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Opus Bank Hires Business Banking Team Lead

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- Jim Wullschleger Joins as Director, Business Banking Team Lead –

Opus
Bank
("Opus") (NASDAQ:OPB) announced today that Jim Wullschleger
has joined Opus as Director, Business Banking Team Lead. Mr.
Wullschleger, a 41-year banking veteran, is responsible for expanding
Opus' Business Banking client base, as well as for leading, managing,
and growing Opus' Business Banking division's impact and presence in Los
Angeles County.

Jim Haney, Executive Vice President, Head of Commercial Banking, stated,
"We are very proud to have Jim join Opus to lead our Business Banking
efforts across Los Angeles County. Jim is a highly regarded banker with
a long history of results-driven success building and leading teams
focused on delivering customized relationship banking and tailored
financial solutions to small businesses." Mr. Haney added, "We look
forward to Jim's contributions as Opus continues to further build its
Business Banking client base in major metropolitan markets up and down
the West Coast."

Mr. Wullschleger stated, "Given Opus Bank's size, we are large enough to
deliver the financial solutions businesses require, while still small
enough to provide high touch, high quality consultative service. This
presents a unique opportunity to build customized banking relationships
with closely held businesses, and I look forward to leading this effort
across Los Angeles County and future expansion throughout Opus'
footprint."

Stephen H. Gordon, Chief Executive Officer and President of Opus Bank,
stated, "At Opus Bank, we understand the unique needs and challenges of
entrepreneurs and small businesses aspiring to expand and grow. Our
teams of sophisticated bankers strive to meet these needs by providing
superior ideas and solutions supported by efficiently structured and
easy-to-understand financial products and services, as well as greater
access to deposit products and treasury/cash management services that
enhance profitability, save time, and offer greater convenience." Mr.
Gordon concluded, "We anticipate that Jim's years of experience and
leadership will be invaluable to our clients as they execute their
strategic vision."

Mr. Wullschleger joins Opus most recently from Umpqua Bank, where from
2017 he served as Senior Vice President, Business Banking Manager, led
the expansion of its Business Banking division into Southern California,
and built and managed a team of business bankers to service the market.
From 2014 to 2017, Mr. Wullschleger served as Senior Vice President,
Business Banking Credit Manager at City National Bank, where he directed
a team of credit officers in three states responsible for underwriting,
structuring, and managing a $700 million portfolio comprised of
operating lines, term loans, letters of credit, owner occupied and
investment real estate credit, and asset-based lending products. Mr.
Wullschleger first joined City National in 2008 and initially served as
Senior Vice President, Director of Business Banking focused on the
development and implementation of the division's sales strategy,
managing a portfolio of $3 billion of deposits and $600 million of loans
outstanding, and leading the reorganization of the division's sales
efforts by creating, hiring, and managing a new Business Banking sales
team comprised of over thirty bankers and 200 banking officers. From
2001 to 2008, Mr. Wullschleger served as Senior Vice President,
Commercial Banking Officer at First Bank, and subsequently as Senior
Vice President, Manager of Business Banking Center, where he led a team
of relationship officers and credit officers responsible for
underwriting business credits, coordinating sales of all business
banking products, and developing new business opportunities via direct
marketing for all branches in California. From 2000 to 2001, Mr.
Wullschleger served as Vice President, Business Banking Manager at
Manufacturers Bank, where he led a team of credit officers and managed a
portfolio of business credits for companies with revenues up to $20
million. From 1993 to 2000, Mr. Wullschleger served as Vice President,
Business Banking Manager at Sanwa Bank, where he led a team of
commercial bankers in the underwriting and management of the bank's
commercial loan portfolio, and hired and managed its SBA Department, and
its team of thirty employees. From 1984 to 1993, Mr. Wullschleger served
as Senior Vice President, Manager at Coast Bank. Mr. Wullschleger began
his banking career in 1977 at Bank of America, where he ultimately
served as Vice President, Commercial Banking Team Leader. Mr.
Wullschleger holds a Bachelor's degree in Finance from Long Beach State
University and is a graduate of the Pacific Coast Banking School.

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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