Opus Bank Names Evan Purcell Managing Director, Healthcare Banking

Business Wire

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Evan Purcell has been named Managing Director, Healthcare Banking. Mr. Purcell, a 14-year banking and finance veteran, is responsible for providing senior debt financing and banking solutions to hospitals, long-term care facilities, behavioral health companies, hospice providers, home health agencies, healthcare-related manufacturing, and other service providers in the healthcare industry.

Geoff Anfuso, Executive Vice President, Co-Chief Lending Officer, Head of Commercial and Specialty Banking stated, “Evan has been a strong contributor to our Healthcare Banking team since joining Opus in the middle of 2017. We’re excited to further leverage his deep industry knowledge and expertise now as a client relationship manager as we continue to grow our healthcare banking presence.” Mr. Anfuso added, “We believe that Evan’s unique depth and breadth of experience structuring, originating, and underwriting asset-based, working capital lines of credit, bridge loans, and other senior secured financing solutions will prove to be a differentiator in the competitive healthcare space.”

Mr. Purcell joined Opus Bank in August 2017 as First Vice President, Portfolio Manager, Healthcare Banking. From 2013 to 2017, he served as Vice President, Senior Underwriter, Healthcare Finance at Wells Fargo Capital Finance, where he was focused on underwriting senior credit facilities across various healthcare sectors, including senior care, acute care, medical device manufacturers, and pharmaceutical companies. From 2008 to 2013, Mr. Purcell served as Vice President, Relationship Manager within the Specialty Finance group of Wells Fargo Capital Finance, where he managed a portfolio of both performing and distressed credit assets in the healthcare, media, and hospitality industries. From 2005 to 2008, Mr. Purcell served as a Loan Officer within the Corporate Finance Group of CapitalSource, where he was responsible for managing a large portfolio of credits across the capital structure, ranging from senior secured bank debt to mezzanine loans. Mr. Purcell began his banking career in 2004 as an Investment Banking Analyst with Legg Mason’s Financial Institutions Group. Mr. Purcell holds a Bachelor of Science degree in Finance and International Business from The Pennsylvania State University.

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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $7.5 billion of total assets, $5.2 billion of total loans, and $5.9 billion in total deposits as of December 31, 2017. Opus Bank provides superior ideas and solutions, and banking products to its clients through its Retail Bank, Commercial Bank, and Merchant 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, Member FINRA/SIPC. Opus Bank’s alternative asset IRA custodian subsidiary has over $16 billion of custodial assets and over 50,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank operates 50 banking offices, including 31 in California, 16 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.

Forward-Looking Statements

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.