IRVINE, Calif.--(BUSINESS WIRE)--Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Marsha Cameron has been appointed to Opus’ Board of Directors (the “Board”), effective April 13, 2018, and will serve as the Chair of the Board’s Compensation Committee and as a member of the Board of Directors’ Executive Committee. Ms. Cameron succeeds to the seat held by Curtis Glovier, who concurrently resigned from the Board, effective April 13, 2018. Mr. Glovier continues in his current roles as Chairman and Chief Executive Officer of PENSCO Trust Company (“PENSCO”), a wholly-owned subsidiary of Opus; Senior Executive Vice President, Head of Wealth Services, of Opus; and Senior Managing Director in the Merchant Banking division. Opus’ Board membership remains at nine.
Paul G. Greig, Chairman of the Board of Opus Bank, stated, “We are pleased Marsha Cameron has joined Opus’ Board of Directors. Marsha brings deep knowledge and a wealth of experience through her 20-plus years of providing compensation and human resources related advisory services to numerous Fortune 100 and Fortune 500 companies, as well as serving as a member of the board of directors of one of the country’s leading specialty providers of property and casualty insurance. We look forward to Marsha’s insight and anticipate that Opus will benefit greatly from her contributions.”
Stephen H. Gordon, Chief Executive Officer and President of Opus Bank, added, “Curtis Glovier has been an outstanding member of Opus Bank’s Board of Directors since the launch of Opus on September 30, 2010. On behalf of Opus Bank’s Board of Directors, executive and senior management teams, and all of our colleagues, I thank Curtis for his significant contributions as a founding board member and look forward to his continuing contributions as a member of Opus’ management Executive Committee and as head of PENSCO Trust Company, Opus’ leading alternative asset IRA custodian subsidiary.”
Ms. Cameron has over 30 years of experience in the areas of executive compensation program design, compensation market analysis, performance management, goal setting, and merger integration. Ms. Cameron co-founded Paradox Compensation Advisors in 2009 and continues to serve as Managing Partner. With 22 years of experience specific to compensation consulting, Ms. Cameron is a pioneer in the use of statistical analyses and technology in the compensation field, specializing in pay programs for both executive and broad-based employees. Ms. Cameron served as a member of the Board of Directors of State National Companies (“SNC”) from 2014 until its acquisition by Markel Corporation for approximately $915 million in November 2017. As a director of SNC, Ms. Cameron served on the board’s Nominating and Audit Committees and as Chair of the Compensation Committee. Prior to launching her successful consulting career in 2004, Ms. Cameron served in senior administration and human resources roles for TXU Energy; Aperian, Inc.; and GTE Corporation. From 1990 to 1995, Ms. Cameron served as Senior Consultant and Practice Leader for Watson Wyatt, now Willis Towers Watson, and in 1993 was promoted to Worldwide Practice Compensation Leader. Ms. Cameron began her career in 1984 with Towers Perrin. Ms. Cameron received a B.S. degree in Sociology from the University of California, Riverside and a M.S. in Sociology, with an emphasis in Statistics and Organizations from Columbia University, where she was a Paul F. Lazarsfeld Fellow. Ms. Cameron is a member of the Society of Human Resources Management (“SHRM”) and the National Association of Corporate Directors – North Texas, and past Chair of the Compensation Committee of the Dallas Symphony.
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.
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.