Michael Towbes is survived by his wife, Anne Smith Towbes; his daughters, Lianne and Carrie Towbes, and son-in-law John Lewis; Annes children, Jennifer Hale and Michael Smith; and many grandchildren, nieces, and nephews. Maybe I set a good example, but they build on that. Mike was surrounded by his family at the time of his death following a short but valiant battle with pancreatic cancer. Donor Profiles, Art Scholarship Reception Montecito Bank & Trust, Owner and Chairman, Michael Towbes; Philanthropist, Anne Towbes; and Montecito Bank & Trust, President & CEO, Janet Garufis. Michael met his second true love, Anne Smith Towbes, in 2004 through their mutual involvement in the Lobero Theater. At the bank wehave what we callAnniversary Grants. Turner Classic Movies presents the greatest motion pictures of all time from one of the largest film libraries in the world. Dont keep banging your head against the wall. They are important to help the faculty with all the projects they do. Mikes hard work has earned him numerous accolades including entry into the California Building Industry Hall of Fame, The Home Builders Association of the Central Coasts 2014 Builder of the Year, and numerous Santa Barbara and Goleta Beautiful awards. Their eleven-and-a-half years together were filled with shared interests including tennis, a love of the arts, philanthropic involvement in the community, and travel to six continents. Charlie Munger[Business Partner ofWarren Buffett] gave USCB $65 million to build a residence hall for visiting scholars of the Kavli Institute for Theoretical Physics(KITP). It will serve to remind future generations about his incredibly generous spirit., Towbes also considers herself lucky to be able to sponsor her own donor-advised fund at the Santa Barbara Foundation, which gives her more direct control over her own philanthropy. You have built up your businesses with many core values. He and I formed a business partnership in 1956 when I was pretty young and certainly inexperienced. Ive always felt the obligation to return that good fortune. He was chosen as Santa Barbara Philanthropist of the Year by the National Society of Fund-Raising Executives and more recently as its Volunteer of the Year. Under Mikes leadership, the award-winning Towbes Group committed to provide exceptional service at all stages from project development to ongoing management. Prima Donnas Ending, 12 reviews of Montecito Bank & Trust "I feel very secure using this bank. In a statement from the Santa Barbara Center for the Performing Arts, the Board of Directors hailed Towbes for his vision in bringing The Granadas restoration project to completion. 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. The bank's South County branches have placed canvases in their lobbies for customers' remembrances, bank spokesperson Megan Orloff said. Michael Oher played eight seasons in the NFL, starting his career with the Baltimore Ravens in 2009 as the 23rd overall draft pick. He was very interested in philanthropy and has been a great example through both his business ethics and the way he treated people. 69 Shark Logo. It is important to attract top-notch graduate students. Pam and Terrance Valeski. Many of us who have known Michael since the 1970s knew him to be the consummate proactive supporter of affordable and workforce housing. He helped shape the early work of the Scholarship Foundation and made sure we kept students interest at the forefront of everything we do., Mr. Towbes remained on the Scholarship Foundations Honorary Board throughout his life and, through the Towbes Foundation Honors Scholarship, supports academically high-performing students throughout their undergraduate education. In lieu of flowers, the family appreciatesdonations to The Granada Theater, c/o Hayley Jessup, 1330 State Street, Suite 101, Santa Barbara, CA 93101, or to your favorite nonprofit organization. He has been a resident of Santa Barbara since 1960. It is a city filled withpeople contributing time, talent, and treasure to keep Santa Barbara special. Where does the not giving up come from? I want to thank his family for sharing him with the entire Santa Barbara community. The project was funded by noted philanthropist Charlie Munger, and built and perfected by Mike. He has been recognized as Santa Barbaras Man of the Year in 1995, recipient of the initial New-Press Lifetime Achievement Award, and the UCSB Chancellors Medal. Trew Knowledge. He was 87. Sign Up Now Oher owned a $1.3 million house in the. Weve made wonderful friends here, Towbes said, explaining his passion for business. We have 20,000 people a day commuting into Santa Barbara. Though a DC summer and winter, Gail Aronson, at a UCLA fraternity party Aratani, died pneumonia! After a period of time, we decided not to take any TARP money. Mr. Some employees are involved in organizations that are small and dont have a high profile in the community, yet are very important. We said, We dont need TARP, were doing fine without. It benefited us not to have taken the money. He has built over 5,500 housing units, as well as shopping centers, office buildings and business parks. 