Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 116

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 116
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 the transaction would constitute a “change of control” under the Nasdaq Listing Rules or NYSE Listed Company Manual. In this proposal, HomeStreet is asking HomeStreet shareholders to authorize the issuance of HomeStreet common stock in connection with the merger.

#### Vote Required for Approval
The approval of the HomeStreet share issuance proposal is a condition to the completion of the merger. If the HomeStreet share issuance proposal is not approved, the merger will not occur.

If a quorum is present at the HomeStreet special meeting, approval of the HomeStreet share issuance proposal requires that the number of votes cast at the HomeStreet special meeting favoring the HomeStreet share issuance proposal exceeds the number of votes cast opposing the HomeStreet share issuance proposal. If you are present at the HomeStreet special meeting and abstain from voting, or respond by proxy with an “ABSTAIN,” it will have no effect on such proposal. Assuming a quorum is present, if you are not present at the HomeStreet special meeting, do not respond by proxy and do not provide your bank, broker, trustee or other nominee with instructions, as applicable, it will have no effect on such proposal.

**Recommendation of the HomeStreet Board of Directors**

**THE HOMESTREET BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE HOMESTREET SHARE ISSUANCE PROPOSAL.**

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PROPOSAL 3: HOMESTREET NEW EQUITY INCENTIVE PLAN PROPOSAL Why HomeStreet is Requesting Shareholder Approval of the Mechanics Bancorp 2025 Equity Incentive Plan In May 2014, our shareholders approved the company’s 2014 Equity Incentive Plan (the “Prior Plan”) that provided for the grant of equity and equity-based awards to our executive officers, other key employees and directors. In March 2024, this plan expired; therefore, we are no longer granting shares from this plan, or any other plan. The merger agreement provides that HomeStreet will take all such actions as may be necessary or advisable to adopt and implement an equity compensation plan, to be effective as of no later than the closing of the merger (the date of the closing assuming shareholder approval, the “Effective Date”), on such market-appropriate terms and in such form as shall be determined in good faith jointly by HomeStreet and Mechanics for the anticipated post-closing surviving entity. Mechanics has determined that the Mechanics Bancorp