Opus Bank announced today the expansion of its California Commercial Banking team with the hires of three senior bankers: Robert “Bruce” Tower has joined as SVP, Senior Relationship Manager in the West San Fernando Valley and Westside areas of Los Angeles; Nicole Sayers has joined as SVP, Senior Relationship Manager – Team Lead in Northern California; and Norman Tadlock has joined VP, Senior Relationship Manager in Orange County.

Opus Bank (NASDAQ: OPB) announced today that G Malpass (“Mal”) Durkee has been appointed to Opus’ Board of Directors, effective May 17, 2019, and appointed a member of the Risk Oversight Committee. Mr. Durkee replaces Mark Cicirelli, who concurrently resigned from Opus’ Board of Directors.

Opus Bank announced that Paul W. Taylor has been appointed Chief Executive Officer and President of Opus, effective today. Additionally, Mr. Taylor was simultaneously appointed to Opus’ Board of Directors.

Irvine, Calif. – April 29, 2019 – Opus Bank ("Opus") (NASDAQ: “OPB”) announced today net income of $10.9 million, or $0.28 per diluted share, for the first quarter of 2019 compared to a net loss of $6.9 million, or $(0.20) per diluted share, for the fourth quarter of 2018 and net income of $12.9 million, or $0.34 per diluted share, for the first quarter of 2018.