Grandpoint Bank added a law firm specialty practice to its commercial banking services.
President Rocky Laverty said that the Los Angeles-based bank developed a suite of credit products and deposit services geared specifically to cater to the needs of law firms and their attorneys.
The Grandpoint Capital Inc. unit's specialty deposits group, headed by Scott Armstrong, offers comprehensive third-party escrow services for legal settlements, M&A transactions, licensing transactions, and capital raises, among others. The bank also offers financial solutions to law firms including working capital, partner buy-in and buy-out loans, and commercial real estate loans to help purchase office space.
