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Opus Bank Announces Resignation of Dan Borland, Head of Commercial Real Estate Banking

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Opus Bank (“Opus”) (NASDAQ:OPB) announced today that Dan Borland, Executive Vice President, President of Commercial Real Estate Banking, has resigned from Opus effective June 30, 2015 to pursue other opportunities.

Additionally, Opus announced that Ed Padilla, Senior Vice President, Head of Income Property Banking, will assume the additional responsibility of leading Opus’ Commercial Real Estate Banking Division. Mr. Padilla, a 14-year banking veteran, joined Opus in July 2011 as SVP, Senior Credit Administrator and was promoted to Head of Income Property Banking in July 2013. Before joining Opus, Mr. Padilla served in credit administration and underwriting roles with JPMorgan Chase, Deutsche Bank, Freddie Mac, and the Archon Group, a subsidiary of Goldman Sachs. Mr. Padilla holds a B.S. in Finance and Business Economics and an M.B.A. in Business/Real Estate both from the University of Southern California.

Stephen H. Gordon, Founding Chairman, CEO and President of Opus Bank, stated, “I have very much enjoyed working with Dan these past four and a half years and am thankful for, and will greatly miss, his numerous contributions to the evolution of Opus. I wish Dan every success in his future endeavors, and given that we will not be competing against one another in the marketplace, we look forward to the prospect of finding ways of doing business together.” Gordon added, “We are proud to have Ed Padilla take on this additional responsibility. Since joining four years ago, Ed has passionately and significantly contributed to Opus’ growth and maturation, including through his successful leadership of Opus’ market-leading Income Property Banking division. I look forward to Ed’s continued success as he takes on this additional role and responsibility.”

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $5.6 billion of total assets, $4.3 billion of total loans, and $4.3 billion in total deposits as of March 31, 2015. Opus Bank provides high-value, relationship-based banking products, services, and solutions to its clients through its Retail Bank, Commercial Bank, Merchant Bank, and Correspondent Bank. Opus Bank offers a suite of treasury and cash management and depository solutions and a wide range of loan products, including commercial business, healthcare, technology, 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 Commerce Escrow Company and RPM Investments 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 broker-dealer subsidiary, Opus Financial Partners. Opus Bank is an Equal Housing Lender. Opus Bank operates 59 banking offices, including two in the Phoenix metropolitan area of Arizona, 33 in California and 24 in the Seattle/Puget Sound region in Washington. For additional information about Opus Bank, please visit our website: www.opusbank.com.

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