Opus Expansion Aims for ‘One-Stop Shop'

IRVINE, CA—Opus Bank‘s recent expansions, which include the addition of a corporate-finance division and private-equity group, are aimed to enhance the firm’s offerings to middle-market companies seeking capital solutions, GlobeSt.com has learned. Senior managing directors Rick Lamoreux, who will head the corporate-finance division, and Dale Cheney, who will direct the private-equity group, tell GlobeSt.com that the expansions help make Opus Bank a “one-stop shop” for these clients.

“The corporate-finance division will provide senior debt financing for M&A transactions in the lower middle-market space,” says Lamoreux. “I think what it says about Opus Bank is we’re unlike a lot of the banks our size. We have the expertise to provide M&A financing, equity and/or mezzanine debt financing, but we also have a number of other things going on. This expansion will enable us to grow a lot faster.”