Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 29

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 29
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 conflicts of interest. The Mechanics board of directors was aware of these interests and considered them when evaluating and negotiating the merger agreement, the merger and the other transactions contemplated by the merger agreement, and in recommending to Mechanics shareholders that they vote in favor of the Mechanics merger proposal. See the section entitled “The Merger—Interests of Mechanics Directors and Executive Officers in the Merger” for more information. |

| Q: | What is the recommendation of the Mechanics board? |

| A: | The Mechanics board unanimously recommends that Mechanics shareholders entitled to consent approve the Mechanics merger proposal by executing and returning the written consent furnished with this proxy statement/prospectus/consent solicitation statement. |

| Q: | What shareholder consent is required to approve the merger? |

| A: | HomeStreet and Mechanics cannot complete the merger unless the Mechanics shareholders approve the Mechanics merger proposal. |

The approval of the Mechanics merger proposal requires the affirmative consent of the holders of a majority of the outstanding shares of Mechanics voting common stock entitled to vote thereon (such approval, the “requisite Mechanics shareholder approval”). Subsequent to the execution of the merger agreement, HomeStreet and the key shareholders entered into the key shareholder voting agreements. Pursuant to the key shareholder voting agreements, each of the key shareholders has agreed, promptly (and in any event within five (5) business days) after the registration statement of which this proxy statement/prospectus/consent solicitation statement forms a part is declared effective under the Securities Act by the SEC, to execute and deliver written consents approving the Mechanics merger proposal with respect to all of such key shareholder’s shares of Mechanics common stock entitled to act by written consent with respect thereto. The shares of Mechanics voting common stock that are owned by the key shareholders and subject to the key shareholder voting agreements represent approximately 90.4% of the Mechanics voting common stock issued and outstanding as of the date of this proxy statement/prospectus/consent solicitation statement. The execution and delivery of written consents by the Ford Entities, who are key shareholders, will constitute receipt by Mechanics of the shareholder approval required for the Mechanics merger proposal and, therefore, Mechanics expects to receive a number of written consents sufficient to satisfy the requisite Mechanics shareholder approval required under the merger agreement.

| Q: | Who is entitled to give a written consent? |

| A: | Holders of Mechanics voting common stock who hold such shares as of sixty (60) days before the action by written consent (the “consent record date”) are entitled