Montecito Bank & Trust reports positive annual earnings

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Montecito Bank & Trust reports positive annual earnings

By Staff Report / Thursday, February 8th, 2018 / Comments Off on Montecito Bank & Trust reports positive annual earnings

Santa Barbara-based Montecito Bank & Trust reported increases in total assets and net income on Feb. 8. The bank stated that its total assets grew $56.5 million over the course of 2017, closing at $1.4 billion. Its net income grew 20 percent versus 2016 to close at $17.5 million. Total risk-based capital is at 13.3…

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