Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 303

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 303
---
 under the Medicare contribution tax on net investment income. Determining the actual tax consequences of the merger to you may be complex. They will depend on your specific situation and on factors that are not within the control of Mechanics or the HomeStreet Parties. You should consult with your own tax advisor as to the tax consequences of the merger in your particular circumstances. For purposes of this discussion, the term “U.S. holder” means a beneficial owner of Mechanics common stock that is for United States federal income tax purposes (i) an individual citizen or resident of the United States, (ii) a corporation, or entity treated as a corporation, organized in or under the laws of the United States or any state thereof or the District of Columbia, (iii) a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States persons have the authority to control all substantial decisions of the trust, or (iv) an estate, the income of which is includible in gross income for United States federal income tax purposes regardless of its source.

187

TABLE OF CONTENTS

The United States federal income tax consequences to a partner in an entity or arrangement that is treated as a partnership for United States federal income tax purposes and that holds Mechanics common stock generally will depend on the status of the partner and the activities of the partnership. Partners in a partnership holding Mechanics common stock should consult their own tax advisors. Tax Consequences of the Merger Generally The parties intend for the merger to qualify as a “reorganization” within the meaning of Section 368(a) of the Code. It is a condition to the HomeStreet Parties’ obligation to complete the merger that the HomeStreet Parties receive an opinion from Sullivan & Cromwell LLP (or another nationally recognized law firm), dated the closing date, to the effect that the merger will qualify as a “reorganization” within the meaning of Section 368(a) of the Code. It is a condition to Mechanics’ obligation to complete the merger that Mechanics receive an opinion from Wachtell, Lipton, Rosen & Katz (or another nationally recognized law firm) dated as of the closing date, to the effect that the merger will qualify as a “reorganization” within the meaning of Section 368(a) of the Code. These opinions will be based on the assumption that the merger will be completed in the manner set forth in the merger agreement and the registration statement on Form S-4 of which this proxy statement/prospectus/consent solicitation statement