• • April 28, 2020
  • IRVINE, Calif.

  Opus Bank Announces First Quarter 2020 Financial Results Opus Bank Announces First Quarter 2020 Financial Results

  Opus Bank ("Opus") (Nasdaq: “OPB”) announced today a net loss of $84.8 million, or $(2.34) per diluted share, for the first quarter of 2020, compared to net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019. Net loss during the first quarter of 2020 included a $96.2 million non-cash impairment charge to write off a portion of the balance of goodwill, as well as $2.9 million of merger related expenses. Together, these items negatively impacted earnings by $2.69 per diluted share for the first quarter of 2020. Opus Bank ("Opus") (Nasdaq: “OPB”) announced today a net loss of $84.8 million, or $(2.34) per diluted share, for the first quarter of 2020, compared to net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019. Net loss during the first quarter of 2020 included a $96.2 million non-cash impairment charge to write off a portion of the balance of goodwill, as well as $2.9 million of merger related expenses. Together, these items negatively impacted earnings by $2.69 per diluted share for the first quarter of 2020.
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• • February 3, 2020
  • IRVINE, Calif.

  Pacific Premier Bancorp, Inc. to Acquire Opus Bank, Creating a $20 Billion Banking Franchise in the Western United States Pacific Premier Bancorp, Inc. to Acquire Opus Bank, Creating a $20 Billion Banking Franchise in the Western United States

  Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company”, “Pacific Premier”, “we”, “us” or “our”), the holding company of Pacific Premier Bank, and Opus Bank (NASDAQ: OPB) (“Opus”) today announced they have entered into a definitive agreement under which Pacific Premier will acquire Opus in an all-stock transaction valued at approximately $1.0 billion. Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the “Company”, “Pacific Premier”, “we”, “us” or “our”), the holding company of Pacific Premier Bank, and Opus Bank (NASDAQ: OPB) (“Opus”) today announced they have entered into a definitive agreement under which Pacific Premier will acquire Opus in an all-stock transaction valued at approximately $1.0 billion.
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• • January 27, 2020
  • IRVINE, Calif.

  Opus Bank Announces Fourth Quarter and Full Year 2019 Financial Results Opus Bank Announces Fourth Quarter and Full Year 2019 Financial Results

  Opus Bank (Nasdaq: OPB) announced today net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019. Additionally, Opus announced today that its Board of Directors has approved the payment of a quarterly cash dividend of $0.11 per common share. Opus Bank (Nasdaq: OPB) announced today net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019. Additionally, Opus announced today that its Board of Directors has approved the payment of a quarterly cash dividend of $0.11 per common share.
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• • December 27, 2019
  • IRVINE, Calif.

  Opus Bank Announces Fourth Quarter and Year End 2019 Earnings Release and Conference Call Date Opus Bank Announces Fourth Quarter and Year End 2019 Earnings Release and Conference Call Date

  Opus Bank (“Opus”) (NASDAQ: OPB) will report its financial results for the fourth quarter and year ending December 31, 2019 before the market opens on Monday, January 27, 2020, and will host a conference call to discuss the results at 8:00 a.m. PT the same day. Opus Bank (“Opus”) (NASDAQ: OPB) will report its financial results for the fourth quarter and year ending December 31, 2019 before the market opens on Monday, January 27, 2020, and will host a conference call to discuss the results at 8:00 a.m. PT the same day.
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• • December 27, 2019
  • IRVINE, Calif.

  Opus Bank Announces Appointment of Mary E. “Mimi” Thigpen to Its Board of Directors Opus Bank Announces Appointment of Mary E. “Mimi” Thigpen to Its Board of Directors

  Opus Bank (“Opus”) (Nasdaq: OPB) announced today that Mary E. “Mimi” Thigpen has been appointed to Opus’ Board of Directors, effective December 27, 2019. Opus Bank (“Opus”) (Nasdaq: OPB) announced today that Mary E. “Mimi” Thigpen has been appointed to Opus’ Board of Directors, effective December 27, 2019.
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• • November 4, 2019
  • IRVINE, Calif.

  Opus Bank Announces Appointment of William D. Fanter as Head of Retail Banking Opus Bank Announces Appointment of William D. Fanter as Head of Retail Banking

  Opus Bank (“Opus”) (NASDAQ: OPB) announced today that William D. Fanter has been appointed Executive Vice President, Head of Retail Banking. Opus Bank (“Opus”) (NASDAQ: OPB) announced today that William D. Fanter has been appointed Executive Vice President, Head of Retail Banking.
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• • October 28, 2019
  • IRVINE, Calif.

  Opus Bank Announces Third Quarter 2019 Financial Results Opus Bank Announces Third Quarter 2019 Financial Results

  Opus Bank (Nasdaq: “OPB”) announced today net income of $22.0 million, or $0.57 per diluted share, for the third quarter of 2019, compared to net income of $8.7 million, or $0.23 per diluted share, for the second quarter of 2019. Opus Bank (Nasdaq: “OPB”) announced today net income of $22.0 million, or $0.57 per diluted share, for the third quarter of 2019, compared to net income of $8.7 million, or $0.23 per diluted share, for the second quarter of 2019.
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• • September 30, 2019
  • IRVINE, Calif.

  Opus Bank Announces Appointment of Richard J. Immesberger as President of PENSCO Subsidiary Opus Bank Announces Appointment of Richard J. Immesberger as President of PENSCO Subsidiary

  Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Richard J. Immesberger has been appointed President of PENSCO Trust Company, a subsidiary of Opus Bank. Mr. Immesberger succeeds Curtis A. Glovier, who resigned as the leader of PENSCO at the end of August, 2019 Opus Bank (“Opus”) announced today that Richard J. Immesberger has been appointed President of PENSCO Trust Company, a subsidiary of Opus Bank.
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• • September 25, 2019

  Opus Bank Announces Third Quarter 2019 Earnings Release and Conference Call Date Opus Bank Announces Third Quarter 2019 Earnings Release and Conference Call Date

  Opus Bank ("Opus") (NASDAQ: OPB) announced that it will report its financial results for the third quarter ending September 30, 2019 before the market opens on Monday, October 28, 2019 and that it will host a discussion of its financial results and performance at 8:00 a.m. PT the same day. Opus Bank (NASDAQ: OPB) announced that it will report its financial results for the third quarter ending September 30, 2019 before the market opens on Monday, October 28, 2019 and that it will discuss the results at 8:00 a.m. PT the same day.
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