$OPB (Opus Bank)

$OPB {{ '2016-09-01T18:05:40+0000' | timeago}} • Announcement

Banking company $OPB said it has expanded its banking team in the San Francisco region with new hires. Peter B. Hooker will join $OPB as Managing Director, Business Development Officer. Sheila Emami is joining as Director, Client Manager, Corporate Finance and Vicente Lopez is joining as Director, Business Development Officer.

$OPB {{ '2018-01-03T13:09:14+0000' | timeago}} • Announcement

$OPB has appointed Brandon Jones as Client Manager and Matthew Alsua as Business Banking Client Manager, as part of expanding its commercial and business banking teams. Most recently, Jones served First Citizens Bank as VP, Commercial Banker. Alsua joins Opus from Union Bank, where most recently he served as VP, Portfolio Manager/Client Advisor.

$OPB {{ '2017-11-06T13:33:24+0000' | timeago}} • Announcement

Banking services company $OPB has appointed Kathryn Gonzales as SVP, Head of Sales Integration. Most recently, Gonzales served Plaza Bank as EVP and Director of Branch Banking. Earlier, she served Farmers and Merchants Bank as Chief Banking Officer.

$OPB {{ '2017-10-31T15:26:43+0000' | timeago}} • Announcement

Banking services provider $OPB has named John Norawong Senior Managing Director of Commercial Banking for the Pacific Northwest region. Prior to joining Opus, Norawong served Seattle Metropolitan Credit Union as Head of Commercial Lending. Earlier, he had worked at BBVA Compass as President of Pacific Northwest Market.

$OPB {{ '2017-10-10T13:41:00+0000' | timeago}} • Announcement

$OPB's Merchant Banking division, through its broker-dealer subsidiary, Opus Financial Partners, served as financial advisor to Destination Pet on its placement of $30MM of debt and equity growth capital.

$OPB {{ '2017-09-20T13:36:04+0000' | timeago}} • Infographic

$OPB's alternative asset IRA custodian subsidiary PENSCO Trust Co. completed the transfer of certain individual retirement accounts, qualified plans, and other self-directed custodial accounts from another "bulge bracket" multinational investment bank.

$OPB {{ '2017-09-19T14:42:50+0000' | timeago}} • Announcement

$OPB appointed Cathy Van Huisen as Managing Director, Income Property Banking. Van Huisen, a 28-year multifamily and commercial real estate banking veteran, will be responsible for further expanding Opus' Income Property Banking client base in the Los Angeles and Orange County markets of Southern California.

$OPB {{ '2017-09-12T12:25:34+0000' | timeago}} • Announcement

Amondo Redmond has joined $OPB as SVP, Chief Marketing Officer. He is a seasoned marketing veteran with extensive global brand marketing experience, including leading digital, social and traditional campaigns. Redmond joined Opus from GAP Inc., where he oversaw global marketing, including leading some of the organization’s rebranding efforts.

$OPB {{ '2017-07-17T13:42:32+0000' | timeago}} • Announcement

$OPB named Joseph R. Simpson as Executive Vice President, Chief Audit Executive. Prior to joining the bank, Simpson, was associated with HealthNow New York, an independent licensee of the BlueCross BlueShield Association, where he served as Director of Enterprise Risk Management since 2016.

$OPB {{ '2017-05-30T13:29:39+0000' | timeago}} • Announcement

$OPB said its bank-sponsored SBIC Fund, Opus Equity Partners, has made a growth equity investment in Destination Pet. Opus Equity Partners will partner with an experienced team led by Shane Kelly, an executive with several decades of pet care and veterinary experience, to carry out a national expansion strategy.

$OPB {{ '2017-05-04T19:33:29+0000' | timeago}} • Announcement

$OPB announced that its Board of Directors has created the new role of Lead Independent Director and has appointed Director Paul G. Greig to this position, effective immediately.

$OPB {{ '2017-04-24T18:12:46+0000' | timeago}} • Webcast

$OPB's deposit base has been strong. The cost of deposits have been stable to potentially declining in terms of deleverage component of the higher-cost deposits. On the asset side, $OPB believes there will be a transition of cash and low-yielding assets into loans and this would be accretive to the asset side in terms of yield on earning assets.

$OPB {{ '2017-04-24T17:59:36+0000' | timeago}} • Webcast

$OPB is targeting an efficiency ratio in the mid-50% range which essentially equates to about a 10% cut in the core run rate from 1Q17 by 2017-end. This efficiency ratio will also depend on revenue.

