"Our new Pearl City branch provides us with an excellent opportunity togrow our retail banking and deposit services," said Mona Choy-Beddow,HomeStreet's regional banking manager in Hawaii. "With our local expertiseand experienced employees we hope to be a significant part of the PearlCity community."

The 1,850 square foot branch space is located in the Times Square ShoppingCenter at 98-1258 Kaahumanu Street. It will feature a full-service bankingfacility with night drop and ATM. Services will include business andpersonal checking, savings, Certificates of Deposit, Individual RetirementAccounts and mortgages.

Green building materials were used in portions of the build out, includingcarpet tiles made from recycled materials and energy efficient lighting.Urban Works, Inc. is the architect and JW, Inc. is the general contractorfor the new branch.

Seattle-based HomeStreet Bank began offering mortgage services in Hawaii in1979, adding bank branches in 1999. It will now have five retail branchesand home loan offices on the islands of Oahu, Maui and the Big Island.HomeStreet's largest branch is located in Honolulu at 2 South King Street.

Founded in 1921, family- and employee-owned HomeStreet Bank is one of thelargest privately owned banks in the Northwest and Hawaii. The company hasassets of $2.97 billion and a network of 31 branch and mortgage offices.HomeStreet Bank is one of the only banks in the country that hasconsistently received an "outstanding" rating under the CommunityReinvestment Act (CRA).