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Opus Bank Hires San Diego Market Leader

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- Michael Conboy Joins as Senior Managing Director, San Diego Market
Leader -

Opus
Bank
("Opus") (NASDAQ:OPB) announced today that Michael Conboy, a
37-year banking veteran, has joined Opus as Senior Managing Director,
San Diego Market Leader, and is responsible for further expanding Opus'
commercial and corporate client base in San Diego County.

Jim Haney, Executive Vice President, Head of Commercial Banking, stated,
"Mike is a deeply rooted and experienced commercial banker in the San
Diego market and holds a long history of delivering tailored financial
solutions to those entrepreneurs, businesses, and middle market
companies with the vision and ability to expand and grow." Mr. Haney
concluded, "We look forward to Mike's contributions as Opus continues to
further build its overall relationship-based commercial banking
franchise in San Diego."

Stephen H. Gordon, Chief Executive Officer and President of Opus Bank,
stated, "We are very proud to have Mike Conboy join Opus to lead our San
Diego Commercial Banking team. Opus operates with a strong commitment to
San Diego County through its team of 13 bankers in four banking offices,
approximately $1.0 billion of loans originated, and a strong market
presence since 2012." Mr. Gordon added, "We appreciate how critical it
is to have local banking talent from San Diego. Mike is a native San
Diegan, who graduated from San Diego State and spent the vast majority
of his 37-year banking career growing and leading commercial banking
teams in the San Diego market."

Mr. Conboy joins Opus most recently from HomeStreet Bank, where from
2016 he served as Senior Vice President, Market President for San Diego
and Orange Counties. While at HomeStreet Bank, Mr. Conboy was
responsible for managing and growing the bank's commercial banking
business in Southern California, focusing on the San Diego and Orange
County, California markets. From 2012 to 2016, Mr. Conboy served as San
Diego Market President at BBVA Compass Bank, where he established the
bank's commercial banking presence in the region and recruited and led a
team of commercial, business, and small business bankers. From 2005 to
2012, Mr. Conboy served as Executive Vice President, Business Banking
with Comerica Bank, where he grew and managed a team of business bankers
in California and Arizona. Mr. Conboy joined Comerica Bank in 1998
initially establishing the bank's presence in San Diego and subsequently
serving in positions of increasing responsibility including as Senior
Vice President & Group Manager, Middle Market Banking – Los Angeles, and
later Senior Vice President & Group Manager, Middle Market Banking – San
Diego. From 1986 to 1998, Mr. Conboy served with Union Bank, as Senior
Relationship Manager, Vice President of Commercial Markets. Mr. Conboy
began his banking career at Bank of America in 1981 as a Commercial Loan
Officer. Mr. Conboy holds a Bachelor of Science degree in Business
Administration from San Diego State University. Mr. Conboy serves as
Treasurer and Member of the Executive Committee of Junior Achievement of
San Diego County.

Connect with Opus Bank

OpusBank.com
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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with
$7.3 billion of total assets, $5.2 billion of total loans, and $6.0
billion in total deposits as of March 31, 2018. Opus Bank provides
superior ideas and solutions, and banking products to its clients
through its Retail Bank, Commercial Bank, and Merchant 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 over 50,000 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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