Pac-12 and Opus Bank announce multi-year partnership extension

 

SAN FRANCISCO – The Pac-12 today announced a multi-year extension of its successful partnership with Opus Bank (NASDAQ: OPB), which was first formed between the two institutions in September 2016. Based in Irvine, California, Opus Bank will continue as the official bank of the Pac-12 Conference and the official bank sponsor for all Pac-12 championship events, including the Pac-12 Football Championship Game and Men’s and Women’s Basketball Tournaments. In addition, Opus Bank will also continue to have a significant on-air and digital presence across Pac-12 Networks’ platforms and programming.

 

“We are honored to continue our longstanding partnership with Opus Bank as the official bank of the Pac-12 and a sponsor of our championship events,” said Steve Tseng, executive vice president of sales for Pac-12 Networks.  “Their dedication to community and excellence is felt across our Pac-12 landscape, while their continued commitment to our conference is a testament to the strength and value of our universities.”

 

With the extension, Opus Bank will continue to have a significant presence at all 15 of the Pac-12 end-of-season championships and tournaments across the Pac-12 Conference. Additionally, Opus Bank and Pac-12 Networks will partner on a series of custom content around Opus Bank’s “Business Meets Opportunity” campaign. The custom content is expected to feature former Pac-12 student-athletes and affiliated figures who are Opus Bank customers.

 

Paul Taylor, CEO of Opus Bank, added, “We are thrilled to further our relationship with the Conference of Champions. As the official bank of the Pac-12, we look forward to continuing to bridge academics, athletics, community and business across our western markets within the Pac-12’s footprint.”

 

Also included as part of the partnership extension, Opus Bank will continue to receive a number of hospitality benefits across Pac-12 championship events. Opus Bank is one of a number of leading brands that partner with the Pac-12, including 76®, Dr Pepper, Gatorade, GEICO, New York Life, Nike and Unifi, among others.

 

The Conference has a tradition as the “Conference of Champions,” leading the nation in NCAA Championships in 53 of the last 59 years, with 526 NCAA team titles overall. The Conference comprises 12 leading U.S. universities - the University of Arizona, Arizona State University, the University of California, Berkeley, the University of California at Los Angeles (UCLA), the University of Colorado, the University of Oregon, Oregon State University, Stanford University, the University of Southern California, the University of Utah, the University of Washington and Washington State University. For more information on the Conference’s programs, member institutions, and Commissioner Larry Scott, go to Pac-12.com/conference.​

 

Pac-12 Networks is the innovative TV and multimedia company of the Pac-12 Conference and is the first such company to be wholly owned by 12 universities. Pac-12 Networks incorporates one national and six regional television networks, plus extensive digital content accessible through social media, university websites and the Pac-12 Now app. Each year, Pac-12 Networks offers live coverage of 850 sporting events, making it one of the top live sports producers in the country. In addition, Pac-12 Networks creates extensive original programming, provides visibility for marquee football and basketball events as well as traditionally under-served women’s and Olympic sports. Pac-12 Networks also provides training and paid internships for thousands of students of the Pac-12’s member universities, preparing them for careers in media. With headquarters in San Francisco’s SOMA District, Pac-12 Networks draws on the creative, entrepreneurial and technological culture of the Bay Area and nearby Silicon Valley. For more information, go to Pac-12.com.

 

Opus Bank is an FDIC insured California-chartered commercial bank with $7.9 billion of total assets, $5.9 billion of total loans, and $6.2 billion in total deposits as of June 30, 2019. Opus Bank provides commercial and retail banking products and solutions to its clients in western markets from its headquarters in Irvine, California and through 47 banking offices, including 28 in California, 16 in the Seattle/Puget Sound region in Washington, two in the Phoenix metropolitan area of Arizona and one in Portland, Oregon. Opus Bank offers a suite of treasury and cash management and depository solutions, and a wide range of loan products, including commercial, healthcare, media and entertainment, corporate finance, multifamily residential, commercial real estate and structured finance, and is an SBA preferred lender. Opus Bank offers commercial escrow services and facilitates 1031 Exchange transactions through its Escrow and Exchange divisions. Additionally, Opus Bank’s wholly-owned subsidiary, PENSCO Trust Company, has approximately $14 billion of custodial IRA assets and approximately 47,000 client accounts, which are comprised of self-directed investors, financial institutions, capital raisers and financial advisors. Opus Bank is an Equal Housing Lender. For additional information about Opus Bank, please visit our website: www.opusbank.com.