Opus Bank to sell $100 million 10-year fixed-to-floating rate notes

By Lisa Kerner

Charlotte, N.C., June 20 – Opus Bank launched an offering of $100 million fixed-to-floating rate subordinated notes due 2026.

Sandler O'Neill + Partners, LP and Keefe, Bruyette & Woods are the joint bookrunners.

Proceeds will be used for general corporate purposes, which may include supporting Opus’ growth and capital, according to a news release.

Opus is a commercial bank based in Irvine, Calif.

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