Company: MCHB
Filing Date: 2025-05-09
Form Type: 425
Source: 0001518715-25-000085
Chunk: 19

Company: Mechanics Bancorp
Filing Date: 2025-05-09
Form: 425
Chunk 19
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 experiences. I think for retail, our biggest focus in the last couple of years has been around education and deepening the skill sets of our retail folks, and then strengthening the relationships with our partners and that will continue to be the focus as we supplement all of C.J.’s strategies that he talked about. Mark Mason This one is on systems conversion. What systems are planned to be converted on legal day one or will all systems be changing in Q1 2026? I'll just let you answer it. C.J. Johnson Yeah, I don't think there's any systems that would convert legal Day one, right, Chris? Finance is kind of its own animal, so we'll work through that. But no, I think it's going to be

the vast majority is core systems conversion date, Q1 26. Finance has got a lot of work to do. Mark Mason Stay tuned. But that'll be worked out in integration. And it'll be thoughtful and it won't be immediate if you're scared of that. As C.J. has said, they're going to be sharing with us information on their benefits. This person wants to know when they're going to hear about it. Soon, as soon as possible. Just stay tuned. C.J. Johnson Yeah, I would certainly envision it being within a month or so, like soon. We're working on it hard, and we know it's very important and we want to just lay it out as clear as we can with all the details and then we know there'll be questions and we will be prepared to set aside time and people to answer those questions. Mark Mason Does Mechanics have a servicing portfolio? I think this question has to do with mortgage servicing and will they continue to service HomeStreet’s loans? C.J. Johnson Candidly, we do service mortgage loans, but we think we are likely to take our loans and put them onto HomeStreet’s servicing platform, the Black Knight MSP platform, because it has more capabilities than what we currently have. And so that's likely one example of a system that'll be a little more impactful for Mechanics because we're going to put our loans on HomeStreet’s core, which is this Black Knight MSP core, that's one of the best in class. So opportunity for enhancements for Mechanic’s loans and our service and capabilities. Mark Mason Will Mechanics continue to offer Fannie Mae loans. I guess this is a broader question of agency loans. C.J. Johnson That's the plan that we would like to