Opus Bank Appoints Dwayne A. Sharpy EVP, Chief Risk Officer

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IRVINE, Calif.--(BUSINESS WIRE)--

Opus Bank ("Opus") OPB announced today that Dwayne A. Sharpy has joined Opus as EVP, Chief Risk Officer and has been appointed to Opus' Executive Committee. Mr. Sharpy is a 30-year banking veteran with extensive domestic and global banking, securities, and capital markets regulatory and operational enterprise-wide risk management experience.

Stephen H. Gordon, Founding Chairman, Chief Executive Officer, and President of Opus Bank, stated, "At Opus, we view that the banking system is the pillar of the strength of the U.S. and global economies and we take our role very seriously. Only 5 ½ years into our maturation, Opus has evolved into a more sophisticated and complex financial institution and is extremely mindful that prudent and anticipatory risk management is one of the keys to sustainability. It is with that in mind that we decided it was time to bifurcate the Chief Administrative Officer role from the Chief Risk Officer role, with Richard Sanchez focusing on his role as Chief Administrative Officer, and to bring on a world-class Chief Risk Officer dedicated to risk management." Gordon concluded, "I'm very proud to have Dwayne Sharpy join Opus as Chief Risk Officer and as a member of our senior executive team. Dwayne brings a wealth of experience in audit, compliance, credit, and enterprise risk management with large, highly-diversified and complex financial institutions. His knowledge and expertise in banking, investment banking, and asset management will be very important as we continue to expand and grow."

Mr. Sharpy joined Opus most recently from JPMorgan Chase Bank, N.A. JPM, where he served as Commercial Banking Compliance Managing Director, having joined JPMorgan Chase in 2006. While at JPMorgan Chase, Mr. Sharpy was responsible for the implementation, management, and administration of a comprehensive compliance program for its Commercial Banking division, including the management of relationships with external banking and securities regulators such as the OCC, CFPB, SEC, FINRA, and NYSE. Mr. Sharpy served as a key member of JPMorgan Chase's Commercial Banking Management and Risk Committees and was responsible for ensuring compliance with all federal, state, municipal, and local rules and regulations for both banking and securities regulators. From 1995 to 2003, Mr. Sharpy served most recently as Risk Management – Chief Operating Officer, Private Client & Asset Management Division of Deutsche Bank AG DB, where he was responsible for the entire review of the Global Private Client and Asset Management business, including the review of global credit and operational risk internal controls, identification of best practices, streamlining risk management processes and procedures and the development and implementation of enhanced global risk management strategy. Earlier at Deutsche Bank, Mr. Sharpy was Group Head in the Corporate & Investment Bank - Investment Bank Division where he focused on Credit Risk Management and Asset Quality Review, and earlier as Regional Manager – Credit Risk Group, in the Regional Head Office Audit Department – Americas. Earlier in his career, Mr. Sharpy served at Bank of America focusing on credit risk management and at KPMG Peat Marwick with a financial services specialization. Mr. Sharpy holds a Bachelor of Science degree in Business Administration from Massachusetts College, where he graduated with honors, and holds a certificate in Financial Risk Management from New York University. Mr. Sharpy is a Certified Public Accountant.

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $6.9 billion of total assets, $5.8 billion of total loans, and $5.2 billion in total deposits as of March 31, 2016. 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, 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's subsidiary, PENSCO Trust Company, is a leading tech-enabled alternative asset IRA custodian with approximately $11 billion of custodial assets and 43,000 clients, which are comprised of self-directed investors, financial institutions, capital raisers, and financial advisors. 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. 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, Director of Communications
949-251-8146

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Posted In: Press Releases
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