May 23, 2013OPUS BANK SIGNS LEASE AGREEMENTS TO CONTINUE BANKING OFFICE EXPANSION IN CALIFORNIA
IRVINE, Calif. – May 23, 2013 – Opus Bank (the “Bank”) announced today that it has entered into lease agreements to open new banking offices in the cities of San Rafael, located in Marin County, and Rancho Santa Margarita, located in Orange County, California. The new banking offices, which represent the Bank’s second location in the San Francisco Bay Area and tenth location in Orange County, are a continuation of the Bank’s planned organic growth strategy, which includes the opening of de novo banking offices in major metropolitan communities up and down the West Coast.
Stephen H. Gordon, Chairman and Chief Executive Officer of Opus Bank stated, “The openings of the San Rafael and Rancho Santa Margarita banking offices continue our strategic expansion in the major metropolitan areas up and down the West Coast. The San Rafael banking office is our second banking office in the San Francisco Bay Area and will leverage off the success we are achieving with our Danville banking office, which opened in June 2012.” Gordon added, “Opus Bank’s presence in the Bay Area will further strengthen through the previously announced acquisition of four banking offices from California Bank & Trust, which includes a banking office in Pleasant Hill, and is expected to close in the third quarter of the year.” Gordon concluded, “As the largest bank headquartered in Orange County, I am pleased to be expanding our presence in South Orange County, with our new location in Rancho Santa Margarita opening later this year.”
Marin County, CA:
The new San Rafael banking office will be located at 998 Fourth Street, San Rafael, CA 94901, in the Rafael Town Center, adjacent to Courthouse Square, west of Lootens Place, and is scheduled to open in the third quarter of 2013.
Orange County, CA:
The new Rancho Santa Margarita banking office will be located at 31431 Santa Margarita Parkway, Rancho Santa Margarita, CA 92688, in the Mercado del Lago plaza adjacent to Lago Santa Margarita, at the intersection of Santa Margarita Parkway and Antonio Parkway, and is scheduled to open in the third quarter of 2013.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with $3.0 billion of total assets, $2.3 billion of total loans, and $2.1 billion in total deposits, as of March 31, 2013. Opus Bank provides high-value, relationship-based banking products, services, and solutions to its clients comprised of small and mid-sized commercial businesses, entrepreneurs, real estate investors, professionals, and consumers. Opus Bank offers a robust suite of treasury and cash management and depository solutions, and a wide range of loan products, including commercial and industrial, SBA, commercial real estate, multifamily residential, conforming and jumbo and single-family residential loans; and is an Equal Housing Lender. Opus Bank operates 52 banking offices, including 30 banking offices in California and 22 in the Seattle/Puget Sound region in Washington. For additional information about Opus Bank, please visit our website: www.opusbank.com. To learn more about how Opus Bank is backing businesses, please visit: www.opusbank.com/Spotlight
Mr. Stephen H. Gordon
Chairman & CEO
Mr. Jeff L. Leonard
SVP, Dir. of Corporate Strategy/Communications
Telephone: (949) 250-9800
Facsimile: (949) 250-9988
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