It’s Official: Regents Bank and Grandpoint Combine Operations
Today is an exciting day for our organization, and especially for our customers and colleagues in San Diego. It’s the first day the operations of Regents Bank are fully integrated with Grandpoint’s, completing a process begun a little over two years ago, on September 6, 2011, when Grandpoint Capital, Inc. and Regents Bancshares, Inc. jointly announced a definitive agreement for Grandpoint’s acquisition of Regents Bank.
Since that announcement, we have been working to make the transition as seamless as possible for all those who have come to rely on Regents Bank for its commitment to personal service and its signature Consultative Banking approach.
“Regents Bank is a first-class organization, and we are fortunate to have the Regents’ professionals as part of the Grandpoint team,” according to Don M. Griffith, chairman and CEO of Grandpoint Bank. “They know the San Diego market very well, and they’ll continue to guide our growth in this important region. Under Steve Sefton’s leadership, Regents will maintain its regional autonomy while benefiting from the additional resources Grandpoint brings to the table and the economies of consolidated back office operations.”
Steve Sefton, Regents Bank President and CEO, sums up what Regents’ customers can expect from the organizational change: “Same experience, more resources. We believe we can now offer the best of both worlds: the personalized service and deep market knowledge of a community bank with the substantial capital base of a much larger bank. We will still focus on developing long-term relationships and make business decisions locally, but can now make bigger loans and call on the expertise of our Grandpoint colleagues. We like to say big enough to matter, small enough to care.”
Customers banking online will notice a new look and feel, but experience the same functionality.
Since its founding in 2001, Regents has focused on small and mid-sized companies in San Diego and that won’t change. The emphasis on local companies will continue to be a hallmark of the bank. Regents will retain its name and community presence in downtown San Diego, La Jolla, Escondido and Vista, as well as its branch in Vancouver, Washington.