Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 288

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 288
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, in the event that after the date of the merger agreement and prior to the receipt of the requisite HomeStreet shareholder approval HomeStreet receives an unsolicited bona fide written acquisition proposal, HomeStreet may, and may permit its subsidiaries and its and its subsidiaries’ representatives to, furnish or cause to be furnished confidential or nonpublic information or data and participate in such negotiations or discussions with the person making the acquisition proposal if the HomeStreet board of directors concludes in good faith (after receiving the advice of its outside counsel and, with respect to financial matters, its financial advisors) that failure to take such actions would be more likely than not to result in a violation of its fiduciary duties under applicable law, provided that, prior to furnishing any confidential or nonpublic information permitted to be provided, HomeStreet must enter into a confidentiality agreement with the person making such acquisition proposal on terms no less favorable to it than the confidentiality agreement, dated January 13, 2025, among Mechanics, HomeStreet and the other parties thereto, which confidentiality agreement must not provide such person with any exclusive right to negotiate with such party.

HomeStreet has agreed to (i) promptly (and in any event within twenty-four (24) hours) advise Mechanics following receipt of any acquisition proposal or any inquiry which could reasonably be expected to lead to an acquisition proposal, and the substance thereof (including the terms and conditions of and the identity of the person making such

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inquiry or acquisition proposal), provide Mechanics with an unredacted copy of any such acquisition proposal and any draft agreements, proposals or other materials received from or on behalf of the person making such inquiry or acquisition proposal, and keep Mechanics apprised of any related developments, discussions and negotiations on a current basis, including any amendments to or revisions of the material terms of such inquiry or acquisition proposal and (ii) use its reasonable best efforts to enforce any existing confidentiality or standstill agreements to which it or any of its subsidiaries is a party in accordance with the terms thereof. Conditions to Complete the Merger As more fully described in the merger agreement, the completion of the merger is subject to the satisfaction or waiver by the party entitled to the benefit of such condition (as permitted by applicable law) of a number of conditions. These conditions include:

| • | (i) the requisite Mechanics shareholder approval having been obtained, and (ii) the requisite HomeStreet shareholder approval having been obtained; |

| • | (i) all requisite regulatory approvals