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Opus Bank in Irvine, Calif., said Tuesday it has formed a unit within its commercial banking division that will lend money to physicians, dentists, veterinarians and ophthalmologists for practice deals, equipment financing and other capital needs.
May 14 -
Opus Bank in Irvine, Calif., has formed a commercial real estate banking division made up of Opus' income-property banking division and its newly formed structured finance unit.
July 16 -
Opus Bank in Irvine, Calif., is establishing a merchant-banking division led by two banking veterans.
July 11 -
Opus Bank in Irvine, Calif., has agreed to buy four branches from Zions Bancorp.'s (ZION) California subsidiary.
May 1 -
Opus Bank in Irvine, Calif., has completed its acquisition of ten branches from PacWest Bancorp. The companies said in separate press releases that the transaction closed on Friday. Opus rebranded the branches over the weekend.
September 24 -
The past year was a mixed bag for bankers. Some found success in picking up market share, or in finally putting federal bailouts into rear view. Others encountered fresh challenges, from run-ins with regulators to the realities of a still-fragile economic recovery. With the new year sure to bring its own mix of achievements, redemption stories and trouble spots, the editors of American Banker offer 10 bank CEOs worth watching in 2012.
January 1 -
Opus Bank in Irvine, Calif., has received regulatory approval to buy Cascade Financial Corp. in Everett, Wash.
June 27 -
Striking its second deal in three months, Opus Bank in Irvine, Calif., said it is buying the $682 million-asset RMG Capital of Fullerton, Calif., for $50 million in cash.
June 7
Opus Bank in Irvine, Calif., is planning to go public.
The $3.7 billion-asset company filed a registration form with the Federal Deposit Insurance Corp. on March 10 for an initial public offering. Opus, which specializes in commercial, retail, merchant and correspondent banking, has not yet determined the pricing or the amount of stock it will sell.
The disclosure marks a major step for the rapidly expanding Opus. The company was given fresh life in September 2010 when a
The company changed its named to Opus and embarked on an aggressive growth strategy,
Opus then turned to branch acquisitions, buying
These moves have helped Opus swell from $710 million in assets immediately after the recapitalization to $3.7 billion in assets as of December 2013. The company has carved out a focus in small- and midsize business lending, opening niche divisions in
Opus plans to list its common stock on the Nasdaq under the ticker symbol "OPB," according to a Thursday press release. JPMorgan Chase (JPM), Credit Suisse, Sandler O'Neill and Keefe, Bruyette & Woods will act as joint book-running managers in the offering.
