Opus Bank’s Michael L. Allison has resigned from his positions as director, co-president and president of the Commercial Bank and will continue as a consultant.

Allison first joined Opus as executive vice president and chief credit officer in August 2011, was appointed co-president of Opus in March 2013 and president of the Commercial Banking division in June 2013.

Opus Bank is an FDIC-insured California-chartered commercial bank with $7.7 billion of total assets, $6.3 billion of total loans and $6.5 billion in total deposits as of September 30, 2016.