![]() In 2012, in order to satisfy regulatory capital requirements, it raised $89 million in an IPO, ending four generations of control by the Williams family. įollowing the financial crisis of 2007–2008 the bank suffered heavy losses. Its current headquarters are in Seattle, Washington. In May 2000, the named changed to HomeStreet Bank. It changed its name to Continental Savings Bank in 1986. The company was founded as Continental Mortgage and Loan Company in 1921 by W. ![]() HomeStreet received the “Healthy Community Corporate Champion“ award in recognition of its leadership in meeting the basic needs of housing in its communities.HomeStreet, Inc., d.b.a HomeStreet Bank, together with its subsidiaries, provides various financial services primarily in Washington, Oregon, California, and Hawaii. It was the longest period of economic decline since World War II. The Great Recession began and would last for the next 18 months. HomeStreet received an “Outstanding“ Community Reinvestment Act rating from the federal government and was selected as a “Washington’s Best Workplaces“ Winner. HomeStreet reached the $2 billion mark in assets and received the “Helping to Achieve Homeownership” Award from America’s Community Bankers. HomeStreet launched the “HomeStreet Community Housing Awards,” granting eight $10,000 awards to nonprofit housing organizations in Washington, Oregon, and Hawaii. Williams, became CEO of HomeStreet Bank and Joan Enticknap joined as President and COO.īruce Williams was elected Chairman of the Board. In the same year, they launched a complete line of business banking products and services.īruce W. Stonemark Mortgage joined Continental and was subsequently renamed Windermere Mortgage Services.Ĭontinental expanded banking services to Hawaii through the purchase of Realty Finance.ħ9-year-old Continental, the largest private, independently owned bank in the Northwest, became HomeStreet Bank to preserve its image as a hometown lender. The Affinity Lending Program was established, an employer-assisted housing program launched with the City of Seattle.Ĭontinental Savings Bank was named Washington’s “Family Business of the Year.” Through the leadership of Bruce Williams, General Counsel, and Kathy Williams, Community Relations, Continental Savings Bank was rated “Outstanding” for the 5th year in a row by Federal Regulators for its community financing efforts. Williams, joined Continental Savings Bank as General Counsel.Ĭontinental originated more than $1 billion in single-family loans in one year and moved the corporate headquarters to its present location at Two Union Square in downtown Seattle. Richard Swanson, the husband of Walt Williams’ daughter, was named President and CEO.īruce Williams, son of Walt B. Williams retired as President and became Chairman of the Board. The Mortgage Bankers Association of America (MBA) honored Continental Savings Bank for “…exemplary service in the provision of affordable housing.” Accepting the Award, Kathy Williams stated Continental’s belief that “it is the responsibility of members of the community to see that clean, safe, adequate housing is available to all, no matter their income levels.” secured Federal approval and founded Continental Savings Bank with the charter to provide a reliable, low-cost source of funding for its lending operations.Ĭontinental’s Income Property Finance Department was selected by Fannie Mae as one of only 13 lenders nationally to participate in its Designated Underwriting and Servicing (DUS) apartment financing program. The company’s loan servicing portfolio reached the $1 billion mark.Ĭontinental entered the Oregon market with its first branch in Portland.Ĭontinental, Inc. ![]() Continental became the first lender in Washington to offer loans through the Washington State Housing Finance Commission.
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