Overview of Transaction

• On January 25, 2016, PENSCO Trust Company ("PENSCO") announced its sale to Opus Bank ("Opus") (NASDAQ: OPB) for approximately $104 million (as adjusted) in a mix of cash and stock
• Backed by Panorama Point Partners, PENSCO is a leading custodian of self-directed IRA and alternative investments
• Opus is an FDIC insured California-chartered commercial bank with $6.2 billion of total assets, $5.0 billion of total loans, and $4.9 billion in total deposits, as of September 30, 2015
• Following the transaction, PENSCO will operate as a subsidiary of Opus
• The transaction is expected to close in Q2 2016

Significance of Transaction

• The acquisition positions Opus at the forefront of the alternative asset wealth services business
• PENSCO provides Opus with strong, recurring non-interest income based on assets under custody
• The transaction also presents additional potential revenue opportunities through Opus' Merchant Bank, Commercial Bank, Retail Bank and Opus Financial Partners, Opus' broker-dealer subsidiary

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to PENSCO and its Board of Directors
• Highlights FT Partners' continued success advising a broad range of top-tier companies across the financial technology landscape