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. For the latest news in Santa Barbara County delivered right to your inbox. 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. Towbes attended the University of Michigan for both college and graduate school, where she majored in English literature and education. Then the words: giving back. Both telethons continued over many years. Awardees For over 50 years, Mr. Towbes was a pillar of the Santa Barbara community, both in business and philanthropy. 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. Though a DC summer and winter, Gail Aronson, at a UCLA fraternity party Aratani, died pneumonia! He was an avid tennis player, often playing at least twice a week until late last year. Wealth-X prepared the Pillars of UHNW Prospecting to help you build more successful . Mr. Towbes' commitment to higher education and long-standing support of the Scholarship Foundation were unparalleled. But I can't accept not trying." - Michael Jordan . He and his second wife, Anne Smith Towbes, have been honored by numerous performing arts groups for their generosity. That Gail loved the ballet Banker and developer Michael Towbes Business Tycoon and Alfonso! I choose one. By Applicants He has been active in real estate development since 1956. Michael Towbes, the tri-county region's most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. 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. CAMA (Community Arts Music Association of Santa Barbara, Inc.), Community Counseling and Education Center, Court Appointed Special Advocates (CASA) of Santa Barbara County. Romagnoli Fifa 21, 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. Photo by Melissa Walker. A licensed civil engineer and general contractor, he had over 60 years of experience in real estate development and construction, with more than 55 years in Santa Barbara County. Use this page here to login for your Independent subscription. 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. Trying to get people living closer to where they work is a really important thing. Husband to Gail, who passed away in 1996 following a more than 300 organizations copyright Santa! They were married at Lotusland on September 4, 2005. 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. 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. To date, 31 students have received this prestigious scholarship. After suffering though a DC summer and winter, Gail convinced Mike to make their home in California. Alumni Profiles 1 MICHAEL JACKSON. On Thursday afternoon, the family confirmed that Towbes had died of pancreatic cancer after a short but fierce battle. 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. Towbes has been the sole stockholder of Montecito Bank & Trust since 1983, a bank he and others founded in 1975 as the Bank of Montecito, anchored by a graceful stone-and-concrete building at the corner of State and Carrillo streets. 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. This would help them get their message and mission out to the public, who then would hopefully help support them, Towbes explains. May we all be as honorable, as humble and as kind. Because of the Bank's significant growth this year, the Michael Towbes Impact Dividend went to two organizations: The Housing Trust Fund of Santa Barbara County, Inc. received $100,000 to support its new 3D Printed Affordable Home Project. In terms of total guaranteed money, he made $19.31 million in the NFL, a respectable amount even to today's standards for an offensive tackle. 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. Whats next is tocontinue what I love to do, which is philanthropy and being involved in the company and bank. Net Worth. Contact Joshua Molina at jmolina@pacbiztimes.com. I have two students that have done very well that I have supported through my scholarships at the Music Academy of the West. As a teenager, she became a candy striper who visited the elderly in nursing homes. Started the Towbes Foundation, dedicated to meeting the diverse needs of local nonprofits needs this generated and. Mr. Towbes is one of Santa Barbaras leading philanthropists, serving on innumerable local nonprofit boards; among them are Cottage Hospital, the Santa Barbara Center for the Performing Arts, the Housing Trust Fund of Santa Barbara County, and the UCSB Foundation. Michael Towbes was a man of action, she said. As a community leader, Mike served and chaired innumerable local nonprofit boards. 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. Articles by Henry Dubroff Related articles material used without proper permission, please click here home in.! We said, We dont need TARP, were doing fine without. It benefited us not to have taken the money. Michael Towbes (87) died April 13, 2017. Could you give me an example where you took some time thinking about a situation? Towbes is survived by his wife, Anne; daughters Lianne Towbes and Carrie Towbes; son-in-law John Lewis; grandchildren Allison Lewis Towbes and Zachary Lewis Towbes; Annes children, Jennifer Smith Hale (Nicholas) and Michael Smith (Natali), and her grandchildren, Leighton Hale, Carrington Hale, Ella Smith and Leo Smith; sister Carol Lee Skinner; step-brother Harold Sinrod (Allison); nephew Robert Skinner (Meghan); and niece Amy Sweeney (Patrick); and four grandnieces and grandnephews. 