Opus Bank Expands Its Los Angeles Commercial Banking Team
IRVINE, Calif.--(BUSINESS WIRE)--May 16, 2018--Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Mark Kaeller has joined Opus as Managing Director, Senior Client Manager. Mr. Kaeller, a 28-year banking veteran, is responsible for further expanding Opus’ commercial and corporate client base in the Los Angeles region.
Jim Haney, Executive Vice President, Head of Commercial Banking, stated, “We are proud to have Mark Kaeller join Opus’ Commercial Banking team in Los Angeles. Mark is a highly regarded banker in the region with deep ties to middle market companies and a wealth of experience delivering debt financing and treasury management and solutions.” Mr. Haney added, “We look forward to Mark’s contributions as Opus continues to grow its overall relationship-based commercial banking franchise.”
Mr. Kaeller joins Opus most recently from MUFG Union Bank, where he served as Vice President, Senior Relationship Manager and was focused on building the bank’s middle market commercial banking business in downtown Los Angeles and the surrounding markets. From 2014 to 2016, Mr. Kaeller served as Vice President, Senior Relationship Manager at ProAmerica Bank, where he focused on developing new client relationships with lower middle market companies and originating commercial loans and working capital lines of credit, as well as non-owner-occupied commercial real estate debt transactions. From 2013 to 2014, Mr. Kaeller served as Vice President, Senior Relationship Manager at JPMorgan Chase, where he focused on building client relationships with small businesses and lower middle market companies. From 2003 to 2013, Mr. Kaeller served as Vice President, Relationship Manager at Bank of America, where he managed and developed client relationships with middle market companies, with a focus on commercial loans and lines of credit, foreign exchange transactions, and treasury management services. Mr. Kaeller holds a Bachelor of Science degree in Psychobiology from the University of California, Los Angeles.
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About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with $7.3 billion of total assets, $5.2 billion of total loans, and $6.0 billion in total deposits as of March 31, 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 over $16 billion of custodial assets and over 50,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank operates 50 banking offices, including 31 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.
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.
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CONTACT: Opus Bank
Mr. Jeff L. Leonard
SVP, Dir. of Corporate Strategy/Communications
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Opus Bank
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PUB: 05/16/2018 07:00 AM/DISC: 05/16/2018 07:01 AM