Grandpoint Bank, a wholly owned subsidiary of Grandpoint Capital Inc., named Dan C. Yates as president.
Yates was previously CEO of La Jolla-based Regents Bank N.A., which became a wholly owned subsidiary of Grandpoint Capital Inc. in January 2012. Yates was the founding president and CEO of Regents Bank when it opened in 2001. He will continue to serve on the Regents Bank board of directors.
“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 CEO 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 ourinternal 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,” Yates said. “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 Dec. 31, 2012, the bank had total assets of $909.7 million.