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HomeStreet, Inc. Announces Closing of Initial Public Offering.

SEATTLE -- HomeStreet, Inc. (NASDAQ:HMST) today announced the completion of its initial public offering. The closing reflects the issuance and sale of a total of 2,180,188 shares of common stock for an initial offering price of $44.00 per share, and yielded gross proceeds of $95,959,072, and net proceeds to HomeStreet, after giving effect to the underwriter's discount and transaction costs, of $88,717,834.55. The closing of the initial public offering occurred simultaneously with the closing of the underwriter's exercise of the overallotment option, and the data above update information previously provided at the date of pricing, including the shares issued upon, and the proceeds of the exercise of, the overallotment option. Shares of HomeStreet's common stock are traded on the NASDAQ Global Market under the symbol "HMST."

The offering was made through the sole underwriter and sole book-running manager, FBR Capital Markets & Co.

Copies of the final prospectus relating to the offering may be obtained from FBR Capital Markets & Co., 1001 19th Street North, Alexandria, Virginia 22209.

A registration statement relating to these securities was declared effective on February 10, 2012. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About HomeStreet

HomeStreet, Inc., headquartered in Seattle, Washington is the bank holding company for HomeStreet Bank, a state-chartered, federally insured savings bank. HomeStreet Bank offers consumer and business banking and investment and insurance products and services in Washington, Oregon, Idaho and Hawaii. Additional information on HomeStreet Bank can be found at www.homestreet.com and on HomeStreet, Inc., at http://ir.homestreet.com

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Publication:Business Wire
Geographic Code:1U9WA
Date:Feb 15, 2012
Words:356
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