Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 40

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 40
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 of the Class A common stock (rounded to the nearest whole share) equal to (1) the total number of shares of Mechanics common stock subject to the Mechanics RSU immediately prior to the effective time multiplied by (2) the Class A exchange ratio. Each Assumed HomeStreet RSU will otherwise remain subject to the same terms and conditions (including vesting terms, performance measures, and terms with respect to dividend equivalents) as applied to the corresponding Mechanics RSU immediately prior to the effective time. Material U.S. Federal Income Tax Consequences of the Merger (page 187) The merger is intended to qualify as a “reorganization” within the meaning of Section 368(a) of the Code, and it is a condition to the HomeStreet Parties’ and Mechanics’ respective obligations to complete the merger that each of the HomeStreet Parties and Mechanics receive a legal opinion to the effect that the merger will so qualify. Accordingly, U.S. holders of Mechanics common stock generally will not recognize any gain or loss for U.S. federal income tax purposes on the exchange of Mechanics common stock for HomeStreet common stock in the merger, except for any gain or loss that may result from the receipt of cash instead of a fractional share of HomeStreet common stock. You should be aware that the tax consequences of the merger may depend upon your own situation. In addition, you may be subject to state, local or foreign tax laws that are not discussed in this proxy statement/prospectus/consent solicitation statement. You should therefore consult with your own tax advisor for a full understanding of the tax consequences to you of the merger. For more detailed information, please refer to the section entitled “ Material U.S. Federal Income Tax Consequences of the Merger.” The United States federal income tax consequences described above may not apply to all U.S. holders of Mechanics common stock. Your tax consequences will depend on your individual situation. Accordingly, we strongly urge you to consult your tax advisor for a full understanding of the particular tax consequences of the merger to you. Risk Factors (page 29) The merger, HomeStreet and Mechanics are, and the combined company will be, subject to a number of risks. You should carefully read this proxy statement/prospectus/consent solicitation statement and give special consideration to the factors discussed in the section entitled “ Risk Factors.” You should carefully consider those risks before deciding

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on the matters being considered at the HomeStreet special meeting or to be acted on in the Mechanics consent solicitation