HomeStreet Bank has appointed Thomas E. King of San Diego, Calif. to its board of directors for a three-year term. King brings extensive experience as a banking professional specializing in strategic planning and business development to the bank board.
"Tom is highly regarded in the banking industry for his success leading, turning around and growing financial institutions," said Mark K. Mason, chairman and CEO of HomeStreet Bank. "I have worked closely with him in the past and am impressed by his experience, his abilities and his insight. He fully understands what is needed not only to restore a financial institution to solid footing, but to propel it to growth. I am very pleased that he is joining our board and look forward to partnering with him on our endeavors."
Mr. King served as president and CEO of San Diego Community Bank until 2006, where he raised capital and steered the previously troubled bank to record earnings, orchestrating its sale to First Banks, Inc., a family-owned bank based in Missouri. He previously served as executive vice president and chief operating officer of Fullerton Community Bank, president and chief executive officer of the Bank of Southern California, and president and chief executive officer of CapitolBank Sacramento. He began his career at Security Pacific National Bank in corporate lending, consumer lending and retail banking.
Mr. King holds a B.S. in Business Administration from California State University Northridge and completed the Executive Program in Financial Management from the Massachusetts Institute of Technology. A native of California, Mr. King divides his time between San Diego, Calif. and Bellingham, Wash.
The members of HomeStreet Bank's board of directors are: Mark K. Mason, Chairman; Scott M. Boggs; Brian P. Dempsey; David A. Ederer; Thomas E. King; Judd Kirk; Gerhardt Morrison; Mary Oldshue; Cynthia P. Sonstelie; Janet L. Westling; and Kathryn A. Williams.
Founded in 1921, Seattle-based HomeStreet Bank has assets of $3.0 billion and a network of 30 branches in the Northwest and Hawaii. HomeStreet Bank is one of the only financial institutions in the country that has consistently received an "outstanding" rating under the federal Community Reinvestment Act.
Contacts:
HomeStreet Bank
Terri Silver, 206-389-6303
terri.silver@homestreet.com
Online
newsroom: www.homestreet.com/newsroom