Category Archives: Awards

Leon Woods selected as Junior Achievement of SoCal Volunteer of the Year!

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(From l to r): Eric Carlson, JA Director of Development; Denise Palafox, Executive Assistant to the President; Leon Woods; Hasani Johnson, JA Finance Park Program Manager; Kat Delgado Kirkwood, JA Interim President & CEO

We are pleased to announce that Junior Achievement of Southern California selected Leon Woods, VP and portfolio manager in our L.A Region, as its 2017 Volunteer of the Year!  It is because of dedicated volunteers like Leon that Junior Achievement is able to fulfill its mission to help students understand the importance of managing their money, planning for their future, and becoming active leaders in their future careers and communities.

Last year, we wrote on our blog about the many volunteers from our bank who participated with 120 high school juniors and seniors of Lennox Academy as they made their way through Junior Achievement’s Finance Park program. With their “adult for a day” duties, we helped the students learn about the world of personal finance through simulation exercises involving financial concepts like banking, budgets, careers, credit, debt, interest rates, income, investments and taxes.

When Leon was honored at Junior Achievement of SoCal‘s Annual Meeting, the organization’s leadership noted Leon’s exceptional ability to engage with the kids at Finance Park and help them understand the empowering opportunity they had to learn about personal and business financial skills.

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(from l to r): Hasani Johnson, JA Finance Park Program Manager; Leon Woods; Monique Johnson, JA Board Member & Education Chairperson

“I feel like it’s a homerun,” says Leon, “if I get through to these kids so they can also extend what they’ve learned to their peers, their siblings and maybe even their parents.”

Congratulations, Leon, for your dedication in motivating and empowering young people to learn how to develop and own their economic success.

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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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Thirteenth Consecutive 5-Star “Superior” Rating From BauerFinancial for Grandpoint Bank and its Divisions

5starsep16We’re honored to share that Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received a thirteenth consecutive quarterly 5-Star “superior” rating from independent rating and research firm BauerFinancial,screen-shot-2016-09-13-at-11-07-51-am based on June 30, 2016 financial data filed with the government.

BauerFinancial, regarded as “the nation’s bank rating service,” gives the 5-Star rating only to banks that are considered the strongest in the nation, as assessed for strength, stability and soundness.

One of our core operating principles has always been to build long-term partnerships with our clients, so that our seasoned bankers can develop an in-depth understanding of their businesses and anticipate their needs. To our clients: Thank you for your trust, your support and your business.

According to BauerFinancial, to earn this highest rating level, institutions are required to maintain a tangible capital ratio of at least four percent, a tier 1 risk-based capital ratio of at least four percent and a total risk-based capital ratio of at least eight percent. Other criteria evaluated include: profitability/loss trend, evaluating 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.

Banks cannot pay to be rated nor opt out of being rated by BauerFinancial. Four- and five-star banks appear on BauerFinancial’s Recommended Report.

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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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CIO John Coleman Recognized by Los Angeles Business Journal

screen-shot-2016-09-16-at-11-21-45-amEarlier this summer, Grandpoint SVP & Chief Information Officer John Coleman was honored as one of a select group of nominees for the Los Angeles Business Journal’s Chief Technology Officer Awards at a dinner in Santa Monica. The nominees were also featured in the Business Journal.

John, who has managed the Bank’s information systems and technology since 2012, was praised for his technical knowledge as well as his ability to foresee emerging trends, balance risk with growth objectives, and communicate effectively with the Bank’s leadership.

“Not only has John done a great job helping us keep pace with new technologies, he’s also played a key role in addressing the evolving risks of cyber crime,” said Loraine White, EVP and Chief Administrative Officer at Grandpoint Bank. “His involvement in numerous IT and cyber security working groups and public-private collaborations has kept us on the forefront of these developing threats and built partnerships that have been very beneficial to our bank and our clients.”

