Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 691

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 691
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 or agent of any other person in connection with the Transaction. As part of our investment banking business, we are continually engaged in the valuation of bank and bank holding company securities in connection with acquisitions, negotiated underwritings, secondary distributions of listed and unlisted securities, private placements and valuations for various other purposes. As specialists in the securities of banking companies, we have experience in, and knowledge of, the valuation of banking enterprises. We and our affiliates, in the ordinary course of our and their broker-dealer businesses (and further to an existing sales and trading relationship between a KBW broker-dealer affiliate and Mechanics Bank), may from time to time purchase securities from, and sell securities to, HomeStreet, Mechanics Bank and or any of their respective affiliates. In addition, as a market maker in securities, we and our affiliates may from time to time have a long or short position in, and buy or sell, debt or equity securities of HomeStreet, Mechanics Bank or any of their respective affiliates for our and their own respective accounts and for the accounts of our and their respective customers and clients. We have acted exclusively for the board of directors of HomeStreet (the “Board”) in rendering this opinion and will receive a fee from HomeStreet for our services. A portion of our fee is payable upon the rendering of this opinion, and a significant portion is contingent upon the successful completion of the Transaction. In addition, HomeStreet has agreed to indemnify us for certain liabilities arising out of our engagement.

Other than in connection with this present engagement, in the past two years, KBW has not provided investment banking or financial advisory services to HomeStreet. In the past two years, KBW has not provided investment banking

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The Board of Directors – HomeStreet, Inc.

March 28, 2025

Page 2 of 5

or financial advisory services to Mechanics Bank. We may in the future provide investment banking and financial advisory services to HomeStreet, Mechanics Bank or their respective affiliates and receive compensation for such services.

In connection with this opinion, we have reviewed, analyzed and relied upon material bearing upon the financial and operating condition of HomeStreet and Mechanics Bank and bearing upon the Transaction, including among other things, the following: (i) an execution version of the Agreement dated March 28, 2025; (ii) the audited financial statements and Annual Reports on Form 10-K for the three fiscal years ended December 31,