Daily News: January 6, 2014

Former WFCF VP Joins Opus Bank Healthcare Banking Division

Opus Bank announced that Randall “Randy” Boba joined its Healthcare Banking division as first vice president, senior portfolio manager/underwriter. Boba will be responsible for the structuring and underwriting of debt financing solutions provided to Opus’ Healthcare Banking clients and the ongoing portfolio management of those credits and relationships.

Boba, a 22-year banking and finance veteran, joins Opus Bank most recently from Wells Fargo Capital Finance where he served as a vice president within its Healthcare group. From 2012 to 2013, Boba led the underwriting process for Wells Fargo’s middle-market healthcare banking efforts, including the due diligence, documentation, and closing of both asset-based and cash-flow-based capital financing.

From 2010 to 2012, Boba served as a director of White Oak Merchant Partners, where he focused on providing debt financing to companies in the healthcare and energy industries. From 2007 to 2009, He served as a restructuring officer for CapitalSource Finance, where he managed a $100 million portfolio of troubled and distressed senior and subordinated credits. Earlier in his career, Boba served in similar positions with GE Capital Corporation – Global Sponsor Finance, FINOVA Capital – Healthcare Finance and First Source Financial. He started his career within the Private Client Group of Merrill Lynch.

Stephen H. Gordon, chairman, chief executive officer and president of Opus Bank stated, “We are pleased to welcome Randy Boba to Opus Bank. We anticipate that his contributions will be immediately impactful as we continue to meaningfully grow Opus’ Healthcare Banking division with the goal of becoming the premier financial institution partner to those healthcare providers, practices, and professionals who share our vision to expand and grow.”