The parties expect to close the transaction in the first half of 2019, subject to customary closing conditions including regulatory approvals. As of October 31, 2018, total deposits to be acquired are approximately $123 million. Additionally, HomeStreet will be acquiring certain other assets, including loans totaling approximately $123 million and certain off-balance sheet deposit relationships. The branch is located at 277 Rancheros Drive, Suite 300, in San Marcos, Calif, a growing area of Northern San Diego County. The Silvergate employees who work at the San Marcos branch as well as the business lending team will be offered positions at HomeStreet Bank. Silvergate's chief banking officer, Dino D'Auria, and his team of seasoned commercial bankers and operations staff are expected to become HomeStreet's San Diego commercial banking team.