Opus Bank in Irvine, Calif., has tapped one of its directors to lead a recently acquired business.
The $7.5 billion-asset company said in a press release Thursday that Curtis Glovier had become chairman and chief executive of Pensco Trust Co. He was also named Opus' head of wealth services and senior managing director of the company's merchant banking division.
Glovier, who had been a managing director at Fortress Investment Group, succeeded Kelly Rodriques as Pensco's CEO. Rodriques, who also stepped aside as the unit's president, will remain with Opus as a consultant.
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Opus Bank in Irvine, Calif., has agreed to buy Pensco Trust Co. in San Francisco from Pensco Services.
January 25 -
Opus Bank in Irvine, Calif., reported a profit of $17.1 million in the first quarter, up 56% from a year earlier, as strong loan growth more than offset higher expenses and an uptick in problem loans. Its earnings per share climbed 50%, to 51 cents.
April 25 -
Opus Bank in Irvine, Calif., will cut about 10% of its workforce and cancel contracts for redundant systems and services.
January 11 -
After the financial crisis led to a long nationwide drought in the creation of new banks, the second de novo bank application in less than a year has been submitted in California.
February 25
Patrick Hughes, Pensco's senior vice president of business development, succeeded Rodriques as the unit's president.
Opus bought Pensco from Pensco Services
