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Opus Bank Names Brian Fitzmaurice and Ed Padilla Vice Chairmen


Opus Bank (“Opus” or the “Bank”) (OPB) announced today that Brian Fitzmaurice and Ed Padilla have been named Vice Chairmen of Opus Bank.

Paul G. Greig, Chairman, and Interim Chief Executive Officer and President of Opus Bank, stated, “Both Brian and Ed have consistently demonstrated excellent judgment and skill in their respective roles. Brian is well respected and an accomplished Chief Credit Officer. Furthermore, he has had a significant and positive impact on the credit risk management infrastructure and credit culture at Opus. Ed has made an equally significant contribution by leading the growth and maturation of the Income Property Banking group, including Opus’ industry-leading Multifamily lending platform, during his tenure as the Head of Commercial Real Estate Banking.” Mr. Greig concluded, “We congratulate them both for achieving this professional milestone and look forward to their ongoing contributions as Vice Chairmen.”

Mr. Fitzmaurice, a 37-year banking veteran, joined Opus in December 2016 as Senior Executive Vice President, Senior Chief Credit Officer. Mr. Fitzmaurice previously served as Executive Vice President and Chief Credit Officer at City National Bank, a subsidiary of Royal Bank of Canada. From 2002 to 2006, Mr. Fitzmaurice served as National Senior Risk Manager for Citigroup’s Commercial Markets Group. Mr. Fitzmaurice holds a Bachelor of Science degree in Business Administration with an emphasis in Marketing from Northern Arizona University.

Mr. Padilla, a 16-year banking veteran, joined Opus in July 2011 as Senior Vice President, Senior Credit Administrator. Mr. Padilla was promoted to Senior Vice President, President of Commercial Real Estate Banking in July 2015 and was promoted to Executive Vice President, Co-Chief Lending Officer, Head of Commercial Real Estate Banking in November 2016. Prior to joining Opus Bank, Mr. Padilla was Vice President for JP Morgan Chase Multifamily Finance and was a team lead within their Special Credits group. Mr. Padilla holds a Bachelor of Science in Finance and Business Economics and an M.B.A. in Business/Real Estate both from the University of Southern California.

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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $7.4 billion of total assets, $5.2 billion of total loans, and $6.1 billion in total deposits as of September 30, 2018. Opus Bank provides superior ideas and solutions, and banking products to its clients through its Retail Bank, Commercial Bank, and Merchant 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, Member FINRA/SIPC. Opus Bank’s alternative asset IRA custodian subsidiary has approximately $14 billion of custodial assets and approximately 49,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank operates 48 banking offices, including 29 in California, 16 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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