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Opus Bank Expands Healthcare Banking Team
[August 16, 2016]

Opus Bank Expands Healthcare Banking Team


Opus Bank ("Opus") (NASDAQ: OPB) announced today that Michael Kinnick has joined Opus as Managing Director, Healthcare Banking. Mr. Kinnick, an 11-year banking and finance veteran, is responsible for providing senior debt financing and banking solutions to hospitals, skilled nursing facilities, behavioral health centers, hospice centers, memory care facilities, 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, Head of Opus Bank's Healthcare Banking division, stated, "We are excited to welcome Michael to the team. He is a seasoned banking professional who brings a wealth of knowledge and a unique understanding of the healthcare sector." Schnell continued, "We anticipate that his contributions will be immediately impactful as we further expand Opus' national Healthcare Banking team, leveraging Michael's experience in the South and Midwest and executing on the long-term plan to strategically grow Opus to be viewed as the go-to bank for healthcare professionals, providers, practices, and sponsors seeking tailored banking products, services, and solutions."

Mr. Kinnick joins Opus Bank most recently from Regions Bank, where he served as Vice President - Relationship Manager in the Healthcare Banking Group and focused on healthcare provider clients across the South and Midwest. From 2009 to 2010, Mr. Kinnick served as a Commercial Loan Review Specialist at the FDIC. From 2007 to 2009, Mr. Kinnick served as a Relationship Manager, Associate Banker at National City Corporation, where he was responsible for developing and maintaining client relationships, portfolio administration, and asset review. From 2005 to 2007, Mr. Kinnick served in asset management and cost analysis roles at Ford Motor Company (News - Alert). From 1997 to 2003, Mr. Kinnick served in the United States Marine Corps and rose to the rank of Sergeant. Mr. Kinnick holds a B.A. in Finance from Eastern Michigan University and an M.B.A. from Belmont University.

Healthcare Banking at Opus Bank

Opus' Healthcare Banking division focuses on providing relationship-based financing and customized banking solutions to meet the particular needs of healthcare providers, practices, professionals, and sponsors. Opus' Healthcare Banking inancing programs focus on cash flow loans for acquisitions and refinancing, asset-based healthcare loans, healthcare-related real estate debt financing, working capital lines of credit, bridge loans, and syndication of multi-lender facilities.



About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $7.5 billion of total assets, $6.1 billion of total loans, and $6.2 billion in total deposits as of June 30, 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, media and entertainment, corporate finance, 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 over $12 billion of custodial assets and over 48,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers, and financial advisors. Opus Bank operates 57 banking offices, including 33 in California, 21 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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