Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 32

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 32
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 entitled to exercise any appraisal or dissenters’ rights in connection with the merger. For more information, see the section entitled “The Merger—Appraisal or Dissenters’ Rights in Connection with the Merger.” |

| Q: | What are the material U.S. federal income tax consequences of the merger to Mechanics shareholders? |

| A: | The merger is intended to qualify as a “reorganization” within the meaning of Section 368(a) of the Code, and it is a condition to Mechanics’ and the HomeStreet Parties’ respective obligations to complete the merger that |

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each of Mechanics and the HomeStreet Parties receive a legal opinion to the effect that the merger will so qualify. Accordingly, U.S. holders of Mechanics common stock generally will not recognize any gain or loss for U.S. federal income tax purposes on the exchange of Mechanics common stock for HomeStreet common stock in the merger, except for any gain or loss that may result from the receipt of cash instead of a fractional share of HomeStreet common stock. You should be aware that the tax consequences to you of the merger may depend upon your own situation. In addition, you may be subject to state, local or foreign tax laws that are not discussed in this proxy statement/prospectus/consent solicitation statement. You should therefore consult with your own tax advisor for a full understanding of the tax consequences to you of the merger. For a more complete discussion of the material U.S. federal income tax consequences of the merger, see the section entitled “ Material U.S. Federal Income Tax Consequences of the Merger.”

| Q: | Should Mechanics shareholders send in their stock certificates now? |

| A: | No. Mechanics shareholders SHOULD NOT send in any stock certificates now. If the merger is consummated, transmittal materials, with instructions for their completion, will be provided under separate cover to Mechanics shareholders, including with respect to physical stock certificates and uncertificated shares, and the stock certificates and other applicable deliveries should be sent at that time in accordance with such instructions. |

| Q: | Are there any risks that I should consider in deciding whether to provide a written consent approving the merger proposal? |

| A: | Yes. You should read and carefully consider the risk factors set forth in the section entitled “Risk Factors.” You also should read and carefully consider the risk factors of HomeStreet contained in the documents that are incorporated by reference into this proxy statement/prospectus/consent solicitation statement. |