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

Company Release - 11/4/2019 7:00 AM ET

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus”) (NASDAQ: OPB) announced today that William D. Fanter has been appointed Executive Vice President, Head of Retail Banking. Mr. Fanter, a 31-year banking veteran, will be responsible for managing Opus’ Retail Banking division, including overseeing its 46 banking offices located in California, Washington, Oregon, and Arizona. He joins Opus most recently from U.S. Bancorp, where he served as Senior Vice President, Consumer & Business Banking Market Leader, in the Greater Chicago metro area.

Paul Taylor, President and Chief Executive Officer of Opus Bank, commented, “I am pleased to welcome Bill to the Opus team as Head of Retail Banking. His experience in leading a highly profitable retail division for one of the nation’s largest financial institutions, in one of the largest and most competitive markets, will prove invaluable as we execute on our strategic goal of improving Opus’ retail banking experience.”

William Fanter, EVP and Head of Retail Banking, commented, “I am excited to be a part of a highly entrepreneurial financial institution like Opus Bank and I look forward to working closely with the Retail Banking team, and the Opus Bank leadership team, to fully leverage the opportunities in Opus’ vibrant West Coast markets.”

Mr. Fanter joins Opus most recently from U.S. Bancorp, where from 2003 to 2019 he served as Senior Vice President, Consumer & Business Banking Market Leader, responsible for managing 152 branch locations with nearly 1,000 personnel and over $9 billion in deposits in Chicago, IL. During his tenure at U.S. Bancorp, Mr. Fanter oversaw the acquisition and integration of multiple branch networks; orchestrated new corporate initiatives in small business banking, treasury management, credit card sales applications, and loan optimizer tools for bankers; and achieved top rankings in customer experience surveys. From 1995 to 2002, Mr. Fanter held various management positions at GreatBanc, Inc. in Chicago, IL, including Senior Vice President and Chief Operating Officer, Vice President Mortgage Sales, and Vice President Retail Banking. From 1992 to 1995, Mr. Fanter was Branch Manager with Bank One, Chicago. Mr. Fanter began his career in 1988 as a teller at Gary Wheaton/First National Bank of Chicago. He is a graduate of the Graduate School of Banking at the University of Wisconsin - Madison.

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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $7.8 billion of total assets, $5.8 billion of total loans, and $6.3 billion in total deposits as of September 30, 2019. Opus Bank provides commercial and retail banking products and solutions to its clients in western markets from its headquarters in Irvine, California and through 46 banking offices, including 28 in California, 16 in the Seattle/Puget Sound region in Washington, one in the Phoenix metropolitan area of Arizona and one in Portland, Oregon. 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. Additionally, Opus Bank’s wholly-owned subsidiary, PENSCO Trust Company, has approximately $14 billion of custodial IRA assets and approximately 46,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank is an Equal Housing Lender. For additional information about Opus Bank, please visit our website: www.opusbank.com.

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.

Mr. Brett G. Villaume
SVP, Director of Investor Relations
Telephone: (949) 224-8866

Source: Opus Bank