SEATTLE—HomeStreet Bank of Seattle has completed its merger with Simplicity Bank, a seven-branch community bank located in Southern California. The combined company will operate as HomeStreet Bank, which now has a network of 99 deposit branches and lending centers in the Western United States and Hawaii.

“This merger represents a significant expansion of HomeStreet's commercial and consumer banking activities in Southern California,” said HomeStreet CEO Mark Mason.” We are looking forward to servicing Simplicity customers, including current and former employees of Kaiser Permanente, with a substantially expanded menu of products and services. We will work diligently to ensure a smooth transition and uninterrupted, high quality service to customers, and to extend our strong corporate citizenship program to the communities served by our new branches.”

HomeStreet Bank is one of the largest community banks headquartered in Washington State. It is a leading mortgage lender and full-service commercial and consumer bank and offers a wide range of products and services including home construction and renovation, commercial real estate financing, and a wide range of Small Business Administration (SBA) loan types.