Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 527

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 527
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 Parent Bank ”), and Mechanics Bank (“ Company ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), pursuant to which, among other things, Parent Bank will merge with and into Company (the “ Merger ”), so that Company is the surviving entity in the Merger, upon the terms and subject to the conditions set forth in the Merger Agreement;

WHEREAS in connection with the transactions contemplated by the Merger Agreement, the Board of Directors of Parent has (a) approved the amendment of Parent’s articles of incorporation in the form attached as Exhibit B to the Merger Agreement and as Exhibit A to this Agreement (the “ Articles Amendment ”), which, among other things, authorizes Parent to issue Class A Common Stock and Class B Common Stock (in each case as defined in the Articles Amendment), (b) resolved to submit such amendment to the shareholders of Parent for approval and (c) approved the issuance of shares of Class A Common Stock and Class B Common Stock as Merger Consideration (as defined in the Merger Agreement) on the terms and subject to the conditions set forth in the Merger Agreement;

WHEREAS, as of the date hereof, the Shareholder is the record and Beneficial Owner of, and has the right to vote and act by written consent with respect to and dispose of, certain shares of common stock, par value $50 per share, of Company (the “ Company Common Stock ”);

WHEREAS, obtaining the Requisite Company Vote is a condition to the consummation of the Merger;

WHEREAS, the Merger Agreement contemplates that Ford Financial Fund II, L.P., Ford Financial Fund III, L.P., EB Acquisition Company LLC and EB Acquisition Company II LLC (collectively, the “ Ford Entities ”) deliver the Ford Support Agreement (as defined below) in substantially the form attached as Exhibit A to the Merger Agreement, as soon as practicable, and in no event later than twenty-four (24) hours, following the execution of the Merger Agreement;

WHEREAS, concurrently with the execution of the Merger Agreement, (a) Company, the Ford Entities and the Shareholder have terminated the Company Shareholders Agreement and (b) Parent, Company, the Ford Entities and the Shareholder have entered into the Registration Rights Agreement (as defined below);

WHEREAS, the Shareholder understands that Parent and Parent Bank are being induced to enter into the Merger Agreement by, and Parent’s and Parent Bank’s willingness to enter into the Mer