HomeStreet to Acquire Dayton AW Bank Branch

DAYTON – Earlier this month, HomeStreet, Inc. announced its plans to acquire the AmericanWest Bank branch here. The transaction is subject to several conditions, one of which is the closing of a previously announced merger between AmericanWest Bank and Banner Bank.

Waitsburg's AmericanWest Bank branch will still merge with Banner Bank, as previously announced. Dayton's branch is the only AmericanWest Bank branch not merging with Banner Bank.

A press release from HomeStreet said the company's acquisition of Dayton's branch is expected to close in the fourth quarter of 2015. The transaction will increase the number of HomeStreet's retail branches to 42 throughout Washington, Oregon, California and Hawaii.

"Supporting rural markets is key to traditional community banking – something HomeStreet Bank firmly believes in – and we look forward to serving Dayton and the surrounding agrictutural community," said HomeStreet Bank President, CEO and Chairman Mark K. Mason.

The Dayton location will continue to operate as AmericanWest Bank until the transaction with HomeStreet is completed. Upon closing, the branch will become part of HomeStreet Bank.

"Teams of employees from both HomeStreet and AmericanWest Bank are collaborating to ensure a seamless transition for the Dayton customers and community," Mason said.