On March 24, 2020, HomeStreet, Inc. (“HomeStreet” or the “Company”) announced that the Company has suspended its $25 million share repurchase program and notified its regulators of its intention to rescind its request for non-objection to its regulators for the recently authorized $10 million increase to that repurchase program. As of the close of business on March 19, 2020, the last day before the Company suspended the share repurchase plan, HomeStreet had repurchased 335,360 shares under the current plan at an aggregate cost of approximately $7.9 million. HomeStreet will retain the authority to reinstate the share repurchase program as circumstances warrant.

A press release issued by HomeStreet on March 24, 2020 regarding this additional authorization is included as Exhibit 99.1 to this Current Report on Form 8-K.

HomeStreet, Inc. Exhibit
EX-99.1 2 pressrelease-repurchas.htm EXHIBIT 99.1 Exhibit HomeStreet,…
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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.