HomeStreet, Inc. (Nasdaq: HMST), the parent company of HomeStreet Bank of Seattle, announced today that it will be one of the first banks nationwide to launch Zelle, a person-to-person (P2P) payment service that is embedded in HomeStreet Bank's mobile app.

Zelle will enable HomeStreet customers to send and receive payments for free with almost anyone with a U.S. bank account, using only the recipient's mobile phone number or email address. Funds sent through Zelle are typically available in the recipient's bank account within minutes.

"HomeStreet Bank is pleased to be one of the first financial institutions to launch Zelle," said Mark Mason, President and CEO of HomeStreet Bank. "Our customers want a safe, fast, and easy way to move money, and we're proud to be able to provide this cutting-edge technology."

The Zelle Network connects the nation's largest financial institutions, enabling more than 86 million mobile banking customers to send fast P2P payments through the security of their banking mobile app.

HomeStreet Bank customers will have access to Zelle via the HomeStreet Bank mobile app, which can be downloaded for free in the Apple App Store or in the Google Play store.

For more information about HomeStreet Bank, please visit www.homestreet.com.

About HomeStreet, Inc.

Now in its 97th year, HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial services company headquartered in Seattle, Washington and is the holding company for HomeStreet Bank, a state-chartered, FDIC-insured commercial bank. HomeStreet offers consumer, commercial and private banking services and investment and insurance products, and originates residential and commercial mortgages and construction loans for borrowers located in the Western United States and Hawaii. The bank has consistently received an "outstanding" rating under the federal Community Reinvestment Act (CRA). Additional information on HomeStreet Bank can be found at www.homestreet.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170628005936/en/

Copyright Business Wire 2010

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