IRVINE, Calif.--(BUSINESS WIRE)--Opus Bank (“Opus”) (NASDAQ: OPB) announced today that it has been named the Official Bank of the Pac-12 Conference (“Pac-12”), the exclusive bank sponsor of the Pac-12, and sponsor of the Pac-12 Networks.
Opus’ partnership with the Pac-12 extends to the 20 championship games and tournaments in 12 NCAA Division I sports, including the Pac-12 Football Championship Game, Men’s and Women’s Basketball Tournaments; Men’s and Women’s Cross Country, Swimming, Diving, Tennis, Golf, Track & Field, and Rowing Championships; as well as the Pac-12 Men’s Wrestling Championships, and Women’s Gymnastics and Beach Volleyball Championships.
Stephen H. Gordon, Founding Chairman, Chief Executive Officer, and President of Opus Bank, stated, “We are thrilled to partner with the Pac-12 Conference and the Pac-12 Networks. As the Official Bank of the Pac-12, the premier athletic conference in the West, we’re pleased the Pac-12 selected Opus to manage its full financial and depository banking relationship.” Gordon added, “The PAC-12 has its strong university and student presence and loyal fan and alumni base in each of our major metropolitan markets up and down the West Coast. As such, we’re excited by the opportunity to bridge academics, athletics, community and business in all the markets Opus serves.”
The Pac-12 will integrate Opus Bank into its extensive digital and social media assets, including on Twitter, Facebook, Instagram, LinkedIn, and the Pac-12 website creating access to top plays of the week, and the #12Best countdown on Twitter and the Pac-12 Network’s Sunday Sports Report.
Nicknamed the "Conference of Champions," the Pac-12 has won more NCAA National Team Championships than any other conference in history. The three schools with the most NCAA team championships, UCLA, Stanford, and USC, belong to the Pac-12. Each of these three universities has earned over 100 Division I team championships.
About the Pac-12 Conference
Recognized as the 'Conference of Champions' for its unequaled NCAA Championships, the Pac-12 Conference comprises the 12 leading universities located in the Western United States: The University of Arizona, Arizona State University, the University of California-Berkeley, the University of California at Los Angeles (UCLA), the University of Colorado, the University of Oregon, Oregon State University, Stanford University, the University of Southern California, the University of Utah, the University of Washington and Washington State University. For more information on the Conference’s programs, member institutions, and Commissioner Larry Scott, go to www.pac-12.com/conference.
About Pac-12 Networks
Headquartered in San Francisco’s SOMA district, Pac-12 Networks is the content and multiplatform media company for the Pac-12 Conference, a leader in collegiate athletics that includes 12 of the most prestigious universities in the world. Pac-12 Networks was created in 2011 to develop and launch one national and six full-time native HD linear networks available to video programming operators, as well as a digital network dedicated solely to the Pac-12. The linear networks televise hundreds of live sporting events annually and provide 24/7 access to Pac-12 teams and universities. Pac-12 Digital encompasses the digital network, mobile, the university websites, social media and innovative digital initiatives across the company.
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 superior ideas and solutions, and banking products 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, LLC. 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 56 banking offices, including 32 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.
Source: Opus Bank