HomeStreet, Inc. Names Mark Ruh as Chief Financial Officer
September 12 2017 - 04:01PM
Business Wire
HomeStreet, Inc. (Nasdaq:HMST) (“HomeStreet”), the parent
company of HomeStreet Bank, has named Mark Ruh as Executive Vice
President and Chief Financial Officer, effective September 11,
2017. Mr. Ruh will oversee all aspects of financial management for
the $6.6 billion asset institution.
“We welcome Mark’s appointment as the CFO of HomeStreet Inc. and
Bank. We expect him to be a key member of management as we grow and
diversify our business,” said Mark K. Mason, CEO of HomeStreet.
“Since stepping in as the Interim CFO in April, Mark has
demonstrated effective leadership in finance, treasury and
accounting at HomeStreet. His diverse background – including
experience as the turnaround CFO of a commercial bank, as well as
financial institution focused private equity investment management
experience – brings a fresh perspective to our business
strategy.”
On April 24, 2017, Mr. Ruh took on the role of interim Chief
Financial Officer for HomeStreet. Prior to joining HomeStreet in
January 2017 as Senior Vice President, Corporate Development &
Strategic Investments, Mr. Ruh was a Managing Director at Commerce
Street Investment Management in Dallas, Texas. Previously, he
served as the Chief Financial Officer of Mission Community Bancorp
in San Luis Obispo, California, from 2011 to 2012, and was a
director of Mountain Commerce Bancorp in Knoxville, Tennessee from
2016 to 2017. Earlier in his career, Mr. Ruh served as a Vice
President at Castle Creek Capital LLC in Rancho Santa Fe,
California, and was the 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 – a Master of Business Administration (Kellogg School of
Management) and a Master of Engineering Management.
Forward-Looking Statements
This press release contains forward-looking statements
concerning HomeStreet, Inc. and HomeStreet Bank, and their
operations, performance, financial conditions and likelihood of
success. All statements other than statements of historical fact
are forward-looking statements. In particular, statements about the
anticipated future success of the Company, including the potential
benefit of any proposed plan of optimization for the Company, and
expectations of management relating to the future operations of the
Company are forward looking in nature. Forward-looking statements
are based on many beliefs, assumptions, estimates and expectations
of our future performance, taking into account information
currently available to us. Such statements involve inherent risks
and uncertainties, many of which are difficult to predict and are
generally beyond HomeStreet’s control. You should consider, among
other things, the risk factors included in our periodic reports
filed with the Securities and Exchange Commission, including but
not limited to our most recent Quarterly Report on Form 10-Q for
the second quarter of this year, filed on August 8, 2017.
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.
About HomeStreet, Inc.
HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial
services company headquartered in Seattle, Washington, serving
consumers and businesses in the Western United States and Hawaii
through its various operating subsidiaries. The company operates
two primary business segments: Mortgage Banking, which originates
and purchases single family residential mortgage loans, primarily
for sale into the secondary markets; and Commercial & Consumer
Banking, including commercial real estate, commercial lending,
residential construction lending, retail banking, private banking,
investment and insurance services. Its principal subsidiaries are
HomeStreet Bank and HomeStreet Capital Corporation. Certain
information about our business can be found on our investor
relations web site, located at http://ir.homestreet.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170912006732/en/
HomeStreet, Inc.Investor Relations:Gerhard
Erdelji, 206-515-4039gerhard.erdelji@homestreet.comorMedia
Relations:Michael Brandt,
206-876-5506michael.brandt@homestreet.comwww.homestreet.com/newsroom
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