Paul Renstrom Joins HomeStreet As SVP And Enterprise Risk Management Director

HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (NASDAQ:HMST), has hired Paul A. Renstrom as Senior Vice President and Enterprise Risk Management Director. Renstrom will oversee the Company’s enterprise-wide risk management program.

Renstrom comes to HomeStreet from HSBC North America, where he served for several years as Vice President and Director of Retail Risk Management for retail risk across North America. Previously, he managed enterprise risk for HSBC Card Services.

Prior to his tenure at HSBC, Renstrom was Senior Vice President and Director of Internal Audit and Regulatory Affairs for Fidelity Federal Bank in Glendale, Calif. Earlier in his career, he worked in bank oversight positions for the U.S. Department of Treasury’s Office of Thrift Supervision and Office of the Comptroller of the Currency.

Renstrom holds a Bachelors of Science degree in Management from the University of Oregon.

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.

Copyright Business Wire 2010

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