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Thursday, Mar 28, 2024
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Stephen Gordon

Stephen Gordon

CHAIRMAN, PRESIDENT
CHIEF EXECUTIVE, OPUS BANK

Longtime banker formed Opus via $460M recap, Bay Cities National Bank, 2010 … $7.7B assets … investors include Elliott Associates, Starwood Capital, Fortress Investment … rough year: took charges on some loans, axed dividend, noted weak internal controls … shares down 40% from 2015 peak of $40 … poor results ‘tarnished our otherwise consistent track record,’ he wrote in annual report

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