Press Release

Email PDF view Print view Email Alert Social media sharing

Opus Bank Appoints Phil Petrozzi Senior Vice President, Senior Managing Director of Fiduciary Banking Division

Company Release - 3/26/2012 7:00 AM ET

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (the “Bank”) announced today that Phil Petrozzi has joined the Bank as Senior Vice President, Senior Managing Director - Fiduciary Banking Division, a new division within the Bank’s Commercial Business Banking division.

Mr. Petrozzi, a 30-year California banking veteran, joins the Bank after 17 years with City National Bank, where he served most recently as Senior Vice President, Regional Sales Manager. While at City National Bank, Mr. Petrozzi created and led the Specialty Deposits unit, which serves title and escrow companies, 1031 Exchange accommodators, property management firms, homeowners associations, and other types of businesses that serve as fiduciaries.

Stephen H. Gordon, Chairman and Chief Executive Officer of Opus Bank, stated, “We are pleased to welcome Phil as he joins Opus Bank to lead the growth of our new Fiduciary Banking division. Phil is a highly regarded banking veteran with tremendous depth of experience and consistent history of success in banking fiduciary businesses such as title and escrow companies, 1031 exchange accommodators, homeowners associations, property management companies, non-real estate escrows, bankruptcy estates, and other fiduciary and corporate financial services companies.” Gordon added, “With Phil’s prior experience building and leading a West Coast-based fiduciary banking group, Phil is well suited to lead our Fiduciary Banking division as we continue to grow our community-focused relationship-based bank into a super-community bank with offices in all of the major metropolitan communities on the West Coast.”

For additional information about the products and services offered by Opus Bank’s Fiduciary Banking division, please visit our website: www.opusbank.com/fiduciary-banking.html.

About Opus Bank

Opus Bank, headquartered in Irvine, CA, is an FDIC insured California-chartered commercial bank with $2.4 billion of total assets, $1.6 billion of total loans, and $1.8 billion in total deposits, as of December 31, 2011. Opus Bank provides high value, relationship-based banking products and exceptional service to its clients comprised of small and mid-sized commercial businesses, entrepreneurs, real estate investors, professionals, and consumers. Opus Bank offers a wide range of loan products, including commercial and industrial, commercial real estate, multifamily residential, conforming and jumbo single-family residential, and consumer loans; and is a Small Business Administration (“SBA”) Preferred Lender. Opus Bank currently operates 43 banking offices, including 23 in the Seattle/Puget Sound region in Washington and 20 banking offices in Southern California. Opus Bank has announced plans to open new banking offices in Danville, located in Contra Costa County; Long Beach and Pasadena, located in Los Angeles County; Del Mar, located in San Diego County, California; Gig Harbor, located in Pierce County; and Mount Vernon, located in Skagit County, Washington. For additional information about Opus Bank, please visit our website: www.opusbank.com.

Opus Bank
Mr. Stephen H. Gordon
Chairman & CEO
or
Mr. Jeff L. Leonard
SVP, Director of Communications
Telephone: (949) 250-9800
Facsimile: (949) 250-9988

Source: Opus Bank