OPB Opus Bank

SHAREHOLDER ALERT: Investigation of Opus Bank Announced by Holzer & Holzer, LLC

ATLANTA--(BUSINESS WIRE)--

Holzer & Holzer, LLC is investigating whether certain statements made by Opus Bank (“Opus Bank” or the “Company”) (NASDAQ: OPB) regarding its business and operations complied with federal securities laws. On October 17, 2016, Opus Bank announced that “As part of the credit review process of impaired loans, new developments supported charge-offs being recognized on eight loan relationships through the allowance for loan losses at September 30, 2016.” The price of OPB stock declined significantly following the announcement.

If you have suffered a loss on your OPB investment, you are encouraged to contact Corey D. Holzer, Esq. at [email protected] or via toll-free telephone at (888) 508-6832 to discuss your legal rights.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

EN
20/10/2016

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OPB OPUS BANK

Opus Bank Announces First Quarter 2020 Financial Results

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank ("Opus") (Nasdaq: “OPB”) announced today a net loss of $84.8 million, or $(2.34) per diluted share, for the first quarter of 2020, compared to net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019. Net loss during the first quarter of 2020 included a $96.2 million non-cash impairment charge to write off a portion of the balance of goodwill, as well as $2.9 million of merger related expenses. Together, these items negatively impacted earnings by $2.69 per diluted share for the first quarter of 2020. Pre-provision net ...

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OPB OPUS BANK

Opus Bank Announces Fourth Quarter and Full Year 2019 Financial Result...

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank ("Opus") (Nasdaq: OPB) announced today net income of $20.3 million, or $0.53 per diluted share, for the fourth quarter of 2019, compared to net income of $22.0 million, or $0.57 per diluted share, for the third quarter of 2019. Net income for the year ended December 31, 2019 was $61.8 million, or $1.62 per diluted share, compared to net income of $30.9 million, or $0.81 per diluted share, for the year ended December 31, 2018. Net income during the fourth quarter of 2019 included a negative provision for loan losses of $2.7 million, compared to a nega...

January 27, 2020 1 EN
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OPB OPUS BANK

Opus Bank Announces Fourth Quarter and Year End 2019 Earnings Release ...

IRVINE, Calif.--(BUSINESS WIRE)-- (“Opus”) (NASDAQ: OPB) will report its financial results for the fourth quarter and year ending December 31, 2019 before the market opens on Monday, January 27, 2020, and will host a conference call to discuss the results at 8:00 a.m. PT the same day. Interested parties may listen to the conference call by using the phone number listed below or through a live webcast available through a link on Opus’ investor relations website () and through the link below. It is recommended that participants dial into the conference call or log into the webcast approximate...

December 27, 2019 1 EN
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OPB OPUS BANK

Opus Bank Announces Appointment of Mary E. “Mimi” Thigpen to Its B...

IRVINE, Calif.--(BUSINESS WIRE)-- (“Opus”) (Nasdaq: OPB) announced today that Mary E. “Mimi” Thigpen has been appointed to Opus’ Board of Directors, effective December 27, 2019, and appointed a member of each of the Audit Committee and Risk Oversight Committee. Concurrently, Director Michael L. Meyer voluntarily resigned from Opus’ Board of Directors in accordance with the Board’s retirement policy. Paul W. Taylor, Director, President and Chief Executive Officer of Opus Bank, stated, “I am pleased to welcome Mimi to Opus’ Board of Directors. Her more than 37 years of experience in the techn...

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