IRVINE, Calif.--(BUSINESS WIRE)--Opus Bank (“Opus” or the “Bank”) (Nasdaq: OPB) announced today that Paul Evans has joined Opus as Managing Director in the Bank’s Structured Finance division. Mr. Evans, a 31-year banking and finance veteran, is responsible for further expanding Opus’ Structured Finance client base in the major metropolitan markets in the Pacific Northwest, including the Seattle/Puget Sound region and Portland, Oregon / Vancouver, Washington area.
Dan Borland, EVP, President of Commercial Real Estate Banking stated, “We are pleased to welcome Paul as he joins Opus to help drive the continued growth of the Bank’s Structured Finance division. I’m confident that the expertise Paul has acquired during his 31-year banking and finance career will quickly add to the productivity and contribution of our Structured Finance division as it continues to grow in new loan origination volumes and client relationships.” Borland added, “We anticipate that his deep roots and success in the region and years of experience in loan origination, underwriting, and portfolio management, while providing advisory services and solutions to real estate investors, will be immediately accretive to Opus’ depth and reach in the Pacific Northwest region.”
Mr. Evans joins Opus most recently from TCG Capital Markets, where he originated over $500 million of market rate and affordable debt transactions through Fannie Mae, Freddie Mac, and the FHA. From 2009 to 2013, Mr. Evans served as Managing Director, and earlier as Director of Originations, for Dexia Real Estate Capital Markets where he restructured large debt deals and resolved more than $1 billion of nonperforming debt and REO and originated over 100 CMBS transactions with a combined value exceeding $1 billion. From 2002 through 2006, Mr. Evans served as Vice President at JPMorgan, where he originated CMBS transactions totaling more than $800 million. Earlier in his career, Mr. Evans served in business development positions with Mason-McDuffie/Lomas & Nettleton and Alliance Development Company. Mr. Evans holds a B.A. in Business from Washington State University and an M.B.A. in Finance from the University of Washington.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with over $4.7 billion of total assets, $3.7 billion of total loans, and $3.5 billion in total deposits as of September 30, 2014. 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 business, healthcare, technology, multifamily residential, commercial real estate, and structured finance, and is an SBA preferred lender. Opus Bank is an Equal Housing Lender. Opus Bank operates 58 banking offices, including two in the Phoenix metropolitan area of Arizona, 32 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.
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.