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Opus Bank Announces Further Expansion of Its Merchant Bank

Company Release - 9/11/2017 7:00 AM ET

− Evan Klein Joins as Managing Director, Head of Media, Entertainment and Business Services Merchant Banking−

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus” or the “Bank”) (NASDAQ: OPB) announced today that Evan Klein has joined Opus’ Merchant Banking division and Opus Financial Partners, the Bank’s broker-dealer subsidiary, as Managing Director and Head of Media, Entertainment, and Business Services. Mr. Klein will be responsible for building Opus’ principal investing activities in these sectors, as well as advising clients on mergers & acquisitions and private debt and equity financings.

Stephen H. Gordon, Chairman, Chief Executive Officer, and President of Opus Bank, stated, “I am pleased that Evan has joined Opus to lead our Media, Entertainment and Business Services efforts within our Merchant Banking Division. Evan is a highly-talented and experienced banking professional, whose 25+ year career designing and delivering sophisticated, client-centric solutions to companies and private equity sponsors strengthens our merchant banking capabilities in these important sectors of the economy.”

Dale Cheney, President of the Merchant Banking Division, continued, “The addition of Evan's industry focus on media, entertainment, and business services broadens our principal investment and advisory capabilities in sectors where dynamic companies are seeking a streamlined solution for growth capital and M&A advisory. Evan's illustrious career as both an investor and advisor is complementary to our merchant banking model, and will uniquely position us to serve as a valuable partner to high growth companies across their entire lifecycle.”

Mr. Klein joined Opus most recently from Luminary Partners, where he served as Managing Partner and sourced, structured, and underwrote private equity investments and provided strategic advisory services to media, technology, and business services companies. Previously, Mr. Klein served as Managing Director at Berkery, Noyes & Co. and Morgan Joseph & Co., where he originated and marketed sale mandates and equity and debt private placements to strategic buyers and financial investors in the United States and Europe. Earlier in his career, Mr. Klein served as a Director with SG Cowen Securities and Prudential Securities and as a Vice President with Allen & Company. Mr. Klein has completed many high-profile transactions across the media, entertainment, technology, and business services sectors, advising on more than $8.0 billion of mergers & acquisitions, financings, and private equity investments. Mr. Klein received a Bachelor of Science degree from the State University of New York at Albany, where he graduated Summa Cum Laude, and a Master of Business Administration degree from the Wharton School at the University of Pennsylvania.

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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $7.7 billion of total assets, $5.2 billion of total loans, and $6.3 billion in total deposits as of June 30, 2017. Opus Bank provides superior ideas and solutions, and banking products 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, healthcare, media and entertainment, corporate finance, 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 Escrow and Exchange 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, LLC, Member FINRA/SIPC. Opus Bank’s alternative asset IRA custodian subsidiary has $15 billion of custodial assets and approximately 50,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank operates 52 banking offices, including 32 in California, 17 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. For additional information about Opus Bank, please visit our website at: www.opusbank.com.

Forward-Looking Statements

This release may include forward-looking statements related to Opus Bank’s 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, Dir. of Corporate Strategy/Communications
(949) 251-8146

Source: Opus Bank