Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 698

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 698
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 28, 2025 (this “ Agreement ”), is made by and among (1) HomeStreet, Inc., a Washington corporation (“ Parent ”), (2) EB Acquisition Company LLC and EB Acquisition Company II LLC (together, the “ Acquisition Entities ”) and (3) Ford Financial Fund II, L.P. and Ford Financial Fund III, L.P. (together, the “ Fund Entities ”) (together, the “ Parties ” and each a “ Party ”).

### W I T N E S E T H
WHEREAS, on March 28, 2025, Parent, HomeStreet Bank, a Washington state-chartered commercial bank and a direct and wholly owned subsidiary of Parent (“ Parent Bank ”), and Mechanics Bank (“ Company ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), pursuant to which, among other things, Parent Bank will merge with and into Company (the “ Merger ”), so that Company is the surviving entity in the Merger, upon the terms and subject to the conditions set forth in the Merger Agreement;

WHEREAS in connection with the transactions contemplated by the Merger Agreement, the Board of Directors of Parent has (a) approved the amendment of Parent’s articles of incorporation in the form attached as Exhibit B to the Merger Agreement (the “ Articles Amendment ”), which, among other things, authorizes Parent to issue Class A Common Stock and Class B Common Stock (in each case as defined in the Articles Amendment), (b) resolved to submit such amendment to the shareholders of Parent for approval and (c) approved the issuance of shares of Class A Common Stock and Class B Common Stock as Merger Consideration (as defined in the Merger Agreement) on the terms and subject to the conditions set forth in the Merger Agreement;

WHEREAS, as of the date hereof, each Acquisition Entity is the record and Beneficial Owner of, and has the right to vote and act by written consent with respect to and dispose of, certain shares of common stock, par value $50 per share, of Company designated as Voting Common Stock (the “ Voting Company Common Stock ”);

WHEREAS, obtaining the Requisite Company Vote is a condition to the consummation of the Merger;

WHEREAS, concurrently with the execution of the Merger Agreement, (a) Company, the Acquisition Entities, the Fund Entities and Rabobank International Holding B.V. have terminated the Company Shareholders Agreement and (b) Parent, Company