Grandpoint client helps outfit Kentucky Derby & Preakness winner
According to Larry Sallinger, vice chair and Orange County regional manager of Grandpoint Bank, one of the best things about being a commercial banker is getting to work with so many interesting businesses, including Thoro’Bred Racing Plates – the company that made the shoes California Chrome wore to handily win the 2014 Kentucky Derby and Preakness Stakes.
The Anaheim-based company has been producing horse shoes – also known as racing plates – for 65 years. Equine legends such as Secretariat, John Henry and Cigar – plus many more – have worn Thoro’Bred shoes as they raced to victory.
Thoro’Bred Racing was started in 1949 by Bruce Kinney, and has been operated for the past 30 years by Edwin (Ed) Kinney. It is one of many manufacturing companies that Grandpoint serves in Orange County.
“We enjoy going to Thoro’Bred’s place of business,” says Terry Zippwald, an account officer with Grandpoint Bank. “It’s like stepping back in time and going to the blacksmith’s shop, except this shop is 34,000 square feet.” The company also has separate shipping and storage facilities.
Thoro’Bred is a specialty industry that manufactures hundreds of different types of horseshoes for customers locally and worldwide. Thoro’Bred makes specialized shoes for all types of horses, miniature horses, quarter horses, thoroughbred horses, police horses and for the family pet. For racing, horses need different shoes for different track conditions, so shoes may need to be changed on a very frequent basis. Aluminum racing plates last up to six weeks, but usually are changed every month.
Thoro’Bred has been a customer of Grandpoint for seven years, using a variety of the bank’s business services. Because Thoro’Bred’s shoes are worn throughout the world, Grandpoint provides international banking services to the company. In addition, Mr. Kinney has attended Grandpoint Bank’s annual economic forecast held in association with Chapman University.
At Thoro’Bred, the goal is “to make the farrier’s* job easier and every horse a winner,” which mirrors Grandpoint’s goal to help make every businessperson’s job easier and every business successful.
Congratulations to Thoro’Bred on its winning association with California Chrome!
And here’s hoping that California Chrome wins the Triple Crown!
*A person who shoes horses
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