stretch on for future decades. The people around him, family members, his widow Anne Smith Towbes, Montecito Read More →
Philanthropist, banker and developer Michael Towbes dies at 87
Updated at 10 a.m. April 14: Michael Towbes, the tri-county region’s most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. He was 87. “He passed away early this morning, surrounded by family, in peace,” said Towbes Group President Craig Zimmerman, in an email to the Business Read More →
Towbes giving up reins at Montecito Bank & Trust
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