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Seattle & Northwest  + Washington  + Finance  | 
Report: Population Growth Powers Boise Retail Market in Q4

Bank of Idaho Acquires HomeStreet Bank Branches, Gains Foothold in East Washington

Bank of Idaho together with HomeStreet Bank have announced that Bank of Idaho will acquire five branches of HomeStreet Bank in Eastern Washington, including their lending business and employees. The transaction is expected to close this summer, subject to customary regulatory approvals.

With the acquisitions, Bank of Idaho’s presence will now extend into Washington with the branch locations in Spokane, Kennewick, Dayton, Yakima and Sunnyside. “Bank of Idaho’s roots serving communities across the western landscape make it a perfect fit in Eastern Washington,” said the company’s President and CEO Jeff Newgard in a news release.

“This sale allows us to focus our retail banking branch strategy on the larger metropolitan markets in the western United States,” said HomeStreet Bank’s President and CEO Mark K. Mason. “We are confident that Bank of Idaho will continue to provide our Eastern Washington branch customers with the excellent service and community focus they have come to expect.”

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Bank of IdahoHomeStreet Bank

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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