Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 214

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 214
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 Mechanics or HomeStreet employees during the pendency of the merger and thereafter; |

| • | the fixed exchange ratio component of the merger consideration, which will not adjust to compensate for potential declines in the stock price of HomeStreet prior to completion of the merger; |

| • | certain anticipated merger-related costs, which could also be higher than expected, and the fact that Mechanics expects to incur a number of non-recurring costs in connection with the merger even if the merger is not ultimately completed; |

| • | the possible diversion of management attention and resources from the operation of Mechanics’ business or other strategic opportunities towards the completion of the merger; |

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

| • | the regulatory and other approvals required in connection with the merger, consideration of the relevant factors assessed by the regulators for the approvals and the parties’ evaluation of those factors and the risk that such regulatory approvals may not be received in a timely manner or at all or may impose unacceptable conditions; |

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

| • | the potential for legal claims challenging the merger; and |

| • | the other risks described under the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements.” |

The foregoing discussion of the information and factors considered by the Mechanics board of directors is not intended to be exhaustive, but includes the material factors considered by the Mechanics board of directors. In reaching its decision to approve the merger agreement and the transactions contemplated thereby, including the merger, the Mechanics board of directors did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The Mechanics board of directors considered all these factors as a whole, including through its discussions with Mechanics’ management and financial and legal advisors, in evaluating the merger agreement and the transactions contemplated thereby, including the merger. The Mechanics board of directors realized that there can be no assurance about future results, including results expected or considered in the factors listed above, such as assumptions regarding anticipated cost savings or synergies. The Mechanics board of directors