Grandpoint Bank Hires Scott Armstrong as Senior Vice President/Specialty Deposits Manager

Scott Armstrong has joined Grandpoint Bank as Senior Vice President/Specialty Deposits Manager. He works from Grandpoint’s Orange office.

Armstrong brings specialized expertise in the cash management needs of all specialty banking industries, including cities and municipalities, nonprofits, school districts, homeowner associations and property management companies, third party escrow arrangements, title and escrow, tenants in common, 1031/1035 trust accounts and interest on lawyer trust accounts (IOLTA).

“Scott has a reputation for alleviating cash management pain points for his specialty banking clients by formulating and executing creative systems and banking services,” said John Nixon, Executive Vice President and Regional Manager at Grandpoint Bank. “His extensive study of many different specialty banking sectors helps us build the wide range of services and expertise we offer to companies throughout Southern California.”

Armstrong previously served as Senior Vice President/Specialty Deposits Group Director at Community Bank in Pasadena and as Senior Vice President/Specialty Banking Group Director at CommerceWest Bank in Irvine. He has managed loan portfolios worth hundreds of millions of dollars as well as sizable deposit portfolios.

Armstrong serves on the board for Kidsworks, a nonprofit organization serving the educational and life guidance needs of youth in low- to moderate-income areas. He is a member of several industry trade groups, including the Community Associations Institute, Escrow Institute of California, California Apartment Association and Building Industry Association of Southern California. Formerly, he served as treasurer for Inland Valley Recovery Services and as a board member for Upland YMCA.