Thursday, November 14, 2013

The Growth of HomeStreet Bank

By Chip Gregory, Rafn Company Project Manager and Head of Special Projects Group 

The growth of HomeStreet Bank and the growth of the Rafn Company's Special Projects Group have been closely tied since 2001. During this period, HomeStreet Bank has expanded its commercial and consumer banking and lending with Rafn building their spaces along the way. Rafn's first project with HomeStreet Bank was at Bellevue Main and we've worked on 81 projects together since then. Rafn's Special Projects Group has also grown, including a record year in 2010 with over 10 million dollars in revenue. 


Based in Seattle, HomeStreet Bank is one of the largest community banks headquartered in Washington. HomeStreet began in 1921 as Continental Mortgage and Loan Company, initially offering financing for commercial real estate and home mortgages. HomeStreet evolved into a full service bank in 1986, further expanding its products and services in 2000 to include commercial banking and lending. HomeStreet Bank is consistently recognized by the federal government as "Outstanding" under the Community Reinvestment Act. (1) 

Today, HomeStreet Bank has just over $3 billion in assets, approximately 1,500 employees, and 78 retail deposit branches, stand-alone home loan centers, and commercial lending offices in the Pacific Northwest, California, and Hawaii. The Western Independent Bankers honored HomeStreet Bank's creativity and innovation with their 2013 Innovative Community Banks of the Year Award for its successful IPO-driven recapitalization. 


HomeStreet Bank is not only an accomplished lender, they are also great philanthropists and community leaders. Just this year the Puget Sound Business Journal recognized them as one of the top 25 corporate philanthropists in their 2013 Corporate Citizenship Awards. 

The Rafn Company is honored to be HomeStreet Bank's building partner and we look forward to many more projects together. 

(1) www.homestreet.com/everythingelse/about-us 

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