Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 150

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 150
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 states: Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, Montana, North Carolina, North Dakota, Nebraska, Nevada, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

Mechanics operates under a California state banking charter issued by the CDFPI, its primary state regulator. Mechanics is a member of the FHLB system, and maintains insurance on deposit accounts with the FDIC, which is also Mechanics’ primary federal regulator.

As of December 31, 2024, Mechanics had total assets of $16.5 billion, total loans of $9.6 billion, total deposits of $13.9 billion, and total shareholders’ equity of $2.3 billion. As of March 31, 2025, Mechanics had total assets of $16.5 billion, total loans of $9.4 billion, total deposits of $14.0 billion, and total shareholders’ equity of $2.4 billion.

#### General
Mechanics’ management’s discussion and analysis of results of operations and financial condition (“MD&A”) is intended to assist the reader in understanding and assessing significant changes and trends related to the results of operations and financial condition of Mechanics. This discussion and analysis should be read in conjunction with the consolidated financial statements and accompanying footnotes in the section entitled “ Financial Statements and Supplementary Data Index to Financial Statements .”

#### Recent Developments
On March 28, 2025, Mechanics entered into the merger agreement whereby, subject to the satisfaction or waiver, at or prior to the merger, of various conditions, HomeStreet Bank will merge with and into Mechanics, with Mechanics remaining as the surviving entity and becoming a wholly owned subsidiary of HomeStreet. It is expected that Mechanics shareholders as of immediately prior to the merger, as a group, will own approximately 91.7% of the outstanding shares of the combined company on an economic basis and 91.3% of the voting power of the combined company, and HomeStreet shareholders as of immediately prior to the merger, as a group, will own approximately 8.3% of the outstanding shares of the combined company on an economic basis and 8.7% of the voting power of the combined company. In connection with the merger, HomeStreet will be renamed “Mechanics Bancorp”. The merger is expected to close in the third quarter of