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Opus Bank Further Expands Its Los Angeles Commercial Banking Team

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- Jennifer S. Foster Joins as Managing Director, Senior Client
Manager –

- Nicole Nilos Joins as Managing Director, Senior Client Manager -

Opus
Bank
("Opus") (NASDAQ:OPB) announced today the further expansion of
its Commercial Banking team in the Los Angeles metropolitan region with
the hires of two senior bankers. Jennifer Foster, a 25-year banking
veteran, and Nicole Nilos, a 13-year banking veteran, both joined Opus
as Managing Director, Senior Client Manger, and are responsible for
expanding Opus' commercial and corporate client base in the San Fernando
Valley and Santa Clarita Valley regions of Los Angeles County.

Jim Haney, Executive Vice President, Head of Commercial Banking, stated,
"We are proud to have both Jennifer and Nicole join Opus' Commercial
Banking team to further expand our Commercial Banking client coverage in
the San Fernando Valley and Santa Clarita Valley regions. Jennifer and
Nicole are highly regarded bankers, each with a wealth of experience
structuring and delivering asset-based, acquisition, SBA, and term
financing; treasury management services; and owner occupied real estate
lending solutions to entrepreneurs, business owners, and lower-middle
and middle market companies in Los Angeles metropolitan area." Mr. Haney
added, "There is great need for Opus' commercial banking products,
services, and solutions in the San Fernando Valley and Santa Clarita
Valley regions and we anticipate that Jennifer and Nicole will add to
the productivity and success of our Commercial Banking division as we
look to grow Opus' client base and total footings."

Ms. Foster joins Opus most recently from City National Bank, a
subsidiary of Royal Bank of Canada, where from 2017 she served as Vice
President, Senior Relationship Manager. While at City National Bank, Ms.
Foster focused on developing client relationships with business and
commercial clients and professional services firms in the San Fernando
Valley and Santa Clarita Valley regions of Los Angeles County. Ms.
Foster's 25-year banking career includes serving as Vice President,
Relationship Manager at MUFG Union Bank, where she was responsible for
managing and growing a portfolio of middle market commercial clients in
the Los Angeles metropolitan area; serving as Vice President, Senior
Relationship Manager with Chase Bank, where she focused on
owner-occupied real estate, working capital lines of credit,
asset-based, acquisition, and SBA 504 and 7A financing, as well as
depository and treasury management opportunities in the San Fernando
Valley; serving as Vice President, Senior Relationship Manager with
Comerica Bank, where she was responsible for managing and growing a
portfolio of asset-based, senior term, commercial real estate, working
capital, and SBA loans; and in commercial banking business development
roles with Santa Barbara Bank & Trust and Wells Fargo Bank. Ms. Foster
began her commercial banking career with Wells Fargo in 1997, where she
served as a Commercial Loan Officer, and began her banking career with
Great Western Savings Bank. Ms. Foster graduated Magna cum Laude with a
Bachelor of Arts in English from the University of Pittsburg, located in
Pittsburg, Pennsylvania.

Ms. Nilos joins Opus most recently from City National Bank, where from
2016 she served as Vice President, Senior Relationship Manager. While at
City National Bank, Ms. Nilos 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 2010 to 2014, Ms. Nilos
served with US Bank, most recently as Vice President, Commercial Banking
Relationship Manager and was responsible for managing and growing a
portfolio of middle market commercial clients in the San Fernando Valley
and Santa Clarita Valley regions. Ms. Nilos' earlier roles at US Bank
include serving as Vice President, Sales Branch Manager; Regional
Business Banking Officer; and District Small Business Specialist. During
her tenure with US Bank, Ms. Nilos ranked as one of the bank's Top
Performers for five consecutive years. Ms. Nilos began her banking
career in 2005. Ms. Nilos is active in the community, serving as Career
Pathways Committee Member and Chancellor's Circle Member at the College
of the Canyons, and Chair of the Education Committee of the Valley
Industry Association, where she received the Valley Community Leadership
Award and was nominated as Business Volunteer of the Year. Ms. Nilos
holds a Bachelor of Arts in Marketing and Public Relations from Ashford
University and is currently pursuing a Master of Business Administration
degree from Pepperdine University, located in Malibu, California.

Connect with Opus Bank

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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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