Opus Bank Announces Expansion of Its Merchant Banking Team

- Raed Alfayoumi Appointed Managing Director, Head of Financial Sponsors Group -

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus”) (Nasdaq: OPB) announced today that Raed Alfayoumi has been appointed as Managing Director – Head of the Financial Sponsors Group, a new and synergistic focus within Opus’ Merchant Banking division. Mr. Alfayoumi, a 24-year banking veteran, and already a proven leader at Opus, is responsible for developing and maintaining relationships and providing the capital funding, tailored solutions, and strategic advice necessary to maximize value and achieve successful outcomes for middle-market private equity firms and sponsor-backed portfolio companies.

Dale Cheney, Senior Managing Director, Head of the Merchant Banking division, stated, “We are enthusiastic to welcome Raed to lead this important sponsor coverage focus for the Merchant Banking Division. Our one-stop principal investing and advisory model is complimentary to financial sponsor clients as they focus on adding value to portfolio companies through equity co-investment, debt financing, M&A, and other strategic initiatives provided by the Merchant Banking Division. Raed’s successful experience of working with private equity funds and portfolio companies will enable us to be a more effective strategic partner to our existing broad base of financial sponsor clients and relationships.”

Mr. Alfayoumi joined Opus earlier this year in January 2016 as Managing Director, Technology Banking. From 2012 to 2015, Mr. Alfayoumi served as Senior Relationship Manager, Director within the Technology, Media, and Telecommunications Group of MUFG Union Bank. 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 $6.9 billion of total assets, $5.8 billion of total loans, and $5.2 billion in total deposits as of March 31, 2016. 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, 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’s subsidiary, PENSCO Trust Company, is a leading tech-enabled alternative asset IRA custodian with approximately $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 58 banking offices, 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. 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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View source version on businesswire.com: http://www.businesswire.com/news/home/20160721005308/en/

Opus Bank
Mr. Jeff L. Leonard, 949-251-8146
SVP, Director of Communications

Source: Opus Bank

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