- Janet Garufis
- Montecito Bank and Trust, Santa Barbara, Calif.
- Chairman and CEO
Janet Garufis is chairman and CEO of Montecito Bank & Trust, based in Santa Barbara, Calif. She joined the bank in 2004 and was promoted to president and CEO in 2006. She began her career as a teller more than 40 years ago with Security Pacific Bank, now Bank of America. She rose through the ranks of retail banking and after completing the Security Pacific management training program, successfully led its retail banking, commercial banking and private banking organizations. She established Security Pacific’s Business Banking Division in 1990 and subsequently introduced credit scored Small Business lending to Bank of America at their acquisition of SPNB, becoming the leader of Bank of America Business Lending Services Division. She holds a Bachelor of Arts and a Master of Arts in English from California State University, Northridge, and is a graduate of the Pacific Coast Banking School at the University of Washington. In early 2014, she was invited to join the Community Depository Institutions Advisory Council (CDIAC) of the Federal Reserve Bank of San Francisco and served as president of the Federal Reserve Board of Governors’ CDIAC in 2017. She has also served as past chair of the Western Independent Bankers Association and is a director of the Pacific Business Management Institute of Pacific Coast Banking School.