HomeStreet Bank Acquires Boston Private Bank & Trust Company’s Granada Hills and Burbank Branches

HomeStreet Bank Acquires Boston Private Bank & Trust Company’s Granada Hills and Burbank Branches
14.11.2016 06:30 am

HomeStreet Bank Acquires Boston Private Bank & Trust Company’s Granada Hills and Burbank Branches

M&A Deals

HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. , yesterday completed its previously announced purchase of two retail deposit branches and related deposit accounts from Boston Private Bank & Trust Company (“Boston Private”).  The branches, located in southern California, are expected to add approximately $104 million in deposits and increase the bank’s retail deposit branch network to 13 in southern California.

“We are happy to welcome the Boston Private branches to our network of branches in southern California,” said Mark K. Mason, HomeStreet chairman, president and CEO. “The branches are located in one of the most attractive markets in the United States and the branch staff members have excelled in providing quality customer service to meet the financial needs of the community. We look forward to continuing and enhancing those relationships in Granada Hills and Burbank, as well as the surrounding communities.”

The branches will begin operating as HomeStreet Bank branches on Monday, November 14, 2016.

Related News

Nostra MSP acquires Brandon Global

Nostra, an independent, Irish owned and managed MSP company headquartered in Lucan, Co. Dublin has acquired Brandon Global IT for an... Read more »

Financial conglomerate SBI to acquire $30MM stake in digital asset firm B2C2

B2C2, the trading firm of choice in the institutional crypto markets, announced that SBI Financial Services (a subsidiary of SBI Holdings, "... Read more »

Rise in M&A predicted as retail banks navigate post-COVID crash, latest Kearney analysis reveals

Analysis from global consultancy partnership Kearney predicts a rise in mergers and... Read more »

MFS Africa Acquires Beyonic, Bringing Cross-Border Digital Payments to SMEs Throughout Africa and Beyond

Pan-African cross-border payments leader MFS Africa today announced that it has acquired ... Read more »

FIME expands testing & consultancy offering with the acquisition of CETECOM Payment activities in the U.S.

Payments testing and consultancy expert, ... Read more »

Elaia and Bpifrance acquire stakes in iBanFirst in a €21 million third round of funding

Global financial services provider iBanFirst, delivering solutions across banking borders, has announced that it will continue to expand with the help of venture capital funds... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel