| [April 28, 2016] |
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Opus Bank Expands Its Fiduciary Banking Team
Opus
Bank ("Opus") (NASDAQ: OPB) announced today the expansion of its
Fiduciary Banking division with Keira Rawlinson, a 14-year banking
veteran, joining as Director, Client Manager - Fiduciary Banking. Mrs.
Rawlinson is focused on expanding Opus' client base of attorneys,
trustees, associations, and companies serving as fiduciaries in the Los
Angeles metropolitan region, as well as developing 1031 Exchange
transaction opportunities for Opus' Exchange division, which serves as a
Qualified Intermediary for Section 1031 tax deferred like-kind exchanges.
Phil Petrozzi, SVP/SMD, Head of Commercial Depository Services stated,
"We're thrilled that Keira Rawlinson has joined the team here at Opus.
Her years of experience successfully serving as a Qualified Intermediary
will have an immediate impact on the growth and further maturation of
Opus' leading commercial escrow and exchange accommodator divisions."
Mr. Petrozzi concluded, "I am excited to be working with Keira again
following our years together building a substantial and stable
commercial deposit franchise at City National Bank and look forward to
her contributions as Opus continues to grow its client-centric core
deposit base, market presence and overall relationship-based commercial
banking franchise."
Mrs. Rawlinson joins Opus most recently from Citibank, N. A., where she
served as Vice President, 1031 Exchange/Financial Intermediaries
Relationship Manager and was responsible for developing 1031 Exchange
transaction opportunities and building client relationships with title
and escrow companies, property management firms, and insurance
companies. From 2002 to 2012, Mrs. Rawlinson served as Vice President,
1031 Exchange Officer at City National Bank, where she was responsible
for expanding client relationships with fiduciaries, such as attorneys,
title and escrow companies, and client advisors. Mrs. Rawlinson holds
the Certified Exchange Specialist (CES (News - Alert)®) designation and is a member of
the Federation of Exchange Accommodaors (FEA).
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 press release contains
"forward-looking statements." These forward-looking statements include
information, which is subject to change and subject to risks,
uncertainties and assumptions. 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 Bank 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/20160428005778/en/
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