Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 69

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 69
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The merger agreement is subject to a number of conditions that must be fulfilled in order to complete the merger.

The completion of the merger is subject to the satisfaction or waiver of certain closing conditions, including (a) the approval of the HomeStreet share issuance proposal and the HomeStreet articles amendment proposal by the requisite vote of the HomeStreet shareholders and approval of the Mechanics merger proposal by the requisite vote of the Mechanics shareholders, (b) the receipt of the requisite regulatory approvals, including from the Federal Reserve Board, the FDIC, the CDFPI and the WDFI, (c) in the case of Mechanics’ obligation to complete the merger, no such regulatory approval having resulted in a material burdensome condition, (d) the effectiveness of this registration statement on Form S-4 to be filed with the SEC by HomeStreet in connection with the transactions contemplated by the merger agreement, (e) the absence of any order, injunction, decree or other legal restraint preventing the completion of the transactions contemplated by the merger agreement or any law making the completion thereof illegal and (f) in the case of Mechanics’ obligation to complete the merger, the authorization of the listing of the shares of HomeStreet that are issuable pursuant to the merger agreement on the Nasdaq or NYSE, subject to official notice of issuance.

Each party’s obligation to complete the merger is also subject to certain additional conditions, including (a) subject to certain materiality thresholds, the accuracy of the representations and warranties of Mechanics, in the case of HomeStreet and HomeStreet Bank, and of HomeStreet and HomeStreet Bank, in the case of Mechanics, (b) performance in all material respects by Mechanics, in the case of HomeStreet and HomeStreet Bank, and by HomeStreet and HomeStreet Bank, in the case of Mechanics, of its or their respective obligations under the merger agreement and (c) receipt by each party of an opinion from its counsel (or another nationally recognized law firm) to the effect that the merger will qualify as a reorganization within the meaning of Section 368(a) of the Code.

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These conditions to the closing of the merger may not be fulfilled in a timely manner or at all, and, accordingly, the merger may not be completed. In addition, the parties can mutually decide to terminate the merger agreement at any time, before or after receipt of the requisite HomeStreet shareholder approval and the requisite Mechanics shareholder approval. Failure to complete the merger could negatively impact HomeStreet