Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 306

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 306
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 well as any tax consequences arising under the United States federal estate or gift tax rules, or under the laws of any state, local, foreign or other taxing jurisdiction.

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TABLE OF CONTENTS

UNAUDITED PRO FORMA COMBINED CONDENSED CONSOLIDATED FINANCIAL INFORMATION The following tables present unaudited condensed consolidated financial information for each of Mechanics and HomeStreet, as well as unaudited pro forma combined condensed consolidated financial information for Mechanics and HomeStreet reflecting the merger and pro forma adjustments described in the accompanying notes. Mechanics and HomeStreet have prepared the unaudited pro forma combined condensed consolidated balance sheet to give pro forma effect to the merger as if it had been consummated on March 31, 2025, and the unaudited pro forma combined condensed consolidated income statement to give pro forma effect to the merger as if it had been consummated on January 1, 2024. The unaudited pro forma combined condensed consolidated financial information appearing below assumes that the merger is accounted for as a reverse acquisition using the acquisition method of accounting, pursuant to FASB Topic 805-10, Business Combinations, with HomeStreet treated as the legal acquirer and Mechanics treated as the accounting acquirer. In identifying Mechanics as the acquiring entity for accounting purposes, HomeStreet and Mechanics took into account a number of factors as of the date of this proxy statement/prospectus/consent solicitation statement, including the relative size of HomeStreet and Mechanics prior to the consummation of the merger and the relative voting rights of all equity instruments in the combined company. No single factor was the sole determinant in the overall conclusion that Mechanics is the acquirer for accounting purposes; rather all factors were considered in arriving at such conclusion. See the section entitled “ The Merger—Accounting Treatment of the Merger.” Under the acquisition method of accounting, the assets and liabilities of HomeStreet, as the accounting acquiree, will be recorded at their respective fair values as of the date the merger is completed. The unaudited pro forma adjustments, including the allocations of the purchase price, are preliminary and have been made solely for the purpose of providing unaudited pro forma combined condensed consolidated financial information with materially relevant estimated adjustments. Certain reclassifications have been made to the historical financial statements of HomeStreet to conform to the presentation in Mechanics’ financial statements. Accordingly, the unaudited pro forma combined condensed consolidated financial information is presented for illustrative purposes only and is not necessarily indicative of the results that might