Company: MCHB
Filing Date: 2025-03-31
Form Type: 425
Source: 0001518715-25-000041
Chunk: 1

Company: Mechanics Bancorp
Filing Date: 2025-03-31
Form: 425
Chunk 1
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 locations across the West Coast and Hawaii. Today, Mechanics Bank has one of the best deposit bases in the country. HomeStreet offers Mechanics the depth and density of our business in the Pacific Northwest and Hawaii along with additional markets in Southern California, providing Mechanics with a stronger West Coast presence. Additional benefits include: • The merger will bring together two highly respected and trusted West Coast banks with common strategies and values. Pillars in their respective markets for well over a century, Mechanics and HomeStreet are admired for their genuine, client-first cultures, strong retail franchises, and deep community ties. • The strategic merger gives our clients a substantially broader, more convenient network of banking centers in California. We do not anticipate any branch closures because of the transaction.

Mechanics Bank – HomeStreet Bank, Inc./HomeStreet Bank Merger Information INTERNAL USE ONLY | Not for Public Distribution | March 31, 2025 • The merger provides our customers with additional financial resources to support client needs. • Our increased scale will result in product and service enhancements that make banking even more convenient for our customers. • For employees of the combined bank, the merger will enhance opportunities for professional development and growth. When is the merger expected to be completed? The proposed merger is expected to receive shareholder and regulatory approvals and be completed in the third quarter of this year. It is important to remember that, until completion of the merger, HomeStreet Bank and Mechanics Bank will continue to operate as separate companies. What are some topline facts about Mechanics and HomeStreet? With a combined 224 years of service, Mechanics and HomeStreet have deep roots in their respective communities. Mechanics Bank • Founded 1905 • Total assets: $16.5 billion (as of December 31, 2024) • Employees: 1,500 • Headquarters: Walnut Creek, CA • Branches: 112 in California • Lines of business: Consumer banking and mortgage lending, business banking and lending, cash management services, commercial lending, private banking, and comprehensive wealth management and trust services. • www.MechanicsBank.com HomeStreet Bank • Founded 1923 • Total assets: $8.1 billion (as of December 31, 2024) • Employees: 883 • Headquarters: Seattle, WA • Branches: 56 in Washington, Oregon, California and Hawaii. • Lines of business: Consumer banking and mortgage lending, residential construction lending, business banking and lending, cash management services, commercial lending, insurance products and services. • www.HomeStreet.com

Mechan