Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 21

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 21
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 in the third quarter of 2025.

| Q: | What are the conditions to complete the merger? |

| A: | The obligations of HomeStreet and Mechanics to complete the merger are subject to the satisfaction or waiver of certain closing conditions contained in the merger agreement, including the receipt of requisite regulatory approvals and the expiration or termination of all statutory waiting periods in respect thereof (including, in the case of obligations of Mechanics to effect the merger, such requisite regulatory approvals having not resulted in any material burdensome condition), the receipt of certain tax opinions, the receipt of the requisite HomeStreet shareholder approval and the receipt of the requisite Mechanics shareholder approval. For more information, see the section entitled “The Merger Agreement—Conditions to Complete the Merger.” |

| Q: | What happens if the merger is not completed? |

| A: | If the merger is not completed, Mechanics shareholders will not receive any consideration for their shares of Mechanics common stock in connection with the merger. Instead, Mechanics will remain an independent private company, and HomeStreet will not complete the issuance of shares of new HomeStreet common stock pursuant to the merger agreement. In addition, if the merger agreement is terminated in certain circumstances, a termination fee of $10 million will be payable by HomeStreet to Mechanics. See the section entitled “The Merger Agreement—Effect of Termination; Termination Fee” for a more detailed discussion of the circumstances under which a termination fee will be required to be paid. |

| Q: | What if I own shares of both HomeStreet and Mechanics? |

| A: | If you hold shares of both HomeStreet common stock and Mechanics common stock, you will receive two separate packages of this proxy statement/prospectus/consent solicitation statement. A vote cast as a holder of HomeStreet common stock will not count as the delivery of a written consent in favor of the Mechanics merger proposal, and delivering a written consent in favor of the Mechanics merger proposal will not count as a vote cast as a holder of HomeStreet common stock. Therefore, please submit a separate proxy for your shares of HomeStreet common stock and deliver a separate written consent for your shares of Mechanics common stock. |

Questions and Answers for HomeStreet Shareholders

| Q: | When and where will the HomeStreet special meeting take place? |

| A: | The HomeStreet special meeting will be held virtually via the internet on [ ], 2025 at [ ], Pacific Time. The HomeStreet special meeting will be held in a virtual-only format