His knowledge and expertise in this area have been especially valuable as the Bank has sought out new ways to help business clients thwart the risk of cyber crime. In June, the Bank announced the availability of a new Client Cyber Crime Insurance policy, offered exclusively to its business clients through Grandpoint Insurance Services, Inc., a non-bank insurance agency affiliate of Grandpoint Bank. The policy helps protect clients against monetary losses to their Grandpoint business accounts as a result of cyber deception and wire transfer fraud.

Given his wealth of knowledge about cyber security, we asked John to share some of his top tips:

  • Understand the basics of information security and apply them
  • Practice password management, which involves using complex passwords that are changed regularly
  • Make sure to keep computers up-to-date with antivirus software and patches
  • Use common sense
  • Once a business starts employing 10 or 20 people, appoint someone to be responsible for the management of the computer and security systems. Policies and procedures should be in place and known to all.
  • Backup information! Many businesses overlook this. Backed up information should be stored somewhere offsite and offline. It should be difficult to get into the backup copies.

John also recommends these sites as good sources of information about cybersecurity threats and best practices:

Additionally, the Department of Homeland Security has designated October as National Cyber Security Awareness month and provided some helpful resources here.↗

John is very active in the business and civic community on the topic of cyber crime. Through his involvement with ISSA↗ (Information Systems Security Association), John not only spoke at one of its events, he also formed relationships with financial and security professionals, including those from the FBI,↗ Los Angeles County District Attorney’s High Tech Crime Department↗ and the Secret Service’s↗ electronic crimes taskforce. The FBI subsequently reached out to John and Grandpoint Bank to help them host a nationwide gathering of their field office representatives at the Grandpoint offices to talk about cyber crime. (John was the only non-government participant invited to attend that day.) The two-day event also included a session for tech companies, financial institutions and other law enforcement regarding the hot topic of business email compromise.

John has also been active with the California Bankers Association’s annual Risk, Cybersecurity and Technology conference↗ by serving on the planning committee, helping to arrange speakers, providing opening remarks for the conference and moderating the Incident Response panel discussion. He also serves on the advisory board and on the executive council of Secure the Village,↗ a nonprofit organization dedicated to cyber security education and awareness for small and mid-sized businesses as well as nonprofits. He has also served as a speaker for one of Secure the Village’s roundtable events.

Well-deserved congratulations on your nomination for top Chief Technology Officer, John! You’re certainly ours!

For more information on the Client Cyber Crime Insurance, visit www.grandpointinsurance.com (California Insurance License #0K82434).

Insurance Products are:
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Insurance Products are offered through Grandpoint Insurance Services, Inc., a non-bank insurance agency affiliate of Grandpoint Bank, and facilitated through LBW Insurance & Financial Services, Inc., an unaffiliated insurance agency.

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↗ Linking 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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Twelfth Consecutive 5-Star “Superior” Rating for Grandpoint Bank and its Divisions

5-star-logo-MAR-2016Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received a twelfth consecutive quarterly 5-Star “superior” rating from independent rating and research firm BauerFinancial,↗ which is regarded as “the nation’s bank rating service.”

The five-star rating, which was based on March 31, 2016 financial data filed with the government, goes only to banks that are considered the strongest in the nation, as assessed for strength, stability and soundness.

According to BauerFinancial, to earn five stars, institutions are required to maintain a tangible capital ratio of at least four percent, a tier 1 risk-based capital ratio of at least four percent and a total risk-based capital ratio of at least eight percent. Other criteria evaluated include: profitability/loss trend, evaluating 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.

Banks cannot pay to be rated nor opt out of being rated by BauerFinancial. Four- and five-star banks appear on BauerFinancial’s Recommended Report.

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↗ Linking 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 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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↗ Linking 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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Ninth Consecutive Quarter of BauerFinancial 5-Star Rating for Grandpoint Bank and its Divisions

5starjun15We’re happy to report that Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received a ninth consecutive 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial↗. The five star rating, which was based on June 30, 2015 financial data, goes only to banks that are considered the strongest in the nation.

Government regulators refer thousands of individuals seeking information about banks and credit unions to BauerFinancial each year. BauerFinancial is regarded as “the nation’s bank rating service,” and banks cannot pay to be rated nor opt out of being rated. Ratings, which range from zero to five stars, are determined by a rigorous assessment of a bank’s capital strength, asset quality and profitability, using quarterly financial reports filed with the government by each bank, with historical comparison for consistency.

