Opus Bank (“Opus”) (Nasdaq: OPB) announced today that Raed Alfayoumi has joined Opus Bank as Managing Director – Technology Banking. Mr. Alfayoumi, a 24-year banking veteran, is responsible for structuring and delivering financial solutions to venture-backed and public middle-market technology companies that focus on Intellectual Property (IP), software, hardware, and IT services.

Kevin McBride, Senior Managing Director and Head of the Technology Banking division at Opus Bank, stated, “Having worked together in tech banking earlier in our careers, I’m very excited that Raed has joined Opus’ Technology Banking division and that we’ll once again have the opportunity to work together and get a lot of business done.” McBride concluded, “I look forward to Raed’s depth and breadth of experience becoming immediately impactful as Opus continues to expand and grow its Technology Banking niche focus.

Stephen H. Gordon, Founding Chairman, Chief Executive Officer and President of Opus Bank stated, “We are pleased to welcome Raed as he joins Opus and contributes to the success of our Technology Banking division. Raed is a highly-regarded and experienced banker whose career has focused on technology & life sciences, media & telecommunications, and corporate banking.” Mr. Gordon added, “We anticipate that his over 20 years of experience and success providing senior debt financing, depository, treasury/cash management, and advisory solutions to technology companies such as Trimble Navigation, Electronic Arts, Atmel Corp, Cadence Design, Cirrus Logic, Intuit, and VeriFone, as well as middle market businesses will immediately add to the success Opus already achieves in these client verticals.”

Mr. Alfayoumi joins Opus’ Technology Banking division most recently from Union Bank where he served as Senior Relationship Manager, Director within the Technology, Media, and Telecommunications Group. From 2011 to 2012, Mr. Alfayoumi served as Global Relationship Manager, Vice President of the Corporate Banking Group at HSBC Bank USA. From 2006 to 2011, Mr. Alfayoumi served as Senior Portfolio Manager, Vice President – Debt Capital Markets within the Technology Group of KeyBank. From 2004 to 2006, Mr. Alfayoumi served as Vice President within the Technology and Life Sciences Division of Comerica Bank. From 2000 to 2004, Mr. Alfayoumi served as Vice President within the Global Telecommunications Group of ABN AMRO Bank. Earlier in his career, Mr. Alfayoumi served in banking and finance roles at Silicon Valley Bank, BNP Paribas, Sumitomo Bank, and Union Bank. Mr. Alfayoumi holds a B.S. in Business Administration from the University of Montana.

About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $6.2 billion of total assets, $5.0 billion of total loans, and $4.9 billion of total deposits as of September 30, 2015. Opus Bank provides high-value, relationship-based banking products, services, and solutions to its clients through its Retail Bank, Commercial Bank, Merchant Bank, and Correspondent Bank. Opus Bank offers a suite of treasury and cash management and depository solutions and a wide range of loan products, including commercial business, healthcare, technology, multifamily residential, commercial real estate, and structured finance, and is an SBA preferred lender. Opus Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Escrow and Exchange divisions. Opus Bank provides clients with 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 through its Merchant Banking division and its broker-dealer subsidiary, Opus Financial Partners. Opus Bank operates 58 client experience centers, including 33 in California, 22 in the Seattle/Puget Sound region in Washington, two in the Phoenix metropolitan area of Arizona, and one in Portland, Oregon. Opus Bank is an Equal Housing Lender.

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