On June 25, 2020, the Board of Directors of HomeStreet, Inc., upon recommendation of the Board's Human Resources and Corporate Governance Committee, took action pursuant to the company's Amended and Restated Bylaws to expand the Board to 9 directors and appoint Jeffrey D. Green to fill the vacancy created by that expansion for a term that will expire at the next annual meeting of the Company's shareholders. Mr. Green will also serve as a member of the Company's HRCG and Audit Committees. From 1990 until his retirement the end of 2018, Mr. Green worked with financial institution clients as an audit partner at Moss Adams LLP, an advisory, tax and accounting firm headquartered on the West coast. From 2015 to 2018, he was the Financial Institutions National Practice Leader, and in that role he was responsible for the Firm’s financial institutions practice, covering accounting, auditing, and strategic issues facing financial institutions including SEC bank reporting companies, community banks, thrifts and mortgage banking companies. The HRCG recommended that the Board appoint Mr. Green as a director following a thorough assessment of his background and qualifications. Mr. Green's decades of experience in working with financial institutions on accounting, audit issues and strategic matters, his qualification as an audit committee financial expert and his management experience, were considered important by the HRCG in its evaluation. Mr. Green was not appointed as a director pursuant to any arrangement or understanding with any person, and is not a participant in any related party transaction required to be reported pursuant to Item 404(a) of Regulation S-K.