Opus Bank Announces Corporate Acquisition Financing Provided to Sentinel Offender Services, LLC

  Opus Bank Announces Corporate Acquisition Financing Provided to Sentinel
  Offender Services, LLC

Business Wire

IRVINE, Calif. -- October 01, 2012

Opus Bank (the “Bank”) announced today that it provided senior corporate
acquisition financing to Sentinel Offender Services, LLC (“Sentinel”), a
leading provider of services that aid local and state governments in
monitoring and managing offenders on probation or parole. The acquisition
financing provided to Sentinel was used for its acquisition of G4S Justice
Services, LLC, which was a wholly owned subsidiary of G4S, plc, the UK based
international security solutions group. The acquisition enabled Sentinel to
significantly grow their security business, nearly double their revenues, and
greatly enhance their earnings and valuation.

Stephen H. Gordon, Chairman and Chief Executive Officer of Opus Bank, stated,
“Over the past several years, banks have backed away from providing capital
funding to entrepreneurs and small and mid-sized businesses, including those
companies acquiring other companies, thereby creating a void where successful
and resilient entrepreneurs and businesses are left with few options. Opus
Bank sees this as an opportunity and is targeting this void by providing
capital funding to the entrepreneurs and business owners who have a vision to
expand and grow their companies.” Mr. Gordon added, “Consistent with our
unique approach to banking, we are supporting Sentinel with multiple Opus Bank
resources, including our Treasury Management and Payment Solutions division,
which is providing Sentinel with numerous automated payment channels for its
clients and an extensive suite of cash management products, services, and
solutions to service Sentinel’s offices across the country.” Mr. Gordon
concluded, “At Opus Bank, we understand the passion and dreams of
entrepreneurs and business owners; we share that dream. The infusion of
capital funding is a driving force for new jobs and rebuilding healthy, vital,
and vibrant communities.”

Bob Contestable, President of Sentinel, commented, “This is a transformational
acquisition for Sentinel, as well as the industry. Our acquisition of an
in-market competitor could not have been completed without the vision and
support of Opus Bank, a strong relationship-based bank that believes in and
understands entrepreneurial passion and spirit.”

The senior debt provided by Opus Bank was accompanied by mezzanine financing
provided by Bison Capital Asset Management, LLC.

Opus Bank was advised in this transaction by the law firm of Buchalter Nemer.
Sentinel was advised in this transaction by its financial advisors,
EuroConsult, Inc. and Squar, Milner, Peterson, Miranda & Williamson, LLP, and
its legal advisor, Freeman Freeman & Smiley, LLP.

About Opus Bank

Opus Bank, headquartered in Irvine, CA, is an FDIC insured
California-chartered commercial bank with $2.4 billion of total assets, $1.6
billion of total loans, and $1.8 billion in total deposits, as of June 30,
2012. Opus Bank provides high-value, relationship-based banking products and
exceptional service to its clients comprised of small and mid-sized commercial
businesses, entrepreneurs, real estate investors, professionals, and
consumers. Opus Bank offers a wide range of loan products, including
commercial and industrial, commercial real estate, multifamily residential,
conforming and jumbo single-family residential, and consumer loans; and is a
Small Business Administration (“SBA”) Preferred Lender. Opus Bank operates 57
banking offices, including 34 banking offices in California and 23 in the
Seattle/Puget Sound region in Washington. Opus Bank has announced plans to
open new banking offices in Gig Harbor, located in Pierce County, and Mount
Vernon, located in Skagit County, Washington. For additional information about
Opus Bank, please visit our website: www.opusbank.com.

About Sentinel Offender Services, LLC

Sentinel Offender Services, LLC is a leading provider of services that aid
local and state governments in monitoring and managing offenders on probation
or parole. Sentinel’s services are designed to pro-actively rehabilitate
low-level offenders, reduce cost and burden to the correctional system,
decrease the population of new entries to incarceration, and reduce overall
recidivism. Sentinel is headquartered in Irvine, CA, with offices throughout
the United States.


Opus Bank
Mr. Stephen H. Gordon
Chairman & CEO
Mr. Jeff L. Leonard
SVP, Director of Communications
Telephone: 949-250-9800
Facsimile: 949-250-9988
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