homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


print  email to a friend  reprints add to mydjc  

March 26, 2020

HomeStreet

Seattle-based HomeStreet Inc., the parent company of HomeStreet Bank, suspended its stock repurchase program. As of last week, the bank had repurchased 335,360 shares at a cost of about $7.9 million. The program had authorization to buy up to $25 million in stock. HomeStreet said it's preserving capital to protect against potential credit losses and provide more lending support as a result of the COVID-19 pandemic. It could reinstate the remainder of the stock buyback program as circumstances warrant.




Email or user name:
Password:
 
Forgot password? Click here.