Opus Bank Further Expands Its Los Angeles Region Commercial Banking Team
Opus Bank (“Opus”) (NASDAQ:OPB) announced today the expansion of its Los Angeles Region Commercial Banking team with the hires of Douglas Rosenthal, a 35-year banking veteran, and Mark Deneen, a 34-year banking veteran, each joining as Managing Director, Senior Client Manager – Commercial Banking Division. Both Mr. Rosenthal and Mr. Deneen are focused on expanding Opus’ commercial and corporate client base in the Los Angeles metropolitan region.
Tom Hill, Senior Managing Director, Commercial Banking – Los Angeles Region, stated, “We are pleased that Doug and Mark have joined Opus Bank’s Los Angeles Region Commercial Banking team. Both are highly regarded banking veterans with a tremendous depth of experience providing commercial banking products, services, and solutions to entrepreneurs, business owners, corporations, and private equity sponsor-backed companies in the Los Angeles metropolitan market.” Hill added, “I’m confident that Doug and Mark’s years of experience and consistent history of success providing financing and advisory services and solutions to entrepreneurial companies will be immediately beneficial to Opus’ clients who have a vision to expand and grow.”
Mr. Rosenthal joins Opus most recently from Wells Fargo Capital Finance, where he served since 2005 as Senior Vice President. From 2003 to 2005, Mr. Rosenthal served as Vice President, Senior Relationship Manager at Mellon First Business Bank, where he was responsible for originating and maintaining a portfolio of middle market client accounts, primarily in the San Fernando and Santa Clarita Valleys. From 1997 to 2003, Mr. Rosenthal served as Senior Vice President at Coast Business Credit, where he directed the firm’s new business origination activities. From 1994 to 1997, Mr. Rosenthal served as Senior Vice President and Team Leader for Silicon Valley Bank. Mr. Rosenthal began his banking career at First Interstate Bank, where he held numerous positions in middle market and healthcare lending, Fortune 100 lending, and managing the bank’s training and development efforts. Mr. Rosenthal holds a B.S. from Trinity University and an M.B.A. from the University of Southern California.
Mr. Deneen joins Opus most recently from Triton Capital Partners, where he served as a Senior Managing Director and specialized in providing strategic advisory services and facilitating private placements of senior debt, subordinated debt, and equity. From 2006 to 2013, Mr. Deneen served as Senior Vice President, Assistant Marketing Manager at PNC Business Credit. From 2004 to 2006, Mr. Deneen served as Senior Vice President at CapitalSource, Inc. within its Asset-Based lending group. From 2003 to 2004, Mr. Deneen served as Senior Vice President at GE Capital, where he served as a new business originator within the Commercial and Industrial Finance and the Asset-Based Lending groups. Earlier in his career, Mr. Deneen served in business development roles focusing on commercial lending and corporate finance with GMAC Business Credit, Heller Financial, Fleet Capital Corporation, Bank of New York, Crocker National Bank, and Security Pacific National Bank. Mr. Deneen holds a B.A. in Business Economics from the University of California, Los Angeles.
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 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.
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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