HomeStreet, a full-service community bank operating in the Pacific Northwest and Hawaii, postponed its IPO on Tuesday because of poor market conditions. The Seattle, WA-based company was founded in 1921 and booked $133.3 million in sales for the 12 months ended 6/30/11. This latest postponement follows the announcements of postponed offerings from Cathay Industrial Biotech (CBIO), Enduro Royalty Trust (NDRO), TIM w.e. (TMWE), and InvenSense (INVN). FBR Capital Markets was set to be the lead underwriter on the deal.
