Michael Towbes, who founded Montecito Bank & Trust (MB&T) in 1975, struck a different tone than most bankers when he proclaimed that, “banking is not about the MONEY, it’s about the PEOPLE.” This sentiment is echoed in terms of the bank’s philanthropy, which amounted to $1.6 million donated to local nonprofits in 2021.  And that’s not a one-time event; MB&T has contributed at least $1 million to local nonprofits every year since 2003 through numerous programs including its Community Dividends Program, which donates funds based on four “pillars” of corporate giving: arts and culture, health and medical, social services, and [...more...]