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HomeStreet Announces Agreement to Acquire Branch in San Diego County

HOMESTREET INC (HMST)  More Company Research Source: Business Wire
Last homestreet inc earnings: 1/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.homestreet.com
PDF SEATTLE--(BUSINESS WIRE)-- HomeStreet, Inc. (NASDAQ: HMST), the parent company of HomeStreet Bank of Seattle, Washington, today announced that HomeStreet Bank has entered into an agreement to acquire a branch located in El Cajon, California from Opus Bank (“Opus”) of Irvine, California, including approximately $28 million in deposits held at that branch. The transaction is subject to customary closing conditions including receipt of regulatory approval. This acquisition would increase the number of HomeStreet’s retail deposit branches to four in San Diego County and 16 in Southern California. “We are excited to be adding this bank branch to our Southern California network,” said HomeStreet Bank President, CEO and Chairman Mark K. Mason. “Not only is this branch strategically located in the fast growing east San Diego county area, but it is situated near an office of our affinity partner, Kaiser P [Read more]

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