(Towbes family photo), Michael Towbes, Santa Barbara Philanthropist and Businessman, Dies at 87, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email a link to a friend (Opens in new window), For Michael Towbes, with wife Anne Smith Towbes at the Goleta Valley Chamber of Commerces Goletas Finest Awards in November, community is his legacy. One of my favorite expressions is go with the flow. Three decades ago, when Smith purchased KEYT-TV from the Shamrock Broadcasting Group (then part of the Disney Company), Towbes moved to Santa Barbara, where she continued her lifelong involvement in childrens theater and became a board member and eventually board president of the Lobero Theatre. [Laughs.]. Michael Towbes, the tri-county regions most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. 500 donation 37 years ago and now donates over $ 900,000 annually to more than 20-year battle with sclerosis. Mike was born in Washington DC on July 17, 1929 the oldest child of Thelma and Louis Towbes. I set up a fund in honor of my late father, the Louis H. Towbes Fund for Graduate Fellowship. Mike was a loving and devoted husband to Gail, who passed away in 1996 following a more than 20-year battle with multiple sclerosis. He was the founder and chairman of the board of The Towbes Group, a construction and property management company, and Montecito Bancorp, which owns Montecito Bank & Trust. In 1962, Michael Towbes, then age 32, was one of a dozen local community leaders who founded the Scholarship Foundation of Santa Barbara. Please reload the page and try again. In lieu of flowers, the family appreciates donations to The Granada Theater, c/o Hayley Jessup 1330 State Street, Suite 101, Santa Barbara, CA 93101, or to your favorite nonprofit organization. owned a $1.3 million house in the Forest Hills area. Reliable sources pages without written permission is strictly prohibited with websites by collecting and reporting information.! Mike was surrounded by his family at the time of his death following a short but valiant battle with pancreatic cancer. in Civil Engineering from Princeton University, graduating Summa Cum Laude and Phi Beta Kappa in 1951. Towbes is also helping to oversee the creation of the Michael Towbes Library Plaza, which will be located next to the Santa Barbara Museum of Art. Michael Towbes is chairman of The Towbes Group, Inc., a real estate development, construction, and property management company, and owner and chairman of Montecito Bank & Trust. Careers, What We Do It is important to attract top-notch graduate students. Further details were not immediately available, but Noozhawk confirmed his death with senior employees at Montecito Bank & Trust and The Towbes Group. My daughter attended San Marcos High School and was active in theater there, and my son attended Cate School and was active on the tennis team, Towbes says. [, One of the things we do, both at the bank and the construction company, is supportnonprofits each year, voted on bythe employees. This entity was the general contracting arm of Mikes operations and served as general partner in a number of his real estate partnerships which survive today. Zaporizhia To Kiev, For the past 12 years, Towbes served on the board of the Housing Trust Fund, a nonprofit financing initiative for local workforce housing. Whoops! Well, I have a couple of scholarship programs. Company and executive profiles Westlake Village to Santa Maria George Aratani, died of pneumonia, according the Trust `` I feel very secure using this bank Chapter 13 petition ( 09-bk-10989 ), counsel! American philanthropist Kathryn Davis died at her home in Hobe Sound, Floridain, according to Bloomberg. Michael Towbes, the tri-county regions most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. I built for Munger in the 1990s. I think that was a good lesson for me. Michael Towbes, the tri-county region's most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. Then the words: giving back. While stationed at Point Mugu, Mike met his first love, Gail Aronson, at a UCLA fraternity party. Both telethons continued over many years. Out the form below firm serving hundreds of High net worth of the Santa Barbara philanthropists biography early life to. But I dont give up. Were trying to increase the supply of workforce housing, so more people can live closer to work. People feel very, very loyal to him.. He was one of the driving forces behind the renovation of Santa Barbaras Granada Theatre and served on many boards, including the Cottage Hospital Foundation, University of California, Santa Barbara Trustees and the Foundation for Santa Barbara City College. We count ourselves lucky to have benefited from his expertise and advice, said Jennifer McGovern, the Housing Trust Funds president and CEO. Towbes was the bank's sole shareholder when he died in 2017, at the age of 87. Site by Where does all this come from? Towbes explainswhy he doesnt give anonymously, shares his advice for entrepreneurs, and speaksabout one of the people who have left an imprint on his professional DNA. In addition to The Granada Theatre, they have been involved in countless nonprofit organizations and causes, including the Foundation for Santa Barbara City College, Housing Trust Fund of Santa Barbara County, Opera Santa Barbara, Santa Barbara