Who is Grandpoint Bank?
Grandpoint Bank’s story began in late 2008 when a group of entrepreneurial Southern California bankers joined together to create a new bank. At a time when many banks were facing constraints in the midst of a sluggish economy, the founders of Grandpoint Bank saw the opportunity to put their experience and capital to work by helping creditworthy businesses and their owners, entrepreneurs and professionals grow and prosper. To finance the new enterprise, Grandpoint Capital, Inc., a bank holding company, was created and successfully raised $338 million in committed capital, demonstrating the confidence of investors in the Bank’s leadership team and vision.
Grandpoint Bank, a wholly owned subsidiary of Grandpoint Capital, was launched in June 2010 when Grandpoint Capital acquired Santa Ana Business Bank, with an initial capital investment of $75 million, and converted it to Grandpoint Bank. Grandpoint Bank entered the market with a clean balance sheet and substantial capital.
Over the course of the past two years, we have built the bank through internal growth and mergers with other well-managed community banks that shared our business banking focus and consultative approach to client relationships. Our acquisitions include First Commerce Bank, with offices in the San Fernando Valley and West Los Angeles; and Orange Community Bank, with offices in Orange County. At June 30, 2012, Grandpoint Bank had total assets of $857 million with seven banking offices and one loan production office. Our capital strength remains rock solid with a Total Risk-Based Capital Ratio of 15.4 percent, far exceeding the level considered “well capitalized” by bank regulators.
Grandpoint Bank is part of a larger family of banks that includes Grandpoint Capital subsidiaries Regents Bank, with four offices in San Diego County and one in Vancouver, Wash., and Bank of Tucson, which operates two offices in Tucson, Ariz.