Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 215

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 215
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| • | the HomeStreet board of directors’ understanding of 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; |

| • | the pro forma expectation of the combined company delivering strong capital metrics as of the effective time; |

| • | its review with HomeStreet’s outside legal advisor, Sullivan & Cromwell LLP, of the terms of the merger agreement and the related transaction documents, including the representations and warranties, covenants, deal protection and termination provisions, tax treatment, closing conditions and post-closing governance arrangements. |

The HomeStreet board of directors also considered potential risks related to the merger. The HomeStreet board of directors concluded that the anticipated benefits of combining with Mechanics were likely to outweigh these risks. These potential risks include:

| • | the possibility that the anticipated benefits of the merger and the transactions contemplated by the merger agreement will not be realized when expected or at all, including as a result of the impact of, or difficulties arising from, the integration of the two companies or as a result of general market conditions and competitive factors in the areas where HomeStreet and Mechanics operate businesses; |

| • | the regulatory and other approvals required in connection with the merger and the risk that such regulatory approvals may not be received in a timely manner or at all or may impose material burdensome conditions that would lead to the termination or abandonment of the merger agreement; |

| • | the risk that the merger may not be completed despite the efforts of HomeStreet and Mechanics or that completion of the merger may be unduly delayed, including as a result of factors outside either party’s control; |

| • | the costs to be incurred in connection with the merger and the integration of Mechanics’ business into HomeStreet’s, and the possibility that the transaction and the integration may be more expensive to complete than anticipated, including as a result of unexpected factors or events; |

| • | the possibility of encountering difficulties in achieving anticipated cost savings and synergies in the amounts currently estimated or within the time frame currently contemplated; |

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| • | the possibility of encountering difficulties in successfully integrating the businesses, operations and workforces of HomeStreet and Mechanics; |

| • | the fact that the merger agreement places restrictions on the conduct of HomeStreet’s business prior to the completion of the merger, which could potentially delay or prevent HomeStreet from undertaking business opportunities that might arise or certain other actions it might otherwise take with respect to its operations absent