The boardof Opus Bank approvedincreasing its quarterly cash dividend by 11% to 20 cents per share. The latestdividend is payable on Aug. 18 to shareholders of record as of Aug. 4.

The Irvine,Calif.-based company reported second-quarter net income of $16.1 million, or 46cents per share, compared to net income of $17.5 million, or 52 cents pershare, for the year-ago quarter.