February 2, 2015
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Irvine-based Opus Bank agreed to sell its La Quinta branch in Coachella Valley to the Bank of Southern California headquartered in San Diego.
Irvine-based Opus Bank posted $17.3 million in first-quarter net income, up 56% from the same period a year earlier.
Irvine-based Opus Bank bought PENSCO Trust Company, an IRA services firm in San Francisco, in a cash and stock deal worth about $104 million.
Opus Bank in Irvine was added to Standard & Poor’s Regional Banks Select Industry and Total Market indices on Dec. 18.
Irvine-based Opus Bank has named Jennifer Simmons its chief operating officer and executive vice president.
Irvine-based Opus Bank reported $14.7 million in net income for the third quarter, up 91% from the same time a year earlier.
Opus Bank reported higher year-over-year net income in the second quarter thanks to growth on a number of fronts, including interest income on loans and noninterest income.
Opus Bank’s chief operating office has resigned after about two years working at the Irvine-based bank.
Irvine-based Opus Bank posted $11 million in first-quarter net income, down 16% from the same period a year earlier.
Irvine-based Opus Bank has established a broker-dealer subsidiary to support its merchant banking business.