HomeStreet, Inc. (NASDAQ:HMST) announces that its Board of Directors has
authorized a two-for-one forward split of HomeStreet's common stock, no
par value, and in connection therewith an increase in the number of
authorized shares of common stock to 80,000,000 from 40,000,000. The
split will become effective as of 11:59 p.m. Pacific Time on March 6,
2012 and shareholders of record as of that date will receive one
additional share of common stock for each share then owned. The
distribution date for the new shares will be March 8, 2012. There are
currently approximately 3.59 million shares of common stock outstanding.
Upon completion of the stock split, there will be approximately 7.17
million shares of common stock outstanding.
About HomeStreet, Inc.
HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services
company headquartered in Seattle, Washington,and the bank 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 and
Hawaii. For more information, visit http://ir.homestreet.com.