Market Overview

Fortune Bank Agrees to Merge with HomeStreet

Fortune Bank (“Fortune”) today announced that it has entered into a
definitive agreement with HomeStreet, Inc. (NASDAQ: 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

Posted-In: News Guidance Contracts Management M&A Global

 

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