Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 68

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 68
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 the authorization of the listing of the shares of HomeStreet that are issuable pursuant to the merger agreement on the Nasdaq or NYSE, subject to official notice of issuance.

Each party’s obligation to complete the merger is also subject to certain additional conditions, including (a) subject to certain materiality thresholds, the accuracy of the representations and warranties of Mechanics, in the case of HomeStreet and HomeStreet Bank, and of HomeStreet and HomeStreet Bank, in the case of Mechanics, (b) performance in all material respects by Mechanics, in the case of HomeStreet and HomeStreet Bank, and by HomeStreet and HomeStreet Bank, in the case of Mechanics, of its or their respective obligations under the merger agreement and (c) receipt by each party of an opinion from its counsel (or another nationally recognized law firm) to the effect that the merger will qualify as a reorganization within the meaning of Section 368(a) of the Code.

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These conditions to the closing of the merger may not be fulfilled in a timely manner or at all, and, accordingly, the merger may not be completed. In addition, the parties can mutually decide to terminate the merger agreement at any time, before or after receipt of the requisite HomeStreet shareholder approval and the requisite Mechanics shareholder approval. Failure to complete the merger could negatively impact HomeStreet and/or Mechanics. If the merger is not completed for any reason, including as a result of HomeStreet shareholders’ failure to approve the HomeStreet articles amendment proposal or the HomeStreet share issuance proposal or Mechanics shareholders’ failure to approve the Mechanics merger proposal by written consent, there may be various adverse consequences and HomeStreet and/or Mechanics may experience negative reactions from the financial markets and from their respective customers and employees. For example, HomeStreet’s or Mechanics’ respective businesses may be adversely impacted by the failure to pursue other beneficial opportunities due to the focus of management on the merger, without realizing any of the anticipated benefits of completing the merger. Additionally, if the merger agreement is terminated, the market price of HomeStreet common stock could decline, including to the extent that current market prices reflect a market presumption that the merger will be completed. HomeStreet and/or Mechanics could also be subject to litigation related to any failure to complete the merger, including litigation seeking to force HomeStreet and/or Mechanics to perform their respective obligations under the merger agreement. If the merger agreement is terminated under certain circumstances, including certain circumstances involving alternative acquisition proposals and changes in the recommendation of the