HomeStreet, Inc. Announces Termination of Regulatory Order

HomeStreet, Inc. Announces Termination of Regulatory Order

SEATTLE--(BUSINESS WIRE)-- HomeStreet, Inc. ("HomeStreet" or "the Company") (NAS: HMST) today announced that it has received notification from its regulator, the Federal Reserve Bank of San Francisco, that the Company is in full compliance with its Cease and Desist Order, dated May 2009, and the order has been terminated effective March 26, 2013.

"This is a tremendous acknowledgement of the accomplishments of our Company over the last four years," said Vice Chairman and CEO Mark K. Mason. "HomeStreet's board of directors and management have worked closely with our regulator to meet the requirements of the order, and we are deeply gratified by this recognition of the successful recapitalization and strong financial condition of our institution."


About HomeStreet, Inc.

HomeStreet, Inc. (NAS: HMST) is a diversified financial services company headquartered in Seattle, Washington, and the holding company for HomeStreet Bank, a state-chartered, FDIC-insured savings bank. HomeStreet Bank offers consumer and business banking, investment and insurance products and services in Washington, Oregon, Idaho, Hawaii and California. http://ir.homestreet.com.



HomeStreet, Inc.
Terri Silver, 206-389-6303
VP, Investor Relations/Corporate Communications
terri.silver@homestreet.com

KEYWORDS:   United States  North America  New York  Washington

INDUSTRY KEYWORDS:

The article HomeStreet, Inc. Announces Termination of Regulatory Order originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Professional Vs Do it Yourself Investing

Should you get advice or DYI?

View Course »

What are Penny Stocks

The lucrative and dangerous world of penny stocks.

View Course »

Add a Comment

*0 / 3000 Character Maximum