Opus Bank (“Opus”) has announced the launch of its
Public Finance division, which will provide senior financing solutions
to municipalities including cities, counties, school districts, water
and sanitation agencies, special districts, and charter schools; and
essential service not-for-profit organizations in the healthcare, public
services, and education sectors. Opus Bank additionally announced today
that Dmitry Semenov has joined Opus as Senior Managing Director, Head of
Public Finance to launch and lead the new division.
Stephen H. Gordon, Founding Chairman, Chief Executive Officer and
President of Opus Bank stated, “Opus has achieved considerable success
developing relationships and providing banking deposit products,
services, and solutions to local municipalities in and around our
footprint and distribution. The formation of our new Public Finance
division is a natural synergistic extension of that success.” Gordon
added, “We are pleased to welcome Dmitry as he joins Opus to lead our
Public Finance division. Dmitry is a highly-regarded and experienced
banker with unique expertise in structuring and delivering financing
solutions to municipalities and government entities such as counties,
cities, townships, housing authorities, community colleges, charter
schools and school districts, as well as other public agencies and
entities.” Gordon concluded, “We expect that under Dmitry’s leadership,
Opus’ Public Finance division will achieve considerable success building
and growing its client base as we further leverage our deep banking
presence up and down the West Coast.”
Mr. Semenov joins Opus Bank most recently from Umpqua Bank, where he
served as Vice President, Public Finance and focused on developing
client relationships with local municipalities and government agencies,
and education and healthcare systems. From 2009 to 2011, Mr. Semenov
served as Assistant Vice President, Commercial Real Estate with River
City Bank, where he managed a commercial real estate loan portfolio,
managed work-outs, negotiated financing modifications, and performed
in-depth analysis on a portfolio of special credits. Prior to Mr.
Semenov’s banking experience, he spent over a decade working in finance
and entitlement sectors of the real estate development industry with a
focus on delivering public infrastructure and services to new
communities, and was the planning director for a new city that was being
designed to accommodate 150,000 residents and 60,000 jobs. Mr. Semenov
holds a BA in Economics from the Plekhanov University of Economics in
Moscow, Russia and an MBA from the University of California, Davis.
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.