Michael Towbes

Chairman of the Board
The Towbes Group

Affiliations: 

Montecito Bancorp Chairman & Owner
National Association of Homebuilders Senior Life Director
Cottage Hospital Board Member

Honors: 

Man of the Year Santa Barbara
Chancellor's Medal UC Santa Barbara
Westmont College Medal of Honor
California Building Industry Hall of Fame

Biography: 

Michael Towbes is an experienced developer, property manager and general contractor and a long-term owner of an extensive real estate portfolio located from Westlake Village to Santa Maria. A licensed civil engineer and general contractor, he has nearly 60 years of experience in real estate development and construction, with more than 55 years in Santa Barbara County. His focus has been almost entirely within a 60 mile radius of Santa Barbara, with a significant portion of that work within the City of Santa Barbara. Through The Towbes Group, he develops constructs and manages an extensive portfolio of office buildings, shopping centers, business parks, apartments, and most recently a medical office complex for the Sansum Medical Foundation Clinic. His projects have won a number of Santa Barbara Beautiful and Goleta Beautiful awards.

While a large part of his construction has been for his own account, he has also been selected as the general contractor for the Montecito Sea Meadows housing project, the Ridley-Tree addition to the Santa Barbara Museum of Art, the Foothill Centre medical offices for the Sansum Medical Foundation Clinic, and currently the $65 million residence hall for the Kavli Institute of Theoretical Physics at UCSB.  For both the Montecito Sea Meadows project and the Kavli Institute project, Mr. Towbes was personally chosen by Charles Munger to be the general contractor.

Michael Towbes is Chairman of the Board and owner of Montecito Bancorp, a Santa Barbara based bank holding company which owns Montecito Bank & Trust, with assets of $1.2 billion.