Opus in Calif. Promotes Lending Officers to Executive Team

Opus Bank in Irvine, Calif., which reported a third-quarter loss tied to credit issues, has elevated two lending officers to executive-level posts.

The $7.7 billion-asset company said in a press release Wednesday that Ed Padilla and Geoff Anfuso had become co-chief lending officers and members of its executive committee. Padilla was named head of commercial real estate; Anfuso was recently promoted to become head of commercial and specialty banking.

The executives "have consistently demonstrated the excellent judgement and passionate leadership necessary to drive disciplined credit-centric growth at Opus," Stephen Gordon, the company's chairman and chief executive, said in the release. "As we scale up our executive leadership team, I now look forward to their contributions to our executive committee and Opus as a whole."

Padilla had previously been the company's president of commercial real estate. Before joining Opus, he was part of JPMorgan Chase Multifamily Finance, where he was a team lead in the special credit's group. Anfuso recently served as Opus' senior managing director of institutional syndications.

Opus has also said it will split its chief credit officer responsibilities to create a role focused solely on commercial and specialty lending. The decision came after the company reported a quarterly loss tied to chargeoffs on eight loans in its technology, commercial and specialty lending divisions.