IRVINE, Calif. – June 11, 2013 – Opus Bank (the “Bank”) announced today that it has provided capital financing to Nekter Juice Bar Inc. (“Nekter”) of Newport Beach, California to restructure existing debt and for working capital purposes. The financing solution provided by Opus Bank will support Nekter’s growth plan, which includes opening an additional 12 juice bars by the end of the third quarter of 2013, expanding into Northern California and Arizona during the second half of 2013, and launching in Florida and other areas on the East Coast in 2014.
Stephen H. Gordon, Chairman and Chief Executive Officer of Opus Bank, stated, “Nekter, the leading vegan juice bar in Southern California, is at a very exciting stage of its development. While Nekter has experienced remarkable growth, and has plans for significant growth within its current footprint, Nekter is also adding significant aspects to its business model including new distribution channels and markets. Later this spring, Nekter will offer added convenience to its clients through an online ordering and payment system, as well as through a small fleet of refrigerated delivery trucks.” Mr. Gordon added, “At Opus Bank, we understand that by providing capital financing to successful entrepreneurs and their businesses, we are enabling those businesses to expand and grow, create new jobs, and in turn rebuild healthy, vital, and vibrant communities from the ground up.”
Steve Schulze, President and Chief Executive Officer of Nekter, stated, “With this announcement, Opus is showing its confidence in the Nekter brand and bolstering our commitment to spreading the Nekter lifestyle to new regions. Through our juice cleanses and other products, we encourage people to think about how they can maintain a cleaner and more natural lifestyle, from what they consume to how they exercise and live in general. This relationship not only allows the opportunity to share that message with a larger audience, it provides invaluable access to the Bank’s insights and disciplines to meet our goals for the years ahead.”
Mr. Gordon concluded, “Opus Bank is focused on providing capital financing to entrepreneurs, small and mid-sized businesses, and professionals who have the vision to expand and grow their companies, and need a partner for growth. Opus Bank’s suite of products, services and solutions provided by its Treasury Management and Payment Solutions division, including merchant processing, third party depository, business online banking, business bill pay, online wires, and ACH services, creates tremendous efficiencies for our entrepreneurial clients, allowing them to focus on what they do best: growing their businesses.”
About Nekter Juice Bar
Nekter Juice Bar, based in Newport Beach, California, is the premier vegan juice bar in Southern California. Nekter is at the forefront of the juicing revolution that is hitting America with a healthy selection of all natural, raw, and vegan cold-pressed juices, smoothies, acai bowls, Skinny Cocktail Mixers, and a 100% organic premium cleanse program. Nekter continues to expand throughout California, with new locations to open soon in Westwood Village, Brea, Manhattan Beach, Huntington Beach, and San Diego, totaling 30 locations by the end of 2013. To learn more about Nekter Juice Bar, visit Nekter’s website www.nekterjuicebar.com or connect with Nekter on Facebook at www.facebook.com/nekterjuicebar.
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