Company: MCHB
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001518715-25-000066
Chunk: 30

Company: Mechanics Bancorp
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 30
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 allowing for collaborative environments where employees can freely discuss social issues they or others may be dealing with and ways to better extend a culture of belonging and inclusion throughout our organization.

As part of our goal of providing high-quality banking and financial services to our customers while creating a positive impact in the local communities in which we do business, we designed our total rewards program with the intention of attracting and retaining highly qualified employees. We use a mix of base salary, cash-based short-term incentive plans and defined contributions to the 401(k) plan for participating employees to incentivize

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our employees classified as exempt employees, and also provide long-term incentive compensation, preferring equity-based incentives where available, for key employees. Employee performance is considered, evaluated and discussed through regular performance check-ins between manager and direct report, while those employees eligible for short-term annual incentives also have an annual performance review. Our employees are eligible to receive company match on defined contributions to their 401(k) retirement plan. We have a variety of group benefit programs designed to provide our employees with health and wellness benefits; financial benefits in the event of planned or unplanned expenses, or losses relating to illness, disability, death; retirement benefits; and programs to deal with job-related or personal problems.

As part of our employee development program, we provide a variety of training and educational opportunities to help our employees stay current on regulatory compliance issues and develop their professional skills. We use an online learning management system to create, assign and track compliance and professional development learning programs across many topical areas such as banking, mortgage and regulatory education, technology training, public speaking and proactive communication, and development of strong customer relationship and customer service skills.

Inclusion and Belonging

HomeStreet values inclusion and belonging and is an equal opportunity employer, committed to an inclusive workplace with employees from a wide range of backgrounds and individual characteristics: including race, ethnicity, sex, gender, sexual orientation or identity, disability, religion, age, national origin, military or veteran status, marital status, religion, use of service animal, or other characteristics. Inclusivity also includes differences in backgrounds, experiences, perspectives, thoughts, interests, and ideas. As a result of our inclusive Company, we believe that our employees will have greater job satisfaction, higher levels of trust and better engagement, which in turn translates to happier and more engaged employees with a greater capacity for customer service and a deeper connection to our strategic plan, ultimately providing greater value to shareholders over the long term. HomeStreet works hard to ensure that