IRVINE, Calif.--(BUSINESS WIRE)--Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Alex San Andrés has joined Opus’ Merchant Banking division as Managing Director, Commercial Real Estate. Mr. San Andrés is responsible for providing equity capital solutions and advisory and execution services to commercial real-estate investors and their companies.
Stephen H. Gordon, Chairman, Chief Executive Officer and President of Opus Bank, stated, “The addition of Alex to our Merchant Banking division enables Opus to integrate our Income Property Banking focus with complimentary investment banking expertise, better positioning Opus to provide a comprehensive and customized financial and strategic solution to those owners of multifamily and other commercial real estate properties.” Gordon continued, “Opus’ Income Property Banking division has experienced considerable success providing senior debt solutions to its relationship-based clients who invest in, own, and operate multifamily and other commercial real estate assets in major metropolitan markets up and down the West Coast. The addition of Alex to Opus’ Merchant Bank will now enable us to provide equity and other strategic advisory and execution services to our Income Property Banking clients.”
Dale Cheney, Senior Managing Director, Head of the Merchant Banking division, added, “Alex is a highly talented and experienced commercial real estate-focused investment banking professional whose background is well aligned with our Income Property Banking clients’ strategic needs. We look forward to Alex partnering with Opus’ leading Income Property Banking division and its multifamily banking team to provide the equity and other advisory services our clients need to achieve greater scale.”
Mr. San Andrés joins Opus’ Merchant Banking division most recently from Lowe Enterprises (“Lowe”), a Los Angeles based real estate development and investment firm where he served as Senior Acquisitions Officer. Mr. San Andrés was responsible for deal sourcing, underwriting, market analysis, market positioning, and sourcing debt and equity capital for Lowe’s commercial real estate projects on the West Coast, as well as in the Denver metropolitan market. From 2011 to 2014, Mr. San Andrés served as Director of Development and Acquisitions for Foulger-Pratt Companies, where he sourced deals, lead redevelopment efforts on 1,100 multifamily units, and secured entitlements for multifamily, residential, retail, flex office, and industrial projects on the East Coast. From 2010 to 2011, Mr. San Andrés served as Development Manager for The JBG Companies, a real estate focused private equity firm operating in Maryland and Northern Virginia. Earlier in his career, Mr. San Andrés served as an architect with AECOM. Mr. San Andrés holds a Bachelor of Arts degree from Oberlin College, Master of Architecture degree from the Southern California Institute of Architecture, and Master of Business Administration degree from the University of Virginia’s Darden Graduate School of Business.
About Opus Bank’s Merchant Banking Division
Opus Bank’s Merchant Banking Division is an integrated principal investing and financial advisory platform that provides a broad range of direct investment and advisory solutions to lower middle-market companies. The Merchant Banking Division includes Opus Equity Partners, LLC, the advisor to the Opus Bank-sponsored private equity SBIC Fund that provides growth capital to successful and dynamic companies in need of a capital solution beyond what is customarily available from traditional bank sources. The Merchant Banking Division also includes both Opus Financial Partners, LLC, Opus Bank’s wholly-owned registered broker-dealer, and an investment banking group that provide advisory solutions to lower middle-market companies for mergers & acquisitions, leveraged buy-outs, growth equity capital, junior and senior debt, recapitalizations, and other broad transactional support to assist companies in their business development efforts.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with $8.0 billion of total assets, $5.4 billion of total loans, and $6.7 billion in total deposits as of March 31, 2017. 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, Member FINRA/SIPC. Opus Bank’s alternative asset IRA custodian subsidiary has over $13 billion of custodial assets and approximately 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 at: www.opusbank.com.
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.