(RTTNews) - HomeStreet, Inc. (HMST), Friday announced that its subsidiary HomeStreet Bank has agreed to sell $990 million of multifamily commercial real estate loans to Bank of America Corp. (BAC) on ...
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Dec 27 (Reuters) - HomeStreet Bank (HMST.O), opens new tab is selling nearly $990 million of its multifamily commercial real estate loans to Bank of America (BAC.N), opens new tab, in a deal that the ...
Financial services company HomeStreet is set to sell roughly $990 million worth of multifamily commercial real estate loans to Bank of America, the Seattle-based firm announced Friday. The price tag ...
Mechanics Bancorp Class A ( (MCHB) ) has provided an update. Mechanics Bancorp, a financial institution, completed its merger with HomeStreet Bank on September 2, 2025. This merger has significantly ...
The Seattle-based company offloaded the loans for an 8% discount to their unpaid balance, bringing in about $906M of proceeds in the transactions from Bank of America. Most of the proceeds were used ...
HomeStreet (NASDAQ:HMST) agreed to offload $900M of multifamily commercial real estate loans to Bank of America (NYSE:BAC) at 92% of the principal balance, with servicing retained, it said on Friday.
Bank of America agreed to buy about $990 million of multifamily commercial real estate loans from HomeStreet, a transaction that the seller said would help make it profitable again. Proceeds from the ...
Mechanics Bank and HomeStreet have announced an all-stock merger, which will create a combined entity with $23bn in assets and168 branches. The deal values HomeStreet at $300m and Mechanics Bank at $3 ...
Mechanics Bancorp (MCHB) reports robust financial performance with significant merger benefits, despite challenges in non-performing assets and interest margins.
HomeStreet (HMST) announced that the bank entered into an agreement to sell to Bank of America (BAC), on a servicing retained basis, $990M of multifamily commercial real estate loans, at a price, ...