Opus Bank Further Expands Its Arizona Commercial Banking Team

Joshua Shade Joins as Managing Director, Senior Client Manager - Commercial Banking, Arizona Region

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus” or the “Bank”) (NASDAQ: OPB) announced today that Joshua Shade has joined Opus as Managing Director, Senior Client Manager – Commercial Banking, Arizona Region. Mr. Shade, a 17-year banking and finance veteran, is focused on expanding Opus’ commercial and corporate client base in the Phoenix metropolitan region.

Michael Allison, Co-President of Opus Bank and President of Opus’ Commercial Bank, stated, “We are excited to have Josh join Opus as we continue to grow our Commercial Banking team in Arizona. He is a seasoned banking professional with a unique understanding of Phoenix’s business climate. We anticipate that Josh will be a strong contributor to Opus’ continued growth and build upon the success we have already achieved in having provided approximately $300 million of debt financing in Arizona during the past two years to those entrepreneurs, business owners, and real estate investors executing their visions to expand and grow.”

Mr. Shade joins Opus Bank most recently from Bank of the West, where he served as Vice President, National Banking Division and focused on middle market and large corporate clients in the Phoenix metropolitan region. From 2009 through 2011, Mr. Shade served as Vice President, Commercial Banking with BBVA Compass Bank, where he focused on developing new relationships with middle market companies. From 2007 to 2009, Mr. Shade served as Vice President & Senior Relationship Manager, Business Banking with Wachovia Corporation and focused on developing new relationships with lower-middle market companies. Earlier in his career, Mr. Shade served in business development roles with JP Morgan Chase & Co. and Bank One Corporation both in the Phoenix metropolitan region and began his banking career in 1999 with National City Corporation in Cleveland, Ohio. Mr. Shade holds a B.A. in Economic Management from Ohio Wesleyan University, an M.B.A. from the Weatherhead School of Management at Case Western Reserve University, and completed the Global Leadership Certificate Program at the Thunderbird School of Management. Mr. Shade was a member of the Valley Leadership Institute’s Class XXIX and a volunteer with Big Brothers Big Sisters of Central Arizona.

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $6.9 billion of total assets, $5.8 billion of total loans, and $5.2 billion in total deposits as of March 31, 2016. 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, 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’s subsidiary, PENSCO Trust Company, is a leading tech-enabled alternative asset IRA custodian with approximately $11 billion of custodial assets and over 45,000 clients, which are comprised of self-directed investors, financial institutions, capital raisers, and financial advisors. 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. For additional information about Opus Bank, please visit our website: www.opusbank.com.

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.

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View source version on businesswire.com: http://www.businesswire.com/news/home/20160427005390/en/

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

Source: Opus Bank

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