Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 101

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 101
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, and regulatory enforcement actions restricting Mechanics’ growth and restrictions on future acquisitions and de novo branching.

**Mechanics relies on certain entities affiliated with the Ford Entities for services, and certain of Mechanics directors and officers are employed by entities affiliated with the Ford Entities.**

Mechanics is a party to a Bank Services Agreement (the “Mechanics Bank Services Agreement”) with GJF Financial Management II, LLC (“GJF Management”), an affiliate of Gerald J. Ford, a former director and now director emeritus of Mechanics. GJF Management serves as the management company to Ford Financial Fund II, L.P. and Ford Financial Fund III, L.P., which collectively beneficially own, directly or indirectly, approximately 85% of Mechanics voting common stock as of July 1, 2025. Pursuant to the Mechanics Bank Services Agreement, GJF Management and individuals from GJF Management provide certain services to Mechanics, including, among others, accounting, tax, investment management, legal, regulatory, strategic planning, capital management, budgeting and other oversight. The services and value of services, inclusive of administrative costs, are evaluated annually to ensure compliance with applicable regulations. These services are provided to Mechanics at a cost up to $10.0 million annually (pro rata for any partial years). Either party may terminate this agreement upon thirty days’ prior notice to the other. There may be disruption to Mechanics’ business and operations if such services were to be terminated or if Mechanics’ relationship with GJF Management or the Ford Entities were to change.

Further, Mr. Webb, Chairman of the Mechanics board, is employed by GJF Management, and Mr. Russell, a director and former interim Chief Executive Officer of Mechanics, is employed by an affiliate of Mr. Ford. Additionally, Mr. Johnson, Mechanics’ current President and Chief Executive Officer, is employed by GJF Management. There may be disruption to Mechanics’ business and operations if such personnel were no longer involved with Mechanics.

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This proxy statement/prospectus/consent solicitation statement contains “forward-looking statements” within the meaning of applicable securities laws, which statements involve inherent risks and uncertainties. Any statements regarding HomeStreet’s and Mechanics’ outlook or expectations with respect to the merger, including the expected costs to be incurred and cost savings to be realized in connection with the merger, the expected impact of the merger on