Opus Bank Awarded 2015 Raymond James Community Bankers Cup

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Raymond James & Associates (“Raymond James”) has recognized Opus for the second consecutive year as a recipient of the Raymond James Community Bankers Cup, which is awarded annually to the top 10% of community banks based on various profitability, operational efficiency, and balance sheet metrics.

The fourth annual Raymond James Community Bankers Cup recognizes the top 30 performing community banks in the country with assets between $500 million and $10 billion as of December 31, 2015. Raymond James reviewed 301 banks and ranked them on a relative basis using the following measurements of financial performance and stability: nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets, and return on average tangible common equity. The 30 recipients of the 2015 award experienced superior industry stock price performance, as noted by Raymond James, far outperforming the banking sector as measured by the NASDAQ Bank Index.

Stephen H. Gordon, Founding Chairman, Chief Executive Officer and President of Opus Bank stated, “We’re honored that Opus was awarded the Raymond James Community Bankers Cup for a second year in a row. As the fastest growing bank in the Western United States and among the fastest growing in the country it is a compliment to everyone at Opus as we continue the hard work of building a highly profitable, high growth, sophisticated, super-regional bank doing business in major metropolitan markets up and down the West Coast.” Gordon added, “Opus’ leading growth and increasing profitability can be attributed to our success in partnering with small to mid-sized companies and corporations, entrepreneurs, real estate investors, professionals, and high-net-worth clients through our entrepreneurial, solution-based, and client-centric approach, and to our commitment to providing the capital funding, tailored solutions, and strategic advice necessary to enable their vision to expand and grow.”

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $6.6 billion of total assets, $5.5 billion of total loans, and $5.3 billion in total deposits as of December 31, 2015. Opus Bank provides high-value, relationship-based banking products, services, and solutions to its clients through its Retail Bank, Commercial Bank, Merchant Bank, and Correspondent Bank. Opus Bank offers a suite of treasury and cash management and depository solutions and a wide range of loan products, including commercial business, healthcare, technology, multifamily residential, commercial real estate, and structured finance, and is an SBA preferred lender. Opus Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Escrow and Exchange divisions. Opus Bank provides clients with financial and advisory services related to raising equity capital, targeted acquisition and divestiture strategies, general mergers and acquisitions, debt and equity financing, balance sheet restructuring, valuation, strategy, and performance improvement through its Merchant Banking division and its broker-dealer subsidiary, Opus Financial Partners. Opus Bank operates 58 client experience centers, including 33 in California, 22 in the Seattle/Puget Sound region in Washington, two in the Phoenix metropolitan area of Arizona, and one in Portland, Oregon. Opus Bank is an Equal Housing Lender.

Forward-Looking Statements

This release may include forward-looking statements related to Opus’ plans, beliefs and goals, which involve certain risks, and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The forward-looking information presented in this press release is not a guarantee of future events, and actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “intend” or “expect” or variations thereon or similar terminology. All such statements speak only as of the date made, and Opus undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Connect with Opus Bank

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View source version on businesswire.com: http://www.businesswire.com/news/home/20160323005380/en/

Opus Bank
Mr. Jeff L. Leonard, 949-251-8146
SVP, Dir. of Corporate Strategy/Communications

Source: Opus Bank

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