Company: MCHB
Filing Date: 2025-05-09
Form Type: 425
Source: 0001518715-25-000085
Chunk: 9

Company: Mechanics Bancorp
Filing Date: 2025-05-09
Form: 425
Chunk 9
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 and so our plan is to use the Mechanics Bank brand. That said, one of the things that's positive about this merger is we're not closing any branches, so it'll be the same. While the name on the door will change, it'll be the same friendly faces in the branch, that are greeting our customers every day. And so I think that's a positive. And then on the mortgage side of things, I know there's some sensitivity there, same comment. Mark said it well. It's the same employees, it's the same folks they will be dealing with because HomeStreet has a lot of capabilities especially on the servicing side that we don't have and we're happy to enter new markets and we want to still originate mortgage loans in all the HomeStreet markets, and so I think it's the most important thing is the people in those areas will be the same and it's just from a management standpoint, a consistency of brand. We have a lot of accounts in California. We think it's better to just go with Mechanics. Mark Mason I think it's going to be fine. I kind of like the Mechanics name. You know, HomeStreet, everyone's used to it now, but when the name change first occurred in, I believe, 2000, a lot of people have said, well what does that mean? And, when I got here and we changed the strategy of the bank to convert it from a thrift to a commercial bank, trying to get people to understand we were a commercial bank, that we were a commercial lender… HomeStreet was a little confusing. Everyone's gotten used to it but, I don't think it's going to be as challenging as people think. Thanks. I got a couple of HR questions. This is what I'm starting to get. Do we have any blackout dates for requesting time off? . C.J. Johnson No, I don't think there's any blackout dates. I think the one day that'll be very sensitive is the core conversion weekend, and so that'll be a time where we may ask. We need all hands on deck. That will likely be sometime in the Q1 26, and so a long way to go. If you want to take vacation, there should be no blackout dates. Mark Mason And I would just echo that same thing. Years of service, will that transfer over?

C.J. Johnson Yes. Mark Mason I can't think of a merger where someone didn't transfer that over. It transfers. I know