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-HomeStreet to acquire Silvergate Bank's business lending team and San Marcos retail branch

Nov 20, 2018 - Global Banking News

Global Banking News - 20 November 2018

HomeStreet Inc. (NASDAQ:HMST), the parent company of HomeStreet Bank, and Silvergate Bank, a California commercial bank, have said they have signed a definitive agreement under which HomeStreet Bank will acquire the San Marcos, California, retail branch of Silvergate, as well as its business lending team.

Subject to customary closing conditions including regulatory approvals, the parties expect to close the transaction in the first half of 2019....