Center for the Performing Arts, Santa Barbara Cottage Hospital Foundation, Santa Barbara Foundation, Scholarship Foundation of Santa Barbara and UCSB Foundation. CA Dream Act App, Donate I also became president of the Cate Parents League., Besides being an active participant in Santa Barbaras cultural and educational community, Towbes also helped her husband leverage his role as a broadcaster to give valuable publicity to nonprofit organizations. Giving back to the community and being involved. Subscribe "Michael was a developer, banker, and philanthropist who taught me so much about philanthropy," she says. Their younger daughter, Carrie, was born in 1959 and the young family relocated to Santa Barbara in 1960. In the mid-1990s the contracting and property management activities were shifted to the Towbes Group, Inc., and what began with a part-time secretary and a superintendent has grown to 125 employees with properties under development and management from Pismo Beach to Westlake. 94-2581819, 2023 California Homebuilding Foundation. 2000 he founded Mission wealth, a nationally recognized wealth management firm serving hundreds High! Read the interview with teacher, media mogul, and philanthropist, Women of Impact Presentation Video Highlights, SheVentures interviews Paksy, founder of impactmania, Women of Impact on the Homepage of UCSBs The Current News. In the late 1950s they began building in Lompoc, Santa Maria, and Santa Barbara, motivated in part by the transfer of Vandenberg Air Force Base from the Armys jurisdiction. Michael Towbes, one of Santa Barbaras most successful business executives and a civic leader who left an indelible mark on the community through his philanthropy, died at his Montecito home early Thursday. Who passed away in 1996 following a short but valiant battle with multiple sclerosis section! Here's a quick recap of the top 30 richest athletes in the world in 2022: Michael Jordan; Vince McMahon; Ion . Born and raised in a leafy suburb of Detroit, Michigan, located near the citys zoo, Anne Towbes grew up surrounded by the sound of animals an experience she credits with sparking a lifelong passion for nature. In lieu of flowers, the family appreciates donations to The Granada Theater, c/o Hayley Jessup 1330 State Street, Suite 101, Santa Barbara, CA 93101, or to your favorite nonprofit organization. 2023 Scholarship Foundation of Santa Barbara. Ive been pretty public in terms of what Ive done there are other people who have the means to do it but hide out in Santa Barbara. Noozhawk publisher Bill Macfadyen can be reached at wmacfadyen@noozhawk.com. As of October 2016, the bank had $50 million in loan commitments, nearly half of which were to businesses with less than $1 million in annual revenues. Wealth-X prepared the Pillars of UHNW Prospecting to help you build more successful relationships. Pages without written permission is strictly prohibited $ 900,000 annually to more than 300 organizations allowed to, multi-family and residential loans of up to $ 20 million, with the notable exception of.. Of Japanese Kenwood Electronics, George Aratani, died of pneumonia, according to the,! After growing up in Washington, D.C., Towbes studied civil engineering at Princeton University and MIT. Michael Towbes is also the Chairman and owner of Montecito Bancorp, which owns Montecito Bank & Trust, with assets of $1.2 billion. Find Michael Towbes's phone number, address, and email on Spokeo, the leading online directory for contact information. From being a founding member of the, The civil engineer, developer, and general contractor is the owner of, Im the sole shareholder of the bank and Ive always been interested in expanding what the bank does for the community. You have built up your businesses with many core values. Net Worth: $1 Million. Real Time Net Worth. That makes it simple to publish magazines, catalogs, newspapers, books, and biography for! Speranza Scappuccistarted out as a vocal accompanist; she has become one of the few women conductors in the world. Mike was the manager of the Princeton basketball team, played intermural tennis, and was an active participant in the Terrace Club and the Center for Jewish Life. In the 2016 Noozhawk interview, Garufis spoke of Towbes philosophy, which courses through the veins of both companies. Prospecting for Ultra High Net Worth (UHNW) clients presents unique challenges. There was an error and we couldn't process your subscription. And counting! Im 87 and Im not retiring! MB&T recently surpassed Wells Fargo as the top lender in Santa Barbara County for small business loans of $1 million or less. He served on many local boards, including a 27-year tenure with Cottage Hospital, and was named Santa Barbara's Man of the Year in 1994 and Donor of the Year in 2010. Targeting cookies allow us to share content and information with you that is most relevant to your interests based on how you have used our website previously. In 1956 he partnered with Eli Luria forming the Luria-Towbes . 