Company: MCHB
Filing Date: 2025-05-09
Form Type: 425
Source: 0001518715-25-000085
Chunk: 23

Company: Mechanics Bancorp
Filing Date: 2025-05-09
Form: 425
Chunk 23
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, right? We want to have great deposits. I think we're going to have even better core deposits. We're going to be a hundred percent core funded, so we don't need… We think the cost of deposits, Q4 this year, should be about 1.4 % on $18 and a half billion dollars. That's pretty good. Right? So we don't need to go do crazy lending to get a really nice margin. We could do very basic securities purchases and make a 4% NIM. We can do very low risk lending and maybe get a 6.5%, 7% yield and makeup 5% NIM. We don't need to go out, and reach for loans because we have the deposits to allow us to be very profitable without taking outsized risk. And that will not change. Mark Mason Thank you. Big expansion in your footprint, particularly in deposits. I have a question regarding compliance about… there's a big expansion private company to public company, sort of a general compliance question. You have to deal with the compliance of public company reporting and all of those things, as well as, an expanded footprint from a customer and a consumer compliance standpoint. How are you thinking about the compliance effort, what may need to be done to expand that? I think that's the general question. C.J. Johnson Our compliance team does an A plus job. They are based in Roseville. There's some folks that sit elsewhere, but the bulk of the team is Roseville, maybe a little in Irvine, maybe a little Walnut Creek, but it is a must do well division. We invest heavily in it. It gets a tremendous amount of focus from our executive management team. Kristie Shields leads our compliance efforts and she's one of the best in the business. And so we will have to grow, we'll have to add staff, because we're going to pick up a lot of new accounts through the merger and so it will certainly be an area of focus on integration. Understanding here's what HomeStreet does today, here's what we do. It'll still predominantly be based in Roseville, but we're always looking to add talent there and we will need to add headcount to support the additional volume. But I'm very proud of our compliance efforts. It's consistently very well reviewed by our regulators and they know their stuff. Mark Mason Zelle, I assume you offer Zelle. For consumers? C.J. Johnson

We do not. We don't