Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 689

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 689
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 assets and liabilities of HomeStreet and Mechanics Bank; (iii) a comparison of certain financial information for HomeStreet and Mechanics Bank with similar information for certain other companies the securities of which are publicly traded; (iv) financial and operating forecasts and projections of HomeStreet that were prepared by HomeStreet management, provided to and discussed with us by such management, and used and relied upon by us at the direction of such management and with the consent of the Board; (v) financial and operating forecasts and projections of Mechanics Bank that were prepared by Mechanics Bank management, provided to and discussed with us by such management, and used and relied upon by us based on such discussions, at the direction of HomeStreet management and with the consent of the Board; and (vi) estimates regarding certain pro forma financial effects of the Transaction on HomeStreet and Mechanics Bank (including, without limitation, the cost savings expected to result or be derived from the Transaction) that were prepared by Mechanics Bank management, provided to and discussed with us by such management and used and relied upon by us based on such discussions, at the direction of HomeStreet management and with the consent of the Board. We have also performed such other studies and analyses as we considered appropriate and have taken into account our assessment of general economic, market and financial conditions and our experience in other transactions, as well as our experience in securities valuation and knowledge of the banking industry generally. We have also participated in discussions held by the managements of HomeStreet and Mechanics Bank regarding the past and current business operations, regulatory relations, financial condition and future prospects of their respective companies and such other matters as we have deemed relevant to our inquiry. In addition, we have considered the results of the efforts undertaken by HomeStreet, with our assistance, to solicit indications of interest from third parties regarding a potential transaction with HomeStreet.

In conducting our review and arriving at our opinion, we have relied upon and assumed the accuracy and completeness of all of the financial and other information that was provided to or discussed with us or that was publicly available and we have not independently verified the accuracy or completeness of any such information or assumed any responsibility or liability for such verification, accuracy or completeness. We have relied upon the management of HomeStreet as to the reasonableness and achievability of the financial and operating forecasts and projections of HomeStreet referred to above (and the assumptions and bases therefor), and we have assumed that such forecasts and projections represent the best currently available estimates and judgments of such management and that such forecasts and projections will be realized in the amounts and