Monthly Archives: March 2017

We’re celebrating 15 consecutive 5-Star ratings from BauerFinancial

march bauerIndependent rating and research firm BauerFinancialscreen-shot-2016-09-13-at-11-07-51-am has released its March 2017 bank ratings, giving Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, a fifteenth consecutive quarterly 5-Star rating for strength, stability and soundness.

Based on December 31, 2016 financial data filed with the government, only banks BauerFinancial considers to be the strongest in the nation earn the 5-Star rating. Four- and five-star banks appear on BauerFinancial’s Recommended Report.

BauerFinancial has rated banks since 1983 and is regarded as “the nation’s bank rating service.” Banks cannot pay to be rated nor opt out of being rated.

Criteria for earning the 5-Star rating include the strength of the institution’s capital ratios, profitability/loss trends, 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.

Thank you to all our wonderful clients for your business and your trust. We’re a 5-Star bank because we work with 5-Star clients.

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screen-shot-2016-09-13-at-11-07-51-amLinking to Non-Grandpoint Bank Websites
This icon appears next to every link that directs to a third party website not affiliated with Grandpoint Bank. Please be advised that if you click this link you will be taken to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Grandpoint Bank. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. Grandpoint Bank assumes no liability for the content, information, security, policies or transactions provided by these other sites.

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Grandpoint Bank Makes $500,000 Equity Investment in Clearinghouse CDFI

Clearinghouse CDFI

As a community-focused bank, we are committed to helping build strong, stable businesses that create jobs, provide services and support healthy communities. In keeping with that mission, Grandpoint Bank has made a $500,000 equity investment in the Clearinghouse Community Development Financial Institution (Clearinghouse CDFIscreen-shot-2016-09-13-at-11-07-51-am). This investment will help Clearinghouse CDFI continue to provide community development lending in underserved communities in Southern California and Arizona.

“CDFI has the expertise and experience to identify critical needs in low-income and distressed communities and to create responsive and innovative solutions that make a real difference in people’s lives,” says Darlene Esquerra, Senior Vice President and Community Development Officer. “This relationship made perfect sense for Grandpoint, since Clearinghouse CDFI offers economic opportunities in so many of the same markets that we serve. Our investment will benefit these communities while supporting our overall community outreach program.”

Grandpoint Bank and 49 other financial institutions are “impact partners” whose investments increase Clearinghouse CDFI’s capacity to continue meeting unmet credit needs. At September 30, 2016, the institution had total assets of $339 million under management.

“We are thrilled to welcome Grandpoint Bank to our list of strong community partners,” said Douglas Bystry, Clearinghouse CDFI President and CEO. “We appreciate their significant investment in Clearinghouse CDFI and their mutual commitment to revitalizing our local communities.”

Over the course of 20 years, Clearinghouse CDFI has funded $1.4 billion in loans for over 1,780 projects, which have created or retained more than 16,000 jobs and benefit over 1.4 million individuals.

“This partnership is exciting, and it is a perfect fit with our bank’s community reinvestment act (CRA) strategy to give back to our communities in ways that are truly meaningful,” says Cynthia Mendoza, Senior Vice President and Compliance & CRA Officer.

Recipients of Clearinghouse CDFI financing include community facilities, affordable housing, commercial real estate, and small businesses. Additionally, Clearinghouse CDFI is one of largest participants in the New Market Tax Credit (NMTC) Program, with over $473 million of NMTC allocation deployed throughout California and Nevada. The NMTC Program helps economically distressed communities attract private capital by providing a Federal tax credit to investors.

Visit the Clearinghouse CDFI website here.screen-shot-2016-09-13-at-11-07-51-am

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screen-shot-2016-09-13-at-11-07-51-amLinking to Non-Grandpoint Bank Websites
This icon appears next to every link that directs to a third party website not affiliated with Grandpoint Bank. Please be advised that if you click this link you will be taken to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Grandpoint Bank. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. Grandpoint Bank assumes no liability for the content, information, security, policies or transactions provided by these other sites.

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