HomeStreet Bank is headquartered in Seattle and is the 5th largest bank in the state of Washington. It is also the 184th largest bank in the nation. It was established in 1986 and as of September of 2020, it had grown to 983 employees at 76 locations. HomeStreet Bank's money market rates are 25% higher than the national average, and it has an A health rating.
I opened both checking and savings accounts with Homestreet bank when I was in my early 20's and was having some credit issues. I was having trouble finding a bank who would work with me, but when I spoke with Homestreet Bank and told them my situation they were willing to work with me and opened up both a checking or savings account. They paid a great interest rate on not only my holdings in savings, but also on my funds in my checking account. The people in my local branch were always very friendly and would greet me by name and ask me about my family. Thanks to Homestreet Bank I was able to correct my financial situation.
I wanted my mortgage to be with a local company, so I went with HomeStreet over other (cheaper) lenders. Two years in they've sold my loan to another company.
Now I'm locked in a long-term financial relationship with a bank in Virginia with a history of abusive mortgage servicing practices!
I've never had a more disappointing interaction with a bank and most certainly will not do business with HomeStreet ever again.
Overall | |
---|---|
FDIC Certificate # | 32489 |
Year Established | 1986 |
Employees | 983 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.03% |
Return on Equity - YTD | 9.72% |
Annual Interest Income | $191.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $7.36B$6.79B |
Loans | Q3 2020vs Q3 2019 | $5.77B$5.38B |
Deposits | Q3 2020vs Q3 2019 | $5.85B$5.82B |
Equity Capital | Q3 2020vs Q3 2019 | $752.6MM$745.0MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $64.9MM$43.4MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $22.3MM$10.8MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $2.1MM$3.5MM |
Always verify rates and promotions with the bank or credit union. We are not HomeStreet Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.