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HomeStreet To Open New Retail Bank Branch In Greater Seattle Area

Stock quotes in this article: HMST 

HomeStreet Bank, a subsidiary of HomeStreet, Inc. (NASDAQ:HMST), today announced the opening of a new retail bank branch in Lynnwood, Wash., 16 miles north of Seattle. The branch will be located at 19405 44 th Avenue West.

“We will continue opening more branches going forward, both in our primary market in Puget Sound and in other attractive markets in the Pacific Northwest and Hawaii,” said Paulette Lemon, senior vice president and retail banking manager. “We are currently evaluating a number of locations in strong Seattle business districts and neighborhoods. We are excited about increasing our retail footprint and the opportunity to serve more middle market businesses and consumers.”

The Lynnwood bank branch will be managed by Allison Gilham, a 20-year banking veteran who comes to HomeStreet from Umpqua Bank.

HomeStreet Bank, a state-chartered, federally insured savings bank, offers consumer and business banking and investment and insurance products and services in Washington, Oregon, Idaho and Hawaii. HomeStreet Bank has consistently received an “outstanding” rating under the Community Reinvestment Act (CRA). Additional information on HomeStreet Bank can be found at www.homestreet.com.



Copyright Business Wire 2010

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