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SEATTLE--([ BUSINESS WIRE ])--HomeStreet, Inc. (NASDAQ:HMST), holding company for HomeStreet Bank, today announced the pricing of its initial public offering of 1,818,181 shares of its common stock, all of which are being sold by HomeStreet at a price to the public of $44 per share. Shares of HomeStreet common stock will trade on the Nasdaq Global Market under the symbol aHMST.a The company has granted the underwriters in the offering the option to purchase up to an additional 272,727 shares of common stock at the initial public offering price to cover over-allotments, if any. The offering is being made through its 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, Suite 2200, Arlington, 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. is a 90-year-old diversified financial services company headquartered in Seattle, Washington, that has grown from a small mortgage bank to a full-service community bank serving consumers and businesses in the Pacific Northwest and Hawaii. In 1986 we established HomeStreet Bank to fund our lending activities and to offer a broader range of products and services. Our banking strategy has allowed us to expand our lending activities while building stable core deposits and a more diversified core customer base that offers better cross-selling opportunities. HomeStreet has the oldest continuous relationship of all Fannie Mae seller servicers in the nation, having been the second company approved by Fannie Mae at its founding in 1938.

Our primary subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. HomeStreet Bank is a Washington state-chartered savings bank that provides deposit and investment products and cash management services. The Bank also provides loans for single family homes, commercial real estate, construction, land development and commercial businesses. HomeStreet Capital Corporation, a Washington corporation, originates, sells and services multifamily mortgage loans under the Fannie Mae Delegated Underwriting and Servicinga" Program (aDUSa) in conjunction with HomeStreet Bank. We also provide insurance products and services for consumers and businesses as HomeStreet Insurance and loans for single family homes through a joint venture, Windermere Mortgage Services Series LLC (aWMSa).