Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 266

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 266
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 Deposit Insurance Corporation
The merger is subject to the prior approval of the FDIC under Section 18(c) of the Federal Deposit Insurance Act (the “Bank Merger Act”). In evaluating an application filed under the Bank Merger Act, the FDIC generally considers: (1) the competitive impact of the transaction, (2) the financial and managerial resources of the depository institutions party to the bank merger and the future prospects of the resulting institution, (3) the depository institutions’ effectiveness in combating money-laundering activities, (4) the convenience and needs of the communities to be served, and (5) the extent to which merger would result in greater or more concentrated risks to the stability of the United States banking or financial system. The FDIC also reviews the performance records of the relevant depository institutions under the CRA, including their CRA ratings, and certain additional factors under the Riegle-Neal Act, including the capital position of the acquiring bank holding company or bank, as the case may be, relevant state laws regarding the minimum age of the bank to be acquired, the concentration of deposits on a nationwide and statewide basis, and compliance with any applicable state community reinvestment and antitrust laws.

The initial submission of the applications to the FDIC occurred on April 25, 2025.

### California Department of Financial Protection and Innovation
The merger is subject to the prior approval of the CDFPI pursuant to section 4880 et seq. of the California Financial Code (the “CFC”). In evaluating an application filed pursuant to section 4880 et seq. of the CFC, the CDFPI generally considers: (1) the competitive impact of the proposed merger, (2) the financial and managerial resources of the surviving depository institution and the future prospects of the surviving depository institution, and (3) the fairness of the terms of the proposed merger, which may be determined by existence of an arms’-length agreement between the disappearing depository institution and the surviving depository institution.

The initial submission of the application to the CDFPI occurred on April 25, 2025.

### Washington Department of Financial Institutions
A joint holding company application is required under Washington Administrative Code Sections 208-548-010 and 208-548-020. Mechanics is also required to file a notice to the Washington Department of Financial Institutions pursuant to section 30A.49.125 of the Revised Code of Washington, indicating that Mechanics filed an application with the FDIC to acquire HomeStreet Bank by