Opus Bank Further Expands Its Healthcare Banking Division

  Opus Bank Further Expands Its Healthcare Banking Division

   − Randall Boba Joins Opus Bank as First Vice President, Senior Portfolio
                                  Manager –

Business Wire

IRVINE, Calif. -- January 6, 2014

Opus Bank (“Opus” or the “Bank”) announced today that Randall “Randy” Boba has
joined Opus Bank’s Healthcare Banking division as First Vice President, Senior
Portfolio Manager/Underwriter. Mr. Boba will be responsible for the
structuring and underwriting of debt financing solutions provided to Opus’
Healthcare Banking clients and the ongoing portfolio management of those
credits and relationships.

Stephen H. Gordon, Chairman, Chief Executive Officer, and President of Opus
Bank stated, “We are pleased to welcome Randy Boba to Opus Bank. We anticipate
that his contributions will be immediately impactful as we continue to
meaningfully grow Opus’ Healthcare Banking division with the goal of becoming
the premier financial institution partner to those healthcare providers,
practices, and professionals who share our vision to expand and grow.”

Opus’ Healthcare Banking division focuses on providing relationship-based debt
financing and customized banking solutions to meet the particular needs of
dental, medical, veterinary, and ophthalmology healthcare professionals and
group practices for acquisitions and expansions, partner buy-ins and buy-outs,
equipment financing, and facilities acquisitions, improvements, and
relocations, as well as to meet the needs of providers including hospitals,
skilled nursing and assisted living facilities, hospice centers, memory care,
home health agencies, outpatient care centers, healthcare systems, medical
technology companies, laboratories, pharmaceutical companies,
healthcare-related manufacturing companies, and service providers to those in
the healthcare industry.

Donika Schnell and Evan Barker, Co-Heads of Opus Bank’s Healthcare Banking
division added, “Given the rapidly changing healthcare environment, industry
specific knowledge and experience is critically important. Opus’ Healthcare
Banking clients will directly benefit from the unique expertise that Randy has
developed in structuring and delivering tailored financial solutions and from
his diverse background in all aspects of healthcare banking including,
underwriting, portfolio management, and loan origination.”

Mr. Boba, a 22-year banking and finance veteran, joins Opus Bank most recently
from Wells Fargo Capital Finance (“Wells Fargo”), where he served as a Vice
President within its Healthcare group. From 2012 to 2013, Mr. Boba led the
underwriting process for Wells Fargo’s middle market healthcare banking
efforts, including the due diligence, documentation, and closing of both
asset-based and cash flow-based capital financing. From 2010 to 2012, Mr. Boba
served as a Director of White Oak Merchant Partners, where he focused on
providing debt financing to companies in the healthcare and energy industries.
From 2007 to 2009, Mr. Boba served as a Restructuring Officer for
CapitalSource Finance, where he managed a $100 million portfolio of troubled
and distressed senior and subordinated credits. Earlier in his career, Mr.
Boba served in similar positions with GE Capital Corporation – Global Sponsor
Finance, FINOVA Capital Corporation – Healthcare Finance, and First Source
Financial. Mr. Boba started his career within the Private Client Group of
Merrill Lynch.

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $3.5
billion of total assets, $2.6 billion of total loans, and $2.5 billion in
total deposits, as of September 30, 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 single-family
residential, and consumer loans; and is an Equal Housing Lender. Opus Bank
operates 60 banking offices, including two in the Phoenix metropolitan area of
Arizona, 34 banking offices in California, and 24 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
or
Mr. Jeff L. Leonard
SVP, Dir. of Corporate Strategy/Communications
Telephone: (949) 250-9800
Facsimile: (949) 250-9988
 
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