Company: MCHB
Filing Date: 2025-03-31
Form Type: 8-K
Source: 0001518715-25-000029
Chunk: 1

Company: Mechanics Bancorp
Filing Date: 2025-03-31
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01      Other Events  

On March 31, 2025, HomeStreet, Inc. (“ HomeStreet”) and Mechanics Bank (“ Mechanics Bank”) issued a joint press release announcing the execution of an Agreement and Plan of Merger (the “ Merger Agreement”), dated as of March 28, 2025, by and among HomeStreet, HomeStreet Bank and Mechanics Bank, pursuant to which, upon the terms and subject to the conditions set forth therein, HomeStreet Bank will merge with and into Mechanics Bank, and Mechanics Bank will become a wholly-owned subsidiary of HomeStreet.

The transaction is expected to close in the third quarter of 2025, subject to the receipt of regulatory approvals, the approval of HomeStreet’s and Mechanics Bank’s shareholders and the satisfaction of customary closing conditions.

A copy of the joint press release issued by HomeStreet and Mechanics Bank is filed as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated by reference herein.

Cautionary Note Regarding Forward Looking Statements

When used in this Current Report on Form 8-K and in other documents filed with or furnished to the U. S. Securities and Exchange Commission (the “ SEC”), in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believes,” “expects,” “anticipates,” “plans,” “trend,” “objective,” “continue,” or similar expressions or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “may” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date such statements are made. Such forward-looking statements include, but are not limited to, statements about the benefits of the business combination transaction involving Mechanics Bank, HomeStreet and HomeStreet Bank (the “ Transaction”), including future financial and operating results, and the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts.

These forward-looking statements are subject to risks, uncertainties, assumptions, estimates, and other important factors that may cause actual results to differ materially from those projected. In addition to factors previously disclosed in HomeStreet’s reports filed with the SEC, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: