Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 57

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 57
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 transactions contemplated thereby, including the merger, and ownership of HomeStreet common stock are discussed below. In addition, HomeStreet has discussed certain other material risks connected with the ownership of HomeStreet common stock and with HomeStreet’s business under the caption “Risk Factors” appearing in HomeStreet’s Annual Report on Form 10-K most recently filed with the SEC, and may include additional or updated disclosures of such material risks in its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that HomeStreet has filed with the SEC or may file with the SEC after the date of this proxy statement/prospectus/consent solicitation statement.

Mechanics shareholders and HomeStreet shareholders should carefully read and consider all of these risks and all other information contained in this proxy statement/prospectus/consent solicitation statement, including the discussions of risk factors included in the documents incorporated by reference in this proxy statement/prospectus/consent solicitation statement. HomeStreet shareholders and Mechanics shareholders should consider such risk factors in deciding whether to vote to approve the various proposals for which they may be entitled to vote at the HomeStreet special meeting or to be acted on in the Mechanics consent solicitation . The risks described in this proxy statement/prospectus/consent solicitation statement and in those documents incorporated by reference may adversely affect the value of HomeStreet common stock that you, as an existing HomeStreet shareholder, currently hold and may continue to hold after the consummation of the merger, or that you, as an existing Mechanics shareholder, will hold upon consummation of the merger, and could result in a significant decline in the value of HomeStreet common stock and cause HomeStreet shareholders and/or Mechanics shareholders to lose all or part of the value of their respective investments in HomeStreet common stock.

**Risks Relating to the Merger and the Combined Company Following the Merger

Because the market price of HomeStreet common stock may fluctuate prior to the effective time, shareholders cannot be certain of the market value of the merger consideration to be received by Mechanics shareholders.**

Upon the terms and subject to the conditions set forth in the merger agreement, at the effective time of the merger, each share of Mechanics voting common stock issued and outstanding immediately prior to the effective time, subject to certain exceptions, will be converted into the right to receive 3,301.0920 shares of Class A common stock. Further, upon the terms and subject to the conditions set forth in the merger agreement, at the effective time, each share of Mechanics non