HomeStreet Bank, one of the largest community banks on the West Coast, completed its previously announced purchase of the San Marcos, Calif. deposit branch of Silvergate Bank, including certain related commercial loans, and hired its business lending team.

With this acquisition, HomeStreet Bank has 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 SVP, San Diego Regional President of Commercial Lending.