Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 238

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 238
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 investment banking business, KBW is continually engaged in the valuation of bank and bank holding company securities in connection with acquisitions, negotiated underwritings, secondary distributions of listed and unlisted securities, private placements and valuations for various other purposes. As specialists in the securities of banking companies, KBW has experience in, and knowledge of, the valuation of banking enterprises. KBW and its affiliates, in the ordinary course of its and their broker-dealer businesses, may from time to time purchase securities from, and sell securities to, Mechanics, HomeStreet or any of their respective affiliates. In addition, as a market maker in securities, KBW and its affiliates may from time to time have a long or short position in, and buy or sell, debt or equity securities of Mechanics or HomeStreet for its and their own respective accounts and for the accounts of its and their respective customers and clients.

Pursuant to the KBW engagement agreement, HomeStreet agreed to pay KBW a cash fee equal to the greater of (i) $10,000,000 and (ii) 1.25% of the aggregate merger consideration, $500,000 of which became payable to KBW with the rendering of KBW’s opinion on March 28, 2025 and the balance of which is contingent upon the closing of the merger. HomeStreet also agreed to reimburse KBW for reasonable out-of-pocket expenses and disbursements incurred in connection with its retention and to indemnify KBW against certain liabilities relating to or arising out of KBW’s engagement or KBW’s role in connection therewith. Other than pursuant to the KBW engagement agreement, in the two years preceding the date of its opinion, KBW did not provide investment banking and financial advisory services to HomeStreet. In the two years preceding the date of its opinion, KBW did not provide investment banking and financial advisory services to Mechanics. KBW may in the future provide investment banking and financial advisory services to HomeStreet or Mechanics and receive compensation for such services.

### Certain Unaudited Prospective Financial Information
While HomeStreet and Mechanics have from time to time provided limited financial guidance to investors, HomeStreet and Mechanics do not, as a matter of course, publicly disclose forecasts or internal projections as to their respective future performance, revenues, earnings, financial condition or other results given, among other reasons, the inherent uncertainty of the underlying assumptions and estimates.

However, in connection with the merger, HomeStreet and Mechanics are including in this proxy statement/prospectus/consent solic