HomeStreet to sell $5B in mortgage servicing rights
The deal is designed to improve capital ratios and reduce risk at the Seattle company. ... Read full article
The deal is designed to improve capital ratios and reduce risk at the Seattle company. ... Read full article
First Western in Colorado and Coastal Financial in Washington are the latest banks to disclose plans to go public. ... Read full article
Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio. ... Read full article
The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity. ... Read full article
The city wanted to sever its relationship with the bank, but it ran into a big obstacle. ... Read full article
An activist investor, which opposed two director nominees, failed to obtain the legally required approval from the Seattle company's state bank regulator before launching its challenge. ... Read full article
The planned acquisition will add $187 million in assets in the Puget Sound area. ... Read full article
An effort to oust two directors at the Seattle company was nullified after the investor failed to seek the required approval from the bank's state regulator. ... Read full article
The Renton, Wash., company, which has acquired or opened nine branches since 2015, has filed a shelf registration to raise the funds through the sale of various securities. ... Read full article
The northern Virginia company will also gain more branches around Washington as part of the $33 million deal. ... Read full article
The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter. ... Read full article
The Seattle bank's improved loan yields offset higher expenses tied to Bank Secrecy Act remediation. Washington Federal had to delay a pending acquisition after issues emerged with its anti-money-laundering compliance. ... Read full article
Washington Federal, which is working through Bank Secrecy Act issues, also allowed Anchor to consider offers from other potential buyers. ... Read full article
A court agreed with HomeStreet that Blue Lion Capital failed to comply with the company's advance-notice bylaw when it submitted director nominations and shareholder proposals. ... Read full article
The company has agreed to pay $89 million for Premier Commercial Bancorp. The acquisition would significantly increase its branch presence and lending in the Portland area. ... Read full article
The issue had forced the Los Angeles company to scuttle its deal to acquire U&I Financial in Washington state. ... Read full article
The Seattle company first disclosed an issue in September, when it withdrew an application to buy Anchor Bancorp. ... Read full article
The Seattle company invalidated the proposal by Blue Lion Capital, claiming it fell short of its bylaw requirements. ... Read full article
Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors. ... Read full article
Hadley Robbins had a difficult task stepping in after Melanie Dressel's unexpected death last year. Now he must find ways to keep expanding without disrupting a system that has proved successful. ... Read full article