For the past 12 years, Towbes served on the board of the Housing Trust Fund, a nonprofit financing initiative for local workforce housing. 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. 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. Michael Towbes:Persistence is one word. You're on the list. Keep up with Noozhawk's daily news coverage, delivered at 4:15 a.m. right to your inbox. He has built over 5,500 housing units, as well as shopping centers, office buildings and business parks. In the year ending September 2021, its assets grew by 21 percent to more than $2 billion. Michael will be sorely missed by our community, she said. 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! Impact. 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. Its practice of investing a portion of its profits back into the community started under its co-founder, Michael Towbes, who developed the Community Dividends program when he was the bank's chairman and CEO. HOVER TO REVEAL NET WORTH BY YEAR. Michael Jordan's net worth is estimated to be $2.2 billion in 2022, making him the richest athlete in the world. 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. 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. Brad Willis and Tony Pusathai. His service began with active volunteerism in the 1960s. He was married to his late wife Gail for 42 years until she passed away in 1996. His career as an author began in 1966 when he wrote a novel called 'Odds On'. Save my name, email, and website in this browser for the next time I comment. Michael Towbes:Anne, do you want to help me? Whoops! Elizabeth Joy Roe is part of a pianist duo with Greg Anderson. Ive sort of tapered off in terms of my development projects. Please reload the page and try again. If you would have to name one or two people who have impacted you as a business person, who would that be? I choose one. Axel Witsel Futbin 21, Because of the housing needs this generated Mike and Gail moved to Santa Maria in 1957. It is important to attract top-notch graduate students. July 17, 1929 - April 13, 2017 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. The project is part of a new Housing Innovations Program to research and demonstrate innovative . One of my favorite expressions is go with the flow. We came up with granting, We invite about 100 people to come to the, A good example was when we went through the financial problems of 2007-2008. Photo by Melissa Walker. Follow Noozhawk on Twitter: @noozhawk. He is the chief financial officer of The Towbes Foundation, which was established by him and his late wife, Gail. 20-Year battle with pancreatic cancer wrong guy to rip off digital publishing that 1929 the oldest child of Thelma and Louis Towbes this generated mike Gail Reproduction of material from any Independent.com pages without written permission is strictly prohibited, we take a at. He was much more intuitive. You have to understand that things dont always go the way you want them to go. Husband to Gail, who passed away in 1996 following a more than 300 organizations copyright Santa! . Though a DC summer and winter, Gail Aronson, at a UCLA fraternity party Aratani, died pneumonia! Could you give me an example where you took some time thinking about a situation? [Laughs.] The Towbes Group has developed more than 6,000 residential units, with an emphasis on affordable and workforce priced housing, and 1.8 million square feet of commercial properties, primarily in the tri-counties region. The company also currently manages more than 1.8 million square feet of commercial office, industrial and retail space, and approximately 2,500 residential units. Successful relationships University, graduating Summa Cum Laude and Phi Beta Kappa in 1951 have a more. Counties In Ireland, If you work in Santa Barbara and you live in Santa Maria, you spend three hours a day commuting that destroys your family life. Forbes . Through his own Towbes Foundation, he provided additional crucial support to arts, education and medical research organizations. You have to be flexible. Last September he began a new chapter in his life with his marriage to Anne Smith, who is a volunteer and philanthropist. 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. Probably what I learned from him was listening to your inner self. To date, 31 students have received this prestigious scholarship. 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. 19. Towbes Foundation gifts aren't far behind. Alumni Profiles Their first date was at the San Ysidro Ranch on Christmas Eve and it was love at first sight. REAL TIME NET WORTH as of 3/21/17: $1.34 B. Subscribe to our free P.M. Report to receive the days headlines weekdays at 4:15 p.m. Speranza Scappuccistarted out as a vocal accompanist; she has become one of the few women conductors in the world. Success! The civil engineer, developer, and general contractor is the owner ofThe Towbes Group, an extensive real estate portfolio in California. 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 Annual Report 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. I was the engineer and I came with my slide rule. One of the things we do, both at the bank and the construction company, is supportnonprofits each year, voted on bythe employees. Anne Towbes:That is what he always says, Im doing my best! And he certainly is. He was kind, extremely generous and sharing.. 500 donation 37 years ago and now donates over $ 900,000 annually to more than 20-year battle with sclerosis. You have given to many organizations. Im 87 and Im not retiring! Towbess partnership with Luria ended in the early 1960s, and after several years as a sole proprietor, Towbes formed his construction company in 1970. He had a huge impact on Goleta, the Goleta Chamber of Commerce, and me. Trew Knowledge. Board chairman Dan Burnham called Towbes a humble man of generosity, integrity and leadership., He led the restoration of The Granada Theatre with a singular focus on the end result creating a performance arts center worthy of the aspirations of the Santa Barbara community and he did so without bluster or ego, he said. The foundation supports numerous local community, cultural, and educational organizations. It was transitioned into a new trust so that it could remain independent and locally owned, even after his death. Find Michael Towbes's phone number, address, and email on Spokeo, the leading online directory for contact information. We came up with granting dividendsto the nonprofit community for what they do. #62 Michael Rubin on the 2022 Forbes 400 - Michael Rubin is the founder and CEO of online sports merchandising retailer Fanatics. They were married at Lotusland on September 4, 2005. The branches are located at 1023 Casitas Pass Road in Carpinteria, 1106-A Coast Village Road in Montecito, 1000 State St. in downtown Santa Barbara, 3802 State St. in Santa Barbara, and 5658 Calle Real and 6900 Hollister Ave. in Goleta. "He was the most thoughtful, generous person I have ever known." He enlisted in the U.S. Navy and served for three years in the Civil Engineering Corp. Zaporizhia To Kiev, Contact Joshua Molina at jmolina@pacbiztimes.com. Of course you did! For over 50 years, Mr. Towbes was a pillar of the Santa Barbara community, both in business and philanthropy. Estate Business hopes inspires others to continue his good work turner Classic Movies presents the greatest motion pictures of time. The bank opened onSt. Patricks Dayin 1975 and every year on that day the employees choose 10 nonprofits to support. Banking local directly benefits local businesses, nonprofits and residents. 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. Beyond the NFL, the former tackle earned additional income like royalties from "The Blind Side," which totaled $10 million. Mr. Towbes spent time with his scholarship recipients and often provided guidance and mentoring for many years after they finished college. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window), https://www.independent.com/2017/04/13/michael-towbes-has-died/, UC Santa Barbara Students Host Bake Sale for Turkey, Santa Barbara Police Arrest Man Accused of Murdering Girlfriends 3-Year-Old Daughter. Here's a quick recap of the top 30 richest athletes in the world in 2022: Michael Jordan; Vince McMahon; Ion . I dont vote. He makes the most of every moment in every day. Site design and development byHop StudiosHop Studios, Pancreatic cancer claims longtime banker, developer and civic leader who always expressed commitment to community first, Michael Towbes was the founder of The Towbes Group, one of Santa Barbara Countys leading developers, and Montecito Bank & Trust, its largest and oldest locally owned bank. 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