Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 69

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 69
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 in the merger and thereby become shareholders of the combined company will be governed by the amended and restated articles and the amended and restated bylaws. The rights associated with Mechanics common stock are different from the rights associated with the combined company common stock. See the section entitled “ Comparison of the Rights of the Combined Company Shareholders and Mechanics Shareholders” for more information. In addition, the rights of shareholders under Washington law, where the combined company will be organized, may differ from the rights of shareholders under California law, where Mechanics is organized. There are various provisions in the amended and restated articles that could impede a takeover of the combined company. Such provisions may prevent former Mechanics shareholders who receive shares of the combined company common stock in the merger from taking part in a future transaction in which such combined company shareholders could realize a premium over the then-current market price of the combined company common stock. Each HomeStreet shareholder will have a substantially reduced ownership and voting interest, and each shareholder holding Mechanics voting common stock will have a reduced ownership and voting interest, in the combined company after the consummation of the merger than the holder’s interest in HomeStreet or Mechanics individually, as applicable, prior to the consummation of the merger. HomeStreet shareholders and Mechanics shareholders (other than holders of Mechanics non-voting common stock) currently have the right to vote in the election of the board of directors and on other matters affecting HomeStreet

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and Mechanics, respectively. When the merger is completed, each HomeStreet shareholder will become a shareholder of the combined company, with a percentage ownership of the shares of common stock of the combined company that is substantially smaller than the holder’s percentage ownership of HomeStreet common stock prior to the consummation of the merger. When the merger is completed, each Mechanics shareholder will become a shareholder of the combined company, with a percentage ownership of the shares of common stock of the combined company that is smaller than the holder’s percentage ownership of Mechanics common stock prior to the consummation of the merger. Based on the number of shares of HomeStreet common stock and Mechanics common stock outstanding as of the close of business on the respective record dates, and based on the number of shares of HomeStreet common stock expected to be issued in the merger, Mechanics shareholders as of immediately prior to the merger, as a group, are estimated to own approximately 91.7% of the outstanding shares of the combined company on an economic basis and 91.3% of the voting power in the combined company