LOS ANGELES--(BUSINESS WIRE)--Grandpoint Bank, a wholly owned subsidiary of Grandpoint Capital, Inc., announced today that Dan C. Yates has been named president of the Bank. Yates was previously chief executive officer of La Jolla, Calif.-based Regents Bank, N.A., which became a wholly owned subsidiary of Grandpoint Capital, Inc., in January 2012. Yates was the founding president and chief executive officer of Regents Bank when it opened in 2001. He will continue to serve on the Regents Bank board of directors.
“We are fortunate to have his leadership on the frontlines of Grandpoint Bank, where he will be responsible for driving our internal growth and developing new product strategies.”
“Dan is a very knowledgeable banker and one of the most successful sales and business development experts in our business. Through the years, he has cultivated a unique approach to banking that is tailored to the needs of the clients Grandpoint serves,” said Don M. Griffith, chairman and chief executive officer of Grandpoint Capital and Grandpoint Bank. “We are fortunate to have his leadership on the frontlines of Grandpoint Bank, where he will be responsible for driving our internal growth and developing new product strategies.” Yates’ former role at Regents Bank has been assumed by Regents President Steven D. Sefton.
“The opportunity to help lead one of the fastest growing banks in southern California is exciting,” said Yates. “Combining that momentum with a client service model built on consultative strategies, we will continue to build our presence in key markets in Los Angeles and Orange counties and deepen our client relationships.”
Grandpoint Bank has banking offices in downtown Los Angeles, Brentwood, El Segundo, Encino, Anaheim, Irvine and Orange. At December 31, 2012, the Bank had total assets of $909.7 million. More information about Grandpoint Bank may be obtained by visiting www.grandpointbank.com.