HomeStreet Bank Expands Services in Hawaii to Meet Commercial Bank Needs

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SEATTLE – (COMMERCIAL THREAD) – HomeStreet Bank Commercial Banking Division Expands Commercial Services to Honolulu, Hawaii. This latest initiative from HomeStreet aims to provide island business owners large and small with a community banking partner alternative.

“We know how important a strong banking relationship is to business owners of all sizes looking to grow and grow. For this reason, we are excited to expand our successful West Coast operations to Honolulu, ”said Mark K. Mason, President, CEO and Chairman of HomeStreet Bank.

A native of Hawaii, Melitajean “Mel” Racadio will lead business operations on the island. Racadio is a well-known banker in the State of Hawaii for its focus on building and maintaining strong client relationships. She began her career 30 years ago at the Bank of Hawaii and has experience helping corporate clients from a myriad of different industries with their commercial banking and lending needs. It understands the demands of small business owners in niche markets, including private medical and dental practices, as well as manufacturing, industry and hospitality.

“We are thrilled to establish a commercial banking presence in Hawaii in the same year that we commemorate our 100th anniversary,” said David Parr, executive vice president, director of commercial banking services. “The two celebrations go well together,” he added.

About HomeStreet, Inc.

HomeStreet, Inc. (Nasdaq: HMST) (the “Company”) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii through its various operating subsidiaries. The main business of the Company is community banking, including: commercial real estate loans, commercial loans, residential construction loans, single-family residential loans, retail banking, private banking and banking services. assurance. Its main subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. HomeStreet Bank is winner of the 2022 “Best Small Bank” in Washington News week magazine award. Visit www.homestreet.com or our Investor Relations website at http://ir.homestreet.com to learn more.

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