Montecito Bank & Trust announces retirement of longtime Board Member, Peter Jordano.

Montecito Bank & Trust announced today that Peter Jordano has retired from their Board of Directors after 37 years of service. Jordano joined the Board of Directors in December of 1982 after an invitation from Montecito Bank & Trust’s late Founder and owner, Michael Towbes.

A life-long Santa Barbara resident, Jordano’s local knowledge and business sense contributed greatly to the Bank’s long term success during his tenure on the Board. Janet Garufis, Chairman & CEO said, “Pete has been a champion of Montecito Bank & Trust as well as an integral part our growth to today’s nearly $1.8 billion in assets. We are so grateful for his dedication to the Bank’s success all these years. Mike and Pete built a lasting relationship over the years and I know that Mike appreciated Pete’s many years of service and contributions to the bank’s success. The Board of Directors and our management team will miss Pete’s guidance and counsel and, perhaps most importantly, Pete’s unique sense of humor. We extend our thanks and best wishes to him for all his years of loyal service.”

Jordano is the Chairman and CEO of Jordano’s Inc., the tri-counties largest supplier of food, beverages and restaurant equipment. He and his wife, Gerd, are actively involved in a number of local nonprofits and are well known for their contributions of time, treasure and talent to many local organizations. The Central Coast communities are fortunate to include Peter and Gerd Jordano as leaders in our community. 

About Montecito Bank & Trust

Montecito Bank & Trust is the oldest and largest locally owned community bank in the Santa Barbara and Ventura counties. Founded in 1975, the bank celebrated its 45th anniversary on March 17, 2020 and operates 11 branch offices in Santa Barbara, Goleta, Solvang, Montecito, Carpinteria, Ventura, Camarillo and Westlake Village. Montecito Bank & Trust has a history of unwavering corporate philanthropy in the local communities it serves, annually donating 1.5 million dollars and volunteering over 7,500 hours to nonprofit organizations in Santa Barbara and Ventura counties. Awarded the 2017 Bank of the Year (Western Independent Bankers) from among more than 550 independent community banks headquartered in 13 western states 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; mortgage loans, consumer loans; credit cards; merchant services; and online services, including mobile banking and cash management. Its Wealth Management Division provides comprehensive trust services and full investment management for all branch office markets. The Bank has earned 19 Best Bank awards in the last 7 years, in addition to numerous accolades for Best Mortgage and Best Financial Services Company in Santa Barbara, Best Investment Company in Santa Ynez Valley and the third Best Bank to Work For in the United States (American Banker Magazine).

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