Opus Bank Names New Chief Financial Officer

− Appoints Kevin L. Thompson EVP, Chief Financial Officer −

− Accepts resignation of Nicole M. Carrillo EVP, Chief Financial Officer −

− Promotes Will Han, SVP Chief Accounting Officer to the Additional Role of Deputy Chief Financial Officer −

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus” or the “Bank”) (NASDAQ: OPB) announced today that Nicole M. Carrillo, Opus’ Executive Vice President, Chief Financial Officer, has resigned from her position with Opus effective November 9, 2017 and will continue as a consultant. Ms. Carrillo concurrently resigned from her positions as a director of the Opus Community Foundation and Opus Financial Partners.

Additionally, Opus announced today that Kevin L. Thompson has joined Opus as Executive Vice President, Chief Financial Officer, effective November 10, 2017 and has been appointed to Opus’ Executive Committee. Mr. Thompson joins Opus most recently from Midland States Bancorp, where he served as Executive Vice President and Chief Financial Officer since 2016, and earlier from Zions Bancorporation, where he served as Senior Vice President – Corporate Finance, and from American Express Centurion Bank, where he served as Chief Financial Officer and Treasurer.

Stephen H. Gordon, Chairman, Chief Executive Officer, and President of Opus Bank, stated, “We thank Nicole for her years of service, having joined Opus early in the Bank’s infancy, and we wish her the best.” Mr. Gordon added, “We are proud to welcome Kevin Thompson to Opus Bank as its Chief Financial Officer, and as a member of the Bank’s Executive Committee. Kevin is a skilled strategic thinker who brings a wealth of experience in public accounting and reporting, strategic planning, financial planning and analysis, treasury management, risk management, and the development and execution of significant strategic initiatives. As a seasoned corporate executive, Kevin has led efforts to improve operational performance and efficiency at regional and super-regional banks, while he also possesses the management experience and expertise to help lead Opus as we continue to execute on our strategy of building a high-performing regional bank on the West Coast.” Mr. Gordon continued, “Kevin has consistently excelled in leading and developing accounting and finance teams at both large financial institutions and smaller regional banks and I look forward to his contributions to the continuing maturation of Opus.” Mr. Gordon concluded, “Additionally, we are thrilled to recognize Will Han’s vast contributions since he joined Opus as Senior Vice President, Chief Accounting Officer in 2013. We will look forward to his every success in his additional role as Deputy Chief Financial Officer.”

Mr. Thompson’s responsibilities at Midland State Bancorp included providing leadership and guidance in the bank’s strategic business planning and forecasting; evaluating merger and acquisition opportunities; and developing strategies to strengthen relationships with investors, investment bankers, research analysts, and regulatory agencies. During his tenure at the bank, he was integral in the announced acquisitions of two banks and a wealth management company. From 2014 to 2016, Mr. Thompson served as Senior Vice President, Corporate Finance at Zions Bancorporation, where he managed all of the capital processes for the $65 billion asset bank, including CCAR and DFAST stress testing, policies, capital adequacy, and regulatory interactions. Mr. Thompson’s responsibilities at Zions also included managing its Capital Management Committee and the budgeting, forecasting, and implementation of capital rules and Basel III for Zions and its seven subsidiary banks. From 2010 to 2014, Mr. Thompson served as Chief Financial Officer and Treasurer at $35 billion asset American Express Centurion Bank, where he was responsible for developing the bank’s strategic plan; financial reporting; budgeting and forecasting; overseeing the Asset/Liability processes, including interest rate risk, liquidity, and implementation of the new liquidity rules; issuance of debt and equity; cash management; contract negotiations; M&A analysis; and capital expenditures. While at American Express Centurion Bank, Mr. Thompson also developed and led a multi-year project to automate, streamline, and simplify financial processes, better utilize technology and eliminate non-value added practices. Mr. Thompson joined American Express Centurion Bank in 2006, initially serving as the bank’s Controller. Earlier in his career, Mr. Thompson served as Controller with AgReserves, and as Auditor with Advanta Bank Corporation and earlier as a Senior Auditor with Neilson Elggren, LLP, formerly a part of Arthur Andersen, LLP. Mr. Thompson holds a Bachelor of Science degree in International Finance/Relations and an MBA, both from Brigham Young University. Mr. Thompson is a Certified Public Accountant, licensed in the State of Utah since 2003.

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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $7.3 billion of total assets, $5.1 billion of total loans, and $6.1 billion in total deposits as of September 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 over $16 billion of custodial assets and approximately 52,000 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.

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.

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Opus Bank
Mr. Jeff L. Leonard
SVP, Dir. of Corporate Strategy/Communications
(949) 251-8146

Source: Opus Bank