Opus Bank Expands West Coast Commercial Banking Team

- Duncan Hughes Joins as Managing Director, Senior Client Manager - Los Angeles -

- Christopher Patterson Joins as Managing Director, Senior Client Manager – Orange County –

- Gregg Marsicano Joins as Director, Asset-Based Lending – Pacific Northwest –

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus”) (NASDAQ: OPB) announced today the further expansion of its West Coast Commercial Banking team with the hires of three additional senior bankers.

Duncan Hughes, a 12-year banking veteran, joined Opus as Managing Director, Senior Client Manager and is responsible for further expanding Opus’ commercial and corporate client base in the Los Angeles region.

Christopher Patterson, a 12-year banking veteran, joined Opus as Managing Director, Senior Client Manager and is responsible for further expanding Opus’ commercial and corporate client base in Orange County.

Gregg Marsicano, a 32-year banking and finance veteran, joined Opus as Director, Asset-Based Lending and is responsible for further developing new client relationships with, and providing asset-based, senior debt financing and banking solutions to, middle market commercial and corporate clients in the Pacific Northwest.

Geoff Anfuso, Executive Vice President, Co-Chief Lending Officer, Head of Commercial and Specialty Banking, stated, “We are pleased that Duncan and Chris have joined Opus’ Southern Commercial Banking team. Both are highly regarded banking veterans, each with tremendous depth of experience in their markets providing commercial banking products, services, and solutions to entrepreneurs, business owners, and corporations. We are also pleased to welcome Gregg to our Commercial Banking team in the Pacific Northwest as he adds considerable strength to our asset-based lending efforts in the region.” Mr. Anfuso added, “We anticipate that Chris’, Duncan’s, and Gregg’s years of experience and consistent history of success will provide remarkable value to those entrepreneurs and middle market clients who have a vision to expand and grow.”

Mr. Hughes joins Opus most recently from Bank of the West, where from 2015 to 2017 he served as Vice President, Senior Relationship Manager within the greater Los Angeles market and was focused on originating and building the bank’s middle market commercial banking business. From 2014 to 2015, Mr. Hughes served as Vice President, Commercial Banking Officer at California Bank & Trust, the California Subsidiary of Zions Bancorporation, where he focused on developing new client relationships with lower middle market companies and originated working capital lines of credit, asset-based, commercial real estate, trade finance, and SBA senior debt transactions. From 2012 to 2014, Mr. Hughes served as Vice President, Senior Business Relationship Manager at HSBC Bank USA and was focused on building client relationships with lower middle market companies. From 2008 to 2012, Mr. Hughes served as Assistant Vice President, Senior Client Manger at Bank of America, where he structured and originated secured and unsecured commercial and small business loans. Mr. Hughes began his banking career in 2005 at Wells Fargo Bank and Wells Fargo Investments.

Mr. Patterson joins Opus most recently from Citibank, where from 2015 he served as Vice President, relationship Manager within its Southern California Commercial Banking Group. While at Citibank, Mr. Patterson was responsible for managing and growing a portfolio of middle market commercial clients and structuring acquisitions, expansions, commercial real estate, and working capital senior debt transactions. From 2013 to 2015, Mr. Patterson served as Vice President, Healthcare Relationship Manager at Optum Bank, where was responsible for expanding client relationships with middle market corporations and originating working capital facilities and asset-based loans. From 2007 to 2013, Mr. Patterson served as Senior Vice President, Business Development Officer with Citibank. Mr. Patterson began his banking career at Wells Fargo in 2005. From 2000 to 2005, Mr. Patterson served in the U.S. Army in aviation operations and earned the designation of Non-Commissioned Officer in Charge (“NCOIC”) and was named Soldier of the Year at the National Training Center, Fort Irwin. Mr. Patterson holds a Bachelor of Science degree in Business Management from the University of Phoenix and serves as an Advisory Board Member for the university’s Center for Healthcare Research.

Mr. Marsicano joins Opus most recently from PNC Business Credit (“PNC”), where from 2014 to 2017 he served as Senior Vice President, Business Development Officer and led PNC’s efforts in its four-state Pacific Northwest region. While at PNC, Mr. Marsicano was focused on originating and building the bank’s asset-based lending business in Washington, Oregon, Idaho, and Alaska. From 2013 to 2014, Mr. Marsicano served as Senior Vice President, Asset-Based Lending Manager at Banner Bank, where he established and grew the bank’s asset-based lending group in Washington, Oregon, and Idaho. From 1997 to 2012, Mr. Marsicano served as Senior Vice President, Business Development Officer at Wells Fargo Capital Finance and was responsible for developing relationships with middle market companies in the Pacific Northwest region (Washington, Oregon, Idaho, and Alaska). Earlier in his career, Mr. Marsicano served as an Account Executive with Union Bank of California and Mellon Bank. Mr. Marsicano began his banking and finance career in 1985 at Fidelcor Business Credit Corp. Mr. Marsicano holds a Bachelor of Science degree in Accounting and Finance from Saint Joseph’s University.

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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