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Opus Bank Names Wong to Southern California Commercial Banking Team

September 17, 2015, 07:48 AM

Opus Bank announced Derrick Wong has joined Opus as Managing Director, Senior Client Manager – Commercial Banking, San Diego. Wong, an 11-year banking and finance veteran, is focused on expanding Opus’ commercial and corporate client base in the San Diego metropolitan region.

Geoff Coar, Senior Managing Director, Head of Commercial Banking – Southern California Region, stated, “We are proud to have Derrick join Opus’ Commercial Banking team in San Diego. Derrick is a deeply rooted banker in the San Diego region who shares Opus’ approach to relationship-based banking, where our bankers are viewed as trusted advisors in their approach to delivering tailored financial solutions to those entrepreneurs, businesses, and middle market companies with the vision and ability to expand and grow.” Coar added, “I anticipate that Derrick’s decade of experience and success providing debt financing, depository, treasury/cash management, and advisory solutions to growth oriented middle-market businesses in San Diego will add to the success Opus has already achieved having funded over $350 million of loans in the San Diego region in just the past two years.”

Wong joins Opus most recently from Union Bank’s Commercial Banking Group in San Diego where he served as Vice President of Business Development and focused on developing new relationships with middle -market companies. From 2012 to 2013, Wong served as Vice President of Business Development within Wells Fargo’s Commercial Banking Group in San Diego, where he managed business development efforts for the wholesale banking group, providing financial products, services, and solutions to middle-market companies with revenues up to $1 billion. From 2006 to 2012, he served as Vice President of Client Development for Celtic Capital Corporation, where he provided asset-based financing solutions to middle-market companies in the manufacturing, technology, and distribution sectors. Wong began his career with AIG’s Private Client Group.

Opus Bank is an FDIC insured California-chartered commercial bank with over $5.8 billion of total assets, $4.6 billion of total loans, and $4.6 billion in total deposits as of June 30, 2015.

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