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Opus Bank Expands Its San Diego Banking Team


- James Wade Joins as Managing Director, Commercial Banking -

- Chris Stratton Joins as Managing Director, Business Development
Officer -

("Opus") (NASDAQ:OPB) announced today the further expansion of
its San Diego Commercial Banking team with the hires of two senior
bankers. James R. Wade, a 27-year banking and finance veteran, has
joined Opus as Managing Director, Senior Client Manager, Commercial
Banking, and Chris Stratton, a 20-year banking and finance veteran, has
joined Opus as Managing Director, Business Development Officer.

Jim Haney, Executive Vice President, Head of Commercial Banking, stated,
"We are pleased that James and Chris have joined Opus to expand our
client coverage in San Diego, the fifth most populous county in the
nation. James and Chris are highly regarded banking veterans who share
Opus' approach to relationship-based commercial banking and have a
tremendous depth of experience providing tailored solutions to
entrepreneurs, business owners, and middle market companies."

Mr. Haney added, "Throughout his banking career, Jim has experienced
considerable success providing growth capital and treasury management
solutions to privately held companies and middle market corporations in
San Diego. We look forward to San Diego-based companies benefiting from
Jim's local market knowledge as we grow the division's client base
across Southern California and the other major metropolitan markets on
the West Coast."

Mr. Haney concluded, "Chris brings to Opus' Business Development team
his 20 years of experience and success in San Diego County providing
sophisticated and tailored client centric financial solutions to small
to mid-sized businesses, middle market companies, and real estate
investors. His addition better positions Opus in San Diego County to
deliver the full force of the firm and accelerate Opus' organic growth
by further leveraging existing client relationships, our strategic
business partners, our market presence, and brand recognition."

Stephen H. Gordon, Chief Executive Officer and President of Opus Bank,
commented, "Opus holds a strong commitment to San Diego County, having
opened our first banking office in the county in 2012. Today, we serve
our San Diego-based clients through a team of 17 deeply rooted bankers
in four banking offices, which collectively hold over $200 million of
deposits and approximately $1.0 billion of loans. We appreciate how
critical it is to have strong local banking talent from San Diego,
serving our clients in San Diego. Jim and Chris both have strong ties to
the region, each having two decades of banking and finance experience
serving clients in San Diego and as alumni of San Diego State

Mr. Wade joins Opus most recently from HomeStreet Bank, where from 2017
he served as First Vice President and was responsible for establishing
and growing a portfolio comprised of middle market commercial and
industrial clients in San Diego County. From 2010 to 2017, Mr. Wade
served as President of Vindrauga Corporation, a San Diego Based lender
that invests in early stage businesses, primarily through secured
convertible debt. While at Vindrauga, Mr. Wade was responsible for
overseeing the firm's lending operations, including structuring,
negotiating, and underwriting proposals; business development; and
raising capital. From 2008 to 2010, Mr. Wade served as Senior Vice
President and Senior Client Manager with Bank of America Merrill Lynch,
where he was responsible for managing and growing a large and complex
portfolio of Southern California middle market businesses. From 1998 to
2008, Mr. Wade served as First Vice President and Team Leader with
Comerica Bank, where he was responsible for developing new client
relationships; leading and developing a commercial banking team of
lenders and credit analysts; and managing a portfolio of middle market
commercial clients. Mr. Wade began his banking career at Union Bank in
1991 as Assistant Vice President, Middle Market Banking. Mr. Wade holds
a Bachelor of Science degree in Business Administration from San Diego
State University.

Mr. Stratton joins Opus from Wells Fargo, where he served since 2005.
Most recently, Mr. Stratton served as Senior Vice President, Western
Market Segment Manager from 2014 and was responsible for strategy
development, implementation, and management for large and complex market
and business segments. While serving in this role, Mr. Stratton ranked
first among his peers in revenue growth for 2015 and 2016. Earlier with
Wells Fargo, Mr. Stratton served as Vice President, Business Development
Officer Area Manager for the bank's northern San Diego County region.
From 2002 to 2005, Mr. Stratton served as Financial Advisor with UBS and
ranked in the top quartile for assets raised and new accounts opened.
Mr. Stratton began his career in 1998 as a Financial Advisor with
Prudential Securities in San Diego. Mr. Stratton holds a Bachelor of
Arts degree in Marketing from San Diego State University.

Connect with Opus Bank

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with
$7.2 billion of total assets, $5.1 billion of total loans, and $5.9
billion in total deposits as of June 30, 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 $14 billion of custodial assets and
over 49,000 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.

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