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PENSCO Recognized as Alternative Asset Leader for Its Enhanced Alt-Nav™ Technology at 2018 Awards


PENSCO Trust Company ("PENSCO") announced today that its Alt-Nav™
technology was the recipient of the prestigious
2018 Industry Award in the category recognizing
Custodians (Emerging – Less than $25B) in Alternative Assets. PENSCO's
Alt-Nav solution streamlines opening, funding, and investing in
alternatives using individual retirement accounts ("IRA").

PENSCO Trust Company, a wholly-owned subsidiary of Opus Bank ("Opus")
(NASDAQ:OPB), is a leading alternative asset IRA custodian with $14
billion of assets under custody and nearly three decades of expertise
providing custodian services for self-directed IRAs, qualified plans,
and other self-directed accounts that are invested in alternative
assets, including private equity, real estate, notes, cash, and other
non-exchange traded assets.

In 2015, PENSCO launched Alt-Nav, which enables investors and/or their
advisors to provide information to open a self-directed IRA account,
fund the new account, and initiate an alternative asset investment, all
online. Beginning in 2017, PENSCO further enhanced the Alt-Nav process
with back office platforms that improved operational efficiencies and
included the launch of a new automated transfer platform. These
enhancements enabled improved scalability and turnaround times,
increased efficiency, and created a better client experience.

With the new transfer platform, PENSCO, a DTC bank participant, is able
to reduce the time for a transfer from weeks to days with other
ACATS-enabled institutions. Having enhanced the back office platform and
developed fund operational platforms, PENSCO this year built new APIs as
part of its Custodian Connect™ initiative. With these APIs, asset
sponsors, financial advisors, and investment platform partners can
seamlessly provide all the necessary data to PENSCO to open and
fund an account.

Curtis Glovier, Chairman and CEO of PENSCO, stated, "We are honored to
receive this recognition. Alt-Nav is an innovative solution that is
helping transform the alternative investing process from one that has
been slow and administratively burdensome, to one that is streamlined
and transparent with increased administrative accuracy despite the
inherent complexity." Mr. Glovier added, "At a time when investors are
increasingly looking at alternatives for diversification, tools like
Alt-Nav are at the forefront of innovation by serving as catalysts and
enablers for new investment opportunities."

Now in its 4th year, the Industry Awards recognize
the creativity, success, and excellence of firms like PENSCO that serve
the financial advisor community and support financial advisor success.
For 2018, an independent panel of 11 industry experts selected winners
from among a record 600 entries.

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About PENSCO Trust Company

PENSCO Trust Company has been helping investors use their retirement
account funds to invest in real estate, private equity and other
non-exchange traded assets since 1989. As the trusted custodian of $14.0
billion in assets and more than 50,000 client accounts, PENSCO works
with financial institutions, capital raisers and financial advisors, as
well as self-directed investors who typically have a point of view about
alternative investments based on their own knowledge or expertise and
want to put their tax-advantaged retirement dollars to work in these
opportunities. To learn more, visit

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
approximately 49,000 client accounts, which are comprised of
self-directed investors, financial institutions, capital raisers and
financial advisors. Opus Bank operates 48 banking offices, including 29
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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