HomeStreet Bank in Seattle has hired a longtime banker as its chief commercial banking officer.
Martin A. Steele will manage its commercial lending, cash management-treasury services and investment services, the bank said Thursday. The bank is a unit of the $2.5 billion-asset HomeStreet (HMST).
Steele has 31 years of experience in commercial banking and was previously the chief executive of Charter Bank, where he managed the bank's merger into Boston Private Bank & Trust in 2011. He continued as the regional CEO for Boston Private. He's also held senior management positions with Commerce Bank of Washington and Bank of America (BAC) in the areas of commercial lending, private banking and investment management.
"Marty is a highly accomplished banker and leader," Mark K. Mason, HomeStreet's president and CEO, said in a news release announcing his pick for the newly created position. "We are very pleased to have him on board to help us aggressively grow commercial lending and build on our recent investments in cash management and investment services."
Earlier this year HomeStreet added Small Business Administration loans and the Patriot Express program, an initiative to help military personnel launch or grow small businesses.