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Opus Bank Expands Its Commercial Banking Team in the South Bay Region of Los Angeles

September 4, 2018

IRVINE, Calif.--(BUSINESS WIRE)--Sep 4, 2018--Opus Bank (“Opus”) (NASDAQ: OPB) announced today the expansion of its Commercial Banking team in Los Angeles’ South Bay region with the hires of two senior bankers. Mark Hamburg, a 32-year banking veteran, has joined Opus as Senior Managing Director, Senior Client Manager, and Carlos Vega, a 13-year banking veteran, has joined Opus as Director, Client Manager.

Jim Haney, Executive Vice President, Head of Commercial Banking, stated, “Mark and Carlos bring a wealth of experience in structuring, originating, and underwriting asset-based, working capital, commercial real estate, and syndicated transactions, as well as developing credit and treasury management solutions for middle-market companies, entrepreneurs, and business owners. We anticipate that Mark and Carlos will add to the productivity and success of our Commercial Banking division in the South Bay as Opus continues to grow its overall relationship-based commercial banking franchise up and down the West Coast.”

Stephen H. Gordon, Chief Executive Officer and President of Opus Bank, commented, “We are pleased to welcome Mark and Carlos to Opus’ South Bay Commercial Banking Team. Both are highly regarded banking veterans, each possessing a deep understanding of the South Bay region’s unique business climate, as well as years of experience and success providing tailored financial products, services, and solutions to entrepreneurs, small businesses, and middle market commercial clients.” Mr. Gordon added, “We’re proud to have further bolstered our banker coverage in, and commitment to, the South Bay, where for over 35 years Opus has held a strong commercial banking presence. Opus’ deep roots in the South Bay region go back to the founding of Redondo Beach-headquartered Bay Cities National Bank (“Bay Cities”) in 1982, the merger of Bay Cities with Palos Verdes-based Peninsula National Bank in 1995, and were further strengthened with our acquisition and capitalization of Bay Cities in 2010, at which time Bay Cities was renamed and Opus Bank was founded.”

Mr. Hamburg joins Opus most recently from recently acquired Community Bank, where from 2014 he served as Regional Vice President for the South Bay region. While at Community Bank, Mr. Hamburg was focused on developing new client relationships with small and middle market privately held companies, and originating working capital lines of credit, asset-based, owner-occupied commercial real estate, and equipment loans. From 2007 to 2014, Mr. Hamburg served as Senior Vice President at State Financial Corporation, where he was responsible for establishing and growing a portfolio of asset-based loans and middle market client relationships. From 2005 to 2007, Mr. Hamburg served as Senior Vice President, Regional Manager at 1 st Century Bank, where he was responsible for opening the bank’s new office in the South Bay, as well as hiring and managing the office’s team of commercial bankers. From 2003 to 2005, Mr. Hamburg served as Senior Vice President, Loan Team Leader at City National Bank, and was responsible for developing new client relationships with middle market companies. From 1995 to 2001, Mr. Hamburg served as Senior Vice President, Commercial Banking Officer with Imperial Bank (“Imperial”), and from 2001 to 2003 in the same capacity with Comerica Bank following its acquisition of Imperial in January 2001. From 1993 to 1995, Mr. Hamburg served as Vice President, Business Development Officer with California United Bank, where he opened the bank’s South Bay office, and was focused on developing new client relationships with middle market companies. From 1990 to 1993, Mr. Hamburg served as Assistant Vice President, Loan Officer with City National Bank, where he was responsible for analyzing and structuring new asset-based lending opportunities. Mr. Hamburg began his banking career in 1985 as a financial auditor. Mr. Hamburg holds a Bachelor of Science degree in Organizational/Business Management from California State University, Northridge.

Mr. Vega joins Opus most recently from recently acquired Community Bank, where from 2014 he served as Vice President, Commercial Relationship Manager in the South Bay, where he focused on developing depository and commercial lending relationships, as well as commercial real estate, C&I, and SBA lending opportunities with small businesses and lower middle market companies. From 2013 to 2014, Mr. Vega served as Business Development Officer at Wells Fargo Bank, where he was responsible for growing a portfolio of lower middle market companies and small businesses. From 2010 to 2013, Mr. Vega served as a Business Banking Officer at U.S. Bank, where he was focused on investor-owned and owner-occupied commercial real estate lending opportunities, and small business lines of credit, term loans, and equipment financing. From 2007 to 2010, Mr. Vega served as District Manager at Automatic Data Processing (“ADP”), where he was responsible for growing a portfolio of business and commercial clients and professional services firms. Mr. Vega began his banking career with Washington Mutual in 2001, where he served as Senior Personal Financial Representative. Prior to starting his banking career, Mr. Vega served as a member of the Army National Guard, where he rose to the rank of Lieutenant.

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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $7.2 billion of total assets, $5.1 billion of total loans, and $5.9 billion in total deposits as of June 30, 2018. Opus Bank provides superior ideas and solutions, and banking products to its clients through its Retail Bank, Commercial Bank, and Merchant 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 $14 billion of custodial assets and over 49,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank operates 48 banking offices, including 29 in California, 16 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: 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005149/en/

CONTACT: Opus Bank

Mr. Jeff L. Leonard, 949-251-8146

SVP, Dir. of Corporate Strategy/Communications

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Opus Bank

Copyright Business Wire 2018.

PUB: 09/04/2018 07:00 AM/DISC: 09/04/2018 07:01 AM

http://www.businesswire.com/news/home/20180904005149/en

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