12-28-12 8-K Termination of MOU
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event Reported): December 28, 2012
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HOMESTREET, INC. (Exact name of registrant as specified in its charter) |
Washington
(State or other jurisdiction
of incorporation) | 001-35424
(Commission
File Number) | 91-0186600 (IRS Employer
Identification No.) |
601 Union Street, Ste. 2000, Seattle, WA 98101
(Address of principal executive offices) (Zip Code)
(206) 623-3050
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
HomeStreet, Inc.'s principal operating subsidiary, HomeStreet Bank, was recently notified by the Federal Deposit Insurance Corporation (“FDIC”) and Washington Department of Financial Institutions (“WDFI”) that its Memorandum of Understanding was terminated effective December 27, 2012. The Memorandum of Understanding, previously disclosed in March of 2012 required, among other things, the maintenance of a minimum Tier 1 capital ratio of 9%, a plan to reduce adversely classified assets to levels to be established by mutual agreement with the regulators, and a restriction on payment of dividends from the Bank to HomeStreet, Inc. The Bank is no longer required to comply with these items.
On December 28, 2012, HomeStreet Bank issued a press release announcing the termination of the Memorandum of Understanding. A copy of the press release is attached as Exhibit 99.1.
The information in this report, including the press release furnished as Exhibit 99.1 hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
Exhibit 99.1 Press Release issued by HomeStreet, Inc. dated December 28, 2012.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 28, 2012.
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| HomeStreet, Inc. |
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| By: | | /s/ Godfrey B. Evans |
| | | Godfrey B. Evans |
| | | Executive Vice President, Chief Administrative |
| | | Officer, General Counsel and Corporate Secretary |