Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 219

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 219
---
 the combined company, given its larger size, asset base, capabilities, capital and footprint; |

137

TABLE OF CONTENTS

| • | the ability to leverage the scale and capabilities of the combined company to accelerate retail banking and lending initiatives; |

| • | the expectation of cost savings and revenue synergies resulting from the merger; |

| • | Mechanics’ and the Ford Entities’ past record of realizing projected financial goals with respect to strategic initiatives and successfully integrating and executing on such strategic initiatives, which will mitigate the execution risk of integrating Mechanics and HomeStreet and realizing the potential benefits of the merger; |

| • | the terms of the merger agreement, the exchange ratios in relation to the respective financial and growth profiles of Mechanics and HomeStreet and the fact that the exchange ratios are fixed, which the Mechanics board of directors believed was consistent with market practice for transactions of this type and with the strategic purpose of the transaction; |

| • | the provisions of the merger agreement setting forth the corporate governance of the combined company, including that, upon the closing, the combined company’s board of directors would be comprised of the legacy Mechanics directors and one legacy HomeStreet director chosen by Mechanics, which the Mechanics board of directors believed would enhance the likelihood that the strategic benefits of the merger would be realized and would enable existing Mechanics directors to effectively determine the officers of the combined company; |

| • | the execution by Mechanics and HomeStreet of a consulting agreement with Mr. Mason pursuant to which Mr. Mason will be retained as a consultant to perform certain transitional services beginning on the day following the closing of the merger, the extension of the non-competition provisions of Mr. Mason’s employment agreement, and the Mechanics board of directors’ belief that Mr. Mason’s services would enhance the likelihood that the strategic benefits of the merger would be realized; |

| • | the Mechanics board of directors’ understanding of the current and prospective environment in which Mechanics and HomeStreet operate, including national, regional and local economic conditions, the interest rate environment, the accelerating pace of technological change in the banking industry, increased operating costs resulting from regulatory and compliance mandates and other economic factors, the competitive environment for financial institutions generally, and the likely effect of these factors on Mechanics both with and without the merger; |

| • | the Mechanics board of directors’ review and discussions with Mechanics’ management and advisors concerning Mechanics’ due diligence examination of HomeStreet, including HomeStreet’s operations, financial condition, loan portfolio and legal and regulatory compliance programs and prospects; |

| • | the Mechanics board of directors