Grandpoint Bank, a wholly owned subsidiary of Grandpoint Capital, Inc., announced today that Roger M. “Rocky” Laverty has been named President of the Bank. Laverty, a member of the Bank’s board of directors since its inception in 2010, has a distinguished business career, most recently serving as President and Chief Executive Officer of Farmer Bros. Co. He is also the former President and CEO of Smart & Final, Inc., and Diedrich Coffee, Inc., and he was a founding member and Chairman and CEO of Prime Advantage, Inc.

“Rocky is a remarkable businessman, and we are fortunate to have his leadership in guiding the Bank’s growth across all of our markets,” says Don M. Griffith, Chairman and CEO of Grandpoint Capital, Inc., and Grandpoint Bank. “I’ve known Rocky for years, and his business acumen, his ability to identify and cultivate strategic growth opportunities, and his track record of building successful businesses will be a tremendous benefit to Grandpoint.”

“I’ve had the opportunity to be part of the Bank’s growth as a member of the board,” says Laverty. “It is now exciting to be on the frontlines, working with an exceptionally talented group of regional executives and their teams. I’m looking forward to contributing the experience I’ve garnered over the course of my career to support the Bank’s internal growth and develop new product strategies.” Laverty will remain on the Bank’s board of directors.

Grandpoint serves clients through six Grandpoint Bank branches in Los Angeles and Orange counties. The Bank also has three divisions: Regents Bank, which has four offices in San Diego County and one in Vancouver, Wash.; Bank of Tucson, with two offices in Tucson, Ariz.; and The Biltmore Bank of Arizona with an office in Phoenix, Ariz.

In December 2016, Grandpoint Bank received a superior 5-star rating from independent rating and research firm BauerFinancial for the fourteenth consecutive quarter. The latest rating was based on September 30, 2016, financial data. The 5-star rating, for strength, stability and soundness, is only awarded to the nation’s strongest banks.