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Opus Sells Coachella Location

Irvine-based Opus Bank agreed to sell its La Quinta branch in Coachella Valley to the Bank of Southern California headquartered in San Diego.

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Opus 1Q Profit Up 56%

Irvine-based Opus Bank posted $17.3 million in first-quarter net income, up 56% from the same period a year earlier.

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Opus Makes $104M Buy

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.

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Opus Bank to Buy Trust Company

Irvine-based Opus Bank will buy San Francisco-based PENSCO Trust Co.

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Opus to cut 10% of Workforce

Irvine-based Opus Bank said it would cut 10% of its workforce.

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Opus Joins S&P Indices

Opus Bank in Irvine was added to Standard & Poor’s Regional Banks Select Industry and Total Market indices on Dec. 18.

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Opus Names COO

Irvine-based Opus Bank has named Jennifer Simmons its chief operating officer and executive vice president.

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Opus Q3 Profit Up, Misses Estimates

Irvine-based Opus Bank reported $14.7 million in net income for the third quarter, up 91% from the same time a year earlier.

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Opus Bank Q2 Profit, Loans Up

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.

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Opus COO Exits

Opus Bank’s chief operating office has resigned after about two years working at the Irvine-based bank.

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Opus Q1 Loans, Deposits Up; Profit Slips

Irvine-based Opus Bank posted $11 million in first-quarter net income, down 16% from the same period a year earlier.

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Opus Forms Broker-Dealer Arm

Irvine-based Opus Bank has established a broker-dealer subsidiary to support its merchant banking business.

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