OPB - Opus Bank

​

Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. It offers demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit. The company also provides multifamily residential loans, commercial real estate loans, commercial business loans, small business administration loans, construction loans, and single-family residential and consumer loans; and loans and lines for working capital, expansion, acquisitions, consolidation, and transition. In addition, it offers 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; and loan and depository services to other financial institutions, such as banks, thrifts, and credit unions. Further, the company provides commercial escrow services and facilitates tax-deferred commercial exchanges; and cash management and payment solutions, as well as fiduciaries. As of March 29, 2016, it operated 58 client experience centers, including 33 in California, 22 in the Seattle/Puget Sound region in Washington, 2 in the Phoenix metropolitan area of Arizona, and 1 in Portland, Oregon. The company, formerly known as Bay Cities National Bank, was founded in 1982 and is headquartered in Irvine, California.

 

Opus Bank reports 3Q loss
IRVINE, Calif. (AP) _ Opus Bank (OPB) on Monday reported a third-quarter loss of $3 million, after reporting a profit in the same period a year earlier.

The bank, based in Irvine, California, said it had a loss of 9 cents per share. Earnings, adjusted for non-recurring costs, were 50 cents per share.

The state-charted commercial bank posted revenue of $76.9 million in the period.

Opus Bank shares have declined 37 percent since the beginning of the year. The stock has declined 39 percent in the last 12 months.