Opus Bank Ranked #1 Deposit Market Share for Community Banks in Snohomish County, WA

IRVINE, Calif., Nov 28, 2011 (BUSINESS WIRE) — Opus Bank announced today that it holds the highest deposit market share of any community bank in Snohomish County, Washington, as well as in the cities of Marysville and Snohomish, and has the highest deposit market share of any bank in the city of Everett, according to information available from www.fdic.gov .

Additionally, Opus Bank holds the highest deposit market share of any community bank in the cities of Edmonds, Issaquah, and Sammamish, located in King County, Washington. With total deposits of approximately $1.4 billion at September 30, 2011, Opus Bank has $666 million of deposits in Snohomish County, $56.8 million in the city of Edmonds, $100.3 million in the city of Issaquah, $33.5 million in the city of Sammamish, $56.2 million in the city of Marysville, $61.0 million in the city of Snohomish, and $355.6 million in the city of Everett.

Stephen H. Gordon, Chairman and Chief Executive Officer of Opus Bank, stated, “As we grow Opus Bank across the Western region, our success at meeting and exceeding our clients’ expectations is proven by the steady growth of our clients’ deposit balances. Our existing and new clients value the quality and
experience of our teams of bankers, breadth and depth of our banking products and services, convenience of our growing number of locations, and our commitment to the communities in which our banking offices and bankers are located.” Gordon added, “Much of our growth has come from those who have become increasingly dissatisfied with the larger banks, those same banks that participated in the devastation of our local economies, who were subsidized with taxpayer dollars and then returned the favor by arrogantly attempting to charge unnecessary junk fees.” Gordon concluded, “Opus Bank values its clients, welcomes its newest clients, and looks forward to developing expanded client relationships throughout the Seattle Metropolitan region. We believe that strong, well-capitalized banks can and should initiate positive change in their communities and improve their local economies. Opus Bank is focused on taking the lead on this effort in the communities we serve up and down the West Coast.”

Story Courtesy of Business Wire