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

To submit a comment on this article, email or visit our Facebook page. To submit information to a reporter, email

event calendar sponsored by:

Community Forum Provides Updates on Immigration Enforcement

About 9 percent of people in Santa Barbara County are undocumented.

Santa Barbara Launches Interactive Street Sweep Map

Users can identify dates, times, and routes for street sweeping by address and colored areas.

Santa Barbara Zoo Bids Farewell to Beloved Elephant

Sujatha passes away at 47 years old.

Disaster Relief Rundown for Santa Barbara 

A tally of nonprofit giving since the Thomas Fire and 1/9 Debris Flow.

Santa Barbara County to Consider App-Driven Rental Two-Wheelers

A meeting is scheduled November 6 for ordinance regulations.