Opus Bank in Irvine, Calif., has launched an initial public offering that could yield as much as $223 million for the company and its shareholders.

Opus is offering approximately 2.8 shares of stock, while shareholders are offering 2.9 shares of stock, according to a preliminary offering filed with the Federal Deposit Insurance Corp. on April 3.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.