IRVINE, Calif.--(EON: Enhanced Online News)--Opus Bank (“Opus” or the “Bank”) announced today that it ranked number one overall on the Orange County Business Journal’s prestigious list of the Fastest Growing Private Companies in Orange County. Opus Bank achieved 1970% growth in total revenues for the two-year period ended June 30, 2013, growing total revenue from $7.6 million to $156.9 million. Orange County is the home to more than 71,000 privately held companies and this year’s list ranked the top 165 companies with two-year revenue growth rates in excess of 15%.
Stephen H. Gordon, Chairman, CEO & President of Opus Bank, stated, “We take great pride in being recognized as the fastest growing private company among Orange County’s most successful companies so early in Opus Bank’s maturation. Three years ago, we set out with a lot of capital, a big vision, and a much needed new and entrepreneurial approach to banking with the goal of becoming the dominant relationship-based regional bank on the West Coast. Since September 30, 2010, Opus Bank has grown from approximately $275 million in total assets and 5 banking offices to over $3.2 billion in total assets and 59 banking offices in communities throughout Southern California, Northern California, the Seattle/Puget Sound region in Washington, and the Phoenix/Scottsdale metropolitan area of Arizona.” Gordon added, “Opus Bank’s acute focus on banking small and mid-sized commercial businesses, entrepreneurs, real estate investors, and professionals with a vision to expand and grow, has propelled Opus Bank to be the fastest growing bank in the Western region and the largest bank headquartered in Orange County, the nation’s sixth largest county by population and home to many of the most entrepreneurial and innovative businesses in the United States.”
This year’s list included such industry leading companies as: Applied Medical Resources Corp., CashCall Inc., City Ventures LLC, David Wilson Automotive Group, Fitness International LLC, Habit Restaurant LLC, MS International Inc., Nature’s Best, New American Funding, Orange Coast Title, Pacific Dental Services Inc., Pacific Mutual Holding Company, Stearns Lending Inc., Trace3 Inc., Tuttle-Click Automotive Group, Universal Services of America, Warmington Group of Companies, Yogurtland Franchising Inc., and Young’s Market Company.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with $3.2 billion of total assets, $2.4 billion of total loans, and $2.3 billion in total deposits, as of June 30, 2013. Opus Bank provides high-value, relationship-based banking products, services, and solutions to its clients comprised of small and mid-sized commercial businesses, entrepreneurs, real estate investors, professionals, and consumers. Opus Bank offers a robust suite of treasury and cash management and depository solutions, and a wide range of loan products, including commercial and industrial, SBA, commercial real estate, multifamily residential, conforming and jumbo single-family residential loans; and is an Equal Housing Lender. Opus Bank operates 59 banking offices, including one in the Phoenix metropolitan area of Arizona, 34 banking offices in California, and 24 in the Seattle/Puget Sound region in Washington. For additional information about Opus Bank, please visit our website: www.opusbank.com. To learn more about how Opus Bank is backing businesses, please visit: www.opusbank.com/Spotlight.