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.

 

More from newstalkkit.com

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 points and 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 points, 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 with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://newstalkkit.com using your Facebook account.

*Please note that your points, 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.

Register on News Talk KIT quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on News Talk KIT quickly by logging in with your Facebook account. It's just as secure, and no password to remember!