Opus Bank is pleased to announce it provided:

Title: Beardsley School District
Amount: $5,480,000
Month: December
Year: 2016

Beardsley School District

Opus Bank’s Public Finance division provides a $5,480,000 term loan to Beardsley School District for general obligation bond refunding.

Overview of Transaction

  • Beardsley School District (“Beardsley”) was established in 1882.  Beardsley provides education services to an area of approximately 17,800 people in Bakersfield, California and operates 3 elementary schools and one middle school with approximately 1,800 students from Kindergarten to 8th grade.

Significance of Transaction

  • Opus Bank (“Opus”) provided a loan, proceeds of which were used to refinance general obligation bonds of the District, saving a total of $690,000 for local taxpayers over the next 15 years.

Opus Bank's Role

  • Opus was able to complete the refinancing on a quick turn-around schedule, maximizing the tax savings benefits for local residents and businesses.

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