Opus Bank Expands Health Care Banking Team

Opus Bank in Irvine, Calif., has expanded its recently created health care unit with the hiring of Randall Boba as first vice president and senior portfolio manager.

Boba will be responsible for structuring and underwriting debt financing for Opus' health care banking clients in his new role, according to the company's Monday press release. The $3.5 billion-asset company's health care division provides medical professionals and group practices with a range of services, including loans for acquisitions, equipment purchases and other capital needs.

Boba most recently served as a vice president of the health care group at Wells Fargo (WFC) Capital Finance. Before that, he was a director of White Oak Merchant Partners, where he provided debt financing to health care and energy companies. His resume also includes a stint as a restructuring officer for CapitalSource Finance.

"Given the rapidly changing health care environment, industry specific knowledge and experience is critically important," Donika Schnell and Evan Barker, co-heads of the healthcare banking division, said in the release. Boba’s experience "structuring and delivering tailored financial solutions" and his "diverse background in all aspects of health care banking including, underwriting, portfolio management, and loan origination" will be a boon to the company, they said.

Opus formed its health care division in May 2013.