News Topic: washington

Kevin Lycklama is set to succeed Patrick Sheaffer, who has led the company since 1976. ... Read full article

Blue Lion Capital, which had a recent request for a board seat rejected, plans to nominate multiple people to run for the board at HomeStreet's next annual meeting. ... Read full article

Blue Lion Capital has complained about the company's reliance on mortgages and bank acquisitions. ... Read full article

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries. ... Read full article

The company sold securities in the fourth quarter to stay below $10 billion in assets and avoid a cap on interchange fees. ... Read full article

HomeStreet's CEO said mortgage expansion and bank acquisitions — concerns highlighted recently by Blue Lion Capital — are helping the company diversify. ... Read full article

Blue Lion Capital believes a heavy focus on mortgages and acquisitions is hurting HomeStreet's financial performance. ... Read full article

Most of Sterling Bancorp's operations are in San Francisco and Los Angeles. The company plans to use some of the $93 million it will raise to expand in New York and Seattle. ... Read full article

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan. ... Read full article

The Seattle company, which has cut about 130 positions in the business in recent months, pointed to lower originations tied to a shortage of new and resale housing. ... Read full article

Washington Federal is the latest bank to pull an application after being flagged for insufficient Bank Secrecy Act compliance. ... Read full article

Washington Federal has pulled its application to buy Anchor Bancorp after regulators flagged issues tied to its BSA systems and processes. The companies said they remain committed to the deal. ... Read full article

The banking companies agreed to terminate their planned merger after regulators withheld approval. The snag is tied to a previously disclosed issue with Hope's 2016 financial results. ... Read full article

The company said it could use the proceeds to fund acquisitions and to make more loans. ... Read full article

The company has agreed to buy Puget Sound Bancorp to expand in a competitive, fast-growth market. ... Read full article

Anchor Bancorp in Laney, Wash., lowered its expectations in the face of impatient investors and buyers’ concerns about antitrust, credit quality and other issues. ... Read full article

The Washington company said that Sean Brennan, its president and chief operating officer, will become CEO when Jim Mitchell retires next year. ... Read full article

Brent Beardall, who recently took the helm at Washington Federal, discusses having excess capital, myriad potential fintech partners and why he would tweak — not repeal — Dodd-Frank. ... Read full article