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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.
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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