Opus Bank announced the formation of its Media and Entertainment Banking division, which is responsible for providing capital financing and banking solutions to clients within the following industry sectors: television, music, digital media, broadcasting, sports and film, as well as the businesses that support those industries.

Jeffrey Zaks, a 12-year banking and entertainment veteran, joined Opus as senior managing director, head of Media and Entertainment Banking to launch and lead the new division.

Zaks joined Opus from CIT, following its acquisition of OneWest in August 2015, where he served as vice president of Media and Entertainment Finance, having joined OneWest Bank in 2011. While at OneWest, Zaks sourced, structured and underwrote approximately $1 billion of transactions for the Media and Entertainment Finance Group.

Zaks’ background includes seven years of experience working within the media and entertainment industry, most recently with Disney ABC Television Group, where he sourced, analyzed and negotiated new opportunities for the digital media group. Earlier, Zaks held business development, finance and analyst roles with leading companies within the media and entertainment industry including Summit Entertainment, Endemol USA and 2929 Productions. Zaks began his career in 2004 with the William Morris Agency.

“We are pleased that Jeff has joined Opus to lead our new Media and Entertainment Banking division.” Allison added, “Jeff’s significant media and entertainment banking experience, as well as his many years working within the industry, provides a unique balance of knowledge and experience, upon which he relies to structure and deliver sophisticated, client-centric solutions.” said Michael Allison, co-president of Opus and president of the commercial bank. “We expect that under Jeff’s leadership, Opus’ Media and Entertainment Banking division will achieve considerable success growing its client base and market presence as we further execute on our Commercial and Specialty Banking focused niche strategy and leverage our deep banking presence up and down the West Coast.”