Patton Boggs Leads Opus Bank In $100M Capital Injection

Law360, New York (October 28, 2011, 3:02 PM EDT) -- Opus Bank, a relationship banker that targets wealthy individual and corporate clients, has raised $100 million in new capital from three investment firms including private equity giant Fortress Investment Group LLC, the bank said Friday.

Opus Bank CEO Stephen H. Gordon, who joined forces with New York-based Fortress last fall in a $460 million recapitalization plan that transformed Bay Cities National Bank into the current Irvine, Calif.-based Opus, said the additional equity would support continued growth, both organically and through acquisitions.

The two other key investors...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.