Montecito Bank and Trust Gives 20 Percent

In your previous issue, a spokesperson for Santa Barbara Bank & Trust stated that Union Bank has a policy of donating 2 percent of its after-tax profits to nonprofit organizations.

On a comparable C-corp basis, Montecito Bank & Trust’s annual donations to nonprofits are more than 20 percent of our after-tax profits.

I believe our support for nonprofits, both financially and through the volunteer hours of our associates, is unmatched!

Michael Towbes is the president of the board of Montecito Bank and Trust

event calendar sponsored by: