Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 201

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 201
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, we incorporate important business and financial information about HomeStreet into this document by reference. You may obtain the information incorporated by reference into this document without charge by following the instructions in the section entitled “Where You Can Find More Information.”

#### Terms of the Merger
Each of HomeStreet’s and Mechanics’ respective board of directors has unanimously approved the merger agreement and the transactions contemplated thereby, including the merger. The merger agreement provides that, pursuant to the terms and subject to the conditions set forth in the merger agreement, HomeStreet Bank will merge with and into Mechanics, with Mechanics surviving and becoming a wholly owned subsidiary of HomeStreet. In connection with the merger, HomeStreet will be renamed “Mechanics Bancorp”. Following the consummation of the merger, HomeStreet will remain a publicly traded company.

If, prior to the effective time, the outstanding shares of HomeStreet common stock or Mechanics common stock are changed into a different number or class of shares, including by reason of any reclassification, recapitalization, stock split or combination, exchange or readjustment of shares or similar transaction, or stock dividend with a record date before the effective time, excluding any change resulting from vesting or exercise of any Mechanics RSUs and HomeStreet Equity Awards outstanding as of the date on which the merger agreement is entered into, the exchange ratios and any other amounts payable pursuant to the merger agreement will be appropriately adjusted to provide HomeStreet and Mechanics shareholders, as well as holders of Mechanics RSUs and HomeStreet Equity Awards, the same economic effect as contemplated by the merger agreement prior to such event.

Subject to the terms and conditions of the merger agreement, at the effective time of the merger, each share of Mechanics voting common stock issued and outstanding immediately prior to the effective time, subject to certain exceptions set forth in the merger agreement, will be converted into the right to receive 3,301.0920 shares of the Class A common stock and each share of Mechanics non-voting common stock issued and outstanding immediately prior to the effective time will be converted into the right to receive 330.1092 shares of the Class B common stock. The terms of the Class A common stock and Class B common stock will be established pursuant to the articles amendment. Mechanics shareholders who would otherwise be entitled to a fraction of a share of combined company common stock in the merger will instead receive, in lieu of the fraction of a share, an amount in cash (rounded to the nearest cent) (and, in the case of rounding in respect of Class B common stock,