Opus Bank in Irvine, Calif., has hired a CIT Group banker to lead its new media and entertainment lending group.
The $6.6 billion-asset bank named Jeffrey Zaks senior managing director, according to a Tuesday news release. Zaks previously worked for the $44 billion-asset CIT, as vice president of media and entertainment finance.
Zaks joined CIT through its merger with OneWest Bank, where he sourced, structured and underwrote about $1 billion in transactions for its entertainment finance group. Zaks has also worked for Disney ABC Television Group, Summit Entertainment and 2929 Productions.
Opus' new entertainment group will provide capital financing and banking to the television, music, digital media, broadcasting, sports and film sectors.