Opus Bank (“Opus”) has announced that Raed Alfayoumi has
been appointed as Managing Director – Head of the Financial Sponsors
Group, a new and synergistic focus within Opus’ Merchant Banking
division. Mr. Alfayoumi, a 24-year banking veteran, and already a proven
leader at Opus, is responsible for developing and maintaining
relationships and providing the capital funding, tailored solutions, and
strategic advice necessary to maximize value and achieve successful
outcomes for middle-market private equity firms and sponsor-backed
portfolio companies.
Dale Cheney, Senior Managing Director, Head of the Merchant Banking
division, stated, “We are enthusiastic to welcome Raed to lead this
important sponsor coverage focus for the Merchant Banking Division. Our
one-stop principal investing and advisory model is complimentary to
financial sponsor clients as they focus on adding value to portfolio
companies through equity co-investment, debt financing, M&A, and other
strategic initiatives provided by the Merchant Banking Division. Raed’s
successful experience of working with private equity funds and portfolio
companies will enable us to be a more effective strategic partner to our
existing broad base of financial sponsor clients and relationships.”
Mr. Alfayoumi joined Opus earlier this year in January 2016 as Managing
Director, Technology Banking. From 2012 to 2015, Mr. Alfayoumi served as
Senior Relationship Manager, Director within the Technology, Media, and
Telecommunications Group of MUFG Union Bank. From 2011 to 2012, Mr.
Alfayoumi served as Global Relationship Manager, Vice President of the
Corporate Banking Group at HSBC Bank USA. From 2006 to 2011, Mr.
Alfayoumi served as Senior Portfolio Manager, Vice President – Debt
Capital Markets within the Technology Group of KeyBank. From 2004 to
2006, Mr. Alfayoumi served as Vice President within the Technology and
Life Sciences Division of Comerica Bank. From 2000 to 2004, Mr.
Alfayoumi served as Vice President within the Global Telecommunications
Group of ABN AMRO Bank. Earlier in his career, Mr. Alfayoumi served in
banking and finance roles at Silicon Valley Bank, BNP Paribas, Sumitomo
Bank, and Union Bank. Mr. Alfayoumi holds a B.S. in Business
Administration from the University of Montana.
About Opus Bank
Opus Bank is an FDIC insured California-chartered commercial bank with
$6.9 billion of total assets, $5.8 billion of total loans, and $5.2
billion in total deposits as of March 31, 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, technology, 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
approximately $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 58 banking offices, including 33 in California, 22 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.