IRVINE, Calif.--(BUSINESS WIRE)--Opus Bank (“Opus”) (Nasdaq: OPB) announced today that it has opened its first client experience center in the State of Oregon, in the City of Portland. The Portland client experience center will support new and existing clients of Opus’ Commercial Banking, Income Property Banking, Technology Banking, Healthcare Banking, Structured Finance, Fiduciary Banking, and Merchant Banking divisions.
The new Portland client experience center is located at 525 SW Broadway, Portland, Oregon 97205 in downtown Portland between Alder Street and Washington Street.
Stephen H. Gordon, Chairman, CEO & President of Opus Bank, stated, “Opus has over $5.8 billion of total assets, approximately 650 bankers and 58 banking offices, of which 150 bankers and 23 banking offices are located in the Pacific Northwest. Opus’ size, footprint and bankers provide the depth, breadth, and financial strength necessary to support our client’s needs while still maintaining our relationship-based, client-centric, banking culture.” Gordon added, “We are committed to delivering tailored loan, depository, and treasury/cash management products, services, and solutions with an entrepreneurial approach to those with the vision and ability to expand and grow, and as such, Opus has already lent over $140 million to those executing on their plans in the State of Oregon.” Gordon concluded, “As we continue to serve as trusted advisors and deliver tailored solutions to entrepreneurs and business owners, we look forward to bringing the full force of Opus to foster job creation and economic growth in Oregon.”
The Opus team in Portland is locally led by highly seasoned and experienced bankers who have deep roots in the Portland, Oregon and Vancouver, Washington metropolitan area including: Grant Word, a 25-year banking veteran based in Portland for the majority of his career, who serves as Senior Managing Director – Head of Commercial Banking for Opus’ Pacific Northwest Region; Bill Jones, a 36-year banking veteran based in the Portland Market throughout his career, who serves as Director, Client Manager – Commercial Banking; Kevin Geraci, a 20-year banking and finance veteran based in the Portland market for the past 14 years, who serves as Managing Director, Income Property Banking, Pacific Northwest Region; and Jeremy Cowan, 13-year banking veteran based in Portland for the majority of his career, who serves as Vice President, Client Experience Center Manager and will lead the retail banking team at the new Portland client experience center.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with over $5.8 billion of total assets, $4.6 billion of total loans, and $4.6 billion in total deposits as of June 30, 2015. 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 offers commercial escrow services and facilitates 1031 Exchange transactions through its Commerce Escrow Company and RPM Investments 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 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. For additional information about Opus Bank, please visit our website: www.opusbank.com. Opus Bank is an Equal Housing Lender.
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.
