OPB Opus Bank

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Involving Possible Securities Fraud Violations by Opus Bank and Certain of Its Officers and Directors

NEW YORK--(BUSINESS WIRE)--

Levi & Korsinsky, LLP announces that it has commenced an investigation of Opus Bank (“Opus Bank” or the “Company”) (NASDAQ:OPB) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.

The investigation focuses on Opus Bank’s October 17, 2016 announcement of its earnings for the third quarter 2016 where it disclosed that the Company recognized charge-offs on eight loan relationships through the allowance for loan losses at September 30, 2016. Charge-offs for the eight loan relationships totaled $38.8 million. On this news, Open Bank shares fell substantially in value thereby injuring investors. To obtain additional information about the investigation, go to:

http://zlk.9nl.com/opus-bank-opb

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

EN
20/10/2016

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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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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...

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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...

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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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