Stephen Rosenman
Long/short equity, Deep Value, special situations

Opus Bank: Can History Repeat Itself?

In 2010, during the height of the Great Recession, Stephen Gordon launched Opus Bank (NASDAQ:OPB), intent on creating a Western banking powerhouse. The timing could not have been more audacious. Only 8 other banks were formed that year while over 150 failed. Born in the worst banking crisis in 70 years, Opus Bank has already become one of the fasting growing banks, expanding its footprint in California, Washington, Arizona, and Oregon. In less than four years, Opus has gone from zero to over $4.7 billion in assets and from zero to 58 offices, through a series of opportunistic acquisitions and branch openings - all the more impressive considering the lack of growth experienced by the vast majority of...

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