Irvine, California-headquartered Opus Bank, which caters to high net worth individuals, is set to open five new banking offices in metropolitan areas of California and Washington, as part of a planned organic expansion.

The five new locations are Danville, Contra Costa County, CA; Long Beach, Los Angeles County, CA; Laguna Niguel, Orange County, CA; Del Mar, San Diego County, CA; and Kirkland, King County, WA.

All the new offices are set to open in either the final quarter of this year or the first quarter of 2012.

“We are continuing to strategically expand our network of banking offices in the major metropolitan areas up and down the West Coast," said Stephen Gordon, chairman, chief executive and president of the bank.

There are further office launches expected, and the firm is in the process of negotiating lease agreements for eight premises in Southern California, the San Francisco Bay Area, and the Seattle/Puget Sound metropolitan area.

Opus Bank has $2.2 billion of total assets, $1.1 billion of total loans, and $1.4 billion in total deposits as of 30 June 2011 and currently has 29 offices. In June it entered a definitive agreement to acquire RMG Capital Corporation and its bank subsidiary Fullerton Community Bank, which has eight full-service offices in northern Orange County, CA.