Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 51

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 51
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); |

| • | by either the HomeStreet Parties or Mechanics if the requisite HomeStreet shareholder approval has not been obtained at the HomeStreet special meeting or at any adjournment or postponement thereof at which a vote on the HomeStreet share issuance proposal and HomeStreet articles amendment proposal is taken; |

| • | by the HomeStreet Parties if Mechanics failed to deliver to HomeStreet duly executed counterparts of the key shareholder voting agreements within 24 hours following the date of the merger agreement (this termination right is no longer applicable because such key shareholder voting agreements were delivered within 24 hours of the date of the merger agreement); and |

| • | by Mechanics prior to such time as the requisite HomeStreet shareholder approval is obtained, if (i) HomeStreet or the HomeStreet board of directors has made a recommendation change or (ii) HomeStreet or the HomeStreet board of directors has breached certain covenants related to stockholder approvals or acquisition proposals in any material respect. |

Termination Fee (page 183) If the merger agreement is terminated in certain circumstances, including certain circumstances involving alternative acquisition proposals and changes in the recommendation of the HomeStreet board of directors, HomeStreet will be required to pay Mechanics a termination fee equal to $10 million in cash. For more information, see the section entitled “ The Merger Agreement—Effect of Termination; Termination Fee.”

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#### TABLE OF CONTENTS

#### Key Shareholder Voting Agreements (page186)
Shortly after the execution of the merger agreement, HomeStreet entered into the Ford Entities voting agreement and the Rabobank voting agreement (collectively, the “key shareholder voting agreements”).

The key shareholder voting agreements provide, among other things, that each key shareholder will, following the effectiveness of the registration statement of which this proxy statement/prospectus/consent solicitation statement forms a part, promptly (and in any event within five (5) business days) execute and deliver (or cause to be executed and delivered) to Mechanics a written consent approving the merger agreement and the transactions contemplated by the merger agreement, with respect to all of such key shareholder’s shares of Mechanics capital stock entitled to act by written consent thereto.

As of the date of the key shareholder voting agreements, the key shareholders collectively owned, of record or beneficially, a majority of the voting power of the outstanding shares of Mechanics voting common stock. As of the date of this proxy statement/prospectus/consent solicitation statement, the key shareholders collectively owned approximately 90.4% of the