Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 223

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 223
---
 a financial point of view, of the consideration to be paid to holders of Mechanics common stock in the merger to HomeStreet. It did not address the underlying business decision of HomeStreet to engage in the merger or enter into the merger agreement or constitute a recommendation to the HomeStreet board in connection with the merger, and it does not constitute a recommendation to any holder of HomeStreet common stock or any shareholder of any other entity as to how to vote or act in connection with the merger or any other matter, nor does it constitute a recommendation as to whether or not any such shareholder should enter into a voting, shareholders’, affiliates’ or other agreement with respect to the merger or exercise any dissenters’ or appraisal rights that may be available to such shareholder. KBW’s opinion was reviewed and approved by KBW’s Fairness Opinion Committee in conformity with its policies and procedures established under the requirements of Rule 5150 of the Financial Industry Regulatory Authority. In connection with the opinion, KBW reviewed, analyzed and relied upon material bearing upon the financial and operating condition of HomeStreet and Mechanics and bearing upon the merger, including, among other things:

| • | certain other interim reports and other communications of HomeStreet and Mechanics to their respective shareholders; and |

| • | other financial information concerning the businesses and operations of HomeStreet and Mechanics furnished to KBW by HomeStreet and Mechanics or that KBW was otherwise directed to use for purposes of its analyses. |

140

TABLE OF CONTENTS

KBW’s consideration of financial information and other factors that it deemed appropriate under the circumstances or relevant to its analyses included, among others, the following:

| • | the historical and current financial position and results of operations of HomeStreet and Mechanics; |

| • | the assets and liabilities of HomeStreet and Mechanics; |

| • | a comparison of certain financial information for HomeStreet and Mechanics with similar information for certain other companies the securities of which are publicly traded; |

| • | financial and operating forecasts and projections of HomeStreet that were prepared by HomeStreet management, provided to and discussed with KBW by such management, and used and relied upon by KBW at the direction of such management and with the consent of the HomeStreet board; |

| • | financial and operating forecasts and projections of Mechanics that were prepared by Mechanics management, provided to and discussed with KBW by such management, and used and relied upon by KBW based on such discussions, at the direction of HomeStreet management and with the consent of the HomeStreet board; and |

| • |