Market Overview

Opus Bank Further Expands Its Southern California Commercial Banking Team


- Jeffrey A. Heisinger Joins as Senior Managing Director – Commercial
Banking -

("Opus") (NASDAQ:OPB) announced today that Jeffrey Heisinger
has joined Opus as Senior Managing Director – Commercial Banking. Mr.
Heisinger, a 22-year banking veteran, is responsible for expanding Opus'
commercial and corporate client base in the Los Angeles coastal area.

Jim Haney, Executive Vice President, Head of Commercial Banking, stated,
"Jeff is a highly respected and experienced banker with a long history
of considerable success in the Los Angeles metropolitan region. He
brings a wealth of experience in structuring, originating, and
underwriting asset-based, working capital, commercial real estate, and
syndicated transactions, as well as developing credit and treasury
management solutions for middle-market companies, entrepreneurs, and
business owners." Mr. Haney added, "We look forward to Jeff's
contributions as we expand our Southern California Commercial Banking
coverage in the vibrant and diverse Santa Monica, Ventura County, and
San Fernando Valley markets."

Stephen H. Gordon, Chief Executive Officer and President of Opus Bank,
stated, "We are pleased with the strategic success and initial velocity
we are experiencing in our commitment to bolster our Commercial Banking
team in Los Angeles County, the second most populous county in the U.S.
The opportunistic hire of a banker of Jeff Heisinger's caliber is a
tremendous advancement as we continue to grow our relationship-based
commercial client base in the major metropolitan markets up and down the
West Coast."

Mr. Heisinger joins Opus Bank most recently from City National Bank,
where from 2016 he served as Senior Vice President and Manager of the
San Fernando Valley Commercial Banking office and developed and managed
one of the bank's largest commercial banking offices and a significant
relationship-based portfolio of real estate, working capital lines of
credit, syndicated leveraged transactions, and asset based
relationships. From 2010 to 2016, Mr. Heisinger served with U.S. Bank as
Senior Vice President, Senior Relationship Manager and was focused on
serving middle market companies in its North Los Angeles region and
managed one of U.S. Bank's larger revenue producing portfolios,
consisting of working capital lines of credit, asset based loans,
commercial real estate, and senior debt transactions. During his tenure
with U.S. Bank, Mr. Heisinger ranked as one of the bank's top revenue
producers nationally for 2012, 2013, and 2014. From 2006 to 2010, Mr.
Heisinger served in Senior Business Development and Senior Relationship
Manager roles at City National Bank, Wells Fargo Bank, and La Salle
Bank, where he was responsible for managing and growing portfolios of
middle market commercial clients in the Greater Los Angeles area. From
1997 to 2006, Mr. Heisinger served with Wells Fargo Bank, most recently
as Vice President/Regional Sales Manager, and was responsible for
leading a team of Business Development Officers in the Western United
States. Mr. Heisinger's earlier roles at Wells Fargo Bank included
Business Development and Portfolio Management positions, with both roles
focused on Asset Based Lending. Mr. Heisinger began his banking career
in 1996 as an Associate at Norwest Bank in its Corporate Credit Training
program, prior to the bank's acquisition by Wells Fargo. He holds a
Bachelor of Science in Business Administration from the University of
Nebraska at Omaha, and a Masters of Business Administration from the
Carlson School of Management at the University of Minnesota.

Connect with Opus Bank

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:

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.

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial