HOMESTREET, INC. (NASDAQ:HMST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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HOMESTREET, INC. (NASDAQ:HMST) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
HomeStreet, Inc. (the “Company”) previously announced the appointment of Mark R. Ruh as Interim Chief Financial Officer effective April 24, 2017. On April 27, 2017, the Board of Directors of the Company approved an increase in Mr. Ruh’s annual base salary from $225,000 to $300,000, effective April 23, 2017 until such time as he is no longer serving as Interim Chief Financial officer or the Board otherwise determines. No additional changes were made to Mr. Ruh’s compensation arrangements in connection with this appointment. Mr. Ruh does not have a written employment agreement with the Company.

About HOMESTREET, INC. (NASDAQ:HMST)

HomeStreet, Inc. is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. Its operating segments include Commercial and Consumer Banking, and Mortgage Banking. The Company’s subsidiaries include HomeStreet Bank (the Bank) and HomeStreet Capital Corporation. The Bank is a savings bank that provides mortgage and commercial loans, deposit products and services, non-deposit investment products, private banking and cash management services. Doing business as HomeStreet Insurance Agency, the Company provides insurance products and services for consumers and businesses. The Company has a network of over 40 retail deposit branches located in Washington state, Southern California, Portland, Oregon and Hawaii, as well as over 60 stand-alone lending centers located within its retail deposit branch footprint.

HOMESTREET, INC. (NASDAQ:HMST) Recent Trading Information

HOMESTREET, INC. (NASDAQ:HMST) closed its last trading session up +0.11 at 25.91 with 358,430 shares trading hands.