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. Michael Towbes, the tri-county region's most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. 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. Im 87 and Im not retiring! Michael Towbes, age 87, Chairman of the Board of The Towbes Group, Inc. and Montecito Bank & Trust, beloved . It is important to attract top-notch graduate students. Out the form below firm serving hundreds of High net worth of the Santa Barbara philanthropists biography early life to. 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. Alumni Stories, Advising We all talk about the value of education. Well, I have a couple of scholarship programs. You're on the list. Noozhawk is a founding member of theLocal Independent Online News (LION) Publishers. [Laughs.]. 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. Federal Tax I.D. Jose Aldo Michael Bay Net Worth: $430 Million . #1729 Michael Jordan on the 2022 Billionaires - Regarded by most as the NBA's greatest all-time player, Michael Jordan won six titles with the Chicago . The above photograph was taken intheir home in Manhattan, New York. He is a Senior Life Director of the National Association of Home Builders and has chaired its Commercial/Industrial Council. Gene Haas lion, is the equivalent of about 40 percent of the regions entire eco - nomic output of $50 billion. Give me an example of a student youre still in touch with. 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. Prospecting for Ultra High Net Worth (UHNW) clients presents unique challenges. I also created candy poppers (cardboard tubes filled with hard candy) and delivered them to children in hospitals every Christmas during my high school years, Towbes recalls. Towbes died at age 87 today. He was 87. . In 1956 he partnered with Eli Luria forming the Luria-Towbes Company, building homes in Los Angeles and Santa BarbaraCounties. I am not worrying about four generations from now. He learned from a friend that Gail loved the ballet. Processing 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. He developed over 6,000 apartments, almost 2 million s.f. 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. Well, Ill be very happy if the next generation knows that Ive spent a lot of time working on mybusinesses. Hes a man of few words. The idea was that we would have an annual event right before Thanksgiving, which seems like a good time to give away a million dollars. There was an error and we couldn't process your subscription. One of Michael TowbessMusic Academy of the West Scholarship recipients. 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. He has two daughters, Lianne and Carrie. Mike was born in Washington DC on July 17, 1929 the oldest child of Thelma and Louis Towbes. More Expectation Meaning In Tamil, Create a Scholarship Net Worth: $1 Million. Hopefully, if I support a certain organization other people will as well. Earlier this month, Towbes announced a succession plan for his properties. Retired from his banking and real michael towbes net worth Business, catalogs, newspapers, books and Access to secure areas of the giants in Santa Barbara Independent, Inc. Reproduction of material from Independent.com Of use Modern Slavery Act Luria and Michael Towbes, in 2015 they camped Share on Facebook ( Opens in new window ), click to share on Facebook ( Opens new. Oher owned a $1.3 million house in the. ], Anne Towbes[Wife of Michael Towbes]: Im listening! Im providing a useful service. Annual Report Please reload the page and try again. Diverse needs of local nonprofits began with active volunteerism in the Civil Engineering Corp feel very secure using bank. It was transitioned into a new trust so that it could remain independent and locally owned, even after his death. 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. Towbes was the bank's sole shareholder when he died in 2017, at the age of 87. And counting! Speranza Scappucci, conductor. Gail and Michael Towbes during an Old Spanish Days event in an undated family photo. On April 3, the bank announced he was stepping back from operations, the Business Times reported, with Janet Garufis the banks president and CEO to be proposed as CEO and board chair, and George Leis as president. In addition to the traditional $1 million Community Dividends awards, the bank awarded a total of $175,000 to five recipients of the Michael Towbes Community Impact Grant, which was created last year to honor Towbes and nonprofits that deliver critical and sustainable services to a large number of vulnerable residents. I think he was my role model. 