|By Business Wire||
|April 29, 2014 07:08 AM EDT||
Opus Bank (“Opus”) (Nasdaq: OPB) announced today that Doug Stewart has joined Opus Bank as Managing Director– Technology Banking. Mr. Stewart, a 25 -year banking veteran, is focused on expanding Opus’ Technology Banking client base.
Kevin McBride, Senior Managing Director, Technology Banking, commented, “We are pleased to welcome Doug as he joins Opus and contributes to the success of our Technology Banking division. Doug is a highly regarded banking veteran with tremendous depth of experience and consistent history of success in banking West Coast-based technology companies. He has a deep understanding of the technology sector and has developed a unique expertise in 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.”
Mr. Stewart joins Opus most recently from City National Bank where he served as Senior Vice President, Commercial Banking Services Group in the San Jose/Silicon Valley market and focused on structuring and providing debt capital funding to middle market companies. From 2000 to 2010, Mr. Stewart served as First Vice President for Comerica Bank. From 1989 to 2000, Mr. Stewart served as Vice President for Bank of the West providing depository and lending products, services, and solutions to middle market companies and their principals. Mr. Stewart holds a B.A. in Economics from UCLA and an M.B.A. from the University of San Francisco.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with over $4.0 billion of total assets, $3.2 billion of total loans, and $3.0 billion in total deposits as of March 31, 2014. 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 is an Equal Housing Lender. Opus Bank operates 60 banking offices, including two in the Phoenix metropolitan area of Arizona, 34 in California and 24 in the Seattle/Puget Sound region of Washington. For additional information about Opus Bank, please visit our website: www.opusbank.com. To learn more about how Opus Bank is backing businesses, please visit: www.opusbank.com/spotlight.
This press release contains “forward-looking statements.” These forward-looking statements include information, which is subject to change and subject to risks, uncertainties and assumptions. 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 Bank undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.