Opus Bank in Irvine, Calif., has named a new head of commercial real estate lending after its current leader resigned.
Dan Borland will quit as the $5.6 billion-asset bank's president of commercial real estate banking on June 30. Ed Padilla, head of income property banking, will succeed Borland while also retaining his current position.
Borland will resign from Opus to "pursue other opportunities," the bank said in a news release, without providing specifics.
"Given that we will not be competing against one another in the marketplace, we look forward to the prospect of finding ways of doing business together," Stephen Gordon, Opus' chairman and chief executive, said in the release.