IRVINE, Calif.--(BUSINESS WIRE)--Opus Bank (“Opus”) (Nasdaq: OPB) announced today that Derrick Wong has joined Opus as Managing Director, Senior Client Manager – Commercial Banking, San Diego. Mr. Wong, an 11-year banking and finance veteran, is focused on expanding Opus’ commercial and corporate client base in the San Diego metropolitan region.
Geoff Coar, Senior Managing Director, Head of Commercial Banking – Southern California Region, stated, “We are proud to have Derrick join Opus’ Commercial Banking team in San Diego. Derrick is a deeply rooted banker in the San Diego region who shares Opus’ approach to relationship-based banking, where our bankers are viewed as trusted advisors in their approach to delivering tailored financial solutions to those entrepreneurs, businesses, and middle market companies with the vision and ability to expand and grow.” Coar added, “I anticipate that Derrick’s decade of experience and success providing debt financing, depository, treasury/cash management, and advisory solutions to growth oriented middle-market businesses in San Diego will add to the success Opus has already achieved having funded over $350 million of loans in the San Diego region in just the past two years.”
Mr. Wong joins Opus most recently from Union Bank’s Commercial Banking Group in San Diego where he served as Vice President of Business Development and focused on developing new relationships with middle market companies. From 2012 to 2013, Mr. Wong served as Vice President of Business Development within Wells Fargo’s Commercial Banking Group in San Diego, where he managed business development efforts for the wholesale banking group, providing financial products, services, and solutions to middle-market companies with revenues up to $1 billion. From 2006 to 2012, Mr. Wong served as Vice President of Client Development for Celtic Capital Corporation, where he provided asset based financing solutions to middle market companies in the manufacturing, technology, and distribution sectors. Mr. Wong began his career with AIG’s Private Client Group. Mr. Wong holds a B.A. in Politics from Princeton University and currently serves on the Board of Directors and as Secretary of the Friends of Princeton Water Polo, as well as Board Member and Treasurer of Volunteers of America, Southwest.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with over $5.8 billion of total assets, $4.6 billion of total loans, and $4.6 billion in total deposits as of June 30, 2015. 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 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 operates 57 client experience centers, including two in the Phoenix metropolitan area of Arizona, 33 in California and 22 in the Seattle/Puget Sound region in Washington. For additional information about Opus Bank, please visit our website: www.opusbank.com. Opus Bank is an Equal Housing Lender.
Forward-Looking Statements
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.
