Opus Bank

Opus Bank was originally established on May 20, 1993, under the name Peninsula Bank, National Association, following its acquisition of Palos Verdes National Bank in Rolling Hills Estates, California. The institution underwent several name changes, becoming Peninsula National Bank on June 1, 1993, and later Bay Cities National Bank on November 30, 1995, following the acquisition of Bay Cities National Bank in Redondo Beach, California. On October 1, 2010, the bank changed its name to Opus Bank and adjusted its regulatory standing by withdrawing from the Federal Reserve System and becoming a state-chartered bank regulated by the Federal Deposit Insurance Corporation (FDIC). The bank continued to expand through acquisitions, including Cascade Bank in Everett, Washington, and Fullerton Community Bank, FSB in Fullerton, California, both acquired on October 31, 2011. The main office was relocated to Irvine, California, on the same date. Ultimately, on June 1, 2020, Opus Bank merged with Pacific Premier Bank and ceased to exist as an independent entity.

Below is a list of some important events in banks history, including mergers and acquisitions.

1993-05-20Institution established. Original name: Peninsula Bank, National Association.

1993-05-20Acquired Palos Verdes National Bank in Rolling Hills Estates, CA.

1993-06-01Changed Institution Name to Peninsula National Bank.

1995-11-30Changed Institution Name to Bay Cities National Bank.

1995-11-30Main Office moved to 1333 South Pacific Coast Highway, Redondo Beach, CA 90277.

1995-11-30Acquired Bay Cities National Bank in Redondo Beach, CA.

2010-09-30Institution withdraws from membership in the Federal Reserve System.

2010-09-30Changed Chartering Agency to State.

2010-09-30Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2010-09-30Changed Primary Federal Regulatory Agency to FDIC.

2010-09-30Changed Institution Name to Opus Bank.

2010-10-01Changed Institution Name to Opus Bank.

2011-06-30Acquired Cascade Bank in Everett, WA.

2011-10-31Main Office moved to 19900 Macarthur Blvd., 12th Floor, Irvine, CA 92612.

2011-10-31Acquired Fullerton Community Bank, Fsb in Fullerton, CA.

2011-10-31Changed Institution Name to Opus Bank.

2014-03-10Changed Institution Name to Opus Bank.

2020-06-01Merged and became part of Pacific Premier Bank in Irvine, CA.