Opus Bank is pleased to announce it provided:

Title: City of Hollister
Amount: $5,190,000
Month: August
Year: 2019

City of Hollister

Opus Bank Completes Tax Allocation Bonds Refunding for the Successor Agency to the Redevelopment Agency of the City of Hollister

Overview of Transaction

  • The City of Hollister (“City”) was incorporated in 1872 in San Benito County and is now home to 36,700 people.  The City provides a full range of municipal services including law enforcement, fire protection, construction and management of streets and infrastructure, code enforcement, building inspections, water and wastewater, and administration.

Significance of Transaction

  • The refinancing will generate over $1,875,000 in total interest savings for the City and other public agencies within the local property tax assessment area.

Opus Bank's Role

  • Opus Bank worked with the City staff and its financing team to put together a flexible refinancing program that allows for the most efficient utilization of taxpayer funds. 

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