HomeStreet Bank to acquire three California branches of MUFG Union Bank.

HomeStreet Bank, a diversified financial services company serving consumers and businesses, agreed to acquire three California branches of MUFG Union Bank, a provider of a wide spectrum of corporate and retail banking and wealth management solutions. Financial terms were not disclosed. “We are happy to welcome the employees and customers of these branches to our network of retail deposit branches in Southern California. The addition of these three branches will bring HomeStreet’s total number of branches in Southern California to 20, including four in San Bernardino County. Additionally, this acquisition will increase our customer base by approximately 16k customer relationships, and the additional funding will support our strategic growth. We have an outstanding record of customer service and community involvement, and we look forward to having a positive impact on the new customers and communities we will be serving,” Mark K. Mason, HomeStreet President and CEO.