We’re pleased to provide one more assurance to our clients that we are a fiscally-sound financial institution, and we hope that our personal touch and community focus further enhance your banking experience.

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↗ Linking 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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Eighth Consecutive Quarter of BauerFinancial 5-Star Rating for Grandpoint Bank and its Divisions

5starjun15It means a lot to us to have our clients’ trust, and we work hard to maintain it. We know you want to have top-notch bankers and a rock-solid financial institution at your disposal, and on that note, we’re happy to share that Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received an eighth consecutive 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial.↗ The five star rating, which was based on March 31, 2015 financial data, goes only to banks that are considered the strongest in the nation.

BauerFinancial is regarded as “the nation’s bank rating service,” and banks cannot pay to be rated nor opt out of being rated. Ratings, which range from zero to five stars, are determined by a bank’s capital strength, asset quality and profitability, using quarterly financial reports filed with the government by each bank, with historical comparison for consistency.

First quarter results also earned Grandpoint and its divisions another A+ health rating from DepositAccounts.com,↗ an independent bank health monitoring publication covering banks for nearly a decade. Grandpoint has earned their A+ rating for 17 consecutive quarters.

DepositAccounts.com provides information about bank health free of charge to consumers. Using a proprietary algorithm, DepositAccounts.com’s ratings reflect the strength and stability of more than 14,000 financial institutions.

Thanks to all of our wonderful team members and clients who help make this possible.

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↗ Linking 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.

Grandpoint Bank and its Divisions Awarded BauerFinancial 5-Star Rating

Screen Shot 2015-04-18 at 3.49.54 PMGrandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received a 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial,↗ based on December 31, 2014, financial data. This is the seventh consecutive quarter Grandpoint has earned a 5-star rating, which BauerFinancial awards only to banks that are considered the strongest in the nation.

BauerFinancial is regarded as “the nation’s bank rating service,” and has been analyzing the performance of banks and credit unions since 1983. Ratings are determined by the bank’s capital strength, asset quality and profitability.

BauerFinancial’s analyses are made using quarterly financial reports filed with the government by each bank or credit union, with historical comparison for consistency. Its star-rating is assigned based upon a scale of zero to five stars. Banks cannot pay to be rated nor opt out of being rated.

Grandpoint and its divisions also received an A+ rating from DepositAccounts.com,↗ an independent bank health monitoring publication covering banks and bank deals for nearly a decade. This rating was also based on fourth quarter 2014 financial data.

DepositAccounts.com provides information about bank health free of charge to consumers. The company’s ratings are an indication of more than 14,000 banks’ and credit unions’ strength and stability based upon DepositAccounts.com’s proprietary algorithm.

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↗ Linking 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.

Top Honors for The Biltmore Bank of Arizona and Bank of Tucson

Grandpoint Bank would like to congratulate its divisions The Biltmore Bank of Arizona and Bank of Tucson for being ranked among the best banks in Arizona for 2015.

Ranking Arizona: The Best of Arizona Business has just named both banks in the top three banks to do business with in Arizona. We are especially proud that the honor comes from votes of the general public.

While helping so many wonderful companies achieve success is motivation enough, having the acknowledgement that our banking family’s efforts to go above and beyond are recognized and appreciated proves even more reason to love what we do. We will always be committed to bringing the best of community-focused banking to businesses throughout the great state of Arizona!

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From Rich Endicott, President, The Biltmore Bank of Arizona:

“We have a very basic philosophy: we communicate and respond quickly to the needs of our customers. When we do this we create an environment for our Bank and our clients to be successful. We believe that this is one reason our clients voted us the #1 bank seven of the past 10 years.”

From Michael Hannley, President, Bank of Tucson:

“We started the Bank 19 years ago with a staff of five, and we built it into one of the strongest community banks in Tucson by supporting local businesses. Our team is grateful for the recognition we’ve earned as one of the best banks in
Arizona for 2015.”

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