Opus Bank Announces Opening of Its Gig Harbor, Washington Banking Office

EVERETT, Wash.--(BUSINESS WIRE)--Opus Bank (the “Bank”) announced today that it has opened its third new banking office in the State of Washington; in the city of Gig Harbor. The new banking office is the Bank’s first in Pierce County and 22^nd in the Puget Sound region in Washington.

“We welcome Greg Beals to our team of experienced bankers and wish him every success as he expands our banking client relationships in Pierce County, Washington.”

• The new Gig Harbor banking office is located at 4823 Point Fosdick Drive NW, Gig Harbor, WA 98335, at the intersection of Point Fosdick Drive and Olympic Drive.

The Bank is also pleased to announce that Gregory Beals has joined the Bank as Vice President and will serve as the Retail Banking Manager for the Gig Harbor banking office. Mr. Beals is a 20-year financial services veteran and has served in senior leadership and business development positions with Washington Mutual Bank, Evergreen Mortgage Company, and Homestreet Bank.

Debbie McLeod, Executive Vice President, Retail Banking of Opus Bank, stated, “We welcome Greg Beals to our team of experienced bankers and wish him every success as he expands our banking client relationships in Pierce County, Washington.” McLeod added, “The Gig Harbor banking office represents a tremendous opportunity for clients in the Gig Harbor vicinity to conveniently access Opus Bank’s comprehensive suite of banking products, services, and solutions. Additionally, we look forward to further expanding Opus Bank’s footprint in western Washington with the planned openings of new banking offices in Seattle and Tacoma later this year.”

About Opus Bank

Opus Bank, headquartered in Irvine, CA, is an FDIC insured California-chartered commercial bank with $2.7 billion of total assets, $1.9 billion of total loans, and $2.0 billion in total deposits, as of September 30, 2012. Opus Bank provides high-value, relationship-based banking products and exceptional service to its clients comprised of small and mid-sized commercial businesses, entrepreneurs, real estate investors, professionals, and consumers. Opus Bank offers a wide range of loan products, including commercial and industrial, commercial real estate, multifamily residential, conforming and jumbo single-family residential, and consumer loans; and is a Small Business Administration (“SBA”) Preferred Lender. Opus Bank operates 55 banking offices, including 33 banking offices in California and 22 in the Seattle/Puget Sound region in Washington. For additional information about Opus Bank, please visit our website: www.opusbank.com.