Company: MCHB
Filing Date: 2025-04-03
Form Type: 8-K
Source: 0001518715-25-000056
Chunk: 0

Company: Mechanics Bancorp
Filing Date: 2025-04-03
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01      Entry into a Material Definitive Agreement  

Merger Agreement

On March 28, 2025, HomeStreet, Inc., a Washington corporation (“HomeStreet”), HomeStreet Bank, a Washington state-chartered commercial bank and wholly owned subsidiary of HomeStreet (“ HomeStreet Bank”), and Mechanics Bank, a California banking corporation (“ Mechanics Bank”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) providing for an all-stock business combination between HomeStreet and Mechanics Bank. On the terms and subject to the conditions set forth in the Merger Agreement, HomeStreet Bank will merge with and into Mechanics Bank (the “Merger”), with Mechanics Bank surviving the Merger and becoming a wholly-owned subsidiary of HomeStreet. Following the consummation of the Merger, HomeStreet will be renamed “ Mechanics Bancorp” and will remain a publicly traded company. The Merger Agreement is attached to this Current Report on Form 8-K as Exhibit 2.1, and incorporated by reference herein.