Regents Bank N.A., a wholly owned subsidiary of Grandpoint Capital Inc., named Steven D. Sefton as CEO of the bank.
The appointment follows the promotion of former Regents CEO Dan C. Yates to president of Los Angeles-based Grandpoint Bank. Yates will continue to serve on the Regents Bank board of directors. Sefton, who joined Regents in May 2012 from Citizens Business Bank, retains his position as president. Thomas C. Young remains chairman of Regents Bank.
“Regents is in very good hands under Steve’s accomplished leadership,” Young said. “Since joining the bank last spring, Steve has played a strategic role in building the Regents banking franchise, and we are pleased that he has assumed expanded responsibilities on our executive management team. His experience and management skills are a tremendous asset to Regents.”
In November 2012, Regents Bank merged with Escondido-based California Community Bank. With the completion of the merger, Regents now operates seven banking offices in San Diego County and one in Vancouver, Wash. The combined banks have total assets of approximately $615 million.
Regents Bank specializes in serving small to mid-sized businesses by offering a brand of entrepreneurial banking consisting of consultative strategies and solutions that draw on decades of experience in serving business owners. Regents offers a full line of commercial business loans, real estate financing, an array of depository products, corporate cash management, international banking and private banking services.