Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Jennifer Seto has joined Opus as Managing Director, Senior Client Manager – Commercial Banking, Orange County. Ms. Seto, a 25-year commercial banking veteran, is responsible for expanding Opus’ commercial and corporate client base in Orange County, California.

Geoff Coar, Senior Managing Director, Head of Commercial Banking – Southern California commented, “We are proud to welcome Jennifer to Opus’ Commercial Banking team in Orange County. With 20 years of her 25-year banking career committed to commercial banking in Orange County, the sixth largest county in the United States by population, Jennifer’s deep roots and depth of experience in the region will be of great value to those entrepreneurs, businesses, and middle market companies with the vision and ability to expand and grow.” Mr. Coar concluded, “Jennifer is a highly regarded and experienced banker who shares Opus’ approach to relationship-based commercial banking and is committed to delivering tailored loan, depository, and treasury/cash management products, services and solutions to her clients in the healthcare, consumer goods, retail, manufacturing, and media sectors.”

Michael Allison, Co-President of Opus Bank and President of Opus’ Commercial Bank added, “We are very pleased with the addition of Jennifer to our Commercial Banking team. She is a talented corporate finance-focused banker whose experience with sponsor-backed companies, which includes her relationships with investment banks, private equity firms, and mezzanine funds, should prove to be impactful to Opus’ market presence in these areas.” Allison concluded, “We look forward to Jennifer’s contribution as Opus continues to grow its loan origination volumes, deposit base, and overall relationship-based commercial banking franchise.”

Ms. Seto joins Opus most recently from East West Bank where she served as First Vice President and was focused on building client relationships with and providing financial solutions to companies in the consumer goods, retail, media, and healthcare services sectors. From 2001 to 2011, Ms. Seto served as Vice President at Comerica Bank, where she was responsible for business development, underwriting, and relationship management, focusing on both public and privately-held companies in the manufacturing and service industries. From 1996 to 2001, Ms. Seto served as Assistant Vice President at CitiCorp North America, Inc. in the securitized lending group. From 1991 to 1996, Ms. Seto served as Assistant Vice President and Portfolio Officer at Sanwa Bank California, where she was responsible for maintaining a $25 million client portfolio, which clients included manufacturers, wholesalers, importers, and distributors. Ms. Seto began her career at Sullivan & Cromwell LLP in New York City, where she served as a legal assistant within the firm’s banking division. Ms. Seto holds a Bachelor of Arts degree from University of Rochester as well as a Master’s Degree in International Affairs from Columbia University.

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $6.2 billion of total assets, $5.0 billion of total loans, and $4.9 billion in total deposits as of September 30, 2015. Opus Bank provides high-value, relationship-based banking products, services, and solutions 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 business, healthcare, technology, 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. Opus Bank operates 58 client experience centers, including 33 in California, 22 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.

Forward-Looking Statements

This press release contains “forward-looking statements.” These forward-looking statements include information, which is subject to change and subject to risks, uncertainties and assumptions. 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 Bank 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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