Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 224

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 224
---
 from the execution version reviewed by KBW and referred to above), with no adjustments to the consideration to be paid to holders of Mechanics common stock and with no other consideration or payments in respect of HomeStreet common stock or Mechanics common stock; |

| • | the representations and warranties of each party in the merger agreement and in all related documents and instruments referred to in the merger agreement were true and correct; |

| • | each party to the merger agreement and all related documents would perform all of the covenants and agreements required to be performed by such party under such documents; |

| • | there are no factors that would delay or subject to any adverse conditions, any necessary regulatory or governmental approval for the merger or any related transactions and that all conditions to the completion of the merger and any related transactions would be satisfied without any waivers or modifications to the merger agreement or any of the related documents; and |

| • | in the course of obtaining the necessary regulatory, contractual, or other consents or approvals for the merger and any related transactions, no restrictions, including any divestiture requirements, termination or other payments or amendments or modifications, would be imposed that would have a material adverse effect on the future results of operations or financial condition of HomeStreet, Mechanics or the pro forma entity, or the contemplated benefits of the merger, including without limitation the cost savings expected to result or be derived from the merger. |

KBW assumed that the merger would be consummated in a manner that complies with the applicable provisions of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and all other applicable federal and state statutes, rules and regulations. KBW was further advised by representatives of HomeStreet that

143

TABLE OF CONTENTS

HomeStreet relied upon advice from its advisors (other than KBW) or other appropriate sources as to all legal, financial reporting, tax, accounting and regulatory matters with respect to HomeStreet, HomeStreet Bank, Mechanics, the merger and any related transaction, and the merger agreement. KBW did not provide advice with respect to any such matters. KBW’s opinion addressed only the fairness, from a financial point of view, as of the date of such opinion, of the consideration to be paid to holders of Mechanics common stock in the merger to HomeStreet. KBW expressed no view or opinion as to any other terms or aspects of the merger or any term or aspect of any related transactions, including without limitation, the form or structure of the merger or any