HomeStreet CEO Mark K. Mason Named Finalist for Prestigious 2013 Ernst & Young Entrepreneur Of The Year ® Award
Turnaround Year Resulted in Record Profitability
SEATTLE--(BUSINESS WIRE)-- HomeStreet, Inc. (Nasdaq: HMST ) is proud to announce that President and CEO Mark K. Mason has been named a finalist for the Ernst & Young Entrepreneur Of The Year® 2013 Award in the Pacific Northwest region. The award program recognizes high-growth entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.
Mr. Mason joined HomeStreet in 2009 to lead the turnaround of the institution, which had suffered during the economic recession of 2008-2009. He embarked on a multifaceted turnaround and growth strategy and by the second quarter of 2011 had returned the company to profitability. Under his leadership, the company was recapitalized through an initial public offering in February 2012 and today is stronger and more profitable than at any other time in its 92-year history. HomeStreet’s initial public offering was one of the best performing in the United States in 2012.
“I am deeply gratified to be acknowledged as a finalist and I share this honor with everyone at HomeStreet who worked as a team to return our Company to stability and growth," said Mason. "Our success reflects the value of our company’s culture of customer and community service – a culture that has been nurtured over our long history.”
Now in its 27th year, the Ernst & Young Entrepreneur of the Year Program has expanded globally to recognize business leaders in over 140 cities and in more than 50 countries throughout the world. Pacific Northwest award winners will be announced at a special gala event on Friday, June 7 at the Hyatt Regency Hotel in Bellevue, Wash.
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 and Hawaii. HomeStreet Bank conducts lending activities in Washington, Oregon, Hawaii, Idaho, California, Arizona, Utah and Alaska. For more information, visit http://ir.homestreet.com. Information contained in or linked from our website is not incorporated into, and does not form a part of, this release.
Terri Silver, VP, Investor Relations/Corporate Communications, 206-389-6303
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