Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 297

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 297
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 combined company board of directors, and from and after such time as the Rabobank Parties acquire additional shares of the combined company’s voting common stock such that they beneficially own, in the aggregate, 9.9% or more of the combined company’s voting common stock, the Rabobank Parties will have the right to appoint one director to the combined company board of directors (subject to the combined company board of directors’ reasonable approval).

The registration rights agreement will terminate, (i) upon the mutual written agreement of each of the parties thereto, (ii) in the case of the Rabobank Parties, when the Rabobank Parties no longer beneficially own any outstanding capital stock or other class of equity securities of the combined company and (iii) in the case of the Ford Entities, when the Ford Entities no longer beneficially own any outstanding capital stock or other class of equity securities of the combined company.

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TABLE OF CONTENTS

MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE MERGER The following discussion sets forth the anticipated material United States federal income tax consequences of the merger to U.S. holders (as defined below) of Mechanics common stock that exchange their shares of Mechanics common stock for the merger consideration. This discussion does not address any tax consequences arising under the laws of any state, local or foreign jurisdiction, or under any United States federal laws other than those pertaining to income tax. This discussion is based upon the Code, the regulations promulgated under the Code and court and administrative rulings and decisions, all as in effect on the date of this proxy statement/prospectus/consent solicitation statement. These laws may change, possibly retroactively, and any change could affect the accuracy of the statements and conclusions set forth in this discussion. This discussion addresses only those Mechanics shareholders that hold their shares of Mechanics common stock as a capital asset within the meaning of Section 1221 of the Code (generally, property held for investment). Further, this discussion does not address all aspects of United States federal income taxation that may be relevant to you in light of your particular circumstances or that may be applicable to you if you are subject to special treatment under the United States federal income tax laws, including if you are:

| • | a financial institution; |

| • | a tax-exempt organization; |

| • | a pass-through entity (or an investor in a pass-through entity); |

| • | an insurance company; |

| • | a