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HomeStreet Bank completes purchase of Silvergate Bank branch

HomeStreet Inc. unit Seattle-based HomeStreet Bank completed its purchase of Silvergate Bank's San Marcos, Calif.-based retail branch, and certain related commercial loans.

The branch is located at 277 Rancheros Drive. HomeStreet Bank also hired the branch's business lending team.

La Jolla, Calif.-based Silvergate Bank is a subsidiary of Silvergate Capital Corp.