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Opus Bank Names Debbie McLeod to Lead New Municipal Banking Division

Company Release - 12/15/2015 7:00 AM ET

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Debbie McLeod, Executive Vice President, Retail Banking Pacific Northwest region and Director of Retail Strategies, will assume the additional responsibility of leading Opus’ Municipal Banking division, a new division within Opus.

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Ms. Debbie McLeod EVP, Director of Retail Strategies & Head of Municipal Banking. (Photo: Business W ...

Ms. Debbie McLeod EVP, Director of Retail Strategies & Head of Municipal Banking. (Photo: Business Wire)

Stephen H. Gordon, Founding Chairman, CEO and President of Opus Bank, stated, “The creation of this division is the formalization of a business line that Opus has been in since 2011. During this time, we have achieved considerable success with relationship-based liquidity and operating account deposits from local municipalities in proximity to Opus’ market presence having grown to $260 million at September 30, 2015.” Gordon continued, “We are proud to have Debbie take on the additional responsibility of leading Opus’ Municipal Banking division. She has a deep understanding of banking municipalities and has developed a unique expertise in structuring and delivering financial products, services, and solutions to government entities such as counties, cities, townships, housing authorities, community colleges, school districts, and other public agencies and entities.”

Ms. McLeod is a 27-year banking veteran who joined Opus from Cascade Bank (“Cascade”), which Opus acquired in June 2011. Ms. McLeod served as Cascade’s Executive Vice President, Retail Banking Executive for over 10 years as well as led Cascade’s relations with Western Washington municipalities. Prior to joining Cascade, Ms. McLeod served as Vice President, Region Sales Manager as well as Vice President, Business Financial Relationship Manager at Bank of America. Ms. McLeod holds a BBA in Finance from Pacific Lutheran University, and is a graduate of the Pacific Coast Banking School at the University of Washington.

About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with $6.2 billion of total assets, $5.0 billion of total loans, and $4.9 billion in total deposits as of September 30, 2015. 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 offers commercial escrow services and facilitates 1031 Exchange transactions through its Commerce Escrow Company and RPM Investments divisions. Opus Bank provides clients with financial and advisory services 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 through its Merchant Banking division and its broker-dealer subsidiary, Opus Financial Partners. Opus Bank operates 58 client experience centers, including 33 in California, 22 in the Seattle/Puget Sound region in Washington, two in the Phoenix metropolitan area of Arizona, and one in Portland, Oregon. Opus Bank is an Equal Housing Lender.

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Forward-Looking Statements
This release may include forward-looking statements related to Opus’ plans, beliefs and goals, which involve certain risks, and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. 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 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. Jeff L. Leonard
SVP, Director of Communications

Source: Opus Bank