Company: MCHB
Filing Date: 2025-03-31
Form Type: 425
Source: 0001518715-25-000037
Chunk: 0

Company: Mechanics Bancorp
Filing Date: 2025-03-31
Form: 425
Chunk 0
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Filed by: HomeStreet, Inc. Pursuant to Rule 425 under the Securities Act of 1933, as amended and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934, as amended Subject Company: HomeStreet, Inc. Commission File No.: 001-35424 The following email was sent to all employees of HomeStreet, Inc. and HomeStreet Bank on March 31, 2025 in connection with the proposed transaction between HomeStreet, Inc. and Mechanics Bank.

All-Employee Email From: Mark Mason To: All HomeStreet Employees Subject: Message from our Chairman, CEO and President on Recent Merger News March 31, 2025 – Today we announced in a joint press release Mechanics Bank and HomeStreet, Inc. (NASDAQ: HMST) (“HomeStreet”), the holding company of HomeStreet Bank, that we have entered into a definitive merger agreement (the “Merger Agreement”) providing for an all-stock business combination between HomeStreet and Mechanics Bank. Under the terms of the Merger Agreement, which was unanimously approved by the boards of directors of both companies, HomeStreet Bank will be merged with and into Mechanics Bank (the “Merger”), with Mechanics Bank surviving as a banking corporation incorporated under the laws of the State of California and as a wholly owned subsidiary of HomeStreet (the resulting holding company of Mechanics Bank following the Merger, the “combined company”). Existing shareholders of Mechanics Bank will receive common stock in HomeStreet in exchange for their Mechanics Bank shares. Upon completion of the Merger, HomeStreet will be renamed Mechanics Bancorp and remain a publicly traded company. Who is Mechanics Bank? Mechanics Bank is a 120-year-old full-service community bank based in Walnut Creek, California, with 112 branches throughout California and more than $16 billion in assets. Once combined with HomeStreet, the company will expand Mechanics Bank’s West Coast footprint and create a combined company with 168 branches and $23 billion in assets. This merger validates the intrinsic value of HomeStreet’s loyal customer base, strong management and dynamic markets in which we operate and allows our shareholders to participate in the benefits of the combination going forward. The combined company will have a strong branch footprint and deposit market share in the best markets in the west, strong core deposit funding, a well-diversified conservatively underwritten loan portfolio and a growing wealth management and trust business. With virtually zero market overlap, no branch closures are expected. We believe this merger will improve our customers’ experience providing significantly