IRVINE, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24OPB&src=ctag” target=”_blank”gt;$OPBlt;/agt; lt;a href=”https://twitter.com/hashtag/Opus?src=hash” target=”_blank”gt;#Opuslt;/agt;–Opus
Bank (“Opus” or the “Bank”) (NASDAQ: OPB) announced today that Paul
W. Taylor has been appointed Chief Executive Officer and President of
Opus, effective today. Additionally, Mr. Taylor was simultaneously
appointed to Opus’ Board of Directors. Mr. Taylor, a 34-year banking and
finance veteran, most recently served as Chief Executive Officer and
President of Denver, Colorado-based Guaranty Bancorp, and its
wholly-owned bank subsidiary, Guaranty Bank & Trust.
Mr. Taylor succeeds Paul G. Greig, Chairman of Opus’ Board of Directors,
who has served as Interim Chief Executive Officer and President of Opus
Bank since November 2018. Mr. Greig will continue as Chairman of the
Board, a position he has held since January 2018.
Paul Greig, Chairman of the Board of Opus Bank, stated, “I am thrilled
that an experienced banker such as Paul, who has successfully managed a
highly profitable, mid-sized bank, as well as held executive roles
within one of the nation’s larger banks, has agreed to join Opus Bank. I
have great confidence that Paul will make an excellent fit for the role
and look forward to his contributions in leading the company and
enhancing its earnings profile. I would like to thank all of Opus’ team
members for their dedication and hard work during the transition in
executive leadership.”
Paul Taylor, Chief Executive Officer and President of Opus Bank,
commented, “I look forward to working closely with Opus’ Board,
executive leadership, and all team members as we strive to make Opus
into one of the leading commercial banks in the Western region.” Mr.
Taylor added, “I am confident in the team’s ability to restore Opus’
growth momentum, while maintaining an appropriate risk profile.
Successfully executing our business strategies will enable the Bank to
deliver strong results, thereby enhancing shareholder value, as well as
to give back to the communities we proudly serve.”
Mr. Taylor joins Opus most recently from Guaranty Bancorp, where he
served as President and CEO from May 2011 until December 2018. From 2009
to 2011, Mr. Taylor served as Guaranty Bank’s Executive Vice President,
Chief Financial Officer, Chief Operating Officer, and Secretary. From
2004 to 2009, Mr. Taylor served as Guaranty Bank’s Executive Vice
President and Chief Financial Officer. From 2000 to 2004, he served as
Executive Vice President, Chief Financial Officer for Centennial Bank
Holdings until its acquisition by Guaranty Bancorp. From 1998 to 2000,
Mr. Taylor served as Director of Mergers and Acquisitions for Alex
Sheshunoff Investment Banking. Earlier in his career, Mr. Taylor served
as Director of Investment Banking with Century Capital Group. Mr. Taylor
began his banking career in 1985 at KeyCorp, where he held various
executive management positions in the New York and the Rocky Mountain
regions. Mr. Taylor earned a Bachelor of Science degree in Business
Economics from the State University of New York and is a graduate of the
Pacific Coast Banking School at the University of Washington.
Opus’ Board of Directors retained Korn Ferry to assist with the process
of identifying a pool of highly qualified senior banking executive
candidates.
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About Opus Bank
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
Mr. Jeff L. Leonard
SVP, Dir. of Corporate Strategy/Communications
Telephone:
(949) 251-8146
