First quarter income flat but MB&T loans, deposits grow

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First quarter income flat but MB&T loans, deposits grow

By Staff Report / Monday, May 4th, 2020 / Comments Off on First quarter income flat but MB&T loans, deposits grow

Santa Barbara-based Montecito Bank & Trust reported May 4 that total net income for the first quarter was flat at $2.9 million year-over-year but the bank had strong growth in loans and deposits. Total assets grew 6.1 percent, or $92.1 million, year-over-year, which helped the bank close the quarter with more than $1.6 billion in…

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