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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.
January 6 -
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., has agreed to buy four branches from Zions Bancorp.'s (ZION) California subsidiary.
May 1 -
Opus Bank in Irvine, Calif., has hired Michael Allison as co-president and Bob Granfelt as chief operating officer.
June 25
Opus Bank in Irvine, Calif., has launched an initial public offering that could yield as much as $223 million for the company and its shareholders.
Opus is offering approximately 2.8 shares of stock, while shareholders are offering 2.9 shares of stock, according to a
Additionally, underwriters will have a 30-day option to purchase an extra 863,619 shares of common stock from the bank and its selling shareholders.
The $3.7 billion-asset Opus expects the shares will fetch between $31 and $34 each. At the low end, the stock sale would bring in about $177 million, but the haul could be more than 25% more if all the shares, including those offered to the underwriters, are sold at $34.
Opus, which specializes in commercial, retail, merchant and correspondent banking,
JPMorgan Chase (JPM), Credit Suisse, Sandler O'Neill, and Keefe, Bruyette & Woods are all acting as book-running managers for the IPO.
