HomeStreet Bank - Banking, Credit Cards, Home Loans & Auto Loans

HomeStreet Bank


Press Release

HomeStreet Announces Resignation of Chief Financial Officer Mark Ruh

Company Release - 3/3/2020 1:20 PM ET

SEATTLE--(BUSINESS WIRE)-- HomeStreet, Inc. (Nasdaq:HMST) (the “Company” or “HomeStreet”), the parent company of HomeStreet Bank (“HomeStreet Bank”), announced today that Executive Vice President and Chief Financial Officer Mark R. Ruh has tendered his resignation from HomeStreet, effective June 5, 2020. In connection with his resignation, the Company has entered into a Resignation and Release Agreement that provides, among other things, for severance payments to be made to Mr. Ruh in exchange for certain releases from Mr. Ruh. Mr. Ruh has also provided assurances that he will assist in a smooth transition to the next Chief Financial Officer, and has agreed to allow HomeStreet to elect to extend his tenure with the Company if necessary until a date not later than September 11, 2020. In addition, if a new Chief Financial Officer is identified and appointed by HomeStreet prior to June 5, 2020, Mr. Ruh has agreed to relinquish his title and stay on to assist in the transition.

“I want to thank the HomeStreet Board of Directors and Mark Mason for the opportunity to serve as the Company’s CFO over the last three years,” said Mr. Ruh. “I also want to thank the great team I’ve had the opportunity to lead during my tenure – together we have played a major role in the substantial transition of HomeStreet from a thrift to a leading West Coast commercial bank.”

HomeStreet is conducting a search to find a new Chief Financial Officer and anticipates filling the position in the near term.

About HomeStreet, Inc.

HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii through its various operating subsidiaries. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. Certain information about our business can be found on our investor relations web site, located at http://ir.homestreet.com. HomeStreet Bank is a member of the FDIC and an Equal Housing Lender.

Investor Relations:
Gerhard Erdelji, 206-515-4039
gerhard.erdelji@homestreet.com

ir.homestreet.com/news

Source: HomeStreet, Inc.

X

You Are Leaving HomeStreet Bank

By choosing “click here to continue” you will be taken to a web site that is not affiliated with HomeStreet Bank and may offer a different privacy policy and level of security. HomeStreet is not responsible for and does not endorse, monitor or guarantee content, availability, viewpoints, products or services that are offered or expressed on other web sites. Furthermore, products offered on other web sites may not be FDIC insured. Thank you.

You are leaving our secured site to send an email. Please be aware this email is not a secure method of communication. Do not use email to send us confidential or sensitive information such as passwords, account numbers or social security numbers. If you need to provide this type of information, use our secure “Contact Us” form or by phone or fax for other secure options.

Return to HomeStreet Bank Click here to continue