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Opus Bank Commits $1 Billion To Help California Expand Businesses, Drive Economic & Job Growth

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Opus Bank (NASDAQ: OPB) revealed an additional commitment of $1 billion to provide capital funding to those qualified businesses, as well as, companies that want to expand their operations, revenues, and employees in California. The move is expected to drive increased economic expansion and job growth.

In November 2014, Opus revealed its initial $1 billion commitment and has funded about $900 million of the total $1 billion.

Opus' Founding Chairman, CEO, and President, Stephen Gordon made its second commitment while hosting about 250 Southern California business and local government leaders on Thursday, at the Newport Beach Civic Center in California.

Gordon stated, "The challenges California companies face are significant and those businesses need to know that capital funding from a strategic financial partner is available. Given California's status as the sixth largest economy in the world, we must create an environment from the bottom up where entrepreneurs, business owners, and executive management teams feel confident and emboldened to expand and grow."

Gordon added, "I look forward to Opus' financial commitment having a direct positive impact on metropolitan communities throughout California."

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