$OPB {{ '2017-04-24T12:11:42+0000' | timeago}} • Announcement

$OPB's loan to deposit ratio decreased to 81% as of March 31, 2017, compared to 110% as of March 31, 2016. Federal Home Loan Bank advances decreased to $10MM in 1Q17, compared to $750MM in the year-over period.

$OPB {{ '2017-04-24T12:07:38+0000' | timeago}} • Announcement

$OPB's provision for loan losses was $6MM for 1Q17, compared to $5MM in the prior-year quarter.Meanwhile, total deposits grew 1% to $38.4MM. Total loans held-for-investment were $5.4Bil as of March 31, 2017, a decrease of 4% from $5.7Bil as of December 31, 2016.

$OPB {{ '2017-04-24T12:00:29+0000' | timeago}} • Announcement

$OPB posted 5% dip in 1Q17 net interest income to  $56.1MM,  primarily due to a shift in the mix of interest earning assets between originated loans and cash and investment securities, as a result of the Freddie Mac transaction. Net income more than halved to $7.7MM, or $0.21 per share. Excluding items, net income was $0.24 per share.

$OPB {{ '2017-04-10T12:02:34+0000' | timeago}} • Announcement

$OPB BoD appointed Paul Greig to its BoD. Paul is the former Chairman, President & CEO of $FMER.

$OPB {{ '2017-02-13T12:58:00+0000' | timeago}} • Announcement

$OPB received a stock permit from the the California Commissioner of the Department of Business Oversight for the previously announced sale of $53MM of its common stock in a private placement. Subject to the completion of customary closing conditions, the private placement is expected to close ob Feb. 15, 2017.

$OPB {{ '2017-01-30T17:09:10+0000' | timeago}} • Webcast

$OPB said that its loan pipeline is slowly building, but it would not anticipate new loan funding for 2017 would be at the same level as 2016.

$OPB {{ '2017-01-30T16:43:49+0000' | timeago}} • Webcast

$OPB said it has undertaken steps to strengthen its credit administration and special credit teams through hiring of additional senior credit administrators, portfolio managers and underwriting personnel.

$OPB {{ '2017-01-30T16:18:52+0000' | timeago}} • Webcast

In 4Q16, $OPB took steps to de-emphasize Healthcare Practice lending and stopped funding new loans in the Technology Banking division for foreseeable future. The company said that Technology Banking portfolio was reduced by $42MM to $190MM during the quarter, and the Healthcare Practice portfolio was reduced by $20MM to $68MM.

Recent Transcripts

BPFH (Boston Private Financial Holdings, Inc.)
Thursday, January 18 2018 - 1:01pm
FRC (First Republic Bank)
Tuesday, January 16 2018 - 3:00pm
INFO (IHS Markit Ltd.)
Tuesday, January 16 2018 - 1:00pm
AOBC (American Outdoor Brands Corporation)
Thursday, December 7 2017 - 10:00pm
HOME (At Home Group Inc.)
Wednesday, November 29 2017 - 9:30pm
VVV (Valvoline Inc.)
Thursday, November 9 2017 - 2:00pm
BHF (Brighthouse Financial, Inc.)
Thursday, November 2 2017 - 4:00pm
DWDP (DowDuPont Inc.)
Thursday, November 2 2017 - 12:00pm
BIVV (Bioverativ Inc.)
Friday, October 27 2017 - 12:00pm
ITGR (Integer Holdings Corporation)
Thursday, October 26 2017 - 9:00pm
COLB (Columbia Banking System Inc.)
Thursday, October 26 2017 - 8:00pm
BANR (Banner Corporation)
Thursday, October 26 2017 - 3:00pm
OPB (Opus Bank)
Monday, October 23 2017 - 3:00pm
CVBF (CVB Financial Corp.)
Thursday, October 19 2017 - 2:30pm
BPFH (Boston Private Financial Holdings, Inc.)
Thursday, October 19 2017 - 12:00pm
TCBI (Texas Capital BancShares Inc.)
Wednesday, October 18 2017 - 9:00pm
FRC (First Republic Bank)
Friday, October 13 2017 - 2:00pm
INFO (IHS Markit Ltd.)
Tuesday, September 26 2017 - 12:00pm
AOBC (American Outdoor Brands Corporation)
Thursday, September 7 2017 - 9:00pm
HOME (At Home Group Inc.)
Tuesday, September 5 2017 - 8:30pm

AlphaGraphics you may like