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Martin Steele Joins HomeStreet Bank As EVP, Chief Commercial Banking Officer

Stocks in this article: HMST

HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (NASDAQ:HMST), has hired Martin (“Marty”) A. Steele as Executive Vice President and Chief Commercial Banking Officer. Steele will manage the company’s Commercial Lending, Cash Management-Treasury Services, and Investment Services activities.

A long-time Pacific Northwest resident with 31 years of experience in commercial banking, Steele was previously CEO of Charter Bank, where he managed the bank’s merger into Boston Private Bank & Trust Company in 2011, continuing as the regional CEO for Boston Private. He has also held senior management positions with Commerce Bank of Washington and Bank of America in the areas of commercial banking, private banking and investment management.

“Marty is a highly accomplished banker and leader,” said HomeStreet President and CEO Mark K. Mason. “We are very pleased to have him on board to help us aggressively grow commercial lending and build on our recent investments in cash management and investment services.”

Steele holds an M.S. from Yale University and a B.S. from Rutgers University. He is currently on the boards of The Salvation Army, Imagine Housing and the Bellevue Chamber of Commerce.

About HomeStreet, Inc.

HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services company headquartered in Seattle, Washington, and the bank 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 and Hawaii. http://ir.homestreet.com.

This press release includes forward-looking statements concerning HomeStreet, Inc. and the Bank and their likelihood of growth and success. Such statements are based on 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, including fluctuations in revenue or costs, the extent of our success in resolution of troubled assets, changes in competition faced by the Bank, changes in the banking industry, legal and regulatory changes, changes in the securities markets, general and regional economic conditions and other matters that affect the Company’s results of operations.

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