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PENSCO RECOGNIZED AS ALTERNATIVE ASSET LEADER FOR ITS ENHANCED ALTNAV™ TECHNOLOGY AT 2018 WEALTHMANAGEMENT.COM AWARDS

Press Release

San Francisco, Calif. – September 25, 2018 – PENSCO Trust Company (“PENSCO”) announced today that its Alt-Nav™ technology was the recipient of the prestigious 2018 WealthManagement.com Industry Award in the category recognizing Custodians (Emerging – Less than $25B) in Alternative Assets. PENSCO’s Alt-Nav solution streamlines opening, funding, and investing in alternatives using individual retirement accounts (“IRA”).

PENSCO Trust Company, a wholly-owned subsidiary of Opus Bank (“Opus”) (NASDAQ: OPB), is a leading alternative asset IRA custodian with $14 billion of assets under custody and nearly three decades of expertise providing custodian services for self-directed IRAs, qualified plans, and other self-directed accounts that are invested in alternative assets, including private equity, real estate, notes, cash, and other non-exchange traded assets.

In 2015, PENSCO launched Alt-Nav, which enables investors and/or their advisors to provide information to open a self-directed IRA account, fund the new account, and initiate an alternative asset investment, all online. Beginning in 2017, PENSCO further enhanced the AltNav process with back office platforms that improved operational efficiencies and included the launch of a new automated transfer platform. These enhancements enabled improved scalability and turnaround times, increased efficiency, and created a better client experience.

With the new transfer platform, PENSCO, a DTC bank participant, is able to reduce the time for a transfer from weeks to days with other ACATS-enabled institutions. Having enhanced the back office platform and developed fund operational platforms, PENSCO this year built new APIs as part of its Custodian Connect™ initiative. With these APIs, asset sponsors, financial advisors, and investment platform partners can seamlessly provide all the necessary data to PENSCO to open and fund an account.

Curtis Glovier, Chairman and CEO of PENSCO, stated, “We are honored to receive this recognition. Alt-Nav is an innovative solution that is helping transform the alternative investing process from one that has been slow and administratively burdensome, to one that is streamlined and transparent with increased administrative accuracy despite the inherent complexity.” Mr. Glovier added, “At a time when investors are increasingly looking at alternatives for diversification, tools like Alt-Nav are at the forefront of innovation by serving as catalysts and enablers for new investment opportunities.”

Now in its 4th year, the WealthManagement.com Industry Awards recognize the creativity, success, and excellence of firms like PENSCO that serve the financial advisor community and support financial advisor success. For 2018, an independent panel of 11 industry experts selected winners from among a record 600 entries.

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About PENSCO Trust Company

PENSCO Trust Company has been helping investors use their retirement account funds to invest in real estate, private equity and other non-exchange traded assets since 1989. As the trusted custodian of $14.0 billion in assets and more than 50,000 client accounts, PENSCO works with financial institutions, capital raisers and financial advisors, as well as self-directed investors who typically have a point of view about alternative investments based on their own knowledge or expertise and want to put their tax-advantaged retirement dollars to work in these opportunities. To learn more, visit www.pensco.com.

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About Opus Bank Opus Bank is an FDIC insured California-chartered commercial bank with $7.2 billion of total assets, $5.1 billion of total loans, and $5.9 billion in total deposits as of June 30, 2018. Opus Bank provides superior ideas and solutions, and banking products to its clients through its Retail Bank, Commercial Bank, and Merchant Bank. Opus Bank offers a suite of treasury and cash management and depository solutions and a wide range of loan products, including commercial, healthcare, media and entertainment, corporate finance, multifamily residential, commercial real estate and structured finance, and is an SBA preferred lender. Opus Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Escrow and Exchange divisions. Opus Bank provides clients with financial and advisory services related to raising equity capital, targeted acquisition and divestiture strategies, general mergers and acquisitions, debt and equity financing, balance sheet restructuring, valuation, strategy and performance improvement through its Merchant Banking division and its broker-dealer subsidiary, Opus Financial Partners, LLC, Member FINRA/SIPC. Opus Bank’s alternative asset IRA custodian subsidiary has $14 billion of custodial assets and approximately 49,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank operates 48 banking offices, including 29 in California, 16 in the Seattle/Puget Sound region in Washington, two in the Phoenix metropolitan area of Arizona and one in Portland, Oregon. Opus Bank is an Equal Housing Lender. For additional information about Opus Bank, please visit our website: www.opusbank.com.

Forward-Looking Statements

This release may include forward-looking statements related to Opus’ plans, beliefs and goals, which involve certain risks, and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The forward-looking information presented in this press release is not a guarantee of future events, and actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “intend” or “expect” or variations thereon or similar terminology. All such statements speak only as of the date made, and Opus undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

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