Opus Bank in Irvine, Calif., has hired a veteran risk manager to structure senior debt for commercial and specialty banking.
The $7.7 billion-asset bank said in a press release Tuesday that Volkan Salar was appointed senior credit administrator of commercial banking.
Salar previously served as a credit products market manager with BBVA Compass' corporate risk management group, where he oversaw the growth and management of a $2.5 billion commercial-and-industrial loan portfolio. Before that, he was a portfolio risk manager at Sterling Bank.
Salar "is a highly regarded banking veteran with a deep understanding of, and significant experience in, structuring credit products, services, and solutions for middle-market businesses and corporations." Stephen Gordon, Opus' president and chief executive, said in the release.
Opus earlier this month
The company recently reported a third-quarter loss tied to nearly $39 million in chargeoffs on eight loans in its technology, commercial and specialty lending divisions.