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. He doesn't disclose much about his life. [Laughs.] Could you give me an example where you took some time thinking about a situation? 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. Trew Knowledge. (Noozhawk file photo), Michael Towbes, with wife Anne Smith Towbes, outside Santa Barbaras landmark Granada Theatre he did so much to help restore. Try to do something different and hopefully youll do it better. He and his second wife, Anne Smith Towbes, have been honored by numerous performing arts groups for their generosity. He doesn't disclose much about his life. Many Santa Barbarans know Michael Towbes is the founder of Montecito Bank & Trust, but only a very few know that he changed the ownership structure of the bank so he could give more money to. Financial Information The Towbes family willplace canvases at all of the banks branches, to allow the public to write notes, condolences orshare their thoughts on him. 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. Im the sole shareholder of the bank and Ive always been interested in expanding what the bank does for the community. However, his lifestyle makes it apparent that he is very rich. After suffering though a DC summer and winter, Gail convinced Mike to make their home in California. Your login session has expired. 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. Giving back to the community and being involved. The banks South County branches have placed canvases in their lobbies for customers remembrances, bank spokesperson Megan Orloff said. We also created a feature called Kids You Should Know, highlighting local kids doing extraordinary things to help our community., I am privileged to be able to give small amounts of support or fairy dust to as many nonprofits as I can, as I feel it encourages others to give as well. The people who run the businesses for me,Janet Garufisat the bank and Craig Zimmermanat The Towbes Group, go beyond even what I do. Banks were told, You will have to sign up forTARP, the relief money the government was providing to banks. 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. Zimmerman said the development group will remain independent. of commercial properties, a bank with assets over $1.3 billion. He was always most proud of Montecito Bank & Trusts role as a leader in local corporate philanthropy, giving more than $1.3 million annually to area nonprofits through the Community Dividends program, Anniversary Grants, and nonprofit sponsorships, focusing primarily on organizations whose missions support the arts, youth and education, social welfare and medical and health services sectors. He developed over 6,000 apartments, almost 2 million s.f. For the latest news in Santa Barbara County delivered right to your inbox. HOVER TO REVEAL NET WORTH BY YEAR. 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. 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. Re-Applicants 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. Michael Bisping is an English sports analyst, actor, commentator, and retired mixed martial artist. 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. Santa Barbara, Californiais a gem-like cityglistening in the sunshine, nestled between the shimmering Pacific Ocean and the Santa Ynez mountains. We recently finished it and people are startingto move in. Billie Maunz, who retired in 2006 after 16 years as executive director of the Scholarship Foundation of Santa Barbara, thanked Towbes for his foresight in helping to establish what has become the largest community-based scholarship foundation in the nation a result, she said, he was rightly proud of. Construction officially commenced on downtown Santa Barbara's newest gem the Central Library's $5.4 million Michael Towbes Plaza, funded in a public-private sponsorship between the city and the Santa Barbara Public Library Foundation at a groundbreaking ceremony on Wednesday featuring the major players in realizing a project that's been a Under the plan, longtime president and CEO Janet Garufis would become chairwoman, and executive vice president and chief operating officer George Leis would follow her as president. 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. You have to be flexible. For three years in the Lobero Theater and went on to obtain his B.S.E he lived and.. Information was submitted by our reader Garret DC summer and winter, Gail Aronson, at a UCLA party! What has been a surprising thing you have learnedwhile building your businesses? Two years later, the Super Bowl-winning player released a book titled "I Beat the Odds" chronicling his life in Memphis, Tennessee. Sign Up for the A.M. Report Michael Towbes, age 87, Chairman of the Board of The Towbes Group, Inc. and Montecito Bank & Trust, beloved philanthropist, and all-around mensch died at home in Santa Barbara on April 13, 2017. 