From the 2012 #MicCheckWallSt “Money Doesn’t Talk” protest (Image: CHS)
If 2011’s arrival of the Occupy movement on Broadway represented a small battle in the war against the profligate ways of the global financial system, what does this announcement from HomeStreet Bank represent?
HomeStreet Opening New Bank Branch on Vibrant Capitol Hill
SEATTLE – HomeStreet Bank, a subsidiary of HomeStreet, Inc. (NASDAQ:HMST), today announced the opening of a new retail bank branch in the Capitol Hill neighborhood of Seattle, Wash. The branch will be located at 700 Broadway East in the heart of a dynamic, densely populated residential and retail district.
The Capitol Hill neighborhood is one of the oldest in Seattle and is home to a thriving restaurant scene, numerous small businesses and theaters. The area is a mix of older, stately homes, apartment buildings and condominiums, and draws a large amount of foot traffic from the immediate vicinity as well as from other parts of the city. Capitol Hill is known as a welcoming community for a diverse range of families, cultures and artists and for annual events produced by the Seattle International Film Festival and Seattle Pride.
The announcement follows last week’s confirmation that Wells Fargo is constructing its first Broadway branch inside the Broadway Market shopping center to join what is already a rich selection of banking opportunities along this stretch of the neighborhood including Bank of America’s new 6,000 square-foot facility.
HomeStreet’s new home bumped Cafe Kanape from the street. Kanape’s owner announced she got an offer she “couldn’t refuse” and pulled up stakes late last year. So much for the camera shop rumor.
The new tenant is part of an overhaul of the aesthetically-challenged 700 Broadway building following its sale last summer for $20.25 million. We’re checking on how many employees will work at the branch.
“Our new branch will provide Capitol Hill residents and businesses with a Seattle-based community banking alternative that is a natural fit in a progressive neighborhood that proudly supports its local businesses,” said Paulette Lemon, senior vice president and retail banking manager, in the HomeStreet announcement.
The branch is planned to open by the end of April.
Occupy recruiting on Broadway in October, 2011 (Image: CHS)