Montecito Bank & Trust Press Release 6/29

The announcement extends its previous commitment which began in 2008. According to Race Director Joe Coito, “The alliance between the Santa Barbara Triathlon and Montecito Bank & Trust is a perfect fit. Montecito Bank & Trust is a local company that has always been passionately committed to our community, and the Santa Barbara Triathlon exemplifies the spirit of that same community.” He went on to say, “When Montecito Bank & Trust committed to a ten-year partnership, I knew that I was working with a visionary company of high integrity. Long-term commitments are rare these days, and it exemplifies the bank’s desire to invest in the positive community events that make Santa Barbara a wonderful place to live.”

When Montecito Bank & Trust President and CEO Janet Garufis was asked why the bank has extended its commitment for ten years, she explained, “One of the founding principles of our bank is to support the vitality of the communities we serve, not only through banking and lending, but also through giving back. We see this presenting sponsorship as an opportunity to support the wellness of our community in so many ways and are delighted to be able to team up with the Santa Barbara Triathlon under Joe Coito’s successful leadership.” She continued, explaining, “The Triathlon’s charitable fundraising focus is well aligned with Montecito Bank & Trust’s ongoing commitment to support our communities.”

Montecito Bank & Trust, an S Corporation, is a locally owned community bank founded in 1975. It continues to demonstrate ongoing support of the community through unique giving programs like Anniversary GrantsSM and Community Dividends®, which annually gifts $1 million to more than 100 local nonprofits. Montecito Bank & Trust has been designated a Super Premier or Premier Performing Bank 27 times in its 38 year history by The Findley Reports, an independent service which rates the financial performance of California banks. With nine branches from Solvang to Westlake Village, Montecito Bank & Trust has been providing traditional and digital financial solutions for businesses and consumers for almost four decades. The Wealth Management Division, headquartered in Montecito, provides full investment management and trust services.

Established in 1981, the Santa Barbara Triathlon is one of the longest-running triathlons in the world. The event offers one of the most beautiful and challenging courses in the United States, children’s beach activities, a fabulous sports expo and convenient on-site dining. The event consists of three weekend events: (1) The Long Course on Saturday, August 24th involves a one mile ocean swim, 34 mile bike ride, and 10 mile run – individual, relay and Aquabike options are available; (2) The Co-Ed Sprint Course on Sunday, August 25th, is open to men and women of all ages and includes a 500 yard swim, six mile bike ride, and two mile run; (3) The Women-Only Sprint Course, which mirrors the co-ed course and also includes a Parent-Child division, is slated to take place on Sunday, August 25th.

The start and finish lines for the Santa Barbara Triathlon will be at the Cabrillo Bathhouse at East Beach — 1118 Cabrillo Blvd., Santa Barbara, CA 93103. The event runs daily on Saturday and Sunday starting at 7 a.m. sharp. A Sports Expo (open to the public) and check-in begin on Friday from 11:30 a.m. to 7:00 p.m. For more information about the event, visit or phone (805) 682-1634.

For more information, please contact Carolyn Tulloh, Director of Marketing at (805) 564-0252 or


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