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Investments

Oct. 8, 2010

Opus Bank Raises $460 Million

California lawyers had a hand in the $460 million recapitalization last week of Irvine-based Opus Bank, formerly known as Bay Cities National Bank. The stock sale raised new capital from 25 private equity investors.

By Jill Redhage

Daily Journal Staff Writer

California lawyers had a hand in the $460 million recapitalization last week of Irvine-based Opus Bank, formerly known as Bay Cities National Bank. The stock sale raised new capital from 25 private equity investors.

Lawyers from Manatt, Phelps & Phillips led by Los Angeles-based corporate partner Barbara Polsky advised Bay Cities in the transaction, with assistance from San Franci...

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