Grandpoint Welcomes Gilmore Bank

September 2013 has been an exciting month for Grandpoint Bank. On September 23, we welcomed Regents Bank as a division of Grandpoint, and today we are proud to announce the completion of our merger with Gilmore Bank. The integration of our two organizations will be complete in early December.

“We are pleased to welcome our Gilmore Bank colleagues and customers to Grandpoint Bank,” says Don M. Griffith, Chairman and CEO of Grandpoint Bank. “We appreciate the trust the Gilmore family has placed in Grandpoint to care for the financial services needs of Gilmore Bank’s customers.”

Gilmore Bank has a long and distinguished history in Los Angeles. Founded by the Gilmore family whose roots in Los Angeles date back to the late 1800s, Gilmore Bank has had an enduring presence in the LA area since 1955. The bank’s former headquarters office is located at the historic Original Farmer’s Market in Los Angeles, which the Gilmore family built and continues to operate.

According to Hank Hilty, President and CEO of the A.F. Gilmore Company, “Having owned and operated Gilmore Bank since its founding in 1955, it was very important to us to find a merger partner that was financially strong and shared our values. Grandpoint was an excellent match, and we know our customers are in good hands. The merger with Grandpoint brings additional services to the bank that will benefit our existing clients and help attract new business.”

We first announced our agreement to acquire Gilmore Bank in July 2013.

“I would like to personally thank everyone who worked so hard to bring our two organizations together so quickly and especially to our customers for their continued trust and loyalty,” adds Chairman Griffith.  “It is with great pride that we will continue to carry forward the legacy of Gilmore Bank.”

For a Gilmore Bank customer Q&A about the merger and what to expect in terms of your services, please click here.


Posted on September 27, 2013, in Mergers & Acquisitions. Bookmark the permalink. Leave a comment.

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