- Ranked #1 among private companies with annual revenues over $100 million -
IRVINE, Calif. – October 15, 2012 – Opus Bank announced today that it ranked second on the Orange County Business Journal’s annual list of Orange County’s Fastest Growing Private Companies, with 1200% growth in total revenues for the two-year period ended June 30, 2012. Orange County is the home to more than 71,000 privately held companies and this year’s list ranked the top 154 companies with two-year revenue growth rates in excess of 15%. Additionally, Opus Bank ranked #1 among Orange County’s Fastest Growing Private Companies with annual revenues over $100 million.
Stephen H. Gordon, Chairman and Chief Executive Officer of Opus Bank, stated, “We take great pride in being recognized as one of Orange County’s most successful and fastest growing private companies this early in Opus Bank’s maturation. Two years ago, we set out with a lot of capital, a clean balance sheet, and a big vision, to grow Opus Bank, a relationship-based community bank, into a super-community bank providing relationship-based banking products, services, and solutions in all of the major metropolitan communities up and down the West Coast. Since September 30, 2010, Opus Bank has grown from $275 million in total assets and 5 banking offices, to over $2.4 billion in total assets and 57 banking offices in communities throughout Southern California, Northern California, and the Seattle/Puget Sound region in Washington.” Gordon added, “Opus Bank’s acute focus on banking small and mid-sized commercial businesses, entrepreneurs, real estate investors, and professionals, those with a vision to expand and grow, has propelled Opus Bank to be the fastest growing bank in the Western region and the largest bank headquartered in Orange County; the nation’s sixth largest county by population and home to many of the most entrepreneurial and innovative businesses in the United States.”
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 June 30, 2012. 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 operates 57 banking offices, including 34 banking offices in California and 23 in the Seattle/Puget Sound region in Washington. For additional information about Opus Bank, please visit our website: www.opusbank.com.
Mr. Stephen H. Gordon
Chairman & CEO
Mr. Jeff L. Leonard
SVP, Director of Communications
Telephone: (949) 250-9800
Facsimile: (949) 250-9988