SOURCE: HomeStreet Bank

July 01, 2008 18:58 ET

HomeStreet CEO Williams Elected Chair of Washington Financial League

SEATTLE, WA--(Marketwire - July 1, 2008) - Bruce W. Williams, Chairman and CEO of HomeStreet Bank and its holding company, HomeStreet Inc., has been elected to the position of Chairman of the Washington Financial League, a financial trade organization representing community banks of all charter types and sizes with offices in the State of Washington.

Mr. Williams joined HomeStreet Bank as General Counsel and Vice President in 1990. He became President and COO of HomeStreet Bank in 2000, Chairman of the holding company board in 2001, Chief Executive Officer of HomeStreet Bank in 2002 and Chairman of the bank board in 2003. He is the third generation of the Williams family to lead the family- and employee-owned company, which was founded in Seattle in 1921.

Before joining HomeStreet, Mr. Williams worked as a commercial litigation attorney with the Seattle-based firm, Perkins Coie, and served for two years in the U.S. Peace Corps in Liberia. He is Vice Chair of the Cascade Land Conservancy and a Member of the Washington Roundtable, Seattle Rotary, the Board of Directors of the Alliance for Education, the Board of Trustees of the Greater Seattle Chamber of Commerce, the Visiting Committee of the Daniel J. Evans School of Public Affairs at the University of Washington, and the International Education Advisory Board for Seattle Public Schools. Mr. Williams is also on the Mortgage Bankers Association Residential Board of Governors.

HomeStreet Bank is one of the largest privately-owned banks in the Northwest and Hawaii. Headquartered in Seattle, the company has assets of $2.96 billion and a network of 30 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). Each year, HomeStreet contributes at least two percent of its pre-tax profits to organizations in its communities.

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