Fortune Bank Agrees to Merge with HomeStreet

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Fortune Bank (“Fortune”) today announced that it has entered into a definitive agreement with HomeStreet, Inc.
HMST
(“HMST”) and its principal subsidiary HomeStreet Bank (“HomeStreet”) whereby Fortune will effectively merge into HomeStreet for cash consideration of $10.25 per common share. Including the planned cash redemption of in-the-money outstanding Fortune stock options and warrants, the aggregate transaction value is approximately $27.0 million.
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Posted In: NewsGuidanceContractsManagementM&AGlobal
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