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Opus Bank Forms Broker-Dealer Subsidiary to Expand Merchant Banking Capabilities

Company Release - 2/2/2015 7:00 AM ET

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus” or the “Bank”) (Nasdaq: OPB) announced today that it has established and received regulatory approval for Opus Financial Partners, LLC (“Opus Financial Partners” or “OFP”), the broker-dealer subsidiary of the Bank. Opus Financial Partners will further enable Opus’ Merchant Bank to help its clients address their financial and advisory needs related to raising equity capital, targeted acquisition and divestiture strategies, general mergers and acquisitions, debt and equity financing, balance sheet restructuring, valuation, strategy, and performance improvement. Dale Cheney, Senior Managing Director, Head of the Merchant Bank, will also lead Opus Financial Partners.

Dale Cheney, Senior Managing Director, stated, “Opus Financial Partners’ capabilities complement Opus’ Merchant Bank by providing a comprehensive and integrated capital and advisory solution to lower middle-market companies, business owners, and private equity groups.” Cheney added, “The traditional investment banking model, with its layers of intermediaries and capital providers, is inefficient and outdated for today’s dynamic business environment where business owners and entrepreneurs are constantly challenged by limited time and resources. We partner with these executives and their companies to provide a sophisticated, one-stop capital and advisory solution that allows them to focus on building a successful business.”

Stephen H. Gordon, Opus Bank’s Founding Chairman, CEO & President, commented, “There is a void in the lower middle-market where access to debt and equity capital is limited and delivered inefficiently. Additionally, even successful companies that want to expand and grow their businesses typically don’t have access to the sophisticated M&A and other advisory services they need in order to capitalize on strategic opportunities and remain competitive. The capabilities provided through Opus’ Merchant Bank and through our broker-dealer, Opus Financial Partners, will help our clients to thoughtfully and strategically grow, capitalize or monetize their business.” Mr. Gordon concluded, “Having begun my career over 30 years ago as an investment banker, I recognize that we have an opportunity to fill a void and address a significant need by building a market-leading West Coast-based merchant bank that adheres to Opus’ entrepreneurial philosophy of partnering with our clients, as opposed to simply serving as transaction advisors.”

About Opus Financial Partners

Opus Financial Partners, LLC is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC), a member of FINRA/SIPC, and is led by Dale Cheney, a former private equity investor with Citicorp Venture Capital and investment banker with Goldman Sachs & Co. OFP brings extensive investment banking expertise to clients through capital-raising, merger and acquisition advisory, growth initiatives, and special situation financings in order to maximize value for the client.

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $5.1 billion of total assets, $4.1 billion of total loans, and $3.8 billion in total deposits as of December 31, 2014. Opus Bank provides high-value, relationship-based banking products, services, and solutions to its clients through its Retail Bank, Commercial Bank, Merchant Bank, and Correspondent Bank. Opus Bank offers a suite of treasury and cash management and depository solutions and a wide range of loan products, including commercial business, healthcare, technology, multifamily residential, commercial real estate, and structured finance, and is an SBA preferred lender. Opus Bank is an Equal Housing Lender. Opus Bank operates 58 banking offices, including two in the Phoenix metropolitan area of Arizona, 32 in California and 24 in the Seattle/Puget Sound region in Washington. For additional information about Opus Bank, please visit our website: To learn more about how Opus Bank is backing businesses, please visit:

Forward-Looking Statements

This press release contains “forward-looking statements.” These forward-looking statements include information, which is subject to change and subject to risks, uncertainties and assumptions. The forward-looking information presented in this press release is not a guarantee of future events, and actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “intend” or “expect” or variations thereon or similar terminology. All such statements speak only as of the date made, and Opus Bank undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Opus Bank
Mr. Dale Cheney
Senior Managing Director, Head of the Merchant Bank
Mr. Stephen H. Gordon
Chairman, CEO & President
Mr. Jeff L. Leonard
SVP, Director of Corporate Strategy/Communications

Source: Opus Bank