News Topic: washington

The activist investor Blue Lion Capital, which had pushed for HomeStreet's sale, is selling all of its stock to the Seattle company. ... Read full article

All of the Seattle company's directors, including CEO Mark Mason, were backed by shareholders despite a challenge by Blue Lion Partners. ... Read full article

It just got harder for banks in Georgia to enforce noncompete agreements in employee contracts. For employees of two merging banks, BB&T and SunTrust, the timing couldn’t be better. ... Read full article

Blue Lion Capital, which has been critical of the Seattle company in recent years, has nominated two individuals to become directors. ... Read full article

Spokane Teachers Credit Union will transfer the assets and liabilities to a nearby branch. ... Read full article

Columbia Banking CEO Hadley Robbins says he's confident the bank can grow on its own as the number of buyout targets in the Pacific Northwest dwindles. ... Read full article

The moves are part of an ongoing effort by the Seattle bank to largely exit mortgage lending. ... Read full article

Sure, M&A is a good option, but so are branch deals or key hires, say two veteran bankers who shared some of their successful strategies at American Banker’s Retail Banking Growth Stories conference. ... Read full article

Victor Karpiak stepped down as CEO of First Financial in 2013 after years of wrangling with a prominent activist investor. ... Read full article

The Seattle company has a letter of intent to sell its home loan centers to Homebridge Financial Services. ... Read full article

HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges. ... Read full article

A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit. ... Read full article

Sound Credit Union in Tacoma, Wash., has agreed to buy Bank of Washington in Lynnewood. ... Read full article

Washington Federal in Seattle allowed Anchor Bancorp to find another buyer after BSA issues forced it to withdraw its merger application. ... Read full article

Many financial institutions are unaware that they're banking marijuana-related businesses, pot bankers and regtech experts say. ... Read full article

The company will pay $191 million for Skagit Bancorp, a deposit-rich bank in Washington's North Sound region. ... Read full article

Anchor will sell itself to FS Bancorp after agreeing to terminate a deal with Washington Federal. The original deal had been delayed as Washington Federal dealt with BSA issues. ... Read full article

Jeff Deuel will take over as CEO of Heritage Bank in Olympia, Wash., for Brian Vance, who will remain as the head of the holding company until next year. ... Read full article