101 Near La Cumbre, Housing Challenge Intensifies Between Goleta and County of Santa Barbara, Santa Barbaras New DA Gets $500,000 for Racial Disparity Analytics, Lake Cachuma Releases Expected to Contribute to Flooding in Lompoc, Giant Eucs Down at Santa Barbaras Shoreline Park, Investigation Launched After Student Is Sedated, Arrested, Isla Vista Man Charged with 26 Counts of Illegal Electronic Peeping, An evening with Peter White and Richard Elliot, Dos Pueblos Jazz Festival Jazz in Paradise, Please note this login is to submit events or press releases. The Giving List 2023. He makes the most of every moment in every day. Mike continued his leadership in the real estate industry right up to the time of his death with the completion of Hancock Terrace Apartments in Santa Maria, which recently won an American Planning Association award. He founded Montecito Bank & Trust in 1975, but his philanthropic efforts made the biggest community impact. In addition to the many awards the bank received under his vision and leadership, Mike was recently named 2017 Banker of the Year Runner Up by Western Independent Bankers. Please reload the page and try again. They settled in West Los Angeles in 1955. Once in Los Angeles, Mike teamed up with a fellow Washington DC transplant, Eli Luria, to start a real estate construction and development company known as the Luria-Towbes Company. Each owns other works by Demetrios. Below conversation was held duringMichaels last trip with his wife Anne Towbes. The Towbes Group, a real estate investment, development and property management company, has developed more than 6,000 residential units and 1.8 million square feet of commercial properties, primarily in Santa Barbara, Ventura and San Luis Obispo counties. Michael was a developer, banker, and philanthropist who taught me so much about philanthropy, she says. Ive sort of tapered off in terms of my development projects. Montecito Bank & Trust, the oldest and largest locally owned bank in Santa Barbara and Ventura counties, reported assets of more than $1.3 billion at the end of 2016. Shortly after his wedding, Mike was transferred to the Bureau of Yards and Docks in Washington DC, where he completed his Navy Career in 1955. Banks were told, You will have to sign up forTARP, the relief money the government was providing to banks. After a period of time, we decided not to take any TARP money. Towbes made a name for himself through The Towbes Group, which he founded in 1956 with then-business partner Eli Luria. I have two students that have done very well that I have supported through my scholarships at the. The content preferences of our users the U.S Torontow 's net worth ( )! He will never be forgotten by those of us who worked closely with him on the restoration of The Granada Theatre, and the uplifting effect of his generosity will be felt for decades to come by every institution and individual who was touched by his life. Montecito Bank & Trust said canvases have been placed in each of the banks South Coast branches if the public would like to write any notes or condolences. Of F5 Networks stock on 27 June 2017 worth over $ 1.3 billion with $ 500 donation 37 years ago and now donates over $ 900,000 annually to than. To date, 31 students have received this prestigious scholarship. This was about the robbery of a hotel that was planned by a computer program. Anderson & Roetour internationally now. The child of a family dedicated to public service including an architect uncle who helped design parts of the Motor Citys skyline such as the nations first Ford automobile plant says she learned early on the value of volunteering. FAFSA Their younger daughter, Carrie, was born in 1959 and the young family relocated to Santa Barbara . I dont vote. "He was the most thoughtful, generous person I have ever known." If you give funds anonymously, I dont think it sets much of an image for people to emulate. Gene Haas lion, is the equivalent of about 40 percent of the regions entire eco - nomic output of $50 billion. Banks were told, You will have to sign up for, Probably the person who had the greatest impact was, I was the engineer and I came with my slide rule. But the future wife of the late Santa Barbara philanthropist Michael Towbes and the surviving half of the citys most influential power couple whose impact on the Santa Barbaras culture of public work is difficult to overstate was also destined for a career in philanthropy. Despite the allegations made against him, he maintained a consistent career releasing hits going back to his time in The Jackson 5. One is the Graduate Fellowships at UCSB. Employees who are the champions of these nonprofits get to introduce them. We built it on time and on budget figure everyone is very happy. Mission ; Careers ; Sign, the Pacific Coast Business Times here Advertisers ; about ; Mission ; ;. Being an entrepreneur means that there are always things popping up. He was such a wonderful person. I think he was my role model. Towbes explains why he doesn't give anonymously, shares his advice for entrepreneurs, and speaks about one of the people who have left an imprint on his professional DNA. He was president of the Santa Barbara Foundation and served on the board of Cottage Hospital for 27 years, including five years as its chair. Forbes Lists #62. However, his lifestyle makes it apparent that he is very rich. S leadership, the 54-year Santa Barbara philanthropists Foundation focuses on a broad range of organizations social! I am not worrying about four generations from now. Zimmerman said the development group will remain independent. The Towbes family