Mark Mason on community banking
From HomeStreet, Inc HMST CEO Mark Mason on Q2 2020 Results · · Daily Earnings Calls
“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.”
On , Mark Mason, Executive Chairman, President & Chief Executive Officer at HOMESTREET INC, spoke about community banking during HomeStreet, Inc HMST CEO Mark Mason on Q2 2020 Results on Daily Earnings Calls.
About Mark Mason
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