Executive Chairman, President & Chief Executive Officer, Homestreet
Search every verified Mark Mason interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mark Mason, executive chairman, president and CEO of HomeStreet, discussed the company's performance during the second quarter of 2020, stating that the pandemic illustrated the need for community banks. He said that the company was encouraged by the performance of its loan portfolio and that its conservatism in underwriting had served it well. Mason noted that the company had resumed its share repurchase program and that the board had approved an additional $25 million in stock repurchases. He also expressed concern about Seattle city council initiatives, including a proposed tax on highly paid employees
“This pandemic illustrates the need for community banks such as HomeStreet; consumers and small businesses have struggled to access and understand federal aid programs such as the Paycheck Protection Program, and these customers have been best served in the crisis by the level of customer service community banks provide...”
“Although the effects of the global pandemic continue and the long-term impacts are yet to be fully realized, we are encouraged by the performance of our loan portfolio to this point.”
“Additionally, we have generally avoided lending to riskier industries like hospitality and leisure travel, food service, fitness, energy and entertainment; this conservatism has served us well in the pandemic.”
“As of June 30th our commercial business loans granted forbearance—88% of them have completed their forbearance period and have resumed regular payments and only 3% of these borrowers have requested a second forbearance period.”
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