Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 263

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 263
---
 25, 2025. The initial submission of a notification and report form was filed pursuant to the HSR Act with respect to the merger on June 9, 2025. On June 24, 2025, the parties received early termination of the applicable waiting period under the HSR Act.

#### Expected Timing of the Merger
Neither HomeStreet nor Mechanics can predict the actual date on which the merger will be completed, or if the merger will be completed at all, because completion is subject to conditions and factors outside the control of HomeStreet and Mechanics. Mechanics must obtain the requisite Mechanics shareholder approval, and HomeStreet must obtain the requisite HomeStreet shareholder approval. HomeStreet and Mechanics must also obtain necessary regulatory approvals and satisfy certain other closing conditions. HomeStreet and Mechanics expect the merger to be completed promptly once HomeStreet and Mechanics have obtained their respective shareholders’ approvals noted above, have obtained necessary regulatory approvals and have satisfied certain other closing conditions. Subject to the satisfaction of the conditions to the merger, the merger is expected to close in the third quarter of 2025.

#### Accounting Treatment of the Merger
HomeStreet and Mechanics prepare their respective financial statements in accordance with Generally Accepted Accounting Principles (“GAAP”). The merger will be accounted for as a reverse acquisition of HomeStreet by Mechanics under the acquisition method of accounting, and Mechanics will be treated as the acquirer for accounting purposes.

**Appraisal or Dissenters’ Rights in Connection with the Merger**

Under Section 23B.13.020 of the WBCA, a shareholder is entitled to dissent from, and obtain payment of the fair value of the shareholder’s shares only in the event of certain corporate acts, including: certain mergers which require shareholder approval and which the shareholder is entitled to vote on; certain share exchanges which the shareholder is entitled to vote on; certain sales or exchanges of all, or substantially all, of the corporation’s property which the shareholder is entitled to vote on; certain amendments to the articles of incorporation effecting a redemption or cancellation of the shareholders shares; and any corporate action taken pursuant to a shareholder vote to the extent the bylaws or articles of incorporation provide that the shareholders are entitled to dissent and obtain payment for their shares.

Under the WBCA, HomeStreet shareholders will not be entitled to dissenters’ rights in connection with the merger or other matters to be voted on at the HomeStreet special meeting because HomeStreet shareholders are not required to approve the merger within the meaning of Section 23B.11.040 of the