Dubroff: Michael Towbes’ legacy of giving lives on after his death
After a successful career as a developer and banker, Michael Towbes spent the last two decades of his life with an increased focus on philanthropy. He was not simply giving back. He was deliberately creating a legacy for his enterprises to remain rooted in the community, while shaping and guiding the region’s cultural institutions. That Read More →
Read More →Our view: Mike Towbes’ legacy will live on
The Central Coast will be remembering the late Mike Towbes for a long time. By creating a trust to ensure local ownership of Montecito Bank & Trust, the Princeton-educated engineer created a vehicle for community philanthropy that will stretch on for future decades. The people around him, family members, his widow Anne Smith Towbes, Montecito Read More →
Read More →Philanthropist, banker and developer Michael Towbes dies at 87
Updated at 10 a.m. April 14: Michael Towbes, the tri-county region’s most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. He was 87. “He passed away early this morning, surrounded by family, in peace,” said Towbes Group President Craig Zimmerman, in an email to the Business Read More →
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Towbes giving up reins at Montecito Bank & Trust
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Read More →Dubroff: Towbes created his own recipe for success in banking business
When Mike Towbes stepped down as chair at Montecito Bank & Trust on April 3, he deftly handed the reins of the region’s largest banking company to incoming Chair Janet Garufis and President George Leis. As with just about everything Towbes does, the move was carefully calibrated. At age 87, Towbes has earned the right Read More →
Read More →Montecito Bank & Trust owner Towbes stepping down as chairman
Updated at 8:40 p.m.: Montecito Bank & Trust founder and owner Michael Towbes will step down from his role as board chairman, the bank announced April 3. The bank, which will continue under ownership by a trust that is overseen by trustees, said it would propose naming current President and CEO Janet Garufis as CEO and Read More →
Read More →Pacific Premier, Heritage Oaks shareholders approve merger
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