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CITY OF EVERETT RESERVOIR 3 REPLACEMENT PHASE 1 IMCO General Construction |
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March 26, 2020
Seattle-based HomeStreet Inc., the parent company of HomeStreet Bank, suspended its stock repurchase program. As of last week, the bank had repurchased 335,360 shares at a cost of about $7.9 million. The program had authorization to buy up to $25 million in stock. HomeStreet said it's preserving capital to protect against potential credit losses and provide more lending support as a result of the COVID-19 pandemic. It could reinstate the remainder of the stock buyback program as circumstances warrant.
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