Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 316

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 316
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| Authorized Capital Stock; 
 Conversion                |     | The Mechanics charter authorizes Mechanics to issue 300,000 shares of common stock, par value $50 per share, of which 280,000 shares are designated as Mechanics voting common stock and 20,000 shares are designated as Mechanics non-voting common stock, and 200,000 shares of preferred stock, no par value per share. As of the date of this proxy statement/prospectus/consent solicitation statement, there were approximately 60,859 shares of Mechanics voting common stock outstanding, 3,376 shares of Mechanics non-voting common stock outstanding and no shares of preferred stock outstanding.                                                                                     
 The Mechanics non-voting common stock is convertible into Mechanics voting common stock in connection with a transfer of Mechanics non-voting common stock to a person that is not an affiliate (as defined in the Bank Holding Company Act of 1956, as amended) of such holder (i) in a widely dispersed public offering, (ii) in a private sale in which no purchaser (or group of associated purchasers) would acquire Mechanics voting common stock and/or Mechanics non-voting common stock in an amount that, after the conversion of such Mechanics non-voting common stock, represents two percent (2%) or more of a class of Mechanics’ voting securities or (iii) where such transferee |     | The amended and restated articles authorize HomeStreet to issue 1,900,000,000 shares of common stock, no par value, divided into two (2) classes of which 1,897,500,000 shares are designated as Class A common stock and 2,500,000 shares are designated Class B common stock, and 120,000 shares of preferred stock. As of the record date of the HomeStreet special meeting, there were 18,920,807.6 shares of Class A common stock outstanding (assuming the approval of the articles amendment, as the outstanding HomeStreet common stock will be designated as Class A common stock) and no shares of Class B common stock (which will be newly created pursuant to the articles amendment) or preferred stock outstanding. 
 The Class B common stock will convert into Class A common stock in connection with a transfer of Class B common stock to a person that is not an affiliate (as defined in the BHC Act, as amended) of such holder (i) in a widely dispersed public offering, (ii) in a transfer to the combined company, (iii) in a