Contact Us

Yakima National Bank Sold to HomeStreet

Flickr, Tax Credits

HomeStreet Bank, a Seattle-based bank, announced it will buy Yakima National Bank for about $10.3 million in order to expand its reach in Eastern and Central Washington.

The Seattle-based bank is drawn to Yakima National’s strong commercial-lending business which will add to the large commercial real estate business HomeStreet already possesses.

The Yakima Herald Republic reports Yakima National Bank president and CEO Jeff Newgard will stay on and serve as HomeStreet Bank’s executive vice president and regional president for Central and Eastern Washington.

Yakima National’s four branches will now be able to take on bigger lending deals because of the backing by HomeStreet’s larger asset base, which allows for larger projects in a variety of areas.

HomeStreet Bank will introduce additional products and the new name with hopes to retain all of Yakima National Bank’s 38 employees.

The deal is pending approval and expected to close by the fourth quarter of this year with only minor changes expected to occur for customers.


Best of KIT

Recommended for You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KIT VIP quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KIT VIP contests, events, coupons, presales, and much more delivered to you for FREE.