HomeStreet Inc. (HMST) announced that it has received notification from its regulator, the Federal Reserve Bank of San Francisco, that the company is in full compliance with its Cease and Desist Order, dated May 2009, and the order has been terminated effective March 26, 2013.
"This is a tremendous acknowledgement of the accomplishments of our Company over the last four years…. HomeStreet's board of directors and management have worked closely with our regulator to meet the requirements of the order, and we are deeply gratified by this recognition of the successful recapitalization and strong financial condition of our institution," said Vice Chairman and CEO Mark Mason.
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