Grandpoint Bank

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  Grandpoint Bank was launched in June 2010, when its parent company, Grandpoint Capital, Inc., acquired Santa Ana Business Bank (Santa Ana, Calif.) with an initial $75-million capital investment. In November 2010, the bank acquired the banking operations of First Vietnamese American Bank, in Westminster, Calif., from the Federal Deposit Insurance Corporation. Also in November, the bank opened a new office in El Segundo, Calif. In December 2010, the bank merged with Encino, Calif.-based First Commerce Bank. Grandpoint Bank has banking offices in downtown Los Angeles, Brentwood, El Segundo, Encino, and Santa Ana, and a loan production office in Pasadena, California.