Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 307

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 307
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 number of factors as of the date of this proxy statement/prospectus/consent solicitation statement, including the relative size of HomeStreet and Mechanics prior to the consummation of the merger and the relative voting rights of all equity instruments in the combined company. No single factor was the sole determinant in the overall conclusion that Mechanics is the acquirer for accounting purposes; rather all factors were considered in arriving at such conclusion. See the section entitled “ The Merger—Accounting Treatment of the Merger.” Under the acquisition method of accounting, the assets and liabilities of HomeStreet, as the accounting acquiree, will be recorded at their respective fair values as of the date the merger is completed. The unaudited pro forma adjustments, including the allocations of the purchase price, are preliminary and have been made solely for the purpose of providing unaudited pro forma combined condensed consolidated financial information with materially relevant estimated adjustments. Certain reclassifications have been made to the historical financial statements of HomeStreet to conform to the presentation in Mechanics’ financial statements. Accordingly, the unaudited pro forma combined condensed consolidated financial information is presented for illustrative purposes only and is not necessarily indicative of the results that might have occurred had the merger taken place on March 31, 2025, for balance sheet purposes and on January 1, 2024, for income statement purposes, and is not intended to be a projection of future results. Historical results for any prior period are not necessarily indicative of results to be expected in any future period, and historical results for the three months ended March 31, 2025 and the year ended December 31, 2024, are not necessarily indicative of results to be expected for 2025 or that may be achieved in the future. A final determination of the acquisition consideration and fair values of HomeStreet’s assets and liabilities, which cannot be made prior to the completion of the merger, will be based on the actual net tangible and intangible assets of HomeStreet that exist as of the date of completion of the merger. Consequently, amounts preliminarily allocated to the bargain purchase gain and identifiable intangibles could change significantly from those allocations used in the unaudited pro forma combined condensed consolidated financial information presented below and could result in a material change in amortization of acquired intangible assets. The unaudited pro forma combined condensed consolidated financial information includes nonrecurring estimated after-tax merger costs, including system conversion costs, advisement fees and employee related costs such as severance and change in control payments. These estimates