IRVINE, Calif.--(BUSINESS WIRE)--

Opus Bank (“Opus”) (NASDAQ: OPB) and the Opus Community Foundation (“Foundation”) announced today the Foundation’s approval of 20 grant awards to charitable organizations that Opus and the Foundation believe will strengthen and engage the communities which Opus serves.

The grants were awarded to nonprofit organizations in Arizona, California, Oregon, and Washington that focus on education, financial literacy, community health services, work readiness programs, and the arts.

Arizona:

VALLEYLIFE received a grant to support its workforce development programs, which provide job placement, retention, and support services that increase successful employment outcomes for adults with disabilities, mental illness, or other significant barriers to employment.

California:

Accelerate Change Together (“ACT”) Anaheim received a grant to support its mission of improving the lives of Anaheim’s underserved youth by collaborating with community organizations to engage youth and their parents in programs that strengthen families and communities.

Accion San Diego received a grant to support its financial education and microlending programs, which empower individuals in the small business community to build their self-sufficiency, credit history, and business operations.

Boys and Girls Clubs of Central Orange Coast received a grant to support its IMPACT Model program, which provides afterschool academic assistance, career preparation support, health and fitness instruction, and academic enrichment opportunities to students in grades K through 12.

Caesura Youth Orchestra received a grant to support its programs, which promote the growth and development of children through the study, practice, and performance of music.

Casa de Amparo received a grant to support its safety net programs, which are designed to provide children with safe alternative housing, break the generational cycle of family violence, and prevent behaviors that endanger children.

Community Institute for Psychotherapy received a grant to support its programs, which provide safety-net mental health services for low-income families, children, and adults and address the problems that lead to cycles of poverty, school failure, violence, helplessness, and hopelessness.

High School Inc. Foundation received a grant to support its educational programs, which provide industry training to high school students in Santa Ana, California and offer structured pathways to careers in culinary arts, hospitality, healthcare, automotive, logistics, new media, global business, engineering, and computer science.

Lennox Education Advancement Foundation received a grant to support its educational programs, which provide funding for teachers in the Lennox School District to purchase art, math, science, and technology supplies, programs, and experiences.

Mary Erickson Community Housing received a grant to support its programs, which are focused on the acquisition, development, redevelopment, and management of affordable housing in Orange, Riverside, and San Bernardino counties.

Orangewood Children’s Foundation received a grant to support its scholarship program, which provides financial support to recently emancipated foster youth attending community colleges, trade schools, and four-year universities.

Power 4 Youth received a grant to support its youth mentoring programs, which pair at risk middle and high school students with adult mentors, who help improve the students’ academic and life skills.

Teens Exploring Technology received a grant to support its programs, which use technology and computer programming as tools that promote positive youth development, develop discipline, and build confidence through collaboration and long-lasting life skills, and ultimately pave the way to higher education and careers in Science, Technology, Engineering, and Math (STEM).

Oregon:

Portland Opera Association received a grant to support its Portland Opera To Go program, which provides fine arts performances to schools and communities that would otherwise have little to no access to ongoing arts learning.

Washington:

Greater Seattle Bureau of Fearless Ideas received a grant to support its arts education programs, which are designed to improve writing, increase creativity, build empathy, and foster a growth mindset. Participants enjoy greater self-confidence and improved school achievement, leading to a greater likelihood of high school graduation and matriculation to post-secondary education.

Home Trust of Skagit received a grant to support its programs, which are focused on the acquisition, development, redevelopment, and management of affordable housing in Skagit County.

InvestED received a grant to support its programs, which reduce barriers for low-income students by providing financial support for activity fees, school supplies, sports and music equipment, transportation, and clothing, allowing the students to participate fully in school activities and achieve academic success.

Snohomish Education Foundation received a grant to support its summer educational programs, which are designed to fill summer learning gaps, create a lifelong passion for learning, and expose students to new opportunities.

Additionally, the Foundation provided grants to Junior Achievement of Arizona and Junior Achievement of Orange County to support their financial literacy programs, which teach students in grades K through 12 to understand finances, complete fundamental financial tasks, improve their circumstances, and thrive in the real world by instilling accountability for one’s finances.

Opus Community Foundation

The Foundation is a private 501(c)(3) organization established by Opus Bank on September 30, 2010. The Foundation targets its philanthropic efforts in the areas of affordable housing, community development, education, financial literacy, community health services, and the arts. The Foundation’s goal is to stimulate economic change, promote reinvestment, inspire philanthropy, and strengthen the communities around us. For additional information about the Opus Community Foundation, please visit the Foundation’s website: www.opuscf.org.

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About Opus Bank

Opus Bank is an FDIC insured California-chartered commercial bank with $8.0 billion of total assets, $5.4 billion of total loans, and $6.7 billion in total deposits as of March 31, 2017. Opus Bank provides superior ideas and solutions, and banking products to its clients through its Retail Bank, Commercial Bank, Merchant Bank and Correspondent 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 $13 billion of custodial assets and approximately 47,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank operates 56 banking offices, including 32 in California, 21 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 at: www.opusbank.com.

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