SANTA BARBARA, Calif. - A public memorial will be held Tuesday, May 23 at the Granada Theater to honor the passing of Michael Towbes, a pillar in the Santa Barbara community. The prolific developer and philanthropist passed away Wednesday night.
According to a family statement, Towbes passed away surrounded by his family following a brief battle with pancreatic cancer. He was 87 years old.
Towbes donned many hats--an experienced developer who started the Towbes group--building shopping centers, business parks, apartments and medical clinics.
He recently stepped down as board chairman of one of the largest independently owned banks in the region--Montecito Bank & Trust, which Towbes founded in 1975.
However, one of Towbes' longest lasting impact on the community was his love for giving back and philanthropy work. He donated millions of dollars over the years, both personally and through his businesses.
Towbes was a Cottage Hospital board member for 27 years and a Santa Barbara resident for over 54 years.
Canvases have been placed in each of the Montecito Bank & Trust branches in the Santa Barbara, Carpinteria and Goleta areas, for the public to come in and write any notes of condolences.
Click here to read a statement and obituary released by the Towbes family.