Company News »

Opus Bank Announces Expansion of Its Pacific Northwest Commercial Banking Team

Business Wire
Share on StockTwits
Published on

Opus Bank (“Opus”) (NASDAQ:OPB) announced today that Tim McLaughlin has joined Opus as Director, Client Manager – Commercial Banking, Pacific Northwest Region. Mr. McLaughlin, a 27-year banking veteran, is focused on expanding Opus’ commercial client base in the South Puget Sound region.

Grant Word, Senior Managing Director, Head of Commercial Banking – Pacific Northwest Region, stated, “We are proud to have Tim join Opus’ Commercial Banking team in the Pacific Northwest. Tim is a seasoned, experienced, and deeply rooted banker who shares Opus’ approach to relationship-based banking, where our bankers are viewed as trusted advisors in their approach to delivering tailored financial solutions. We anticipate that his experience and history of success in providing debt financing and treasury and cash management solutions will provide remarkable value to those small to mid-sized businesses and entrepreneurs with a vision to expand and grow.” Word added, “We expect that Tim’s significant commercial banking experience in the South Puget Sound market will add to the success Opus has already achieved having funded over $190 million in the region during the past 12 months.”

Mr. McLaughlin joins Opus most recently from Key Bank in Tacoma where he served as Senior Vice President & Business Team Leader. From 2000 to 2007, Mr. McLaughlin served as Vice President & Area Retail Leader with Key Bank and was responsible for sales and service leadership of more than 13 retail banking branches. From 1990 to 2000, Mr. McLaughlin served as Assistant Vice President & Small Business Banker at U.S. Bank. Mr. McLaughlin holds a B. B. A. in Management from Idaho State University and currently serves as Chairman of the Northwest Trek Foundation and Treasurer of the Tacoma Pierce County Chamber.

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 58 banking offices, including two in the Phoenix metropolitan area of Arizona, 32 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.

Forward-Looking Statements

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.

Share on StockTwits