Irvine, Calif. – January 28, 2019 – Opus Bank ("Opus") (NASDAQ: OPB) announced today a net loss of $6.9 million, or $(0.20) per diluted share, for the fourth quarter of 2018 and net income of $30.9 million, or $0.81 per diluted share, for the year ended December 31, 2018, compared to net income of $9.4 million, or $0.25 per diluted share, for the third quarter of 2018 and net income of $47.6 million, or $1.26 per diluted share, for the year ended December 31, 2017.

Dec. 27, 2018 – Opus Bank announced that it will report its financial results for the fourth quarter and year ending Dec. 31, 2018 before the market opens on Mon., Jan. 28, 2019 and that it will host a discussion of its financial results at 8:00 a.m. PT the same day.

On November 30, 2018, Opus Bank announced that Brian Fitzmaurice and Ed Padilla have been named Vice Chairmen of Opus Bank.

Opus Bank (NASDAQ: OPB) announced that Paul G. Greig, who has served as Chairman of the Opus Bank Board of Directors since January 2018, has been appointed Interim President and Chief Executive Officer, effective November 26, 2018. Mr. Greig succeeds Stephen H. Gordon, who resigned as President and Chief Executive Officer of Opus Bank and as a member of Opus Bank’s Board of Directors, effective the same date. Mr. Greig will continue as Chairman of the Board.