Tag Archives: biltmore bank

RichEndicott

Endicott Appointed President of Biltmore Bank

Biltmore Bank of Arizona, a division of Grandpoint Bank, announced Richard Endicott has been appointed president, following the retirement of long-time Biltmore Bank president Jeffrey P. Gaia. Endicott brings four decades of experience to the role, and has been a member of the Biltmore Bank management team since 2008, most recently as president of its Scottsdale Airpark location. As president of Biltmore Bank, Endicott will oversee both the strategic and tactical directions of the organization including diversified loan, deposit and business service lines as well as marketing and other customer services.

“We are grateful to Jeff for his decade of leadership to this organization, not to mention his friendship,” said Richard J. Lehmann, Founder and Chairman of The Biltmore Bank of Arizona. “As we wish him well in retirement, we are pleased to appoint Richard to his expanded role within our organization. He has been a critical member of our team, especially through the economic turmoil of recent years. Together, and through our partnership with Grandpoint Bank, we are proud to continue to serve the needs of Arizona’s small and medium-sized businesses through personalized service and state-of-the-art technologies.”

Endicott attended both Kansas University and Duke University, and he has been working in the banking industry since 1981, including serving more than 20 years as an executive with Deutsche Bank. He lives in north Scottsdale with his wife of 28 years, Patricia, and has four grown children.

gaia

Biltmore Bank Sponsors Start-Up Competition

Biltmore Bank of Arizona, a premier community bank headquartered in Arcadia along the Camelback Corridor that is focused on the needs of the small and medium-sized business, announced that it has joined Tallwave, a lean business accelerator and venture management firm also located in Scottsdale, for the first-ever “High Tide” Start-Up Competition.  High Tide is focused on commercializing new sustainable ventures in Arizona by bringing validated companies to willing and motivated capital sources.

“High Tide is the only startup competition in the Southwest, applying lean business and design validation principles to identify, develop and commercialize rapid-growth startups,” said Jeff Gaia, CEO and president of the Biltmore Bank of Arizona. “Through our sponsorship of this innovative program, we believe we can help connect the entrepreneurial ecosystem in Arizona as well as assist startups in becoming become viable, scalable and sustainable growth companies.”

Thus far in the competition, High Tide has selected and celebrated 20 companies throughout the Southwest to participate in its “Phase One: Validation” program, which examines viability of each venture. Six of these 20 companies have since been announced as finalists and have now moved to the “Phase Two: Acceleration” program, which assesses product-market fit and go-to-market commercialization.

The finalists – four of whom are from Arizona – are:
Convrrt from Chandler
Creative Allies from Santa Monica, California
GreenRx from Denver, Colorado
HiringSolved from Chandler
LocalWork.com from Phoenix
SaveOnCouriers.com from Phoenix

Each High Tide finalist will receive a cash grant of $15,000 for use in company operational expenses and an additional $35,000 in scholarships for either “Product Market Fit” or “Go To Market” services from Tallwave. There is no cost to entrepreneurs selected to participate in the High Tide program. For more information, visit www.TallwaveHighTide.com.

“As a High Tide sponsor, Biltmore Bank has visibility into Arizona’s most exciting and promising startup and early-stage ventures,” said Jeffrey Pruitt, Tallwave chairman and CEO. “Entrepreneurs need the help of community leaders such as Biltmore Bank and we applaud their support of the next captains of industry.”

Biltmore Bank - AZ Business Magazine May/June 2012

Father-Son Bank On Arizona Business

Family-built Biltmore Bank of Arizona has assets totaling more than $260 million

The Lehmann family has a lot of baggage.

“When I finished grad school back in 1969, I got two job offers,” says Richard J. Lehmann. “One was with Ford Motor Company; the other with Citibank.”

The banking gig, however, meant moving to Europe, which actually sealed the deal.

“I was lucky enough to study abroad — and bum around Europe — while still in school, and both my wife and I are always up for adventure,” Lehmann says.

Over the next seven years, Lehmann’s rapidly growing career took him from Hamburg to Düsseldorf to Frankfurt to Kronberg, where his youngest son, Greg, was born. With two young children and extended family a continent away, the Lehmann family moved back to the U.S. in 1977, with Lehmann still focusing on international banking.

“Talk about a commute,” Lehmann says.

But the move wouldn’t take, just yet, and the family was back on the move in 1985 when Lehmann packed their bags for London to take a position overseeing all Middle East, European and African clients for Citibank.

Arizona, however, would eventually come calling.

The family finally unpacked its bags in Arizona in 1988, when Lehmann became chairman and CEO of Valley National Bank.

But just as the elder Lehmann was unpacking his bags in the Valley, youngest son Greg was picking up and moving to Vermont to study anthology in college.

While there, just as his father did, Greg spent a semester studying overseas (Asia), where he would return after graduation to volunteer with the building of schoolhouses in the developing nation of Nepal. Motivated, but lonely living alone in a small Nepalese village, Greg moved to New York City in the 1990s and took a job in advertising with such brands as Mercedes Benz and MLB, and then one with an Internet company. He even helped re-brand the Cleveland Cavaliers when LeBron James was drafted.

By the early 2000s, with dad retired (and unretired) most recently from Bank One, where he worked as the bank’s president and COO, Greg was busy, too — getting married and starting a family in New York.

And then everything changed.

When Richard hosted his son’s family for Christmas in the early 2000s, he made a singular comment: “So, I am thinking of starting a bank.”

“Floored, my initial reaction was ‘Yeah sure, Dad.’ But as Christmas gave way to the New Year, I saw he was serious — and serious about recruiting me.”

By 2003, Richard and long-time colleague Jeffrey Gaia, with others, began planting the seeds for the Biltmore Bank of Arizona. After a lifetime of servicing some of the biggest businesses across the globe, Lehmann wanted to get personal.

“Truly understanding the needs of Arizona businesses and working with them face-to-face to ensure exceptional client service is our singular focus,” Richard says. “We wanted to be a part of each of our client’s growth — and the growth of the Arizona economy.”

Inspired, Greg packed his family’s bags and moved to the Valley for good in 2004, helping to launch the Biltmore Bank of Arizona with his father.

The father-son team proved a perfect fit. The Biltmore Bank now has two locations, 50 employees and assets totaling more than $260 million. They service hundreds of businesses in Arizona each day through customized loan solutions, SBA lending, treasury management, business checking, and online and mobile banking.

While other banks have closed in recent years due to the sagging economy, Biltmore has flourished, most recently receiving a cash infusion from Grandpoint Financial that will allow them to grow and invest with its current and prospective clients and consider possible acquisitions in the future.

“In order for us to support the continued growth, we need to have a strong balance sheet and a formidable capital position,” Richard says. “Arizona businesses will bounce back, and now we have the capital to help them.”

For more information on Biltmore Bank, visit Biltmore Bank’s website at biltmorebankaz.com.

Arizona Business Magazine May/June 2012