Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 43

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 43
---
Street board of directors unanimously recommends that the HomeStreet shareholders vote “FOR” the HomeStreet articles amendment proposal, “FOR” the HomeStreet share issuance proposal, “FOR” the HomeStreet new equity incentive plan proposal, “FOR” the HomeStreet merger-related compensation proposal and “FOR” the HomeStreet adjournment proposal. For a more detailed discussion of the HomeStreet board of directors’ recommendation, see the section entitled “ The Merger—HomeStreet’s Reasons for the Merger; Recommendation of the HomeStreet Board of Directors.”

18

TABLE OF CONTENTS

Mechanics’ Reasons for the Merger; Recommendation of the Mechanics Board of Directors (page 138) After careful consideration, the Mechanics board of directors, at a special meeting held on March 26, 2025, based upon the information provided to the Mechanics board and upon such other matters as were deemed relevant by the Mechanics board, unanimously determined that the entry into the merger agreement and the consummation of the transactions contemplated thereby, on the terms and conditions set forth in the merger agreement, were advisable and in the best interests of Mechanics and its shareholders and recommended that Mechanics shareholders entitled to consent approve the Mechanics merger proposal. The Mechanics board unanimously recommends that Mechanics shareholders entitled to consent approve the merger proposal by executing and returning the written consent furnished with this proxy statement/prospectus/consent solicitation statement. For a discussion of the factors considered by the Mechanics board of directors in approving the merger agreement, see the section entitled “ The Merger—Mechanics’ Reasons for the Merger; Recommendation of the Mechanics Board of Directors.” Opinion of HomeStreet’s Financial Advisor (page 141) In connection with the merger, HomeStreet’s financial advisor, Keefe, Bruyette & Woods, Inc. (“KBW”), delivered a written opinion, dated March 28, 2025, to the HomeStreet board of directors as to the fairness, from a financial point of view and as of the date of the opinion, to HomeStreet of the consideration to be paid to holders of Mechanics common stock in the proposed merger. The full text of KBW’s opinion, which describes the procedures followed, assumptions made, matters considered, and qualifications and limitations on the review undertaken by KBW in preparing the opinion, is attached as Annex Eto this document. The opinion was for the information of, and was directed to, the HomeStreet board of directors (in its capacity as such) in connection with its consideration of the financial terms of the merger. The opinion