HomeStreet at a Glance

Based in Seattle, family- and employee-owned HomeStreet Bank is one of the largest privately owned banks in the Northwest and Hawaii.  HomeStreet began in 1921 as Continental Mortgage and Loan Company, initially offering financing for commercial real estate and home mortgages.  HomeStreet evolved into a full service bank in 1986, further expanding its products and services in 2000 to include business banking and lending.  Now in its third generation of family leadership, HomeStreet Bank is one of very few banks in the nation to be consistently recognized by the federal government as “Outstanding” under the Community Reinvestment Act.

Key facts and statistics

• $2.97 billion in assets (as of 7/31/08)
• 590 employees
• 31 deposit and lending branches in Washington, Oregon and Hawaii; residential construction branch in Idaho
• 2007 accomplishments:
  • Nearly 30,000 households bank with HomeStreet
  • Branch deposits increased by 6%
  • Business lending portfolio grew by 35%
  • Provided financing for 6,511 homes
  • Provided $520 million in financing for commercial real estate projects
  • Funded development of more than 1,200 single family units and 2,000 residential lots  
  • Gave more than $700,000 in charitable contributions to community organizations
  • Only bank to be named one of Washington’s Best Workplaces (Puget Sound Business Journal)

Hometown Home Loan Program
HomeStreet Bank’s employer-assisted housing program, the Hometown Home Loan Program, was launched with the City of Seattle in 1994. The program provides discounted home loan services to employees of municipalities and private businesses, as well as a variety of down payment assistance programs for first-time homebuyers.  HomeStreet partners with nearly 40 businesses and municipalities in Washington, Oregon and Hawaii.   

Windermere Mortgage Services
Windermere Mortgage Services Series LLC, a Delaware series limited liability company and an affiliate of HomeStreet Bank, provides mortgage services as a direct lender at the point of sale. Windermere Mortgage Services has mortgage loan consultants in 43 Windermere Real Estate offices in Washington and Oregon.

Business banking
HomeStreet offers a full line of banking and lending products for businesses, including loans and lines of credit customized to suit both new and growing small and medium-size businesses.  Business banking is HomeStreet’s fastest growing area.

Retail banking
HomeStreet’s consumer banking focuses on serving the neighborhoods and communities around branches. We also offer a complete suite of online banking capabilities, including online account opening and paperless statements.

Residential construction lending
HomeStreet Bank provides financing for residential home builders and real estate developers. Loan products include residential construction loans for both speculative and pre-sold residential properties, and land acquisition and development loans for the purpose of developing residential building lots.

HomeStreet Capital
HomeStreet Capital offers competitive services and loans for permanent, construction, bridge, forward, renovation and refinancing of income property projects through a wide range of loan programs including Fannie Mae DUS and HomeStreet Bank portfolio funds.

HomeStreet Insurance
HomeStreet Insurance has been in operation since 1928, providing personal and small business insurance products.  Licensed in Washington and Oregon, HomeStreet Insurance is a full-service, independent agency representing a variety of providers including Encompass, Liberty Northwest, Foremost, Jackson National, Mass Mutual, Progressive, RLI, SAFECO, Superior Underwriters, Symetra Financial, Unigard and Zurich.

HomeStreet in the community
Community involvement has always been a high priority for HomeStreet. HomeStreet supports community organizations by creating active partnerships through providing leadership, hands-on service, expertise, and financial support. HomeStreet also participates in innovative home loan programs that make subsidies and incentives available to low- and moderate-income homebuyers.

HomeStreet’s two primary areas of community focus are housing and homes, and parks and open spaces. In 2004, the HomeStreet Community Housing Awards was launched in support of nonprofit organizations serving housing-related needs. HomeStreet supports regional zoos in the Northwest and Hawaii through its annual Wild About Zoos program, now in its seventh year.  In 2007, HomeStreet launched the HomeStreet Tree Challenge, a matching grant program for supporting the planting and maintenance of trees.  HomeStreet contributes at least two percent of its annual pre-tax profits to organizations in its communities.

In 2006, HomeStreet became the first bank to join the Seattle Climate Partnership.  The company continues to look for ways to incorporate environmentally-friendly practices into its business practices.