Opus Bank Announces Expansion of Its Merchant Banking Division’s Corporate Finance Team
Opus Bank (“Opus”) (Nasdaq: OPB) announced today that Ray Boyadjian has joined Opus as Managing Director, Corporate Finance within Opus’ Merchant Banking division. Mr. Boyadjian, a 39-year banking veteran, is responsible for expanding Opus’ corporate finance-related client base, as well as expanding Opus’ relationships with private equity sponsors, investment banks, and other professionals focused on M&A transactions, leveraged buyouts, and other strategic ownership changes.
Stephen H. Gordon, Chairman, Chief Executive Officer and President of Opus Bank, stated, “We are pleased to welcome Ray as he joins Opus’ Corporate Finance division in Los Angeles. Throughout his nearly 40-year banking career, Ray has focused on developing strategies for, and providing debt financing solutions to, middle market companies throughout the Los Angeles region for mergers and acquisitions, leveraged buy-outs, balance sheet restructurings, recapitalizations, and growth capital.” Mr. Gordon added, “Large and regional investment banks have mostly ignored the small and middle market commercial business sector, thereby leaving a void where successful and resilient businesses and entrepreneurs were left with few options. Additionally, the majority of investment banks are transactional and lack the ability to act as principals, while at Opus our Merchant Bank’s Corporate Finance division is relationship-driven and we commit our own balance sheet.” Mr. Gordon concluded, “The addition of Ray Boyadjian will help Opus’ Merchant Banking division further address this void as we strategically provide senior debt and private equity solutions throughout a company’s life cycle to those entrepreneurs, small and mid-sized businesses, and middle-market companies who have a vision to expand and grow.”
Mr. Boyadjian joins Opus Bank most recently from Pacific Western Bank, where he served since 2011 as Executive Vice President overseeing the Middle Market Lending Group out of Century City. While at Pacific Western Bank, Mr. Boyadjian focused on providing senior debt financing to private equity sponsor-backed middle market companies in the Los Angeles region primarily for mergers and acquisitions, leveraged buy-outs, and other strategic ownership changes. From 2004 to 2011, Mr. Boyadjian served as Senior Vice President, Group Manager for Comerica Bank, where he ran the San Fernando Valley Middle Market Group and was responsible for developing and expanding client relationships in Los Angeles, Ventura, Santa Barbara, and San Luis Obispo counties. From 2003 to 2004, Mr. Boyadjian served as Area Executive within the Commercial Banking Group of Washington Mutual for the region extending from the San Fernando Valley to Santa Barbara County. From 1979 to 2003, Mr. Boyadjian served with City National Bank, where he ran the San Fernando Valley Commercial Banking Center and Encino Office from 1991 to 1996, and drove commercial business development out of the Westside Commercial Banking Center from 1996 to 2003. Mr. Boyadjian holds a Bachelor of Science degree in Business Administration/Finance from the University of Southern California.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with over $4.3 billion of total assets, $3.4 billion of total loans, and $3.2 billion in total deposits as of June 30, 2014. 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 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. To learn more about how Opus Bank is backing businesses, please visit: www.opusbank.com/spotlight.
This press release contains “forward-looking statements.” These forward-looking statements include information, which is subject to change and subject to risks, uncertainties, and assumptions. 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 Bank 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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