Company: MCHB
Filing Date: 2025-03-31
Form Type: 425
Source: 0001518715-25-000043
Chunk: 2

Company: Mechanics Bancorp
Filing Date: 2025-03-31
Form: 425
Chunk 2
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Mechanics Bank - HomeStreet, Inc./HomeStreet Bank Merger Information – INTERNAL USE ONLY INTERNAL USE ONLY | Not for Public Distribution | March 31, 2025 Will any Mechanics or HomeStreet branches close? The branch networks of Mechanics and HomeStreet complement each other extraordinarily well. With minimal market overlap, no branch closures are expected. Will the merger affect my employment? No changes are expected at this time. Given the complementary aspects of this strategic merger and the combined bank’s growth prospects, it will create new opportunities for many of our employees. In the coming months, integration teams will evaluate the organizational structure of both organizations and lay out a plan for the combined bank. Meanwhile, management understands there will be concerns about job security and continuity and are committed to updating employees on any developments. In the months ahead, we recommend our employees continue to focus on providing our customers with superior service and to recognize that change often brings opportunities. HomeStreet is committed to transparency and to keeping our employees and our clients informed as we move through this process. What will happen to the HomeStreet Bank brand? HomeStreet Bank will become Mechanics Bank. The brand attributes of Mechanics Bank are very similar to ours, which will ease the transition for our customers, employees, and communities. Mechanics is known for their relationship-based banking approach, their unwavering support for the communities where they live and work, and for their 120-year history. Who will lead the combined company? • Carl B. Webb, Chairman of the Board of Directors of Mechanics Bank. • C.J. Johnson, President and CEO of Mechanics Bank will continue as President and CEO. • Mark Mason, our current Board Chairman, CEO and President, will be serving as a consultant to Mechanics Bank following the merger. • The current officers of Mechanics Bank will be the officers of the combined company. How will this affect our clients? If my clients ask me a question about the merger, how should I respond? We ask that all our employees work to deliver a consistent message to customers, so they read and hear a unified message. As we update talking points and as integration planning evolves, communications we release to employees and customers will be posted on MyHomeStreet for your reference. Please do not share or distribute our employee Q&As or FAQs as these are for internal employee use only. You may also direct customers to the press release announcement and the investor deck located on ir.homestreet.com should they request additional information. As we move through the shareholder and regulatory approvals and the integration process, HomeStreet clients