Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 314

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 314
---
 for non-PCD loans of $28.9 million to be recorded immediately following consummation of the merger. |

| (q) | Adjustment for the estimated bargain purchase gain of net assets acquired over consideration given. |

| (r) | Adjustment to reverse HomeStreet amortization and reflect amortization of acquired identifiable intangible assets based on amortization over an estimated life; 7 years for Demand Deposits, 5 years for Money Markets and 6 years for Savings using sum of the years digits method. Adjustments for estimated one time transaction costs consisting of rebranding, vendor breakage fees, employee related items such as change-in-control and severance, attorney fees and advisory fees. |

| (s) | Adjustment to recognize the tax impact related to pro forma adjustments at 28%. |

| (t) | Adjustment to eliminate Mechanics’ average common shares outstanding during the periods presented and recognize the issuance of approximately 202 million shares of HomeStreet common stock based on Mechanics’ approximately 64 thousand shares outstanding, and 19 million shares of HomeStreet common stock and the exchange ratio of 3,301.0920 applied to shares of outstanding Mechanics voting common stock and 330.1092 to shares of outstanding Mechanics non-voting common stock. |

| (u) | Adjustment to HomeStreet's DUS mortgage servicing rights which are carried at amortized cost of $5.7 million. |

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#### TABLE OF CONTENTS

### DESCRIPTION OF CAPITAL STOCK OF THE COMBINED COMPANY
As a result of the merger, Mechanics shareholders who receive shares of HomeStreet common stock in the merger will become shareholders of the combined company. Your rights as HomeStreet shareholders (or shareholders of the combined company) will be governed by Washington law, the amended and restated articles and the amended and restated bylaws. The following description of the material terms of the capital stock of the combined company reflects the anticipated state of affairs upon consummation of the merger. The following description summarizes the material terms of the capital stock of the combined company but does not purport to be complete, and is qualified in its entirety by reference to the applicable provisions of federal law governing bank holding companies, Washington law, the amended and restated articles and the amended and restated bylaws, each as amended in connection with the merger. We urge you to read the applicable provisions of Washington law, the amended and restated articles and the amended and restated bylaws and federal law governing bank holding companies carefully and in their entirety. The amended