Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 273

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 273
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 party entitled to the benefit thereof (subject to applicable law) of the last of the conditions to the merger, unless mutually agreed by the parties.

It currently is anticipated that the completion of the merger will occur in the third quarter of 2025 subject to the receipt of HomeStreet shareholder approval, regulatory approvals and other customary closing conditions, but neither HomeStreet nor Mechanics can guarantee when, or if, the merger will be completed.

#### Exchange of Shares

### Exchange Procedures
As promptly as practicable after the effective time, but in no event later than ten (10) days thereafter, HomeStreet and Mechanics will cause the exchange agent to mail to each holder of record of one or more old certificates (which, for purposes of this proxy statement/prospectus/consent solicitation statement, will be deemed to include certificates or book-entry account statements) representing shares of Mechanics common stock immediately prior to the effective time and a letter of transmittal and instructions for use in effecting the surrender of such old certificates in exchange for new certificates (which, for purposes of this proxy statement/prospectus/consent solicitation statement, will be deemed to include evidence in book-entry form) representing the number of whole shares of HomeStreet common stock and any cash in lieu of fractional shares which the shares of Mechanics common stock represented by such old certificates will have been converted into the right to receive pursuant to the merger agreement, as well as any dividends or distributions to be paid as described in the section entitled “ —Dividends and Distributions ” below.

If an old certificate for Mechanics common stock has been lost, stolen or destroyed, the exchange agent will issue the merger consideration upon (i) the making of an affidavit of that fact by the claimant and (ii) if required by HomeStreet or the exchange agent, the posting by such person of a bond in such amount as HomeStreet or the exchange agent may determine is reasonably necessary as indemnity against any claim that may be made against it with respect to such old certificate.

After the effective time, there will be no further transfers on the stock transfer books of Mechanics of the shares of Mechanics common stock that were issued and outstanding immediately prior to the effective time.

#### Withholding
HomeStreet will be entitled to deduct and withhold, or cause the exchange agent to deduct and withhold, from any cash in lieu of fractional shares of HomeStreet common stock, any cash dividends or distributions payable pursuant to the merger agreement or any other consideration otherwise payable pursuant to the merger agreement to any holder of Mechanics common stock or