SEATTLE--(BUSINESS WIRE)--HomeStreet, Inc. (NASDAQ:HMST) (“HomeStreet”), the parent company of HomeStreet Bank, has combined the leadership of its commercial real estate lending and operations teams under the name HomeStreet Commercial Real Estate. Bill Endresen has been named Executive Vice President ‒ Commercial Real Estate, replacing Randy Daniels who has resigned to pursue other interests.
Mr. Endresen joined HomeStreet Bank in March, 2015 as Executive Vice President ‒ HomeStreet Commercial Capital, which provides permanent financing for multifamily, office, retail and industrial loans up to $10M in size.
“Bill has 41 years of experience in commercial real estate lending throughout the Western U.S. and a proven record of building strong teams of lending professionals who focus on providing exemplary customer service,” said HomeStreet CEO Mark K. Mason.
“I would like to acknowledge Randy Daniels’ substantial contribution to our success in reestablishing HomeStreet as a strong competitor in commercial real estate finance in the Western U.S.,” said Mason. “During Randy’s tenure, annual loan production increased from approximately $200 million in 2012 to over $500 million in 2015. We wish Randy well in his future endeavors.”
About HomeStreet, Inc.
Now in its 96th year, HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services company headquartered in Seattle, Washington and is the holding company for HomeStreet Bank, a state-chartered, FDIC-insured commercial bank. HomeStreet offers consumer, commercial and private banking services and investment and insurance products, and originates residential and commercial mortgages and construction loans for borrowers located in the Western United States and Hawaii. The bank has consistently received an “outstanding” rating under the federal Community Reinvestment Act (CRA). Additional information on HomeStreet Bank can be found at www.homestreet.com.