IRVINE, Calif. – September 26, 2011 – Opus Bank announced today that it has
entered into five lease agreements to open new banking offices in Danville, located
in Contra Costa County; Long Beach, located in Los Angeles County; Laguna Niguel,
located in Orange County, Del Mar, located in San Diego County, California; and
Kirkland, located in King County, Washington. These new banking offices are part
of the organic phase of Opus Bank’s planned growth through the opening of de
novo banking offices in the major metropolitan areas of California and Washington.
In addition to these five new locations and the seven locations announced in the
second quarter of 2011, the bank has signed, or is in the process of negotiating,
letters of intent for eight additional banking offices in Southern California, the San
Francisco Bay Area, and the Seattle/Puget Sound metropolitan area.
Stephen H. Gordon, Chairman, Chief Executive Officer, and President of Opus
Bank stated, “As one of the best capitalized banks in the Western region, we are
continuing to strategically expand our network of banking offices in the major
metropolitan areas up and down the West Coast.” Gordon added, “While we
continue to commit significant amounts of capital funding to those small and mid-
sized commercial businesses, entrepreneurs, real estate investors, high-net-worth
individuals, professionals, and consumers who share our vision to expand and
grow, our team of bankers are offering high-value, relationship-based, banking
products and services up and down the West Coast, as well, to those wanting a true
relationship-based banking partner.” Gordon concluded, “We do not determine how
our clients choose to bank. Whether they choose to bank directly with a relationship
banker, online, or in a banking office, Opus Bank constantly provides high quality
banking products and services, and financial solutions delivered by our professional team of knowledgeable and experienced bankers and state of the art technology.”
Contra Costa County, CA:
The new Danville banking office will be located at 4020 Blackhawk Plaza Circle,
Danville, CA 94506, between Starbucks and Draeger’s Market in the Blackhawk
Plaza shopping center, and is scheduled to open in the first quarter of 2012.
Los Angeles County, CA:
The new Long Beach banking office will be located at 211 East Ocean Boulevard,
Long Beach, CA 90802, at the intersection of East Ocean Boulevard and North Waite
Court, and is scheduled to open in the fourth quarter of 2011.
Orange County, CA:
The new Laguna Niguel banking office will be located at 24050 Aliso Creek Road,
Laguna Niguel, CA 92677, at the intersection of Aliso Creek Road and La Paz Road,
and is scheduled to open in the first quarter of 2012.
San Diego County, CA:
The new Del Mar banking office will be located at 2650 Via De La Valle, Del Mar, CA
92014, at the intersection of Via De La Valle and San Andres Drive, and is scheduled
to open in the first quarter of 2012.
King County, WA:
The new Kirkland banking office will be located at 278 Central Way, Kirkland, WA
98033, at the intersection of Central Way and 3rd Street, and is scheduled to open in
the first quarter of 2012.
About Opus Bank
Opus Bank, headquartered in Irvine, CA, is an FDIC insured California-chartered commercial
bank with $2.2 billion of total assets, $1.1 billion of total loans, and $1.4 billion in total deposits
as of June 30, 2011. 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, high-net-worth individuals, professionals, and consumers.
Opus Bank offers a wide range of loan products, including commercial and industrial,
commercial real estate, multifamily residential, jumbo single-family residential, and consumer
loans; and is a Small Business Administration (“SBA”) Preferred Lender. Opus Bank currently
operates 29 banking offices, including 22 in the Seattle/Puget Sound region in Washington and
seven banking offices in Southern California. Opus Bank previously announced plans to open
new banking offices in Encino and West Los Angeles, located in Los Angeles County; Corona
del Mar and Irvine, located in Orange County; and La Jolla, located in San Diego County,
California. On June 6, 2011, Opus Bank announced that it entered into a definitive agreement to
acquire RMG Capital Corporation (“RMG”) and its bank subsidiary, Fullerton Community
Bank, FSB. Established in 1927, Fullerton Community Bank is a federally chartered savings
bank that operates eight full service banking offices in northern Orange County, California, and
has $640.3 million of total assets, $488.7 million of total deposits, and $521.9 million of total
loans, as of June 30, 2011. For additional information about Opus Bank, please visit our website: www.opusbank.com