Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 270

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 270
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. Accordingly, the representations and warranties in the merger agreement should not be relied on by any persons as characterizations of the actual state of facts about the HomeStreet Parties and Mechanics at the time they were made or otherwise and should be read only in conjunction with the other information provided elsewhere in this proxy statement/prospectus/consent solicitation statement, and in the documents incorporated by reference into this proxy statement/prospectus/consent solicitation statement. Please see the section entitled “ Where You Can Find More Information .”

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#### Structure of the Merger
Each of HomeStreet’s, HomeStreet Bank’s and Mechanics’ board of directors has unanimously approved the merger agreement, and HomeStreet has approved and adopted the merger agreement in its capacity as the sole shareholder of HomeStreet Bank. Under the merger agreement, HomeStreet Bank will merge with and into Mechanics, with Mechanics remaining as the surviving entity and becoming a wholly owned subsidiary of HomeStreet. In connection with the merger, HomeStreet will be renamed “Mechanics Bancorp”. Following the consummation of the merger, HomeStreet will remain a publicly traded company.

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At any time prior to the effective time of the merger, HomeStreet and Mechanics may, by mutual agreement, change the method or structure of effecting the combination of HomeStreet and Mechanics (including the merger), if and to the extent they both deem such change to be necessary, appropriate or desirable, provided, that no such change may (i) alter or change the exchange ratios or the number of shares of HomeStreet common stock to be received by Mechanics shareholders in exchange for each share of Mechanics common stock, (ii) adversely affect the tax treatment of the HomeStreet shareholders or the Mechanics shareholders pursuant to the merger agreement, (iii) adversely affect the tax treatment of HomeStreet or Mechanics pursuant to the merger agreement or (iv) materially impede or delay the consummation of the transactions contemplated by the merger agreement in a timely manner.

#### Merger Consideration
If the merger is completed, each issued and outstanding share of common stock of Mechanics designated as (i) Mechanics voting common stock will be converted into the right to receive 3,301.0920 shares of Class A common stock and (ii) Mechanics non-voting common stock will be converted into the right to receive 330.1092 shares of Class B common stock, subject to the terms of the