Monthly Archives: November 2014
The leaves have turned, the air is crisp and the turkeys are… nervous.
Thanksgiving is upon us, and as you decorate your table, gather your friends and family near and prepare your feast, please know that one of the many things we are thankful for at Grandpoint Bank is the trust and loyalty of our clients. We are honored to serve so many individuals and help support the businesses and professionals who work so hard to power our local economy and our communities.
We raise our collective glasses to you and your families and wish you the happiest of Thanksgivings.
If you see a new face at Grandpoint Bank, or at the many area-business meetings he’s sure to attend, there’s a good chance that’s Duane King, who recently joined Grandpoint as senior vice president and senior relationship manager. A Los Angeles native, Duane works at our Brentwood office, providing commercial banking services to existing clients and developing new banking relationships.
In addition to his more than 20 years of banking experience centered in Southern California, Duane was an equity partner in Welton Becket & Associates’ development of Colorado Place, a one million-square-foot, low rise, office and retail complex in Santa Monica, and the development of a 200-unit apartment / retail complex that was built on an entire block in downtown Los Angeles (between 3rd and 4th Streets and Los Angeles & Main Streets). Though he’s been part of some very major projects, Duane says, it’s often the smaller deals that give him a greater feeling of success, as they can be more difficult to close and require working closely with his clients.
Duane holds a real estate brokerage license (he was an industrial real estate broker in Los Angeles for 10 years), a Certified General Real Estate Appraiser’s license and a law degree from Loyola University. He likes to joke that the law degree helps him stay out of trouble.
Duane doesn’t have too much time to get into trouble, though. When this Malibu resident isn’t working, you might find him surfing or mountain biking off the beaten track in north Malibu. Duane also enjoys flying and skiing and holds a private pilot’s license.
Going the extra mile in all things has helped differentiate Duane in his banking career. Whether it’s sending a helpful news article to a client or providing tailored advice, Duane uses what he learns about his clients to help them succeed in their respective businesses.
His commitment to the community is strong too. Duane enjoys volunteering with his wife at the First Methodist Children’s Pre-School in Pacific Palisades and participating in projects with the Mortgage Bankers Association.
We are pleased to welcome such an accomplished and dynamic person to our Grandpoint family, and we hope you get the chance to meet Duane soon…perhaps at a beach “board” meeting?
It may come as no surprise that Los Angeles is the homeless capital of the world. For women, homelessness can be especially dangerous. Fortunately, in downtown Los Angeles, the Downtown Women’s Center, founded in 1978, has come up with a way to keep 95 percent of their residence program participants from ever returning to life on the streets. This remarkable organization has even managed to help women develop skills necessary to support themselves and to place custom and upcycled products made by these women onto Etsy, into the Craft & Folk Art Museum and even into Bloomingdale’s.
The mission of the Downtown Women’s Center is to provide permanent supportive housing and a safe and healthy community fostering dignity, respect and personal stability, and to advocate ending homelessness for women. As part of its mission, DWC is empowering women to discover talents and develop skills through vocational opportunities, which includes opportunities to sell their products through DWC’s Made by DWC program.
Loraine White, Executive Vice President of Grandpoint Bank, has served on the board of directors for the Downtown Women’s Center for 14 years. She was initially asked by a friend to join the board, and she was quickly moved by the meaningful mission and programs of the organization, which now serves as a model for ending homelessness throughout the country.
Loraine also served as chair of the DWC’s Cornerstone Committee, which oversaw the construction of a 71-unit, $35 million San Pedro Street residence. From conception to move-in, creating the San Pedro Street residence, the second residence building for DWC, was a five year process. DWC’s first residence building consists of 48 units on Los Angeles Street. The combined 119 units of housing makes DWC one of largest housing providers in the U.S.
“The opening of the San Pedro residence really made a difference in raising visibility and attracting support for the Downtown Women’s Center from individual donors and from companies,” said Loraine.
Loraine has also been involved with DWC’s annual Dinner With a Cause event, which, this year, attracted more than 500 guests, sponsors, donors, host committee members, volunteers and auction bidders and generated more than $800,000 for DWC.
Pictured: DWC Board President Gloria Teschner, Loraine, and DWC Board Member Patti Fischer
Funds raised for DWC support the 119-unit residence program, DWG’s Day Center Services for 200 women each day, providing 103,000 meals annually and providing case management, health/wellness and medical/mental health services for 15000 women per year.
On behalf of Lorain and Grandpoint Bank, we thank the talented and dedicated staff at Downtown Women’s Center and encourage anyone interested to get involved with this terrific organization – a wonderful group of people who are successfully addressing the serious problem of homelessness through empowerment and support.
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