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HomeStreet Named Finalist For ‘Innovative Community Banks Of The Year’ Award

HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (NASDAQ:HMST), announced today that it is a finalist for the Second Annual Innovative Community Banks of the Year award, presented by Western Independent Bankers (WIB) and BDO. Each finalist is selected based on forward-thinking and creative achievements of community banks in three different asset size categories for innovations achieved in 2012.

“These Innovative Community Banks of the Year Awards represent ways in which community banks are paving the way to innovation in community banking,” said Nancy Sheppard, president & CEO of WIB. “The nominated banks and finalists are prime examples of the way in which innovation and service can successfully meet.”

A panel of fourteen industry experts selected the finalists from a pool of nominations in the three asset-size categories. The chair of the Awards Advisory Committee is Mike Soza, Partner at BDO, a professional services firm that includes many community banks as clients. “BDO is very proud to be a co-sponsor of these awards once more,” said Soza. “We recognize the innovative ways these banks are reaching their customers and their communities, and we salute them.”

HomeStreet Bank was one of three finalists in the largest asset category of ‘Over $1 Billion in Assets.’

Profiles of each finalist bank, as well as a list of the judges, are on the WIB website. The winner in each category will be announced on March 24, 2013 at WIB’s Annual Bank Conference for Bank Presidents, Senior Officers and Directors in Kauai, Hawaii.

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 commercial banking, investment and insurance products and services in Washington, Oregon, Idaho, Hawaii and California. http://ir.homestreet.com.

About Western Independent Bankers

Western Independent Bankers (WIB) has been helping community bank executive management and board members solve their challenges for 75 years. WIB informs, educates and connects community banks with the resources and services to achieve the highest standards of personal and organizational performance. WIB has community bank members in nine western states in addition to an array of community bank service providers. For more information, visit www.wib.org .

About BDO

BDO is a U.S. professional services firm providing assurance, tax, financial advisory and consulting services through 40 offices and more than 400 independent alliance firms nationwide, and a global network in 119 countries. BDO’s Financial Institutions and Specialty Finance practice serves organizations across the spectrum of the industry including commercial, savings, agency and mortgage banks; branches of foreign banks operating in the United States; credit unions; and specialty finance companies.

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