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INVESTOR ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Simplicity Bancorp, Inc. Concerning the Fairness of the Sale of the Company to HomeStreet, Inc.

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Levi & Korsinsky is investigating the Board of Directors of Simplicity Bancorp, Inc. (“Simplicity Bancorp” or “the Company”) (NASDAQ:SMPL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to HomeStreet, Inc. (NASDAQ: HMST).

Click here to learn more about the investigation: http://www.zlkdocs.com/SMPL-Info-Request-Form_ma-2227.

Under the terms of the transaction, Simplicity Bancorp shareholders are expected to receive one share of HomeStreet common stock for each share owned of Simplicity common stock, subject to adjustment if HomeStreet’s closing stock price during a specified measurement period prior to closing is more than $20 or less than $15 per share. The investigation concerns whether the Board of Simplicity Bancorp breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether HomeStreet is underpaying for Simplicity Bancorp shares.

If you own Simplicity Bancorp common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlkdocs.com/SMPL-Info-Request-Form_ma-2227.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

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