FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Boba Joins Opus Bank in Healthcare Banking Division Expansion

January 06, 2014, 08:03 AM

Opus Bank announced Randall “Randy” Boba has joined Opus Bank’s Healthcare Banking division as First Vice President, Senior Portfolio Manager/Underwriter. He will be responsible for the structuring and underwriting of debt financing solutions provided to Opus’ Healthcare Banking clients and the ongoing portfolio management of those credits and relationships.

Stephen H. Gordon, Chairman, Chief Executive Officer, and President of Opus Bank stated, “We are pleased to welcome Randy Boba to Opus Bank. We anticipate that his contributions will be immediately impactful as we continue to meaningfully grow Opus’ Healthcare Banking division with the goal of becoming the premier financial institution partner to those healthcare providers, practices, and professionals who share our vision to expand and grow.”

Opus’ Healthcare Banking division focuses on providing relationship-based debt financing and customized banking solutions to meet the particular needs of dental, medical, veterinary, and ophthalmology healthcare professionals and group practices for acquisitions and expansions, partner buy-ins and buy-outs, equipment financing, and facilities acquisitions, improvements, and relocations, as well as to meet the needs of providers including hospitals, skilled nursing and assisted living facilities, hospice centers, memory care, home health agencies, outpatient care centers, healthcare systems, medical technology companies, laboratories, pharmaceutical companies, healthcare-related manufacturing companies, and service providers to those in the healthcare industry.

Donika Schnell and Evan Barker, Co-Heads of Opus Bank’s Healthcare Banking division added, “Given the rapidly changing healthcare environment, industry specific knowledge and experience is critically important. Opus’ Healthcare Banking clients will directly benefit from the unique expertise that Randy has developed in structuring and delivering tailored financial solutions and from his diverse background in all aspects of healthcare banking including, underwriting, portfolio management, and loan origination.”

Boba, a 22-year banking and finance veteran, joins Opus Bank most recently from Wells Fargo Capital Finance (“Wells Fargo”), where he served as a Vice President within its Healthcare group. From 2012 to 2013, Boba led the underwriting process for Wells Fargo’s middle market healthcare banking efforts, including the due diligence, documentation, and closing of both asset-based and cash flow-based capital financing. From 2010 to 2012, he served as a Director of White Oak Merchant Partners, where he focused on providing debt financing to companies in the healthcare and energy industries. From 2007 to 2009, Boba served as a Restructuring Officer for CapitalSource Finance, where he managed a $100 million portfolio of troubled and distressed senior and subordinated credits. Earlier in his career, Mr. Boba served in similar positions with GE Capital Corporation – Global Sponsor Finance, FINOVA Capital Corporation – Healthcare Finance, and First Source Financial. Mr. Boba started his career within the Private Client Group of Merrill Lynch.

Opus Bank is an FDIC insured California-chartered commercial bank with $3.5 billion of total assets, $2.6 billion of total loans, and $2.5 billion in total deposits, as of September 30, 2013.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.