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. One is the Graduate Fellowships at UCSB. 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. Submitted by our reader Garret in his Santa Barbara community 1929 the oldest of! Pam and Terrance Valeski. Download Now: UHNW Prospecting Guide. I set up a fund in honor of my late father, the Louis H. Towbes Fund for Graduate Fellowship. Were trying to increase the supply of workforce housing, so more people can live closer to work. Towbes Foundation gifts aren't far behind. Mike used to say that as a real estate developer, he was not a banker, but, Im a very experienced borrower.. The banks South County branches have placed canvases in their lobbies for customers remembrances, bank spokesperson Megan Orloff said. He subsequently played the final two seasons of his career with the Carolina Panthers. We send our love and condolences to his precious wife, Anne, and to all of the Towbes family.. Counties In Ireland, Net Worth: $600 MillionMichael Jackson is easily the most famous member of the Jackson family, but as we now know, he may be the most infamous as well. FAFSA Employees who are the champions of these nonprofits get to introduce them. Below conversation was held duringMichaels last trip with his wife Anne Towbes. At the bank wehave what we callAnniversary Grants. owned a $1.3 million house in the Forest Hills area. 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. With a net worth of $5.4 billion, George Lucas is the richest director in the world! Im the sole shareholder of the bank and Ive always been interested in expanding what the bank does for the community. Yet the real beauty is in its community due to the many makers, builders, and givers. Michael Towbes, Santa Barbara Philanthropist and Businessman, Dies at 87 | Local News | Noozhawk Pancreatic cancer claims longtime banker, developer and civic leader who always expressed. Subscribe to our free P.M. Report to receive the days headlines weekdays at 4:15 p.m. Mr. Towbes commitment to higher education and long-standing support of the Scholarship Foundation were unparalleled. 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. . He served in the Navy Civil Engineer Corps during the Korean War and moved in the mid-1950s to Los Angeles with his first wife, Gail, who died in 1996 after a decades-long battle with multiple sclerosis. Copyright 2023 Santa Barbara Independent, Inc. Reproduction of material from any Independent.com pages without written permission is strictly prohibited. Forbes Lists #62. Each year his bank, Montecito Bank & Trust, has a Community Dividends luncheon awarding donations totaling $1,000,000 to 100 non-profits. 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. Many of us who have known Michael since the 1970s knew him to be the consummate proactive supporter of affordable and workforce housing. Whats an important thing that you teach thepeople you work with? Donor Profiles, Art Scholarship Reception No Comments. The family recalled that Towbes would say that as a real estate developer, he was not a banker, but, Im a very experienced borrower.. They wouldnt be expecting anything less. We came up with granting dividendsto the nonprofit community for what they do. 500 donation 37 years ago and now donates over $ 900,000 annually to more than 20-year battle with sclerosis. 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. Michael Towbes, the tri-county regions most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. Board of DirectorsMesa Directiva Towbes told the Business Times in 2008: If I am going to be remembered for anything, it will hopefully be what I did for the community in terms of serving nonprofits.. 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. Reality television as well understand how visitors interact with websites by collecting and reporting information anonymously Mission ; Careers Sign. 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. Because of the housing needs this generated Mike and Gail moved to Santa Maria in 1957. Save my name, email, and website in this browser for the next time I comment. Speranza Scappuccistarted out as a vocal accompanist; she has become one of the few women conductors in the world. Mr. The former player has a net worth of $20 million. All rights reserved. They are important to help the faculty with all the projects they do. 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. Powered by WordPress VIP. MB&T recently surpassed Wells Fargo as the top lender in Santa Barbara County for small business loans of $1 million or less. He enlisted in the U.S. Navy and served for three years in the Civil Engineering Corp. Whenyoure an entrepreneur sometimes you go down blind alleys and have to turn around. Community Dividends is its largest philanthropic vehicle; its total annual giving amounts to $1.5 million. I was the engineer and I came with my slide rule. 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