{{short description|American bank}} {{Redirect|Continental, Inc.|other companies with similar names|Continental (disambiguation){{!}}Continental}} {{Infobox company | name = HomeStreet Inc. | logo = HomeStreet logo.jpg | logo_size = 140px | type = Public | traded_as = {{NASDAQ|HMST}} | industry = Commercial banking | founded = {{start date and age|1921}}, in Seattle, Washington, United States | location = 601 Union Street<br>Seattle, Washington, United States | num_locations = 67<ref>{{cite web|url=https://www.homestreet.com/about-us|title=HomeStreet Bank About Us|website=www.homestreet.com}}</ref> | key_people = Mark Mason (chairman and CEO) | products = Checking accounts<br />Savings accounts<br />Retirement accounts<br />Mortgage loans<br />Personal investing<br />Private banking<br />Business loans | revenue = {{profit}} US$264.32 million (2019) | net_income = {{profit}} US$17.51 million (2019) | assets = $6.8 billion (December 31, 2019) | num_employees = 1,071 (December 31, 2019) | website = {{url|https://homestreet.com/}} }} '''HomeStreet, Inc.''', d.b.a '''HomeStreet Bank''', together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii.
Currently headquartered in Seattle, Washington,<ref>{{Cite web|url=https://www.housingwire.com/articles/47555-for-nearly-100-years-this-community-bank-has-made-homeownership-personal|title=For nearly 100 years, this community bank has made homeownership personal|website=www.housingwire.com|language=en|access-date=2018-12-13}}</ref> the company was founded as Continental Mortgage and Loan Company in 1921 by W. Walter Williams.<ref>{{cite web |last1=Flom |first1=Eric L. |title=Williams, W. Walter (1894-1983) |url=https://www.historylink.org/File/7193 |website=HistoryLink |access-date=April 29, 2022 |date=January 3, 2005}}</ref> After its name changed to Continental Savings Bank in 1986,<ref>{{cite news|title=Continental Savings Bank changing name|date=6 April 2000|publisher=Seattle Times|author=Tyrone Beason|url=https://archive.seattletimes.com/archive/20000406/4013841/continental-savings-bank-changing-name|access-date=27 December 2018}}</ref> its name changed again to HomeStreet Bank in May 2000. <ref>{{Cite web|url=https://archive.seattletimes.com/archive/20000406/4013841/continental-savings-bank-changing-name|title=Business {{!}} Continental Savings Bank changing name|website=community.seattletimes.nwsource.com|access-date=2019-01-10}}</ref>
After the 2008 financial crisis, the bank suffered heavy losses.<ref name=timesIPO>{{Cite web |url=https://www.seattletimes.com/business/homestreet-bank-nets-89-million-in-ipo/|title=HomeStreet Bank nets $89 million in IPO|last=staff|first=Seattle Times|date=2012-02-15|website=The Seattle Times|language=en-US |access-date=2018-12-14}}</ref><ref>{{cite web|title=HomeStreet Bank's parent company plans IPO |url=https://www.seattlebusinessmag.com/blog/homestreet-banks-parent-company-plans-ipo|date=13 May 2011 |publisher=Seattle Business|accessdate=27 December 2018}}</ref> In 2012, in order to satisfy regulatory capital requirements, it raised $89 million in an IPO, ending four generations of control by the Williams family.<ref name=timesIPO />
In 2018, it won a court case following its attempt to stop a hedge fund placing its own candidates on the board.<ref>{{cite news|url=https://www.wsj.com/articles/new-activist-is-dealt-a-second-blow-in-homestreet-fight-1526939476|title=New Activist Is Dealt a Second Blow in HomeStreet Fight|date=21 May 2018|work=The Wall Street Journal|accessdate=27 December 2018|author=Cara Lombardo}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/christopherskroupa/2018/05/01/evolving-shareholder-trends-takeaways-from-the-homestreet-bank-proxy-fight/#694c13e650ad|archive-url=https://web.archive.org/web/20181227181429/https://www.forbes.com/sites/christopherskroupa/2018/05/01/evolving-shareholder-trends-takeaways-from-the-homestreet-bank-proxy-fight/#694c13e650ad|url-status=dead|archive-date=December 27, 2018|work=Forbes|title=Evolving Shareholder Trends: Takeaways From The HomeStreet Bank Proxy Fight|date=1 May 2018|accessdate=27 December 2018|author=Christopher P. Skroupa}}</ref> In November, it was announced that the bank would acquire the San Marcos, California retail branch and business lending team of Silvergate Bank, expecting to complete these transactions in the middle of the following year.<ref>{{Cite web|url=https://www.businesswire.com/news/home/20181116005044/en/HomeStreet-Bank-Acquire-Business-Lending-Team-San|title=HomeStreet Bank to Acquire Business Lending Team and San Marcos Retail Branch of Silvergate Bank|date=2018-11-17|website=www.businesswire.com|language=en|access-date=2018-12-28}}</ref>
On March 24, 2020, HomeStreet suspended its $27 million stock buyback plan during the COVID-19 pandemic.<ref>{{cite news|url=https://www.seattletimes.com/business/homestreet-suspends-27m-stock-buyback-plan-during-coronavirus-crisis/|date=March 24, 2020|newspaper=The Seattle Times|title=HomeStreet suspends $27M stock buyback plan during coronavirus crisis}}</ref>
On September 2, 2025, it was reported that the firm completed the merger of its operations with those of Mechanics Bank, whose name and banking corporation remained after the transaction.<ref>{{Cite web|url=https://finance.yahoo.com/news/mechanics-bank-completes-strategic-merger-120000769.html|title=Mechanics Bank Completes Strategic Merger with HomeStreet, Inc.|work=Yahoo! Finance|access-date=2025-10-06|language=en}}</ref>
== Sponsorships ==
* Seattle Seahawks<ref>{{Cite web|url=https://www.seahawks.com/team/partner-with-the-seahawks?campaign=sf:fanshare:facebook|title=Partner With The Seahawks {{!}} Seattle Seahawks – Seahawks.com|website=www.seahawks.com|language=en-US|access-date=2018-12-14}}</ref> * Miss Madison, an H1 Unlimited hydroplane<ref>{{Cite web|url=https://www.homestreet.com/misshomestreet|title=Miss HomeStreet Unlimited Hydroplane {{!}} HomeStreet Bank|website=www.homestreet.com|access-date=2018-12-14}}</ref> * Seafair
alt=Madison Park location in Seattle, WA|thumb|Madison Park location in Seattle, WA|center
==References== {{reflist}}
Category:American companies established in 1921 Category:Banks established in 1921 Category:Banks based in Washington (state) Category:Companies based in Seattle Category:Companies listed on the Nasdaq Category:2025 mergers and acquisitions