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Homestreet Inc Completes Acquisition of Fortune Bank And Yakima National Bank


Friday, 1 Nov 2013 08:30am EDT 

Homestreet Inc announced the completion of its acquisition of Fortune Bank (Fortune) and YNB Financial Services Corp. (YNB), the parent of Yakima National Bank. Immediately following completion of the acquisition, Fortune and Yakima National Bank were merged into HomeStreet Bank. The combined organization had approximately $3.1 billion in assets on a pro forma basis as of September 30, 2013. The acquisition of the two banks, along with the pending acquisition of two retail deposit branches from AmericanWest Bank, increases the number of HomeStreet retail deposit branches to 30 in Washington, Oregon and Hawaii. HomeStreet Bank also operates 41 mortgage loan production offices in the Pacific Northwest, California and Hawaii and four commercial lending offices in the Puget Sound region. 

Company Quote

16.62
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26 Nov 2014