Opus Bank Elevates Executives

Opus Bank ("Opus") (NASDAQ: OPB) announced today that, as part of the previously announced focus on enhancing the leadership at Opus, Ed Padilla, Opus' Senior Vice President, President of Commercial Real Estate Banking, has been named Executive Vice President, Co-Chief Lending Officer, Head of Commercial Real Estate Banking; and Geoff Anfuso, who recently was promoted to Senior Vice President, Head of Commercial and Specialty Banking, has been named to the role of Executive Vice President, Co-Chief Lending Officer, Head of Commercial and Specialty Banking. Additionally, both Mr. Padilla and Mr. Anfuso have been named members of Opus' Executive Committee.

Stephen H. Gordon, founding Chairman, Chief Executive Officer, and President of Opus Bank, stated, "Both Ed and Geoff have consistently demonstrated the excellent judgment and passionate leadership necessary to drive disciplined credit-centric growth at Opus Bank. As we scale up our executive leadership team, I now look forward to their contributions to our Executive Committee and Opus as a whole. They have both continually developed the depth and breadth of experience required to sustain the entrepreneurial, service-oriented, relationship-driven culture that has made Opus one of the leading banks on the West Coast." Gordon added, "We congratulate them both on this important professional milestone."

Mr. Padilla, a 14-year banking veteran, joined Opus in July 2011 as Senior Vice President, Senior Credit Administrator and was promoted to Head of Income Property Banking in July 2013. Mr. Padilla was promoted to Senior Vice President, President of Commercial Real Estate Banking, in July 2015. Prior to joining Opus Bank, Mr. Padilla was Vice President for JP Morgan Chase Multifamily Finance and was a team lead within their Special Credit's group. He was also a Senior Portfolio Manager managing a loan portfolio of over $700MM within the Real Estate Banking division and held the title of Senior Underwriter within the Commercial Term Lending division. At Washington Mutual, Mr. Padilla led the underwriting team for their Commercial Real Estate Lending division. Earlier in his career, Mr. Padilla served in senior underwriting and asset management roles with Deutsche Bank, Freddie Mac, and the Archon Group, a subsidiary of Goldman Sachs. Mr. Padilla holds a B.S. in Finance and Business Economics and an M.B.A. in Business/Real Estate both from the University of Southern California.

Mr. Anfuso, a 13-year banking veteran, joined Opus in May 2013 as Senior Managing Director - Institutional Syndications and was promoted to Senior Vice President, Head of Commercial and Specialty Banking in October 2016. From 2010 to 2013, Mr. Anfuso served with Wells Fargo Bank as Senior Vice President - Team Lead, Commercial Banking Group and was responsible for structuring credit facilities for working capital, acquisitions, equipment, and real estate transactions and the business development efforts of his team. Earlier at Wells Fargo, Mr. Anfuso served as Senior Vice President, Underwriting Manager within the Specialty Finance group. Mr. Anfuso began his career in 2001 as a consultant with PricewaterhouseCoopers, L.L.P. ("PwC") and FTI Consulting, Inc. subsequent to its acquisition of PwC's U.S.-based restructuring business in 2002. Mr. Anfuso holds a Bachelor of Science in Business Administration from the University of Southern California.

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About Opus Bank

Opus Bank is an FDIC-insured California-chartered commercial bank with $7.7 billion of total assets, $6.3 billion of total loans and $6.5 billion in total deposits as of September 30, 2016. Opus Bank provides superior ideas and solutions, and banking products 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, healthcare, media and entertainment, corporate finance, 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, LLC. Opus Bank's subsidiary, PENSCO Trust Company, is a leading tech-enabled alternative asset IRA custodian with over $12 billion of custodial assets and over 48,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers, and financial advisors. Opus Bank operates 56 banking offices, including 32 in California, 21 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. For additional information about Opus Bank, please visit our website: www.opusbank.com.

Forward-Looking Statements

This release may include forward-looking statements related to Opus' plans, beliefs and goals, which involve certain risks, and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The forward-looking information presented in this press release is not a guarantee of future events, and actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "intend" or "expect" or variations thereon or similar terminology. All such statements speak only as of the date made, and Opus undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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