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HomeStreet Bank Announces Cardless Cash Feature for Fast, Secure and Convenient ATM Transactions

Today, HomeStreet Bank, a subsidiary of HomeStreet, Inc. (Nasdaq: HMST), announced a new Cardless Cash feature that allows customers to securely withdraw money from an ATM using just their smartphone. Designed to increase convenience and prevent card skimming, customers can now use the HomeStreet Bank mobile app to withdraw cash from participating ATMs all without using their debit or ATM card.

With today’s announcement, all HomeStreet Bank ATM and debit card owners are eligible to use the new Cardless Cash feature, which is the first of many innovative mobile features the bank will launch in the next few months.

“We understand that our customers want quick, easy and secure access to their accounts,” said Mark Mason, CEO and President of HomeStreet Bank. “Cardless Cash is the next evolution of mobile banking, and as one of the first banks to offer the service, our customers are reaping the benefits of added convenience and security.”

The HomeStreet Bank mobile banking app is available to download on iPhone and Android smartphones. HomeStreet Bank does not charge a fee to use the service. Personal information – including card numbers and security codes – is never stored in the HomeStreet Bank mobile banking app or on personal mobile devices. The mobile app is protected by the same user ID and password authentication security used for online banking and mobile banking.

For more information about HomeStreet Bank, please visit www.homestreet.com.

About HomeStreet, Inc.

Now in its 97th year, HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial services company headquartered in Seattle, Washington and is the holding company for HomeStreet Bank, a state-chartered, FDIC-insured commercial bank. HomeStreet offers consumer, commercial and private banking services and investment and insurance products, and originates residential and commercial mortgages and construction loans for borrowers located in the Western United States and Hawaii. The bank has consistently received an “outstanding” rating under the federal Community Reinvestment Act (CRA). Additional information on HomeStreet Bank can be found at www.homestreet.com.

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Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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