HomeStreet, a full-service community bank operating primarily in the Pacific Northwest, revised terms for its IPO on Thursday. The Seattle, WA-based company cut their original deal size and now plans to raise $165 million by offering 7.2 million shares at a price range of $22.00 to $24.00. HomeStreet, which was founded in 1921 and booked $49 million in revenues for the 12 months ended September 30, 2011, plans to list on the NASDAQ under the symbol HMST. FBR Capital Markets is the lead underwriter on the deal.
