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Montecito Bank & Trust Donates $1 Million in Community Dividends

November 28, 2019 / Brooke Holland

Montecito Bank & Trust granted a total of $1 million to 188 nonprofits in Santa Barbara and Ventura counties at its annual Community Dividends Awards ceremony this week. Community Dividends donations mainly support programs serving low- and moderate-income people and families in the local community, as well as organizations in the arts and culture, youth and education, social welfare, and health-care services sectors. “Please know the value of your work does not go unseen,” bank Chairwoman and CEO Janet Garufis told nonprofit representatives in attendance. “As we enter the season of Thanksgiving, we are grateful for what you do to lift up our communities.” The bank has donated $17 million in community dividends to more than 750 nonprofits since 2003. The tradition of Community Dividends celebrates local nonprofits that play a vital role in building healthy communities.