Coleman Thursday’s Movers and Shakers

October 9, 2014

By Bob Coleman
Editor, Coleman Report

ScottHarveyScott Harvey Joins Seattle-based HomeStreet Bank to Oversee SoCal Market

“HomeStreet announced that it has entered into an agreement to acquire Simplicity Bancorp (SMPL). Simplicity is headquartered in Covina, CA and has 7 retail bank branches in Los Angeles and San Bernardino counties.

“This is a positive development for the bank, as it will help it diversify its revenue stream, fill out its mortgage platform and strengthen its capital position. It will also allow HomeStreet to establish a stronger presence in Southern California, an area it has been targeting for some time. HomeStreet Bank plans to add commercial lending, including SBA loans, to the products currently offered by Simplicity Bank.”

bridgebank2Silicon Valley-based Bridge Bank Expands Southern California Presence

“I’m thrilled to see our professional team of experienced business bankers expand here in Southern California,” says Caroline Harkins, Bridge Bank’s Southern California regional manager. “Our team is diverse, talented and knowledgeable, and has a proven track record of being sharply focused on the success of their clients.”

Bridge Bank’s recent hires in Southern California are Jorge Visitacion as Capital Financial Division (CFD) team leader, Elisabeth Schutz as senior vice president, ESOP Advisory Group, and JC Timmons as Corporate Banking team leader. Additionally, Grant Simon has relocated from Bridge Bank’s headquarters in San Jose as relationship manager in the Capital Finance Group.

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Upcoming Small Business Lending Conferences

NAGGL 2014 Annual Meeting, October 28-30, Huntington Beach
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