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Irvine, Calif.-based Opus Bank is hopeful that recent efforts to remediate problem loans will allow the company to enter 2018 with its sights on improving its core businesses.
Opus Chairman, President and CEO Stephen Gordon said management is ready to look forward after a year of focusing on reducing legacy portfolios and improving overall credit quality. During the fourth quarter of 2017, Opus reduced its enterprise value loans by 13%, technology banking loans by 6%, and healthcare practice loans by 11%. Year...