June 25, 2013OPUS BANK APPOINTS ROMOLO “RON” SANTAROSA, EVP, CHIEF OPERATING OFFICER
IRVINE, Calif. – June 25, 2013 – Opus Bank (“Opus” or the “Bank”) announced today that Romolo “Ron” Santarosa has joined Opus Bank and has been appointed Executive Vice President, Chief Operating Officer, and a member of Opus Bank’s Executive Committee. As the Bank’s Chief Operating Officer, Mr. Santarosa is responsible for leading, managing, and directing the operational and support functions of Opus Bank, including Banking Operations, Information Technology, Project Management, Corporate Real Estate, and Vendor Management and Procurement, as well as being responsible for acquisition integration, and process improvement and efficiency management.
Mr. Santarosa, a 22-year banking veteran, joins Opus Bank most recently from First California Financial Group and its bank subsidiary First California Bank (together “FCAL”), where he served as Senior Executive Vice President, Chief Operating Officer and Chief Financial Officer. Mr. Santarosa joined FCAL in 2002 and played an integral role in FCAL’s growth and success, reaching $1.9 billion of total assets before completing its recent sale to PacWest Bancorp (“PACW”). Prior to joining FCAL, Mr. Santarosa served in executive leadership positions with Treasury Bank, Eldorado Bancshares, Southern Pacific Bank, Sanwa Bank, and Shawmut National Corporation. Earlier in his career, Mr. Santarosa was Senior Audit Manager with Price Waterhouse. Mr. Santarosa is a graduate cum laude of Ithaca College and a member of American Institute of Certified Public Accountants, and the California State Society of CPA’s.
Stephen H. Gordon, founding Chairman, Chief Executive Officer, and President of Opus Bank, stated, “We are proud to have Ron join Opus Bank as Chief Operating Officer, and as a member of the Bank’s Executive Committee. Ron brings a wealth of experience in operations, the development and execution of significant strategic initiatives, and as a seasoned executive having led the growth and expansion of financial institutions both organically and through acquisitions. The depth and breadth of his knowledge and expertise will be very important to the strategic growth of Opus Bank as we focus on efficiently executing the next phase of the company’s evolution; growing the bank from over $3.0 billion in total assets today to becoming the dominant relationship-based regional bank on the West Coast.”
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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