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PRESS RELEASE / ANNOUNCEMENTS Originally published 1:57 p.m., March 27, 2014 Updated 1:57 p.m., March 27, 2014

Montecito Bank & Trust Employees Choose 10 Local Nonprofits to Receive Grants in Celebration of Bank’s 39th Anniversary

ontecito Bank & Trust celebrates its 39th anniversary serving Santa Barbara and Ventura Counties by awarding Anniversary GrantsSM to 10 local nonprofit organizations.


Santa Barbara, CA - Montecito Bank & Trust celebrates its 39th anniversary serving Santa Barbara and Ventura Counties by awarding Anniversary GrantsSM to 10 local nonprofit organizations. Chairman of the Board Michael Towbes said, “We’re proud of the bank’s longevity, our long-standing relationships with customers, and our contributions to the communities we serve as the largest and oldest locally-owned bank in our tri-county area. Our Anniversary Grants tradition is of special significance to me because our bank associates have a personal stake in selecting the Anniversary GrantsSM recipients. They make an effort to educate their colleagues about the important work of the nonprofits with whom they are personally connected. Whether serving on boards, volunteering at fundraisers, or advocating for an Anniversary Grant, our employees are a valuable volunteer resource for so many nonprofits in our community. “

Janet A. Garufis, President and Chief Executive Officer said, “Anniversary GrantsSM represents the voice of our associates. For more than 20 years our Anniversary GrantsSM program has been an integral part of our unwavering commitment to corporate philanthropy and the communities we serve.  The Anniversary GrantsSM program is significant not only because of the financial support it provides, but also because it reflects Montecito Bank & Trust’s commitment to empowering our associates to personally make a difference. They determine who will receive these awards each year and are passionately involved in the selection process. Our associates campaign and advocate among themselves to choose 10 worthy organizations to receive the bank’s coveted Anniversary GrantsSM.

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This year, I am pleased to announce the 2014 Montecito Bank & Trust Anniversary GrantsSM recipients: A Different Point of View, Bethania Preschool and After School, Breast Cancer Resource Center, Cottage Rehabilitation Hospital Foundation, Dog Adoption & Welfare Group (DAWG), K-9 Pals, Santa Barbara Rape Crisis Center, Santa Ynez Valley Therapeutic Riding Program, United Boys & Girls Clubs of Santa Barbara County, and Westminster Free Clinic.

Each recipient received their $1,500 Anniversary Grant during an afternoon reception on Thursday, March 20. Montecito Bank & Trust would like to offer a special thanks to our corporate partner, Cox Communications, for generously producing a short promotional video which showcases each of the recipient’s extraordinary work. In addition to the funding, our recipients appreciate these Cox videos as an invaluable resource to continue their fundraising efforts.”

Montecito Bank & Trust is a locally owned community bank founded in 1975. In addition to the Anniversary Grants program, for the past eleven years Montecito Bank & Trust has demonstrated its ongoing support of the community through a unique program, Community Dividends®, which gifts $1 million to more than 100 local nonprofits from Santa Barbara and Ventura Counties. The bank has branch offices in Santa Barbara, Montecito, Goleta, Carpinteria, Solvang, Ventura and Westlake Village.

The bank offers a variety of competitive deposit and loan products including consumer loans, business loans and lines of credit, SBA loans, credit cards, merchant services, online and mobile banking and cash management. Its Wealth Management Division, located in Montecito, Solvang and Ventura, provides trust, full investment management and brokerage services.

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