Company: MCHB
Filing Date: 2025-04-03
Form Type: 425
Source: 0001518715-25-000059
Chunk: 4

Company: Mechanics Bancorp
Filing Date: 2025-04-03
Form: 425
Chunk 4
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 by the requisite vote of the Mechanics Bank shareholders, (b) the receipt of the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the California Department of Financial Protection and Innovation and the Washington State Department of Financial Institutions, Division of Banks, (c) in the case of Mechanics Bank’s obligation to complete the Merger, no governmental entity having imposed, and no requisite regulatory approval containing, a Material Burdensome Condition (as defined in the Merger Agreement), (d) effectiveness of the registration statement on Form S-4 to be filed with the Securities and Exchange Commission (“ SEC ”) by HomeStreet in connection with the transactions contemplated by the Merger Agreement (the “ S-4 ”), (e) the absence of any order, injunction, decree or other legal restraint preventing the completion of the transactions contemplated by the Merger Agreement or any law making the completion thereof illegal and (f) in the case of Mechanics Bank’s obligation to complete the Merger, authorization for listing on NASDAQ or NYSE of the shares of HomeStreet Common Stock to be issued in the Share Issuance, subject to official notice of issuance.

Each party’s obligation to complete the Merger is also subject to certain additional conditions, including (a) subject to certain materiality thresholds, the accuracy of the representations and warranties of Mechanics Bank, in the case of HomeStreet and HomeStreet Bank, and HomeStreet and HomeStreet Bank, in the case of Mechanics Bank, (b) performance in all material respects by Mechanics Bank, in the case of HomeStreet and HomeStreet Bank, and HomeStreet and HomeStreet Bank, in the case of Mechanics Bank, of its respective obligations under the Merger Agreement and (c) receipt by such party of an opinion from its counsel to the effect that the Merger will qualify as a reorganization within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended.

The Merger Agreement provides certain termination rights for both HomeStreet and HomeStreet Bank, on the one hand and Mechanics Bank, on the other hand. The Merger Agreement also provides that a termination fee of $10.0 million will be payable by HomeStreet upon termination of the Merger Agreement under certain circumstances.

#### Voting Agreements
On March 28, 2025, shortly following the execution of the Merger Agreement, HomeStreet entered into (a) a Voting and Support Agreement (the “ Ford Voting Agreement ”) with EB Acquisition Company LLC