IRVINE, Calif. – April 4, 2012 – Opus Bank (the “Bank”) announced today that Miguel A. Serricchio has joined the Bank as Senior Managing Director, President of Treasury Management and Payment Solutions.

Mr. Serricchio, a 27-year banking veteran, joins the Bank most recently from East West Bank, where he served as Executive Vice President, Director of Treasury Management and Foreign Exchange. Earlier in his career, Mr. Serricchio served as an executive with Citigroup/Citibank N.A. where he led numerous divisions within their Commercial Banking Group, Global Consumer Group, U.S. Commercial Treasury Products Group, and Global Transaction Services. Mr. Serricchio also has extensive international experience, as Chief Operating Officer of Citibank’s Consumer Bank in Mexico and Head of its International Treasury Management Group in Argentina.

Stephen H. Gordon, Chairman and Chief Executive Officer of Opus Bank, stated, “We are excited to welcome Miguel as he joins Opus Bank to lead the growth in clients utilizing our Treasury Management and Payment Solutions division. Throughout his lengthy banking career, Miguel has successfully built and run treasury and cash management divisions for large and mid-sized multi-national financial institutions, most recently here in North America and earlier in his career in South and Central America.” Gordon added, “Opus Bank has already enjoyed a great deal of success in building banking relationships with clients needing treasury management and payment products and solutions, as is reflected in our recent success with the initial launch of Opus RE-ACH, Opus Bank’s suite of ACH services targeted to property management firms, title and escrow companies, real estate investors, and related businesses.” Gordon concluded, “I look forward to Miguel building upon our initial success and maturing our technology driven menu of treasury/cash management and payment solutions, as Opus Bank aspires to become a market leading provider for businesses, real estate investors, and fiduciaries in the Western region.”

For additional information about treasury management and payment products and solutions offered by Opus Bank’s, please visit our website: www.opusbank.com/treasury.html​.​

About Opus Bank

Opus Bank, headquartered in Irvine, CA, is an FDIC insured California-chartered commercial bank with $2.4 billion of total assets, $1.6 billion of total loans, and $1.8 billion in total deposits, as of December 31, 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, 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 currently operates 43 banking offices, including 23 in the Seattle/Puget Sound region in Washington and 20 banking offices in Southern California. Opus Bank has announced plans to open new banking offices in Danville, located in Contra Costa County; Long Beach and Pasadena, located in Los Angeles County; Del Mar, located in San Diego County, California; Gig Harbor, located in Pierce County; and Mount Vernon, located in Skagit County, Washington. For additional information about Opus Bank, please visit our website: .