Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 244

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 244
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) annual pre-tax cost savings of $82 million, or 42.8% of HomeStreet’s 2025 estimated non-interest expense of $191.5 million (excluding the 2025 estimated amortization of intangible assets), phased in 100% for the three months ended December 31, 2025 and thereafter; (ii) 3.0% annual growth in cost savings base in 2027 and thereafter; (iii) $16 million after-tax annual impact related to a reduction in HomeStreet’s mortgage servicing and gain on sale income post-closing; and (iv) certain additional pro forma assumptions (including the purchase accounting and other merger-related adjustments). Such prospective financial information assumed a hypothetical September 30, 2025 closing date for the merger. See the section above entitled “ The Merger —Certain Unaudited Prospective Financial Information” for further information regarding the uncertainties underlying the pro forma financial effects of the merger as well as the sections entitled “ Cautionary Statement Regarding Forward-Looking Statements” and “ Risk Factors” for further information regarding the uncertainties and factors associated with realizing such pro forma financial effects in connection with the merger. Interests of HomeStreet’s Directors and Executive Officers in the Merger In considering the recommendation of the HomeStreet board of directors to vote for the HomeStreet share issuance proposal, the HomeStreet articles amendment proposal, the HomeStreet merger-related compensation proposal, the HomeStreet new equity incentive plan proposal and the HomeStreet adjournment proposal, holders of HomeStreet common stock should be aware that the directors and executive officers of HomeStreet have interests in the merger that are different from, or in addition to, the interests of holders of HomeStreet common stock generally. References to the named executive officers of HomeStreet include Mark K. Mason, John M. Michel and William D. Endresen. HomeStreet’s executive officers who are not named executive officers for purposes of this disclosure are Godfrey B. Evans, Erik D. Hand, Jay C. Iseman, Paulette Lemon, Diane P. Novak, David Parr, Marlene Price and Darrell van Amen. The HomeStreet board of directors was aware of these interests and considered them, among other matters, in making its recommendation that HomeStreet shareholders vote to approve the HomeStreet share issuance proposal, the HomeStreet articles amendment proposal, the HomeStreet merger-related compensation proposal, the HomeStreet new equity incentive plan proposal and the HomeStreet adjournment proposal.

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These interests include