HomeStreet Bank completed its purchase of the San Marcos, CA deposit branch of Silvergate Bank, including certain related commercial loans. It also hired the branch’s business lending team.

With this acquisition, HomeStreet Bank increased its retail deposit branches to five in San Diego County and 17 total in Southern California.

“We welcome the employees of the San Marcos branch and the business lending team and the acquired customers of Silvergate Bank to our growing banking business in Southern California,” said Mark K. Mason, HomeStreet chairman, president and CEO. “We’re particularly excited to welcome such talented business bankers from Silvergate to the HomeStreet team, including a new regional president of Commercial Lending and a new branch manager.”

“I’m excited to join the HomeStreet Bank team and to bring HomeStreet’s broad menu of products and services to our customers,” said Dino D’Auria, HomeStreet senior vice president, San Diego Regional president of Commercial Lending.

Silvergate employee Christian Weissmann will also join HomeStreet Bank’s team as branch manager.

Now in its 98th year headquartered in Seattle, HomeStreet Bank is a state-chartered, FDIC-insured commercial bank which offers consumer, commercial and private banking services, investment and insurance products and originates residential and commercial mortgages and construction loans for borrowers located in the Western United States and Hawaii.