Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  HomeStreet Inc    HMST

Delayed Quote. Delayed  - 09/27 07:04:51 pm
24.93 USD   -0.12%
06:13p HOMESTREET, INC : Schedules Third Quarter 2016 Earnings Call for Tue..
09/23 HOMESTREET : Piermont Capital Management buys $4,010,441 stake in Ho..
08/12 HOMESTREET : Completes Purchase of Certain Assets, Branches, and Dep..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

HomeStreet Inc : HomeStreet Expands Mortgage Business into California

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/26/2013 | 09:25pm CEST

HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (NASDAQ:HMST), announced that it has expanded its mortgage operations into California, opening its first mortgage lending office in Pasadena (Los Angeles County). The new lending center will be managed by Rob Levy.

Levy comes to HomeStreet from Wells Fargo, where he was ranked the company's number one producer in the nation for home purchase loans in 2011 and the top producer for purchase and overall production volume in Southern California from 2008 to 2012. Levy will initially lead a staff of six mortgage originators and assistants.

"We believe the Pasadena area offers a strong housing market and economy and provides HomeStreet with a significant opportunity to expand our purchase business," said Rich Bennion, executive vice president and residential lending director for HomeStreet Bank. "We have a very solid and talented team in place to launch this expansion and represent HomeStreet's brand of expertise, service and reliability in a new and exciting market."

Now in its 92nd year, HomeStreet Bank is a diversified financial services company headquartered in Seattle with 22retail branches and 26 stand-alone lending centers in the Pacific Northwest, Hawaii and Pasadena. The company achieved record closed loan production of $4.7 billion for 2012 and maintained its number two rank in mortgage loan production in its home market of Puget Sound (Washington)(1), second only to Wells Fargo.

For more information on HomeStreet Bank's mortgage programs, visit www.homestreet.com/loans.

(1) Based on combined production of HomeStreet, Inc. subsidiaries. Source: Marketrac, Dec. 2012.

About HomeStreet, Inc.

HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services company headquartered in Seattle, Washington, and the holding company for HomeStreet Bank, a state-chartered, FDIC-insured savings bank. HomeStreet Bank offers consumer and business banking, investment and insurance products and services in Washington, Oregon, Idaho, Hawaii and California. http://ir.homestreet.com.

This press release includes forward-looking statements concerning HomeStreet, Inc. and HomeStreet Bank and their operations, performance and likelihood of growth and success. All statements other than statements of historical fact are forward-looking statements. Such statements are based on our management's beliefs, assumptions, estimates and expectations of our future performance and involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the company. A number of factors could cause actual results to materially differ from those expressed in or implied by such forward-looking statements. For instance, our ability to successfully expand our banking operations geographically and across market sectors, grow our franchise and capitalize on market opportunities may be limited due to risks and uncertainties including fluctuations in revenue or costs, the extent of our success in resolution of troubled assets, changes in competition faced by HomeStreet Bank, changes in the banking industry, legal and regulatory changes, changes in the securities markets, general and regional economic conditions and other factors listed from time to time in our SEC reports. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date.

HomeStreet, Inc.
Terri Silver, VP, Investor Relations & Corporate Communications
206-389-6303
terri.silver@homestreet.com
http://ir.homestreet.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HOMESTREET INC
06:18p HOMESTREET, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (..
06:13p HOMESTREET, INC. : Schedules Third Quarter 2016 Earnings Call for Tuesday, Octob..
09/23 HOMESTREET : Piermont Capital Management buys $4,010,441 stake in HomeStreet Inc..
08/12 HOMESTREET : Completes Purchase of Certain Assets, Branches, and Deposits from B..
08/04 HOMESTREET : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RES..
08/02 HOMESTREET, INC. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Ye..
07/29 HOMESTREET, INC. : Regulation FD Disclosure (form 8-K)
07/28 HOMESTREET : debuts new services here
07/27 HOMESTREET : HMST) Releases Earnings Results, Beats Expectations By $0.20 EPS
07/26 HOMESTREET BANK : Hires Edward C. Schultz as California State President for Comm..
More news
Sector news : Banks - NEC
07:14pDJDEUTSCHE BANK : Shares See-Saw as Justice Department Fine Looms
07:06p DEUTSCHE BANK : Political support for 'dinosaur' banks must end - Bundesbank's D..
07:06p POLITICAL SUPPORT FOR 'DINOSAUR' BAN : Bundesbank's Dombret
06:52pDJBOND REPORT : Treasury Yields Tumble To 3-week Low On Falling Oil Prices, Europe..
06:18p FTSE hovers near one-week lows as StanChart slides
More sector news : Banks - NEC
News from SeekingAlpha
09/09 HomeStreet rally pauses as D.A. Davidson rings the register
07/26 HomeStreet's (HMST) CEO Mark Mason on Q2 2016 Results - Earnings Call Transcr..
07/25 HomeStreet beats by $0.22
07/24 Notable earnings after Monday?s close
07/24 PLUMAS BANK : Under The Radar And Brimming With Potential
Advertisement
Financials ($)
Sales 2016 519 M
EBIT 2016 -
Net income 2016 56,1 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 11,01
P/E ratio 2017 9,26
Capi. / Sales 2016 1,19x
Capi. / Sales 2017 1,11x
Capitalization 620 M
More Financials
Chart HOMESTREET INC
Duration : Period :
HomeStreet Inc Technical Analysis Chart | HMST | US43785V1026 | 4-Traders
Full-screen chart
Technical analysis trends HOMESTREET INC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 27,0 $
Spread / Average Target 8,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Mark K. Mason Chairman, President & Chief Executive Officer
Melba Bartels Chief Financial Officer & Senior Executive VP
David A. Ederer Chairman-Emeritus
Scott M. Boggs Independent Director
Victor H. Indiek Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HOMESTREET INC14.97%620
JPMORGAN CHASE & CO.-0.38%237 596
INDUSTRIAL AND COML BA..-3.06%232 549
WELLS FARGO & CO-17.44%226 444
CHINA CONSTRUCTION BAN..-9.52%186 893
BANK OF AMERICA CORP-10.34%153 990
More Results