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Pasadena, CA, March 30, 2011 – OneWest Bank, one of the largest regional banks in Southern California, today named Brian Brooks as a Vice Chairman. Mr. Brooks will be based in OneWest's corporate headquarters in Pasadena, California, and will assume the position effective May 2, 2011.

Mr. Brooks brings broad legal, regulatory, and financial policy experience to his position at OneWest. Prior to joining OneWest, Mr. Brooks headed the Washington, D.C. office of the international law firm O'Melveny & Myers LLP, where he also chaired the firm's financial services practice group and served as a member of the firm’s three-partner Executive Committee. At O'Melveny, Mr. Brooks was involved in some of the most important financial regulatory and enforcement issues of the past decade, including representing former Federal Reserve Chairman Alan Greenspan and other clients before the Financial Crisis Inquiry Commission; negotiating the settlement of the largest financial privacy class action in U.S. history; and defending litigation and investigations brought by state attorneys general, federal agencies, and others. Mr. Brooks has represented OneWest as outside counsel since early 2010.

"At a time when the banking industry faces a complex and evolving regulatory landscape, we are fortunate to have a nationally recognized thought leader like Brian join our team," said Steven Mnuchin, Chairman of OneWest Bank.

"Brian will add to the depth of the OneWest senior management team, and will play an important role in helping us execute on our strategy of becoming the leading regional bank headquartered in Southern California," added Joseph Otting, OneWest's President and Chief Executive Officer.

"OneWest is on an important mission to work with its customers to bring growth to a region which has been severely impacted by the financial crisis, and its management team is second to none. I look forward to working with OneWest's employees, customers, and communities as we navigate the evolving regulatory landscape and build a strong and sustainable brand," said Mr. Brooks.

Media Contact:
Sard Verbinnen & Co
Charles Sipkins
(310) 201-2040