SEATTLE–(BUSINESS WIRE)–HomeStreet, Inc. (Nasdaq:HMST) (the “Company” or “HomeStreet”), the
parent company of HomeStreet Bank (the “Bank”), commented today on a
public letter from Dwight Capital to our Board of Directors expressing
an interest in acquiring our Fannie Mae DUS(1) multifamily
origination and servicing business:
“HomeStreet was not aware of Dwight Capital’s interest until their press
release, as they had not previously contacted us. HomeStreet has been a
Fannie Mae DUS lender and servicer since the initiation of the program
by Fannie Mae over 30 years ago and this business has and continues to
be a profitable and important part of our commercial real estate lending
business. The Board of Directors will review the letter from Dwight
Capital and respond as appropriate.”
About HomeStreet, Inc.
HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial services
company headquartered in Seattle, Washington, serving consumers and
businesses in the Western United States and Hawaii through its various
operating subsidiaries. The company’s primary business following the
completion of these transactions will be community banking, including:
commercial real estate lending, commercial lending, residential
construction lending, single family residential lending for portfolio,
retail banking, private banking, investment, and insurance services. Its
principal subsidiaries are HomeStreet Bank and HomeStreet Capital
Corporation. Certain information about our business can be found on our
investor relations web site, located at http://ir.homestreet.com.
(1) Fannie Mae Multifamily Delegated Underwriting and Servicing Program
(“DUS”®) is a registered trademark of Fannie Mae.
Contacts
HomeStreet, Inc.
Investor Relations:
Gerhard
Erdelji, 206-515-4039
[email protected]
or
Media
Relations:
Michael Brandt, 206-876-5506
[email protected]
