Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 268

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 268
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 satisfied certain other closing conditions. Subject to the satisfaction of the conditions to the merger, the merger is expected to close in the third quarter of 2025.

#### Accounting Treatment of the Merger
HomeStreet and Mechanics prepare their respective financial statements in accordance with Generally Accepted Accounting Principles (“GAAP”). The merger will be accounted for as a reverse acquisition of HomeStreet by Mechanics under the acquisition method of accounting, and Mechanics will be treated as the acquirer for accounting purposes.

**Appraisal or Dissenters’ Rights in Connection with the Merger**

Under Section 23B.13.020 of the WBCA, a shareholder is entitled to dissent from, and obtain payment of the fair value of the shareholder’s shares only in the event of certain corporate acts, including: certain mergers which require shareholder approval and which the shareholder is entitled to vote on; certain share exchanges which the shareholder is entitled to vote on; certain sales or exchanges of all, or substantially all, of the corporation’s property which the shareholder is entitled to vote on; certain amendments to the articles of incorporation effecting a redemption or cancellation of the shareholders shares; and any corporate action taken pursuant to a shareholder vote to the extent the bylaws or articles of incorporation provide that the shareholders are entitled to dissent and obtain payment for their shares.

Under the WBCA, HomeStreet shareholders will not be entitled to dissenters’ rights in connection with the merger or other matters to be voted on at the HomeStreet special meeting because HomeStreet shareholders are not required to approve the merger within the meaning of Section 23B.11.040 of the WBCA, and the HomeStreet articles amendment will not effect a redemption or cancellation of any HomeStreet shareholders’ shares. Accordingly, no dissenters’ rights are available to HomeStreet shareholders in connection with the merger or other matters to be voted on at the HomeStreet special meeting.

Under California law, which governs Mechanics shareholders’ dissenters’ rights, Mechanics shareholders will not be entitled to exercise any appraisal or dissenters’ rights in connection with the merger.

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#### TABLE OF CONTENTS

### THE MERGER AGREEMENT
This section of the proxy statement/prospectus/consent solicitation statement describes the material terms of the merger agreement. The description in this section and elsewhere in this proxy statement/prospectus/consent solicitation statement is subject to, and qualified in its entirety by reference to, the complete text of the merger agreement, which is attached as

#### Annex