Grandpoint Capital, Inc.
About the company
Grandpoint Capital, Inc., is a bank holding company formed in late 2008. The company was organized by a group of banking industry veterans who recognized the need and opportunity to bring fresh capital and client-focused financial services to the market. To fund the privately held enterprise, Grandpoint successfully raised $338 million in committed capital.
Since June 2010, Grandpoint Capital has acquired ten banks: seven in California and three in Arizona. In June 2013, Bank of Tucson was merged into Grandpoint Bank. It retained its name and operates as a division of the Bank. Regents Bank was merged into Grandpoint Bank as a division in September 2013 and retains its name. The Biltmore Bank of Arizona became a division of Grandpoint in March 2014 and retains its name. At yearend 2013, Grandpoint Capital had consolidated assets of approximately $2.3 billion.
About the leadership
Don M. Griffith, Chairman and Chief Executive Officer, is the former Chairman and CEO of First Coastal Bank. He was Founder and Chairman of Peninsula National Bank and, in 1989, founded D.M. Griffith & Co., an investment firm that assisted Kohlberg Kravis Roberts & Co. in its investment in the Fleet Financial Group in 1991 and eventual purchase of the Bank of New England. Don, who has over 40 years of banking experience, previously served as Chief Financial Officer of First Interstate Bancorp.
Deborah A. Marsten, Chief Operating Officer, was most recently Vice Chair and Chief Operating Officer of First Coastal Bank. She has served as the Chief Financial Officer of five banks in Southern California and has held various operations positions during her more than 40-year career.
David L. Dayton, Chief Financial Officer, is a former partner in the accounting firm of Vavrinek, Trine, Day & Co. He has specialized in financial institutions and mergers and acquisitions for more than 34 years.
Mark P. Phillips, Chief Credit Officer, has more than 30 years of banking experience in all facets of credit administration. He most recently provided lending and credit administration consulting support to banks in Southern California and Nevada through Phillips Loan Support Services, LLC. Previously, Phillips led the SBA lending division function nationally for Bank of America.
Grandpoint Capital, Inc., is formed
Grandpoint Capital signs a definitive agreement to acquire Santa Ana Business Bank
Grandpoint Capital signs a definitive agreement to acquire Encino, Calif.-based First Commerce Bancorp, parent company of First Commerce Bank
Grandpoint Capital announces the planned acquisition of the main office operations of the Bank of Tucson and the acquisition of Southern Arizona Community Bank
Grandpoint Bank acquires First Vietnamese American Bank from the FDIC (Westminster, CA)
Grandpoint Bank opens a de novo office in El Segundo, Calif.
Grandpoint Capital and First Commerce Bancorp complete merger (adding Encino and Brentwood offices to the Grandpoint Bank network)
Grandpoint Capital completes acquisition of Southern Arizona Community Bank (Tucson, Ariz.)
Southern Arizona Community Bank completes purchase and assumption of the main branch of Bank of Tucson
Grandpoint Capital signs a definitive agreement to acquire Anaheim, Calif.-based Orange Community Bancorp
Grandpoint Capital and Orange Community Bancorp complete merger (adding Orange, Anaheim and Huntington Beach offices to the Grandpoint Bank network)
Grandpoint Capital enters definitive agreement to acquire La Jolla, Calif.-based Regents Bancshares, Inc., parent company of Regents Bank
Grandpoint Capital announces definitive agreement to acquire Escondido, Calif.-based California Community Bank
Grandpoint Capital completes acquisition of Regents Bancshares; Dan Yates named president of Grandpoint Capital
Grandpoint Capital announces definitive agreement to acquire Phoenix, Ariz.-based Bank Capital Corporation, parent company of The Biltmore Bank of Arizona
Regents Bank, N.A. and California Community Bank complete merger
Grandpoint Capital, Inc., and Bank Capital Corporation complete merger. Phoenix-based The Biltmore Bank of Arizona joins the Grandpoint family of banks.
Grandpoint Capital, Inc., and NCAL Bancorp terminate their definitive agreement to merge
Bank of Tucson becomes a division of Grandpoint Bank
Grandpoint Bank signs definitive agreement to acquire L.A.-based Gilmore Bank
Regents Bank becomes a division of Grandpoint Bank
Grandpoint Bank and Gilmore Bank complete merger
The Biltmore Bank of Arizona becomes a division of Grandpoint Bank
Grandpoint Capital, Inc.
333 South Grand Avenue, Suite 4250
Los Angeles, CA 90071