HomeStreet in Seattle has added more banking experience to its board.
The $3 billion-asset company recruited Timothy Chrisman, a former chairman of the Banc of California, to serve as a director. He will serve on the company's human resources and finance committees.
Chrisman retired from Banc of California's board earlier this year. He was chairman during a controversial management shake-up two years ago, when Gregory Mitchell, the Irvine, Calif., company's co-chief executive, departed to run First Tech Federal Credit Union in Beaverton, Ore. Mitchell left shortly after Banc of California said he would share the CEO role with Steven Sugarman, a financier who led the company's 2010 recapitalization.
Chrisman recently served on the board of the Federal Home Loan Bank of San Francisco, and is a founding partner at Chrisman & Co., an executive search firm in Los Angeles. He also was heavily involved with the recent recapitalization of Pan American Bank in Los Angeles. HomeStreet was one of 16 banks to participate in the recapitalization.