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. In his role as the banks Chairman and owner, he was proud of the work of the more than 210 bank associates. A public memorial service will be held at The Granada Theatre, 1214 State St. in Santa Barbara, at 2 p.m. May 23. After college and marriage to Gail who died in 1996 of multiple sclerosis he began a real estate construction and development company with Eli Luria, known as the Luria-Towbes Company, in Los Angeles in 1955. I have two students that have done very well that I have supported through my scholarships at the Music Academy of the West. . 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. Connect with Noozhawk on Facebook. He has served on visiting advisory committees for the Princeton University Department of Economics and the MIT Department of Urban Studies. He had a huge impact on Goleta, the Goleta Chamber of Commerce, and me. Mike made this deliberate decision because he is committed to community banking, his customers, his employees and all the nonprofits the bank serves.. I keep in touch with some of the students, even after they finish their graduate programs. Then we ended the event for the people to continue schmoozing. Each year his bank, Montecito Bank & Trust, has a Community Dividends luncheon awarding donations totaling $1,000,000 to 100 non-profits. Romagnoli Fifa 21, Thursday, April 13th, 2017. May we all be as honorable, as humble and as kind. The bank has assets over $1.3 billion, with 10 branches from Solvang to Westlake. Michael Towbes is also the Chairman and owner of Montecito Bancorp, which ownsMontecito Bank & Trust, with assets of $1.2 billion. Please logout and login again. (Rochelle Rose / Noozhawk file photo), Foundation for Santa Barbara City College, Housing Trust Fund of Santa Barbara County, Santa Barbara Center for the Performing Arts, Santa Barbara Cottage Hospital Foundation, Michael Towbes of Santa Barbara, 1929-2017, Bill Macfadyen: Bond Between Michael Towbes and Santa Barbara Was Both His Fortune and His Legacy, Bill Macfadyen: Santa Ynez High School Community, Comity Brawls to Pieces, More by William M. Macfadyen, Noozhawk Publisher, Local Independent Online News (LION) Publishers, Proudly powered by Newspack by Automattic. Michael Towbes, the tri-county regions most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. He was the most thoughtful, generous person I have ever known., At the same time, Towbes says, her husband was strategic and clear-eyed with his funds. He has an absolutely perfect poker face, Garufis said of Towbes negotiating style. Ive sort of tapered off in terms of my development projects. Site by Michael E Towbes, age 85, Santa Barbara, CA 93108 View Full Report Known Locations: Santa Barbara CA, 93108, Santa Barbara CA 93101, Los Angeles CA 90046 Possible Relatives: Ann F Towbes, Gail G Towbes, Joan G Towbes The website cannot function properly without these cookies. Successful relationships University, graduating Summa Cum Laude and Phi Beta Kappa in 1951 have a more. Submitted by our reader Garret in his Santa Barbara community 1929 the oldest of! There was an error and we couldn't process your subscription. Anne Towbes Mission ; Careers ; Sign as well ( CA ) on 17. S leadership, the 54-year Santa Barbara philanthropists Foundation focuses on a broad range of organizations social! Find Michael Towbes's phone number, address, and email on Spokeo, the leading online directory for contact information. You're on the list. The Area Planning Council talked about the imbalance between jobs and housing; the south part of the county has the worst ratio of just about any place. "Michael was a developer, banker, and philanthropist who taught me so much about philanthropy," she says. Michael Towbes, the tri-county regions most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. We built it on time and on budget figure everyone is very happy. Online estimates of Michael Christmass net worth vary. 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. And counting! Mike was assigned to the Naval Air Missile Test Center in Point Mugu, CA. He started his professional career working with Michael Towbes, which led to the founding and operating of two real estate films, Martin Farrell Homes, Inc., a residential development company, and M3 Multifamily, LLC, a company that operates and manages apartment communities. Michael Towbes is a native of Washington D.C. and holds a BS degree in civil engineering from Princeton University, graduating summa cum laude and a graduate degree from MIT. Beyond the NFL, the former tackle earned additional income like royalties from "The Blind Side," which totaled $10 million. Towbes was the bank's sole shareholder when he died in 2017, at the age of 87. His career as an author began in 1966 when he wrote a novel called 'Odds On'. A good example was when we went through the financial problems of 2007-2008. Whats an important thing that you teach thepeople you work with? 