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I went to open a business checking account and business money market with a EIN, SS# card, drivers license, marriage license.  I didn't want to use my SS# in place of my EIN.  Since I don't have a actual business license through the state I live in my account opening was not possible.  Being a sole proprieter I don't want a business license because of the cost annually.  I'm trying to save money at this point.  I was turned down for opening accounts because "there is no proof that the EIN is attached to my person".  When you file for a EIN, one of the requirements is your SS# on the application.  I had the provisional EIN from when I filed for it  and the letter from the IRS showing proof of the assigned EIN with my name and address listed at the top.  This is the first time I have ever been denied opening any type of accounts!  How humiliating!  I have great credit and have had my own business for 16 years.  I told the bank I would take my business elsewhere.  Their loss!  I will never think of referring this bank to anyone I know or consider any doing any type of business with them ever. Bank somewhere you are appreciated and they want your business!


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 HomeStreet Bank had $35.94 million in non-current loans and owned real-estate with $328.03 million in equity and loan loss allowances on hand to cover it. This gives HomeStreet Bank a Texas Ratio of 10.96% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for HomeStreet Bank decreased slightly from 13.62% as of December 31, 2012 to 10.96% as of December 31, 2013, resulting in a positive change of 19.55%.This indicates that the balance sheet and financial strength for HomeStreet Bank has improved slightly in recent periods.

Deposit Growth


In the past year, HomeStreet Bank has increased its total deposits by $216.2 million, resulting in 10.8% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth HomeStreet Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. HomeStreet Bank has $3.04 billion in assets with $328.03 million in equity, resulting in a capitalization level of 10.79%, which is above average.

Institution Statistics

FDIC Certificate #32489
Year Established1986
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.04 billion
Loans$2.15 billion
Deposits$2.22 billion
Equity Capital$304.12 million
Loan Loss Allowance$23.91 million
Unbacked Noncurrent Loans$18.37 million
Real Estate Owned$17.57 million
Historic Data - December 2012
Assets$2.62 billion
Equity Capital$302.26 million
Loan Loss Allowance$27.56 million
Unbacked Noncurrent Loans$18.37 million
Real Estate Owned$28.52 million
Profit Margin - Quarterly
Net Interest Margin3.08%
Return on Assets0.93%
Return on Equity8.35%
Interest Income$86.89 million

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HomeStreet Bank Savings Account Rates

0.20%$100-Statement Savings
0.20%$100-IRA Savings Account
0.20%--Business Savings Account

HomeStreet Bank Money Market Rates

0.45%--Money Market
0.45%--Indexed Money Market
0.45%--Business Money Market
0.45%--Business Partnership Money Market Account
0.40%$100k-Business Cash Sweep Account

HomeStreet Bank Checking Account Rates

0.40%$10k-Premium Select Checking
0.25%--IOLTA (Lawyers Trust Account)
0.25%--IRETA (Real Estate Trust Account)
0.20%$1k-Business Advantage
0.20%--Community Partnership
0.20%$500-Non - Profit Partnership Plus
0.05%$50-Bank On Checking

HomeStreet Bank CD Rates

0.75%$500-5 Year CD
0.60%$500-3 Year CD
0.40%$500-2 Year CD
0.35%$500-1 1/2 Year CD
0.35%$100-Home Purchase
0.35%$100-Set Your Own Goal
0.30%$90k-365 Day Jumbo CD
0.25%$90k-270 - 364 Day Jumbo CD
0.20%$90k-30 - 59 Day Jumbo CD
0.20%$90k-60 - 89 Day Jumbo CD
0.20%$90k-180 - 269 Day Jumbo CD
0.20%$90k-90 - 119 Day Jumbo CD
0.20%$90k-120 - 179 Day Jumbo CD
0.20%$500-9 Month CD
0.20%$500-1 Year CD
0.20%$5k-Featured 36 Month Flex CD
0.15%$500-3 Month CD
0.15%$500-31 Day CD
0.15%$500-6 Month CD
0.15%$5k-Featured 24 Month Flex CD

HomeStreet Bank IRA Rates

0.75%$500-5 Year IRA
0.60%$500-3 Year IRA
0.40%$500-2 Year IRA
0.35%$500-1 1/2 Year IRA
0.30%$90k-365 Day Jumbo IRA
0.25%$90k-270 - 364 Day Jumbo IRA
0.20%$90k-30 - 59 Day Jumbo IRA
0.20%$90k-60 - 89 Day Jumbo IRA
0.20%$90k-90 - 119 Day Jumbo IRA
0.20%$90k-120 - 179 Day Jumbo IRA
0.20%$90k-180 - 269 Day Jumbo IRA
0.20%$500-9 Month IRA
0.20%$500-1 Year IRA
0.15%$500-31 Day IRA
0.15%$500-3 Month IRA
0.15%$500-6 Month IRA

HomeStreet Bank has 23 locations. Click to view all HomeStreet Bank locations.