Opus Bank in Irvine, Calif., has created a formal division for lending to municipal governments and has promoted executive Debbie McLeod to lead the venture.
McLeod, who is director of retail strategies at the $6.1 billion-asset bank, will retain her title as her role extends to municipal banking.
McLeod has been with Opus since 2011, when it acquired Cascade Bank in Everett, Wash., where she was a retail banking executive. Before Cascade, McLeod was a regional sales manager and business financial relationship manager at Bank of America.
McLeod has worked with municipalities and other local governments, Chief Executive Stephen Gordon said in a Tuesday news release. Opus has done work with municipal governments since 2011, Gordon said.