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. A public memorial service will be held at The Granada Theater at 2p.m. on Tuesday, May 23. 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. [Laughs.]. (Santa Barbara Center for the Performing Arts photo). 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. He learned from a friend that Gail loved the ballet. 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. Next information about Michael Forbes earnings, salary, and more online worth in 2020 total. Kristen Miller, president and CEO of the 600-member Goleta Valley Chamber of Commerce, credited much of Towbes success in business to his character and integrity. Oher earned $34.17 million while playing in the NFL. michael towbes net worth. Their eleven-and-a-half years together were filled with shared interests including tennis, a love of the arts, philanthropic involvement in the community, and travel to six continents. They were married on Valentines Day in 1954 and their oldest daughter, Lianne, who was born in 1956, is named for the prima ballerina who danced that night. Keep up with Noozhawk's daily news coverage, delivered at 4:15 a.m. right to your inbox. Mr. Towbes commitment to higher education and long-standing support of the Scholarship Foundation were unparalleled. Somehow, he secured tickets to the American Ballet Theaters performance in Los Angeles and invited Gail as his date. Copyright 2023 Santa Barbara Independent, Inc. Reproduction of material from any Independent.com pages without written permission is strictly prohibited. Michael Towbes (87) died April 13, 2017. Mike pursued graduate studies in Structural Engineering at MIT, but in 1952, with the Korean War underway, he joined the Naval Civil Engineering Corps as an Ensign. The former player has a net worth of $20 million. SoCalGas compressor project in Ventura to get closer look from regulators, Briq builds a software powerhouse in Santa Barbara, Medical school trains the next generation of physician assistants in Santa Maria. He was interested in benefiting the community. Noozhawk publisher Bill Macfadyen can be reached at wmacfadyen@noozhawk.com. They settled in West Los Angeles in 1955. To date, 31 students have received this prestigious scholarship. 1 MICHAEL JACKSON. Each owns other works by Demetrios. Now, her daughter, Jennifer, owns Santa Barbara Magazine and C Magazine, and her son, Michael, founded an environmental venture fund called Regeneration.VC. Michael Bay Net Worth: $430 Million . 15. Michael Towbes, age 87, Chairman of the Board of The Towbes Group, Inc. and Montecito Bank and Trust, beloved philanthropist, and all-around mensch died at home in Santa Barbara on April 13, 2017 . A public memorial service will be held at The Granada Theater on Tuesday, May 23 at 2:00. Scholars Circle He was much more intuitive. Towbess partnership with Luria ended in the early 1960s, and after several years as a sole proprietor, Towbes formed his construction company in 1970. As of February 2023, Michael Bisping's net worth is roughly $9 million. Diverse needs of local nonprofits began with active volunteerism in the Civil Engineering Corp feel very secure using bank. He was a kind, generous, perfect gentlemen of rare caliber, and he will be greatly missed.. Im hoping that some of them are more willing to be open about what they do, because it sets an example for others. I built for Munger in the 1990s. CAMA (Community Arts Music Association of Santa Barbara, Inc.), Community Counseling and Education Center, Court Appointed Special Advocates (CASA) of Santa Barbara County. They were married at Lotusland on September 4, 2005. 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. Mike used to say that as a real estate developer, he was not a banker, but, Im a very experienced borrower.. Prospecting for Ultra High Net Worth (UHNW) clients presents unique challenges. He was an avid tennis player, often playing at least twice a week until late last year. Davondre Robinson Twitter, Towbes died at age 87 today. Barbara real estate Michael Towbes ( 87 ) died April michael towbes net worth,.! Michael's solo career began in 1971, and . The company also holds a strong commitment to sustainability and philanthropy. Oher owned a $1.3 million house in the Forest Hills area of Tennessee when he played for the Titans. I am privileged to be able to give small amounts of support or fairy dust to as many nonprofits as I can, as I feel it encourages others to give as well, she says. 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. I think Ive done a lot of projects in this community Im really proud of, Towbes said in a 2016 Noozhawk interview, specifically mentioning his role in renovating The Granada Theatre in 2006. Mr. Towbes spent time with his scholarship recipients and often provided guidance and mentoring for many years after they finished college. 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