HomeStreet (HMST) Approves Two-for-One Forward Split

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HomeStreet, Inc. (Nasdaq: HMST) has authorized a two-for-one forward split of HomeStreet’s common stock, no par value, and in connection therewith an increase in the number of authorized shares of common stock to 80,000,000 from 40,000,000. The split will become effective as of 11:59 p.m. Pacific Time on March 6, 2012 and shareholders of record as of that date will receive one additional share of common stock for each share then owned. The distribution date for the new shares will be March 8, 2012. There are currently approximately 3.59 million shares of common stock outstanding. Upon completion of the stock split, there will be approximately 7.17 million shares of common stock outstanding.

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