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.

Opus Bank (NASDAQ: OPB) announced that it will report its financial results for the first quarter ending March 31, 2019 before the market opens on Monday, April 29, 2019 and that it will discuss the results at 8:00 a.m. PT the same day.