IRVINE, Calif.--(BUSINESS WIRE)--
Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Sharmila Solanki has joined Opus as Managing Director, Healthcare Banking. Ms. Solanki, a 26-year banking veteran, is responsible for providing senior debt financing and banking solutions to hospitals, skilled nursing facilities, behavioral health companies, hospice providers, home health agencies, outpatient care centers, medical technology, laboratories, pharmaceutical, healthcare-related manufacturing, and service providers to those in the healthcare industry. Opus’ Healthcare Banking team provides superior ideas and solutions, and banking products including cash flow loans for acquisitions and recapitalizations, asset based loans, real estate financing, working capital lines of credit, bridge loans, and syndication of multi-lender facilities.
Stephen H. Gordon, Founding Chairman, Chief Executive Officer, and President of Opus Bank, stated, “Opus’ Healthcare Banking clients will directly benefit from Sharmila’s over 25 years of expertise and industry specific knowledge in structuring and delivering tailored financial solutions, as well as from her diverse background in all aspects of healthcare banking including underwriting, portfolio management, and loan origination.” Gordon added, “This expansion continues the evolution and maturation of Opus to become the premier financial institution for healthcare banking clients seeking tailored, relationship-based products, services, and solutions as they expand and grow.”
Donika Schnell, Head of Opus Bank’s Healthcare Banking division stated, “We are pleased to welcome Sharmila to the Healthcare Banking team. She is a seasoned banking professional who brings a wealth of knowledge and a unique understanding of the healthcare sector.” Schnell concluded, “We anticipate that her contributions will be immediately impactful as we further expand Opus’ Healthcare Banking presence nationally, leveraging Sharmila’s decades of experience serving healthcare clients across the country.”
Ms. Solanki joins Opus Bank most recently from Prosperity Bank, through its acquisition of F&M Bank & Trust Co. in 2014, where she served as Managing Director, Manager - Healthcare Lending Division. Ms. Solanki started and led F&M Bank’s Healthcare Lending Division, which focused on delivering senior debt for working capital, acquisitions, growth capital, and recapitalizations to private equity owned healthcare service providers throughout the United States. Additionally, she was responsible for all aspects of the group’s performance including deal generation, underwriting, and portfolio management. From 2002 to 2010, Ms. Solanki served as Managing Director at CIT Healthcare through its acquisition of Healthcare Business Credit Corporation in 2005. During her tenure at CIT/ HBCC, Ms. Solanki was responsible for delivering lending solutions and advisory services to healthcare companies including providing cash flow loans, asset based lending, real estate finance, and working capital lines of credit. From 1999 to 2002, Ms. Solanki served as Vice President, within GE Capital’s Business Capital division. Ms. Solanki began her banking career in 1990 with Bank One, which was subsequently acquired by JPMorgan Chase. Ms. Solanki holds a Bachelor of Business Administration degree from Southern Methodist University.
About Opus Bank
Opus Bank is an FDIC insured
California-chartered commercial bank with $7.5 billion of total assets,
$6.1 billion of total loans, and $6.2 billion in total deposits as of
June 30, 2016. Opus Bank provides high-value, relationship-based banking
products, services, and solutions 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. Opus Bank’s subsidiary, PENSCO Trust Company,
is a leading tech-enabled alternative asset IRA custodian with over $12
billion of custodial assets and over 48,000 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: www.opusbank.com.
Forward-Looking Statements
This release may include
forward-looking statements related to Opus’ plans, beliefs and goals,
which involve certain risks, and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. The forward-looking information presented in this press
release is not a guarantee of future events, and actual events may
differ materially from those made in or suggested by the forward-looking
information contained in this press release. Forward-looking statements
generally can be identified by the use of forward-looking terminology
such as “intend” or “expect” or variations thereon or similar
terminology. All such statements speak only as of the date made, and
Opus undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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