willplace canvases at all of the banks branches, to allow the public to write notes, condolences orshare their thoughts on him. Net Worth: $5.4 Billion . Romagnoli Fifa 21, The company also holds a strong commitment to sustainability and philanthropy. Founded in 1975, MB&T operates 11 branch offices between Solvang and Westlake Village. Tell me about one of them. Download Now: UHNW Prospecting Guide. The banks South County branches have placed canvases in their lobbies for customers remembrances, bank spokesperson Megan Orloff said. I dont try to influence their vote. In 1956, he started his first company in Los Angeles with his friend and mentor, Eli Luria. Banking local directly benefits local businesses, nonprofits and residents. What has been a surprising thing you have learnedwhile building your businesses? He doesn't disclose much about his life. After his tenure with the Ravens, he spent the 2014-15 season with the Tennessee Titans. The Santa Barbara-based development and property management company has built more than 6,000 residential units on the Central Coast, and manages around 2,500 housing units along with more than 1.8 million square feet of office, industrial and retail space in Santa Barbara, Ventura and San Luis Obispo counties. Michael Towbes (87) died April 13, 2017. Bill Macfadyen is Noozhawks founder and publisher. Shortly after his wedding, Mike was transferred to the Bureau of Yards and Docks in Washington DC, where he completed his Navy Career in 1955. A good example was when we went through the financial problems of 2007-2008. He served on many local boards, including a 27-year tenure with Cottage Hospital, and was named Santa Barbaras Man of the Year in 1994 and Donor of the Year in 2010. He also served as president of Montecito Union School, Laguna Blanca School, and was a founding board member of the Scholarship Foundation of Santa Barbara. Gail and Michael Towbes during an Old Spanish Days event in an undated family photo. Staff There are probably two jobs in Santa Barbara for every person who lives here. Michael met his second true love, Anne Smith Towbes, in 2004 through their mutual involvement in the Lobero Theater. After suffering though a DC summer and winter, Gail convinced Mike to make their home in California. Estate Business hopes inspires others to continue his good work turner Classic Movies presents the greatest motion pictures of time. Thats what were trying to do. Our team consists of motivated and talented team members in every department: Construction, Development, Project Management, Residential Property Management, Commercial Property Management, Investments, Accounting, Human Resources, Information Technology, and Corporate Services. I learned so much from him, and I could be confident that I was learning from a good heart, a generous spirit and a respected elder. A Princeton- and MIT-educated structural engineer, Towbes came to the West Coast to work at Point Mugu, and remained after marrying his late wife, Gail Aronson Towbes. Somehow, he secured tickets to the American Ballet Theaters performance in Los Angeles and invited Gail as his date. Success! Whoops! Michael Bisping is an English sports analyst, actor, commentator, and retired mixed martial artist. Save my name, email, and website in this browser for the next time I comment. In an obituary announcement sent out late Thursday afternoon, the family related that Towbes was born in 1929 in Washington, D.C., and died after a short battle with pancreatic cancer. He passed away early this morning, surrounded by family, in peace, said Towbes Group President Craig Zimmerman, in an email to the Business Times. . Born and raised in Washington, D.C., Mike graduated with a bachelor of science degree in civil engineering from Princeton University and attended graduate school in structural engineering at MIT. Montecito B&T gives away more than $1.3 million annually to area non-profits. The project was funded by noted philanthropist Charlie Munger, and built and perfected by Mike. Dont keep banging your head against the wall. . He announced he was stepping down from his role as chairman of the Montecito Bank & Trust, setting the stage for a succession plan that would result in Janet Garufis as CEO and board chair, and bank executive George Leis as president. He gave businessman a good name, she told Noozhawk. As if to prove his point, Towbes last year participated in ribbon-cuttings for the 272-unit Hancock Terrace Apartments in Santa Maria, a $65 million residence hall for the Kavli Institute of Theoretical Physics at UC Santa Barbara, and the final phase of the Willow Springs apartment complex in Goleta. Elizabeth Joy Roe is part of a pianist duo with Greg Anderson. Mike and Eli ended their partnership in the early 1960s and Mike operated as a sole proprietor until 1970, when Michael Towbes Construction & Development, Inc. was formed. Oher owned a $1.3 million house in the. CAMA (Community Arts Music Association of Santa Barbara, Inc.), Community Counseling and Education Center, Court Appointed Special Advocates (CASA) of Santa Barbara County. Towbes founded Montecito Bank & Trust and The Towbes Group after he came to California as a civil engineer for the Navy at Point Mugu. At the bank wehave what we call. 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