An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
HomeStreet Bank Extends Services in Hawaii to Meet Commercial Banking Needs
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
HomeStreet is launching commercial banking services in Honolulu, Hawaii, expanding their operational footprint after 40 years in retail banking. This move aims to support local businesses with a community banking alternative. Hawaiian native Mel Racadio will lead the new office, leveraging her 30 years of banking experience. HomeStreet celebrates this initiative alongside its 100th anniversary. The company is diversified in financial services, including commercial and residential lending.
Positive
Expansion of commercial banking services into Hawaii.
Appointment of Melitajean Racadio, an experienced local banker, to lead operations.
Launch coincides with HomeStreet's 100th anniversary, enhancing brand visibility.
Negative
None.
HomeStreet is complementing their 40 years of retail banking services by offering commercial solutions in Hawaii
SEATTLE--(BUSINESS WIRE)--
The commercial banking division of HomeStreet Bank is expanding their commercial services into Honolulu, Hawaii. This latest move by HomeStreet aims to provide island business owners, big and small, with a community banking partner alternative.
“We know how important a solid banking relationship is for business owners of all sizes who are looking to grow and expand. For this reason, we’re excited to extend our successful west coast operations to Honolulu,” said Mark K. Mason, President, CEO and Chairman of HomeStreet Bank.
Hawaiian native, Melitajean “Mel” Racadio, will lead the commercial operations on the island. Racadio is a well-known banker in the State of Hawaii for her focus on building and sustaining strong client relationships. She started her career 30 years ago at the Bank of Hawaii and has experience helping business clients from a myriad of different industries with their commercial banking and lending needs. She understands the demands of small business owners within niche markets including medical and dental private practices, as well as, manufacturing, industrial and hospitality.
“We’re thrilled to be establishing a commercial banking presence in Hawaii in the same year we’re commemorating our 100th year anniversary,” said David Parr, EVP, Commercial Banking Director. “The two celebrations fit well together,” he added.
About HomeStreet, Inc.
HomeStreet, Inc. (Nasdaq: HMST) (the “Company”) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii through its various operating subsidiaries. The Company’s primary business is community banking, including: commercial real estate lending, commercial lending, residential construction lending, single family residential lending, retail banking, private banking, and insurance services. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. HomeStreet Bank is the winner of the 2022 “Best Small Bank” in WashingtonNewsweek magazine award. Visit www.homestreet.com or our investor relations website at http://ir.homestreet.com to learn more.
