About 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 11 banks in California and Arizona, which were ultimately merged into Grandpoint Bank. Three of these banks retained their names and regional autonomy and now operate as divisions of Grandpoint Bank: Bank of Tucson, with two offices in Tucson, became a division of Grandpoint Bank in May 2013. Regents Bank, with four offices in San Diego County and one in Vancouver, Wash., became a division in September 2013. The Biltmore Bank of Arizona, with one office in Phoenix, became a division of the Bank in March 2014.

Chart showing Grandpoint acquisitions from 2010 to 2014


About the leadership

Head shot of Don Griffith Don M. Griffith, Chairman and Chief Executive Officer, founded two banks between 1993 and 2007: Peninsula Bank and First Coastal Bank. In 1989, he founded D.M. Griffith & Co., an investment and advisory 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, the 8th largest bank in the U.S. at that time..
Head shot of Deborah Marsten 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.
Head shot of David Dayton 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.
Head shot of Mark Phillips 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.

 

Timeline

Late 2008
Grandpoint Capital, Inc., is formed.

January 2010
Grandpoint Capital signs a definitive agreement to acquire Santa Ana Business Bank.

June 2010
Grandpoint Capital completes the acquisition of Santa Ana Business Bank; the bank name is changed to Grandpoint Bank.

July 2010
Grandpoint Capital signs a definitive agreement to acquire Encino, Calif.-based First Commerce Bancorp, parent company of First Commerce Bank (PDF TO COME).

August 2010
Grandpoint Capital announces the planned acquisition of the main office operations of the Bank of Tucson and the acquisition of Southern Arizona Community Bank.

November 2010
Grandpoint Bank acquires First Vietnamese American Bank from the FDIC (Westminster, CA).

Grandpoint Bank opens a de novo office in El Segundo, Calif.

December 2010
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.).

January 2011
Southern Arizona Community Bank completes purchase and assumption of the main branch of Bank of Tucson.

March 2011
Grandpoint Capital signs a definitive agreement to acquire Anaheim, Calif.-based Orange Community Bancorp.

August 2011
Grandpoint Capital and Orange Community Bancorp complete merger (adding Orange, Anaheim and Huntington Beach offices to the Grandpoint Bank network).

September 2011
Grandpoint Capital enters definitive agreement to acquire La Jolla, Calif.-based Regents Bancshares, Inc., parent company of Regents Bank.

January 2012
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.

June 2012
Grandpoint Capital announces definitive agreement to acquire Brentwood, Calif.-based NCAL Bancorp, parent company of National Bank of California.

November 2012
Regents Bank, N.A. and California Community Bank complete merger.

December 2012
Grandpoint Capital, Inc., and Bank Capital Corporation complete merger. Phoenix-based The Biltmore Bank of Arizona joins the Grandpoint family of banks.

January 2013
Grandpoint Capital, Inc., and NCAL Bancorp terminate their definitive agreement to merge.

June 2013
Bank of Tucson becomes a division of Grandpoint Bank.
Grandpoint Bank signs definitive agreement to acquire L.A.-based Gilmore Bank.

September 2013
Regents Bank becomes a division of Grandpoint Bank.
Grandpoint Bank and Gilmore Bank complete merger.

March 2014
The Biltmore Bank of Arizona becomes a division of Grandpoint Bank.

June 2014
Grandpoint Bank purchases certain loans and assumes certain deposits from Wedbush Bank.

Contact Us
Grandpoint Capital, Inc.
333 South Grand Avenue, Suite 4250
Los Angeles, CA 90071
213.542.2700

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