G. Malpass “Mal” Durkee has been appointed to Opus Bank’s Board of Directors as a member of the Risk Oversight Committee. Durkee replaces Mark Cicirelli, who concurrently resigned from the board. The total board membership remains at nine.
“On behalf of Opus, I thank Mark for his enduring commitment to Opus since his joining the Board in 2012. We are grateful for Mark’s valuable contributions throughout his tenure and wish him the best,” said Paul G. Greig, chairman of the Opus Board. He added, “I am pleased to welcome Mal and look forward to working with him as a member of Opus’ Board. I have great confidence that Opus will benefit greatly from his deep and broad financial institution advisory knowledge, including in the development and execution of significant strategic initiatives with a number of the nation’s most prestigious financial services firms.”
Durkee currently serves as a strategic advisor to financial services companies, fintechs, and institutional investors. From 2010 to 2013, he served as partner of Corporate Advisory Group at Perella Weinberg Partners, where he focused on providing strategic and financial advice to depository institutions. From 2009 to 2010, Durkee served as special advisor to the chairman and CEO of The Hartford and from 2008 to 2009, as a managing director and co-head of North American Banks at Morgan Stanley. From 1995 to 2007, Durkee served at Merrill Lynch, last serving as managing director, head of Depository Practice.
He began his career in the financial services industry in 1986 at Security Pacific National Bank, where he served as a vice president within the Strategic Planning Group.
Opus Bank is a California-chartered commercial bank with $7.7 billion of total assets, $5.5 billion of total loans, and $6.1 billion in total deposits as of March 31, 2019. It provides commercial and retail banking products and solutions to its clients in western markets from its headquarters in Irvine, CA and through 47 banking offices in California, Washington state, Arizona and Oregon.