Grandpoint

Grandpoint

A Southern-California based community bank focusing on the financial requirements of businesses and their owners, entrepreneurs, professionals, high-net-worth individuals, and financial institutions.

MidOcean was part of a private equity consortium that capitalized Grandpoint to take advantage of the substantial market dislocation in the commercial banking space in California. Through organic growth and acquisitions, Grandpoint’s mission is to be a leading business banking franchise serving businesses too large to be served by community banks and too small to be adequately served by major money center banks. Grandpoint’s strategic growth through acquisition plan produced 11 bank acquisitions during MidOcean’s investment.  MidOcean announced the sale of its interest in Grandpoint in February, 2018.

Strategic Growth Through Acquisition

Regents Bancshares

2012

Orange Community Bank

2011

First Vietnamese Bank

2010

Southern Arizona Community

2010

First Commerce Bancorp

2010

Bank of Tucson

2010

Website: www.ppbi.com
Investment Date: August 2010
Sector: Business Services
Status: Realized
Deal Lead: Elias Dokas