SOURCE: HomeStreet Bank

August 15, 2008 13:58 ET

HomeStreet Bank Celebrates Grand Opening of New Pearl City Location

PEARL CITY, HI--(Marketwire - August 15, 2008) - HomeStreet Bank is celebrating the opening of its newest bank branch in Pearl City on August 26. A blessing and grand opening celebration will occur on October 16.

"Our new Pearl City branch provides us with an excellent opportunity to grow our retail banking and deposit services," said Mona Choy-Beddow, HomeStreet's regional banking manager in Hawaii. "With our local expertise and experienced employees we hope to be a significant part of the Pearl City community."

The 1,850 square foot branch space is located in the Times Square Shopping Center at 98-1258 Kaahumanu Street. It will feature a full-service banking facility with night drop and ATM. Services will include business and personal checking, savings, Certificates of Deposit, Individual Retirement Accounts and mortgages.

Green building materials were used in portions of the build out, including carpet tiles made from recycled materials and energy efficient lighting. Urban Works, Inc. is the architect and JW, Inc. is the general contractor for the new branch.

Seattle-based HomeStreet Bank began offering mortgage services in Hawaii in 1979, adding bank branches in 1999. It will now have five retail branches and home loan offices on the islands of Oahu, Maui and the Big Island. HomeStreet's largest branch is located in Honolulu at 2 South King Street.

Founded in 1921, family- and employee-owned HomeStreet Bank is one of the largest privately owned banks in the Northwest and Hawaii. The company has assets of $2.97 billion and a network of 31 branch and mortgage offices. HomeStreet Bank is one of the only banks in the country that has consistently received an "outstanding" rating under the Community Reinvestment Act (CRA).

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