Company: MCHB
Filing Date: 2025-03-31
Form Type: 425
Source: 0001518715-25-000043
Chunk: 11

Company: Mechanics Bancorp
Filing Date: 2025-03-31
Form: 425
Chunk 11
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 retain the services of a third-party to help us navigate the complex job of planning for integration. More information on next steps, participation and planning will be shared as soon as it’s available. What does the Mechanics team mean when they say “continued prudence with mortgage and commercial real estate lending” in the related investor deck? The discussion in the investor deck is very high level and as we saw in our previous merger transaction, a business units’ operating model will shift as we work through the integration. What mortgage-related systems are used by Mechanics Bank? Both banks are similar in their systems and workflow processing. We both use Blend and Encompass. Mechanics uses SureFire, the CRM system that we are migrating to. Mechanics leadership, after their due diligence efforts, currently prefer our MSP platform. Will Mechanics Bank offer a portfolio loan product? Yes. The portfolio loan product will be available to our loan officers once the merger is complete. Further, the sizable wealth management platform of Mechanics will create opportunities for mortgage lending. I have never been involved in a merger and am not sure what to expect. What should I do? Your Human Resources (HR) department and your supervisor or management team will each have information to share at various times. You should continue to perform your job at the direction of your manager and if you have questions, simply ask. You may have a chance to develop new working relationships and to learn new skills to help grow your own skillsets along the way. Until additional information and guidance is provided, every employee should continue in a ‘business-as-usual' manner. One of the biggest challenges during a time like this is the flow of information. A Merger Resources Center page has been created on MyHomeStreet so you may easily reference merger-related communications that have already been shared. You should feel free to ask your supervisor questions to get the answers you need. During M&A transactions like this, it is possible senior leaders may not have the answers to some questions. The experiences you will have will be individual to you, yet you are not alone. We will work together and support each other. It is important during this time that you support your fellow employees. What if I have additional questions that are not covered in the Q&A? If you have personal questions about your situation, you may send an email to hr@homestreet.com. If you would like guidance on how to find important information or if you feel you need additional resources please reach out to your supervisor or HR. As a reminder, HomeStreet Bank offers all employees access to