IRVINE, Calif.--(EON: Enhanced Online News)--Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Balaji Krishna, Opus’ Senior Vice President, Head of Sales, has been named Executive Vice President, Chief Banking Officer & Head of Sales. Additionally, Mr. Krishna has been named a member of Opus’ Executive Committee. Mr. Krishna, a 17-year banking veteran, joined Opus in December 2010.
“We congratulate Balaji on achieving this great milestone.”
Stephen H. Gordon, Founding Chairman, Chief Executive Officer and President of Opus Bank, stated, “We are very proud to announce Balaji being promoted to the position of Executive Vice President, Chief Banking Officer & Head of Sales. Through his focused leadership, Balaji has had a significant positive impact on Opus, having played an integral role since the launch of Opus in 2010.” Gordon concluded, “We congratulate Balaji on achieving this great milestone.”
Prior to joining Opus Bank, Mr. Krishna held various roles across increasing areas of responsibility including overseeing business development and treasury management sales, retail banking and sales management at community banks in Southern California, including at Commercial Capital Bank. From 2001 to 2005, Mr. Krishna served in business development and wealth management roles in Bank of America’s Premier Banking group and Banc of America Investments. Mr. Krishna began his banking career in Florida in 1999 in BankUnited’s banking and wealth management divisions.
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.