IRVINE, Calif.--(EON: Enhanced Online News)--Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Michael Trivich has joined Opus as Senior Vice President, Senior Credit Administrator – Commercial Banking, responsible for the structuring and decisioning of senior debt financing solutions provided to Opus’ Commercial and Specialty Banking clients.
“Michael’s background aligns well with our portfolio composition and we are confident that he will make a significant and positive impact on our risk management practices.”
Stephen H. Gordon, founding Chairman, Chief Executive Officer, and President of Opus Bank, stated, “We are pleased to have Michael join Opus Bank’s senior credit administration team. We look forward to his years of experience and knowledge having an immediate positive influence as we continue to further enhance the existing strength and talent of Opus’ senior credit team.”
Brian Fitzmaurice, Senior Executive Vice President, Senior Chief Credit Officer, added, “Michael’s background aligns well with our portfolio composition and we are confident that he will make a significant and positive impact on our risk management practices.”
Mr. Trivich, a 16-year banking veteran, joins Opus Bank from Bank of America, where he served as Vice President - Senior Credit Products Officer and was responsible for the underwriting, structuring, and execution of commercial & industrial credit facilities, as well as the management of a portfolio of commercial loans. From 2009 to 2015, Mr. Trivich served with PNC Bank, most recently as Vice President, Credit Officer/Senior Underwriter, where he focused on loans to clients in the commercial & industrial, public finance, healthcare, owner-occupied commercial real estate, income property, and non-profit sectors. From 2008 to 2009, Mr. Trivich served with Bank of Indiana as Commercial Credit Officer. Mr. Trivich began his banking career in 2000 with MainSource Financial Group, rising to the position of Commercial Lending Officer. Mr. Trivich holds a Bachelor of Science degree in Organizational Leadership and Master of Science degree in Strategic Leadership and Design, both from the University of Indianapolis.
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About Opus Bank
Opus Bank is an FDIC-insured California-chartered commercial bank with $7.7 billion of total assets, $6.3 billion of total loans and $6.5 billion in total deposits as of September 30, 2016. Opus Bank provides superior ideas and solutions, and banking products 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, 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. 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, LLC. Opus Bank’s subsidiary, PENSCO Trust Company, is a leading tech-enabled alternative asset IRA custodian with over $12 billion of custodial assets and over 48,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers, and financial advisors. Opus Bank operates 56 banking offices, including 32 in California, 21 in the Seattle/Puget Sound region in Washington, two in the Phoenix metropolitan area of Arizona, and one in Portland, Oregon. Opus Bank is an Equal Housing Lender. For additional information about Opus Bank, please visit our website: www.opusbank.com.
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.