Monthly Archives: March 2016

Jay Narayan Helped Our Clients Take Flight

narayan_jayEvery company that has been lucky and successful enough to achieve some longevity is truly powered not by its logo, not by its advertising and not by its products, but by its people.

When our Senior Vice President and Portfolio Manager Jay Narayan announced his retirement after 20 years with our bank (and one of our predecessor banks), we wanted to make sure to honor the great work he did for us and for our clients. This line of thinking brought us to the realization that we have three other Grandpoint Team members who have been with us for 20 years or more as well. Each one has played an important role in our company’s success.

Over the next few months, we plan to spotlight all of them on our blog. But before we shine the light on Jan, Aida and Jewel, we want to celebrate Jay by sharing with you some of the wonderful stories from his Grandpoint career that illustrate just how far he has been willing to go for our clients and friends.

For starters, Jay is no stranger to LAX, but not just for obvious reasons. While he may enjoy traveling from time to time, he unexpectedly found himself at the airport more than once to help people. When a previous bank board member realized he had arrived at the airport for a flight without his wallet, Jay drove to LAX to make sure he could board the flight. So impressed by Jay’s above-and-beyond service, the director soon referred several clients to Jay.

Jay found himself back at the airport when one of his clients ran out of time to sign loan documents before an international flight. Rather than see his client risk or delay the loan, Jay stood in airport lines with him to get all the loan documents signed, page by page. By the time Jay’s client was presenting his passport, the loan was ready to process.

Jay had no qualms about meeting his clients at the airport, at their homes or on national holidays to get their loans delivered quickly and efficiently.

Jay spent his 40-year banking career in Los Angeles, mostly between downtown, Brentwood and Beverly Hills. When asked what he’ll miss most after he retires, Jay says, “my clients, my clients and my clients,” adding that many have become like family to him.

For those just starting a banking career, or any career, Jay advises them to work hard, to really dedicate themselves to serving clients, to take pride in everything they do and to make sure they love their job. We think this philosophy worked out pretty well for Jay, very well for Grandpoint Bank and exceptionally well for Jay’s clients.

Jay, your work has made such a difference in so many lives and the success of so many businesses, including ours. Thank you, and we’ll miss you. Happy retirement!

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Beacon Economics: The Economic Outlook

Screen Shot 2015-06-05 at 2.24.22 PMRecently, Dr. Christopher Thornberg of Beacon Economics shared his 2016 economic forecast with us, taking a look back at past trends and addressing the outlook for the global, national and California economic markets.  The presentation, which includes detailed information that we hope will be useful to you and your business as you plan for the future, is now available here.↗

Dr. Thornberg is widely considered to be one of the nation’s leading economists. An expert in economic forecasting, regional economics, labor markets, economic policy and real estate analysis, he was one of the earliest and most adamant predictors of the subprime mortgage market crash that began in 2007. Prior to launching Beacon Economics, Dr. Thornberg was a senior economist with UCLA’s Anderson Forecast. Learn more about Beacon Economics here.↗

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Grandpoint Bank Hires Two Accomplished Southern California Bankers

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Donald (Don) Solsby and Moheb (Mo) Helmy have joined Grandpoint Bank. Both will serve as Senior Vice President & Senior Relationship Manager in the bank’s Orange office, located on Katella Avenue.

Don has approximately 40 years of banking experience in Southern California. Recently he served as Senior Vice President, Director of Business Banking at Independence Bank in Newport Beach. He earned his degree in real estate finance from San Diego State University.

Don is a member of the Newport Harbor Yacht Club and is treasurer and board member of the Cystinosis Research Foundation.↗

Mo has over 17 years of banking experience in the Southern California market and most recently served as Vice President of Community Bank in Irvine. He studied at Santa Monica College and completed Omega Loan and Sales training as well as California Independent Bankers’ Financial Analysis Training.

Recently, Mo spent three years on the board of Olive Crest↗ and remains involved with the organization. He is also active with his church, serving on the board for its annual festival.

Both bankers will be responsible for building and expanding client relationships and providing a broad range of commercial banking services, as well as promoting the bank’s visibility within the community.

“We are pleased to welcome these distinguished bankers to Grandpoint,” said John Nixon, Executive Vice President and Regional Manager. “Both of these gentlemen have a deep understanding of the local market and have demonstrated the exceptional customer service we value at Grandpoint Bank.”

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Grandpoint Bank and its Divisions Earn Eleventh Consecutive 5-Star Rating From BauerFinancial

5starjan16.gifWe’re pleased to share that Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received an eleventh consecutive quarterly 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial.↗

The five star rating, which was based on December 31, 2015 financial data filed with the government, goes only to banks that are considered the strongest in the nation.

We would like to thank all our clients and partners who help to motivate and inspire us. It is always our goal to be responsive and helpful, and we very much value the relationships we form. We appreciate your business, and we are honored that through our work serving you and our community, we received BauerFinancial’s highest rating.

According to BauerFinancial, institutions are evaluated on criteria, including capital ratios, profitability/loss trend, the level of delinquent loans and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA) and liquidity.

BauerFinancial is regarded as “the nation’s bank rating service,” and banks cannot pay to be rated nor opt out of being rated.

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