IRVINE, Calif.--(BUSINESS WIRE)--Opus Bank (“Opus” or the “Bank”) (NASDAQ: OPB) announced today that Fabio Baum has joined Opus as Managing Director, Income Property Banking - Northern California Region. Mr. Baum, a 25-year banking and finance veteran, is responsible for further expanding Opus’ Income Property Banking client base in the markets of the San Francisco Bay Area and greater Sacramento.
Dan Borland, EVP, President of Commercial Real Estate Banking stated, “We are excited to have Fabio join Opus as we continue to grow our Commercial Real Estate Banking team in Northern California. He is a seasoned executive with a unique understanding of the region’s income property real estate market. We anticipate he will be a strong contributor to the continued growth and maturation of Opus as we expand and grow our overall banking presence in the region.” Borland concluded, “I look forward to Fabio expanding Opus’ impact as he joins Will Craun, who has served as Managing Director for Opus’ Income Property Banking division in the San Francisco Bay Area since May 2011.”
Mr. Baum joins Opus Bank most recently from Union Bank where he served as Vice President, Special Assets/REO. While at Union Bank, Mr. Baum managed a portfolio of large and complex distressed credits, including loans to REIT’s, funds, and private companies; negotiated loan restructurings; and managed litigation, receivership, foreclosure and dispositions. From 2006 through 2008, Mr. Baum served as a Vice President at KeyBank in their Private Equity Group originating mezzanine debt, equity investments, and high leverage whole loans, which were then marketed to FNMA/FHLMC, life companies, pension funds, banks, REITS, and other public and private investors. From 2002 to 2005, Mr. Baum served as a Vice President at Capri Capital/Charter Mac Mortgage Capital where he was responsible for originating debt and equity investments for institutional investors. Mr. Baum began his finance career in Chicago with CNA Insurance and Dai-Ichi Kangyo Bank, and has held finance and investment positions with real estate developers and investors. Mr. Baum is a Chartered Financial Analyst (CFA) and holds a Bachelor of Science in Finance from the University of Illinois and Master of Science in Real Estate Appraisal and Investment Analysis from the University of Wisconsin.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with over $4.3 billion of total assets, $3.4 billion of total loans, and $3.2 billion in total deposits as of June 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 60 banking offices, including two in the Phoenix metropolitan area of Arizona, 34 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.