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Opus Bank Names Brian Fitzmaurice and Ed Padilla Vice Chairmen

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Opus
Bank
("Opus" or the "Bank") (NASDAQ:OPB) announced today that Brian
Fitzmaurice and Ed Padilla have been named Vice Chairmen of Opus Bank.

Paul G. Greig, Chairman, and Interim Chief Executive Officer and
President of Opus Bank, stated, "Both Brian and Ed have consistently
demonstrated excellent judgment and skill in their respective roles.
Brian is well respected and an accomplished Chief Credit Officer.
Furthermore, he has had a significant and positive impact on the credit
risk management infrastructure and credit culture at Opus. Ed has made
an equally significant contribution by leading the growth and maturation
of the Income Property Banking group, including Opus' industry-leading
Multifamily lending platform, during his tenure as the Head of
Commercial Real Estate Banking." Mr. Greig concluded, "We congratulate
them both for achieving this professional milestone and look forward to
their ongoing contributions as Vice Chairmen."

Mr. Fitzmaurice, a 37-year banking veteran, joined Opus in December 2016
as Senior Executive Vice President, Senior Chief Credit Officer. Mr.
Fitzmaurice previously served as Executive Vice President and Chief
Credit Officer at City National Bank, a subsidiary of Royal Bank of
Canada. From 2002 to 2006, Mr. Fitzmaurice served as National Senior
Risk Manager for Citigroup's Commercial Markets Group. Mr. Fitzmaurice
holds a Bachelor of Science degree in Business Administration with an
emphasis in Marketing from Northern Arizona University.

Mr. Padilla, a 16-year banking veteran, joined Opus in July 2011 as
Senior Vice President, Senior Credit Administrator. Mr. Padilla was
promoted to Senior Vice President, President of Commercial Real Estate
Banking in July 2015 and was promoted to Executive Vice President,
Co-Chief Lending Officer, Head of Commercial Real Estate Banking in
November 2016. Prior to joining Opus Bank, Mr. Padilla was Vice
President for JP Morgan Chase Multifamily Finance and was a team lead
within their Special Credits group. Mr. Padilla holds a Bachelor of
Science in Finance and Business Economics and an M.B.A. in Business/Real
Estate both from the University of Southern California.

Connect with Opus Bank

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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with
$7.4 billion of total assets, $5.2 billion of total loans, and $6.1
billion in total deposits as of September 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 approximately $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: 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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