Opus Bank Announces Executive Promotions

  Opus Bank Announces Executive Promotions

                    − Michael Allison Named Co-President –
             − Don Royer Named Senior Executive Vice President –
               − Bob Granfelt Named SVP, Chief Credit Officer –

Business Wire

IRVINE, Calif. -- June 25, 2013

Opus Bank (“Opus” or the “Bank”) announced today that Michael Allison, who has
served as Opus’ Executive Vice President, Chief Credit Officer, and a member
of the Executive Committee since August 2011, has been promoted to
Co-President; Don Royer, General Counsel, has been promoted to Senior
Executive Vice President; and Bob Granfelt, Senior Regional Credit
Administrator for the Washington Region, has been promoted to Chief Credit
Officer.

Mr. Allison’s distinguished 30-year banking career is punctuated by senior
leadership positions focused on commercial business and real estate-related
credit, relationship-based corporate and commercial banking, loan asset
generation, and bank strategy. Mr. Allison previously served as Executive Vice
President and Chief Credit Officer at Cascade Bancorp and its bank subsidiary,
Bank of the Cascades, and was a member of the executive team that successfully
completed the $177 million recapitalization led by investors including WL Ross
& Co., Leonard Green & Partners, and Lightyear Capital. Earlier in his career,
Mr. Allison served as Executive Vice President, Head of Commercial Real Estate
Lending (“CREL”) at WaMu; and ultimately as WaMu’s Executive Vice President,
Deputy Chief Credit Officer, focused on credit related to the commercial
banking side of WaMu; comprised of all C&I, multifamily, and commercial real
estate banking across WaMu’s national platform. Previously, Mr. Allison held
senior positions with Seafirst Bank and Bank of America in Washington and
Oregon, with an emphasis on asset-based lending and commercial banking. Mr.
Allison began his career with BarclaysAmerican Business Credit and Walter
Heller Western, Inc., where he focused on secured commercial borrowing
relationships and factoring.

Stephen H. Gordon, founding Chairman, Chief Executive Officer, and President
of Opus Bank, stated, “Since joining Opus two years ago, Michael has
tirelessly displayed the depth and breadth of his experience and leadership in
the areas of credit, portfolio management, and strategic planning, and has had
a significant positive impact on the growth and maturation of Opus Bank,
driving an expanded and more sophisticated relationship-based approach as
we’ve grown all of Opus Bank’s lines of business. Michael’s extensive
experience in relationship-based commercial banking, corporate banking,
commercial finance, and commercial real estate banking, in national, regional,
and community-based financial institutions, gives him a unique and invaluable
perspective.” Gordon added, “The promotions of Don Royer and Bob Granfelt are
in recognition of the consistent leadership and direction they have provided
throughout the organization.” Gordon concluded, “As we mature up Opus Bank and
execute on the long-term plan to strategically grow the Bank from now over
$3.0 billion in total assets to becoming the dominant relationship-based
regional bank on the West Coast, it is critical that we efficiently scale
every area of the Bank, and leverage the depth, breadth, and strength of the
executive management team.”

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $3.0
billion of total assets, $2.3 billion of total loans, and $2.1 billion in
total deposits, as of March 31, 2013. Opus Bank provides high-value,
relationship-based banking products, services, and solutions to its clients
comprised of small and mid-sized commercial businesses, entrepreneurs, real
estate investors, professionals, and consumers. Opus Bank offers a robust
suite of treasury and cash management and depository solutions, and a wide
range of loan products, including commercial and industrial, SBA, commercial
real estate, multifamily residential, conforming and jumbo and single-family
residential loans; and is an Equal Housing Lender. Opus Bank operates 52
banking offices, including 30 banking offices in California and 22 in the
Seattle/Puget Sound region in Washington. For additional information about
Opus Bank, please visit our website: www.opusbank.com. To learn more about how
Opus Bank is backing businesses, please visit: www.opusbank.com/Spotlight.

Contact:

Opus Bank
Mr. Stephen H. Gordon
Chairman, CEO & President
or
Mr. Jeff L. Leonard
SVP, Dir. of Corporate Strategy/Communications
Telephone: 949-250-9800
Facsimile: 949-250-9988
 
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