M&A: HomeStreet, Inc.

Form Type: 8-K

Filing Date: 2024-12-31

Corporate Action: Acquisition

Type: New

Accession Number: 000151871524000203

Comments: HomeStreet, Inc. announced the completion of a significant transaction involving the sale of $990 million of multifamily commercial real estate loans by its subsidiary, HomeStreet Bank. This transaction occurred on December 27 and 30, 2024, and was conducted on a servicing retained basis, with the sale price being approximately 92% of the principal balance of the loans. Most of the proceeds from this sale were utilized to reduce borrowings from the Federal Home Loan Bank. Additionally, a press release regarding the completion of the loan sale was issued on December 31, 2024, which is included as Exhibit 99.1 in the report.

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