Opus Bank Appoints Angelee Harris EVP, General Counsel

IRVINE, Calif.–(BUSINESS WIRE)–$OPB #OpusOpus Bank (“Opus”) (NASDAQ: OPB) announced today that Angelee J. Harris has joined Opus as EVP, General Counsel and has been appointed to Opus’ Executive Committee. Ms. Harris is responsible for managing the legal affairs of Opus Bank, as well as the coordination, oversight, and management of Opus Bank’s retained counsel. Ms. Harris succeeds Mr. Carlton Langer, who served as Interim General Counsel since joining Opus in November 2018.

Paul Taylor, Chief Executive Officer and President, stated, “We are very pleased to have Angelee join our executive team. Angelee is a highly regarded attorney, who has been representing financial institutions for 20 years in a wide variety of corporate, regulatory, and securities matters. Her leadership experience, insight, and deep knowledge of the financial services industry will be of tremendous benefit to us and our long-term strategy.” Mr. Taylor added, “We thank Carl for his service as Interim General Counsel over the past year, during which time the bank resolved several legacy issues and completed the search for a new General Counsel.”

Ms. Harris joins Opus from Banc of California, where she most recently served as Executive Vice President, General Counsel. Ms. Harris joined Banc of California in 2013 as Executive Vice President, Deputy General Counsel and was appointed to the position of General Counsel in April 2018. From 2008 until 2012, Ms. Harris served as Partner at Manatt, Phelps & Phillips, LLP (“Manatt”), where she focused on corporate securities law. From 2005 until 2007, Ms. Harris served as Executive Vice President, General Counsel of Placer Sierra Bancshares, the publicly traded holding company of Placer Sierra Bank, a California commercial bank with more than $2 billion in total assets. In 1999, Ms. Harris joined Manatt as an Associate and was appointed Partner of the firm in 2004. During this period, Ms. Harris was focused on mergers and acquisitions, capital markets transactions, and securities law compliance. Ms. Harris began her legal career as an Associate with Lehman, Jensen & Donahue, L. C. in Salt Lake City. Ms. Harris is a member of the State Bar of California, the Utah State Bar, and the American Bar Association. Ms. Harris holds a Bachelor of Arts degree from Brigham Young University and a Juris Doctorate from the University of Utah College of Law.

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Opus Bank is an FDIC insured California-chartered commercial bank with $7.7 billion of total assets, $5.5 billion of total loans, and $6.1 billion in total deposits as of March 31, 2019. Opus Bank provides commercial and retail banking products and solutions to its clients in western markets from its headquarters in Irvine, California and through 47 banking offices, including 28 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 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. Additionally, Opus Bank’s wholly-owned subsidiary, PENSCO Trust Company, has approximately $14 billion of custodial IRA assets and approximately 48,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. 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.

Contacts

Brett Villaume

SVP, Dir. of Investor Relations

Telephone: (949) 224-8866

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