Seattle, WA – HomeStreet, Inc., (the “Company” or “HomeStreet”) (NASDAQ:HMST), the parent company of HomeStreet Bank, today announced that it has hired Mark R. Ruh to lead corporate development and strategic investment functions for the Company.
Mr. Ruh joins HomeStreet with extensive banking, specialty finance, transaction and private equity investing experience. He will provide key leadership in evaluating and expanding the Company’s ongoing M&A strategy and its strategic investment initiatives for both new and existing lines of business.
HomeStreet CEO Mark Mason said, “Mark comes to us with an incredibly strong and diverse background, including management of private equity investments in community banks and specialty finance companies. He has also served as the chief financial officer of a publicly traded community bank and on a variety of boards of directors. We look forward to Mark’s leadership as we evaluate M&A opportunities and strategic investments, and build HomeStreet’s Small Business Investment Company fund investment portfolio.”
Mr. Ruh’s background includes serving as the CFO of Mission Community Bancorp & Bank in San Luis Obispo, California, Vice President at Castle Creek Capital LLC in Rancho Santa Fe, California, and President & COO of White River Capital, Inc. in Indianapolis, Indiana. He also served five years in the United States Navy as a nuclear submarine officer. Mr. Ruh holds a Bachelor of Science degree in Industrial Engineering from The Pennsylvania State University and two degrees from Northwestern University - an MBA (Kellogg School of Management) and a Masters of Engineering Management.
Mr. Ruh currently serves on the board of directors of Mountain Commerce Bancorp & Bank in Knoxville, Tennessee, and on the board of directors of the not-for-profit San Diego Blood Bank.
For more information about HomeStreet, Inc. and access to investor relations information, please visit http://ir.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, 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).
This press release contains forward-looking statements concerning HomeStreet, Inc. and HomeStreet Bank and their operations, performance and likelihood of success. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are based on many beliefs, assumptions, estimates and expectations of our future performance, taking into account information currently available to us, and include statements about the competitiveness of the banking industry. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond HomeStreet’s control. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date.
Heidi Wesley-Cleveland, 206-753-3740
Gerhard Erdelji, 206-515-4039