PRESS RELEASE / ANNOUNCEMENTS Wednesday, October 26, 2011

Pittman joins Montecito Bank & Trust Wealth Management Division

Montecito Bank & Trust is pleased to announce that on November 1st Jeff Pittman will be joining the bank as Senior Vice President and Director of the Wealth Management Division.

“We are excited to have Jeff join our Wealth Management team. With over 20 years of experience in wealth management, we are looking forward to his valuable contributions,” said President and Chief Executive Officer Janet Garufis. “Jeff brings a comprehensive background in diverse areas of wealth management, trusts, investment management, and private banking. He also shares our common values of providing customers a world-class experience.”

Pittman grew up in Anaheim, California and received his MBA in Finance from Loyola Marymount University in Los Angeles. He is also a graduate of California State University, Long Beach, earning a Bachelor’s degree in Communications. Pittman worked his way to Senior Vice President and Regional Director for the Wells Fargo Wealth Management Group, where he was a founding member of their Wealth Management’s Diversity Council. While at Wells Fargo he supported efforts to open private banking offices in Westlake Village, Oxnard and Montecito. Pittman holds the following professional designations: Certified Financial Planner (CFP), Certified Private Wealth Advisor (CPWA), and Certified Investment Management Consultant (CIMC).

Pittman is delighted to join a local community bank that so strongly supports the communities it serves. He is a current board member at the Unity Shoppe and a previous

education committee member at the Santa Barbara Museum of Art. Pittman and his wife, Moira, look forward to becoming active in the Santa Barbara and Ventura County communities.

Montecito Bank & Trust has branch offices in Goleta, Santa Barbara, Goleta, Solvang, Montecito, Carpinteria, Ventura, and Westlake Village. The bank offers a variety of competitive deposit and lending solutions for businesses and consumers including: business loans and lines of credit, Commercial Real Estate finance, SBA loans, consumer loans, credit cards, merchant

services, online banking, mobile banking and cash management. Our Wealth Management Division, with locations in Montecito, Solvang and Ventura, provides full investment management as well as trust and estate services for all branch office markets.

Montecito Bank & Trust, an S Corporation, is a locally owned community bank founded in 1975. It is known for its ongoing support of the community through unique giving programs like Anniversary GrantsSM and Community Dividends®, which annually gifts $1 million to more than 150 local nonprofits.

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