Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 283

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 283
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, on an annual basis, an amount in excess of 300% of the current annual premium paid as of the date of the merger agreement by HomeStreet or Mechanics, as the case may be, for such insurance.

#### Certain Additional Covenants
The merger agreement also contains additional covenants, including, among others, covenants relating to (i) the filing of this proxy statement/prospectus/consent solicitation statement, (ii) obtaining consents, (iii) the listing of the shares of HomeStreet common stock on the Nasdaq or NYSE, and potential delisting of HomeStreet common stock from Nasdaq, (iv) access to information of the HomeStreet Parties or Mechanics, as applicable, (v) advice of changes, (vi) exemption from takeover restrictions, (vii) shareholder litigation relating to the transactions contemplated by the merger agreement, (viii) public announcements with respect to the transactions contemplated by the merger agreement, (ix) amending the HomeStreet articles of incorporation and bylaws and (x) exemption of dispositions and acquisitions of HomeStreet common stock in the merger under Rule 16b-3.

### Combined Company Governance

#### Corporate Governance
At the effective time of the merger, in accordance with the HomeStreet bylaws and organizational documents, HomeStreet will take all actions necessary or appropriate to appoint to its board of directors the directors of Mechanics as of immediately prior to the effective time, as well as one member of the board of directors of HomeStreet as of immediately prior to the effective time, as selected by Mechanics. The amended and restated articles, as amended and restated in accordance with the merger agreement and pursuant to the articles amendment, will provide that the name of HomeStreet will be “Mechanics Bancorp.”

The directors and officers of Mechanics immediately prior to the effective time will become the directors and officers of the surviving bank immediately following the effective time. The legal name of the surviving bank will be “Mechanics Bank.”

**Written Consent of Mechanics Shareholders, HomeStreet Special Meeting and Recommendation of HomeStreet’s Board of Directors**

Shortly after the execution of the merger agreement, HomeStreet obtained executed voting agreements that require certain of Mechanics’ key shareholders to deliver written consents approving the merger proposal, with such written consents to be executed after the registration statement of which this proxy statement/prospectus/consent solicitation statement forms a part is declared effective under the Securities Act by the SEC. The key shareholder voting agreements are described in the section entitled