M&A Deal Summary

HomeStreet Acquires Simplicity Bancorp

On February 27, 2015, HomeStreet acquired financial services company Simplicity Bancorp

Acquisition Highlights
  • This is HomeStreet’s 1st transaction in the Financial Services sector.
  • This is HomeStreet’s 1st transaction in the United States.
  • This is HomeStreet’s 1st transaction in California.

M&A Deal Summary
Date 2015-02-27
Target Simplicity Bancorp
Sector Financial Services
Buyer(s) HomeStreet
Deal Type Merger
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Luse Gorman (Legal)

Target

Simplicity Bancorp

Covina, California, United States
Simplicity Bancorp, Inc. is a provider of financial products and services.

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Buyer(S) 1

Buyer

HomeStreet

Seattle, Washington, United States
Category Company
Founded 1921
Sector Financial Services
Employees858
Revenue 179M USD (2023)
DESCRIPTION

HomeStreet is the holding company for HomeStreet Bank, a state-chartered, FDIC-insured savings bank. HomeStreet Bank offers consumer and business banking, mortgage lending, commercial real estate and residential construction financing, private banking, investment and insurance products and services in the Western United States and Hawaii. HomeStreet was founded in 1921 and is based in Seattle, Washington.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Merger) 1 of 1
State (California) 1 of 2
Country (United States) 1 of 2
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 Silvergate Bank - Business Lending Team & San Marcos Retail Branch

San Marcos, California, United States

Silvergate Bank - Business Lending Team & San Marcos Retail Branch including loans totaling approximately $123 million and certain off-balance sheet deposit relationships.

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Company

Legal