Opus Bank Expands Its Southern California Commercial Banking Team

- Jim Strickland Joins as Senior Managing Director -

IRVINE, Calif.--()--Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Jim Strickland has joined Opus as Senior Managing Director – Commercial Banking. Mr. Strickland, a 29-year banking veteran, is responsible for expanding Opus’ commercial and corporate client base in the San Fernando Valley and Santa Clarita Valley regions of Los Angeles County.

Jim Haney, Executive Vice President, Head of Commercial Banking, stated, “We are proud to have Jim join Opus’ Commercial Banking team to expand our Southern California Commercial Banking client coverage into the San Fernando Valley and Santa Clarita Valley regions. Jim is a deeply experienced banker with a long history of considerable success in these markets, providing strategic advice and tailored relationship-based commercial banking and treasury management products, services, and solutions to middle market companies, entrepreneurs, and business owners.” Mr. Haney added, “We look forward to Jim’s contribution as Opus continues to grow its relationship-based commercial client base in the major metropolitan markets up and down the West Coast.”

Mr. Strickland joins Opus Bank most recently from City National Bank (“CNB”), a subsidiary of Royal Bank of Canada (“RBC”), where he served as Senior Vice President and Relationship Manager – Commercial Banking since 2015. While at City National Bank, Mr. Strickland was responsible for developing and maintaining a portfolio of middle market commercial clients in the San Fernando Valley and Santa Clarita Valley regions of Los Angeles County. From 2010 to 2015, Mr. Strickland served as Senior Vice President, Business Banking at Citibank, where he provided tailored relationship-based commercial banking and treasury management products, services, and solutions to middle market companies. From 2003 to 2010, Mr. Strickland served at U.S. Bank, where he led a team responsible for growing commercial banking loan production in the San Fernando and Santa Clarita Valleys. Mr. Strickland began his career in 1989 with Security Pacific Bank.

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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $7.5 billion of total assets, $5.2 billion of total loans, and $5.9 billion in total deposits as of December 31, 2017. Opus Bank provides superior ideas and solutions, and banking products to its clients through its Retail Bank, Commercial Bank, and Merchant 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 $16 billion of custodial assets and over 50,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank operates 50 banking offices, including 31 in California, 16 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.

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.

Contacts

Opus Bank
Mr. Jeff L. Leonard
SVP, Dir. of Corporate Strategy/Communications
949-251-8146

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Contacts

Opus Bank
Mr. Jeff L. Leonard
SVP, Dir. of Corporate Strategy/Communications
949-251-8146