HomeStreet Acquires Former AmericanWest Branch from Banner

HomeStreet in Seattle has bought a branch in Dayton, Wash., from Banner Corp. in Walla Walla, Wash.

The $5 billion-asset HomeStreet did not disclose the price it paid. The sale closed on Tuesday, according to a news release.

The branch had been owned by AmericanWest Bank. The $5.3 billion-asset Banner sold the branch after closing its October acquisition of Starbuck Bancshares, AmericanWest's parent company.

HomeStreet also picked up $25.7 million in deposits and $4.6 million in loans associated with the branch. The purchase increases HomeStreet's total branch count to 44 in Washington, Oregon, California and Hawaii.

For reprint and licensing requests for this article, click here.
M&A Community banking Branch deals Washington
MORE FROM AMERICAN BANKER