Opus Bank Signs Lease Agreements to Open New Banking Offices in Seattle and Tacoma, Washington

EVERETT, Wash.--()--Opus Bank (the “Bank”) announced today that it has entered into lease agreements to open new banking offices in the cities of Seattle, located in King County, and Tacoma, located in Pierce County, Washington. The new banking offices are a continuation of the Bank’s planned organic growth, which includes the opening of de novo banking offices in major metropolitan markets up and down the West Coast.

Debbie McLeod, Executive Vice President, Retail Banking of Opus Bank, stated, “As the fastest growing, and one of the best capitalized banks in the Western region, we are continuing to strategically expand our network of banking offices in major metropolitan markets.” McLeod added, “Complementing our existing 22 locations in the Puget Sound region, these new offices will be Opus Bank’s first offices located in the core business districts of Seattle and Tacoma. The new offices will serve as hubs for our existing commercial business bankers, as well as those bankers we expect to add to meet the increasing demand for our commercial business products and services.” McLeod concluded, “We continue to commit significant amounts of capital funding to those small and mid-sized commercial businesses, entrepreneurs, real estate investors, and professionals, who share our vision to expand and grow. These businesses, entrepreneurs, and professionals have been an integral segment of our local communities, driving job growth and economic vitality.”

King County, WA:

The new Seattle banking office will be located at 1411 Fourth Street, Seattle, WA 98101, in the former Tully’s Coffee store at the intersection of Fourth Street and Union Street, and is scheduled to open in the third quarter of 2013.

Pierce County, WA:

The new Tacoma banking office will be located at 950 Pacific Avenue, Suite 150, Tacoma, WA 98402, in the Tacoma-Pierce County Chamber of Commerce building at the intersection of Pacific Avenue and 11th Street, and is scheduled to open in the third quarter of 2013.

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $2.9 billion of total assets, $2.2 billion of total loans, and $2.0 billion in total deposits, as of December 31, 2012. Opus Bank provides high-value, relationship-based banking products and exceptional service to its clients comprised of small and mid-sized commercial businesses, entrepreneurs, real estate investors, professionals, and consumers. Opus Bank offers a wide range of loan products, including commercial and industrial, commercial real estate, multifamily residential, conforming and jumbo single-family residential, and consumer loans; and is a Small Business Administration (“SBA”) Preferred Lender. Opus Bank operates 54 banking offices, including 32 banking offices in California and 22 in the Seattle/Puget Sound region in Washington. For additional information about Opus Bank, please visit our website: www.opusbank.com.

Contacts

Opus Bank
Ms. Debbie McLeod
EVP, Retail Banking
Everett, WA
Telephone: 425-259-7806
Facsimile: 425-259-8688
or
Mr. Jeff L. Leonard
SVP, Director of Communications
Irvine, CA
Telephone: 949-250-9800
Facsimile: 949-250-9988

Contacts

Opus Bank
Ms. Debbie McLeod
EVP, Retail Banking
Everett, WA
Telephone: 425-259-7806
Facsimile: 425-259-8688
or
Mr. Jeff L. Leonard
SVP, Director of Communications
Irvine, CA
Telephone: 949-250-9800
Facsimile: 949-250-9988