Opus Bank, a California-chartered regional commercial bank, filed for an initial public offering with the FDIC on Thursday. No deal size was disclosed, but we estimate the company could raise up to $400 million. The Irvine, CA-based company, which was founded in 2010 and booked $145 million in sales for the fiscal year ended December 31, 2013, plans to list on the NASDAQ under the symbol OPB. J.P. Morgan, Credit Suisse, Sandler O'Neill and Keefe, Bruyette & Woods are the joint bookrunners on the deal. No pricing terms were disclosed.
