Community Bank Vice President in Pasadena Moves to Opus Bank

Published : Tuesday, March 20, 2018 | 6:30 PM

Opus Bank, an FDIC insured California-chartered commercial bank based in Irvine that has a Pasadena office, announced the appointment of former Community Bank executive Adam Russell as Senior Managing Director, Commercial Banking.

A 30-year banking veteran, Russell will be responsible for expanding Opus’ commercial and corporate client base in Southern California’s Inland Empire, an Opus Bank press release said Tuesday.

“We are pleased that Adam has joined Opus to expand our Southern California Commercial Banking coverage into the dynamic Inland Empire market,” said Jim Haney, Executive Vice President and Head of Commercial Banking at Opus Bank. “Adam is a uniquely experienced banker deeply connected to the region through his 30 years in banking, his board service, and as an educator.”

Haney said Russell’s years of experience and considerable success providing debt financing and treasury management solutions to mid-sized businesses and middle market corporations will be impactful, as the bank continues to grow its market presence and relationship-based commercial banking franchise.

At Community Bank, headquartered in Pasadena, Russell served as First Vice President, Team Leader and Relationship Manager since 2016. While there, he was responsible for managing and growing a portfolio of middle market commercial clients in the Inland Empire.

From 2013 to 2016, Russell served as Vice President, Business Development at City National Bank, where he focused on Commercial and Industrial Lending in the Inland Empire market.

He was Senior Vice President and Regional Commercial Banking Manager for Wedbush Bank from 2011 to 2013. He was responsible for launching and growing the commercial banking loan production office in the Inland Empire.

From 2005 to 2011, Russell served as Market President at Mutual of Omaha Bank, where he established and led the bank’s commercial banking office in the Inland Empire.

Between 1997 and 2005, he served as Vice President for Commercial Banking at California Federal Bank (CalFed), and Citibank, subsequent to its purchase of CalFed in 2002.

Currently, he serves as Vice Chairman of the Board of Directors of Enterprise Funding Corp., a Redlands-based Certified Development Company for the U. S. Small Business Administration, as well as Chair of the Business Alliance at California State University, San Bernardino.

Additionally, Russell has served as an Adjunct Professor of Finance at California State University San Bernardino since 2012. He holds a B.A. from the University of California, Los Angeles and an M.B.A. from USC. Russell began his career in 1988 with Bank of America.

Opus Bank has an estimated $7.5 billion in total assets, $5.2 billion in total loans, and $5.9 billion in total deposits as of December 31, 2017. Its alternative asset IRA custodian subsidiary has over $16 billion of custodial assets and over 50,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors.

The bank operates 50 banking offices, including 31 in California, 16 in the Seattle/Puget Sound region in Washington, two in the Phoenix metropolitan area of Arizona and one in Portland, Oregon.

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