Homestreet, a community bank in the Pacific northwest, raised $80 million by offering 1.8 million shares at $44, the midpoint of the range. The market cap will be $138 million. As with GSE Holding earlier today, Homestreet successfully priced after postponing and cutting its deal size. Its previous attempts were in August for $180 million and in December for $165 million. Homestreet began trading this afternoon on the NASDAQ under the symbol HMST and was up 6% in early trading. FBR Capital Markets acted as the lead manager on the deal, which had been scheduled for next week.
