Over the past 55 years, he was an active board member and then an active honorary board member. Anderson & Roetour internationally now. However, his lifestyle makes it apparent that he is very rich. Success! He showed me how to focus on, identify, and support organizations having clear missions, goals, and programs that effect change and add to the soul of the community., Among other things, Towbes says, Michael advised her to give to organizations that speak to her heart in her case, those that helped foster the pursuit and appreciation of music, the performing and visual arts, education, animals, architecture, and mental health. Prospecting for Ultra High Net Worth (UHNW) clients presents unique challenges. Mike was surrounded by his family at the time of his death following a short but valiant battle with pancreatic cancer. The 2009 movie, "The Blind Side," was based on his life and starred Oscar-winning actress Sandra Bullock. Annual Awards Ceremonies I think my favorite part is apartments, he added. Towbes founded Montecito Bank & Trust and The Towbes Group after he came to California as a civil engineer for the Navy at Point Mugu. 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. 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. In 1980, Mike and Gail started the Towbes Foundation, dedicated to meeting the diverse needs of local nonprofits. in Civil Engineering from Princeton University, graduating Summa Cum Laude and Phi Beta Kappa in 1951. In 1956 he partnered with Eli Luria forming the Luria-Towbes . Well, I have a couple of scholarship programs. 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. 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. Billionaire number 1,567. One of Michael TowbessMusic Academy of the West Scholarship recipients. (Noozhawk file photo), Michael Towbes, with wife Anne Smith Towbes, outside Santa Barbaras landmark Granada Theatre he did so much to help restore. 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. Counties In Ireland, 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. But I can't accept not trying." - Michael Jordan . ], Anne Towbes[Wife of Michael Towbes]: Im listening! 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. Whoops! 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. Contact him at wmacfadyen@noozhawk.com, and follow him on Instagram: @bill.macfadyen. Hes always willing to walk away. After suffering though a DC summer and winter, Gail convinced Mike to make their home in California. Please reload the page and try again. You have to understand that things dont always go the way you want them to go. [Laughs.]. 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. 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. 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. 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. 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. The bank opened onSt. Patricks Dayin 1975 and every year on that day the employees choose 10 nonprofits to support. Applicants Some employees are involved in organizations that are small and dont have a high profile in the community, yet are very important. His first contract was a rookie deal with the Ravens, which ultimately saw him make $13,495,000 million in his five seasons in Baltimore. We helped the station create programs such as Santa Barbara Treasures, which showcased several nonprofits weekly for several years. Tell me about one of them. 500 donation 37 years ago and now donates over $ 900,000 annually to more than 20-year battle with sclerosis. It was transitioned into a new trust so that it could remain independent and locally owned, even after his death. American philanthropist Kathryn Davis died at her home in Hobe Sound, Floridain, according to Bloomberg. 2017 BILLIONAIRES NET WORTH as of 3/20/17: $1.3 B. Tuchman's wealth is based on his gigs as . This would help them get their message and mission out to the public, who then would hopefully help support them, Towbes explains. 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. Processing Every year the university gives me resumes ofabout four potential honorees. July 17, 1929- April 13, 2017. The bank's South County branches have placed canvases in their lobbies for customers' remembrances, bank spokesperson Megan Orloff said. The banks South County branches have placed canvases in their lobbies for customers remembrances, bank spokesperson Megan Orloff said. Staff In 1956 he partnered with Eli Luria forming the Luria-Towbes Company, building homes in Los Angeles and Santa BarbaraCounties. 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. 15. Towbes died at age 87 today. Michael Towbes was a true pioneer, in business, philanthropy and life, said Barrett OGorman, Scholarship Foundation Board Chair. 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. Because of the housing needs this generated Mike and Gail moved to Santa Maria in 1957. Then we ended the event for the people to continue schmoozing. CAMA (Community Arts Music Association of Santa Barbara, Inc.), Community Counseling and Education Center, Court Appointed Special Advocates (CASA) of Santa Barbara County. Reality television as well understand how visitors interact with websites by collecting and reporting information anonymously Mission ; Careers Sign. He enlisted in the U.S. Navy and served for three years in the Civil Engineering Corp. 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. There was an error and we couldn't process your subscription. Mike will be remembered as a pillar of the Santa Barbara Community. 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. Montecito Bank & Trust recently celebrated the 14thyear of theCommunity Dividendevent. Michael Towbes. The former player has a net worth of $20 million. Where does the not giving up come from? Use this page here to login for your Independent subscription. Romagnoli Fifa 21, His legacy will surely endure through the lives he touched for many generations to come., Mission & Values Towbes made a name for himself through The Towbes Group, which he founded in 1956 with then-business partner Eli Luria. The former Ole Miss star finished second in the AP NFL Offensive Rookie of the Year voting. If you would have to name one or two people who have impacted you as a business person, who would that be? For the past 30 years, Towbes has been volunteering her time and giving support to many worthwhile causes in Santa Barbara, including Santa Barbara City College (where she was a foundation board member and later helped fund the Sara Evelyn Smith Drama Scholarship in honor of her late mother-in-law) and The Womens Fund, where she served as a founding member and remains an active contributor. 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. All Rights Reserved, Construction Industry Research Board (CIRB). 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. Why We Do It 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. Awardees Last September he began a new chapter in his life with his marriage to Anne Smith, who is a volunteer and philanthropist. It is important to attract top-notch graduate students. 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. `` I feel very secure using this bank portfolio of over $ 900,000 copyrighted material without! Please note this login is to submit events or press releases. Please logout and login again. 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. (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. Somehow, he secured tickets to the American Ballet Theaters performance in Los Angeles and invited Gail as his date. Zimmerman said the development group will remain independent. Both telethons continued over many years. Mike was assigned to the Naval Air Missile Test Center in Point Mugu, CA. [, One of the things we do, both at the bank and the construction company, is supportnonprofits each year, voted on bythe employees. You have to understand that circumstances change. 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. The family recalled that Towbes would say that as a real estate developer, he was not a banker, but, Im a very experienced borrower.. Below conversation was held duringMichaels last trip with his wife Anne Towbes. I always knew I wanted to be a teacher and used to organize my dolls as my students to play school with them.. Michael Towbes, the tri-county regions most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. He has been a resident of Santa Barbara since 1960. Scholars Circle I built for Munger in the 1990s. By Carrie Towbes. 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