Opus Bank is a California-based bank that offers personal and business banking, treasury management, income property banking, and home loans. In keeping with its community-driven focus, the bank publicly announces capital funding amounts it intends to allocate to businesses in the region.
Opus Bank’s personal banking products give consumers a way to save and are offered in the form of checking, savings, money market, and CD accounts. Personal credit cards are also available to help facilitate credit building and cash back rewards. Checking account options come with a monthly service charge, which can be avoided by fulfilling certain account requirements. Opus Bank savings and money market accounts function in much the same way, offering increased levels of interest based on how much is in a given account. Certificates of deposit (CDs) are fixed rate accounts and available in term lengths from 1 to 60 months. The bank also features retirement, health, and education savings accounts that provide more customized set of features for qualifying customers.
Opus Bank online banking provides a web-based platform for customers to view their account activity, make transfers between Opus Bank accounts, pay bills, and set various alerts. Mobile banking apps are also available and make it easy and convenient for customers to manage their accounts via smartphones while on the run. Opus Bank is part of a network of tens of thousands of ATMs that provide account holders with fee free access to their funds.
Opus Bank was initially organized as the Peninsula National Bank in 1993. It changed its institution name with the FDIC to an insured commercial bank in 2010, before moving its headquarters to Irvine, California, just outside of Los Angeles, in 2011. The bank serves its customers through multiple branches located in and around the Los Angeles area.
I am a Fullerton Community bank customer that was very happy with my totally free checking account. I loved the level of service and that it was a small community bank. It was bought by Opus. My totally free checking account now costs 9 dollars a month not to mention all the other fees. They now deduct the maximum amount they can from my acct when getting gas and they don't clear the hold for 72 hours even though the real charge has been recorded. I called my local branch's phone number only to be routed to a customer service line located in Washington state. While the CSA was professional she claimed the hold was the fault of the gas station. Hmmmm I don't think so since I have been getting gas there for 5 years and this is the first time there has ever been a hold on 126.00. I can not afford a $126 72 hour hold every time I pump gas. I guess it is time to find a new bank.
I haven't switched banks yet but I'm looking. Most of my friends that I convinced to move over to FCB have left Opus. This is no longer a family business friendly bank. The new on line banking site is terrible. I've started getting hit with the fees. You may as well talk with the ATM if you have a question. The tellers are now robots. You get I'll inform management of your request (AKA you will get no answer). I'm sad to see FCB go. They were a great bank.
|FDIC Certificate #||33806|
|Return on Assets - YTD||0.52%|
|Return on Equity - YTD||3.72%|
|Annual Interest Income||$138.6MM|
|Assets and Liabilities|
|Assets||Q2 2019vs Q2 2018||$7.86B$7.19B|
|Loans||Q2 2019vs Q2 2018||$5.81B$5.01B|
|Deposits||Q2 2019vs Q2 2018||$6.23B$5.94B|
|Equity Capital||Q2 2019vs Q2 2018||$1.06B$1.03B|
|Loan Loss Allowance||Q2 2019vs Q2 2018||$57.7MM$59.2MM|
|Unbacked Noncurrent Loans||Q2 2019vs Q2 2018||$21.2MM$40.4MM|
|Real Estate Owned||Q2 2019vs Q2 2018||$0$0|
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|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|2.00%||$10k||-||18 Month CD - New Money|
|1.90%||$10k||-||12 Month CD - New Money|
|1.70%||$10k||-||24 Month CD - New Money|