Company: MCHB
Filing Date: 2025-03-31
Form Type: 425
Source: 0001518715-25-000043
Chunk: 9

Company: Mechanics Bancorp
Filing Date: 2025-03-31
Form: 425
Chunk 9
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 deep community ties.

Mechanics Bank – HomeStreet Bank, Inc./HomeStreet Bank Merger Information INTERNAL USE ONLY | Not for Public Distribution | March 31, 2025 • The strategic merger gives our clients a substantially broader, more convenient network of banking centers in California. We do not anticipate any branch closures because of the transaction. • The merger provides our customers with additional financial resources to support client needs. • Our increased scale will result in product and service enhancements that make banking even more convenient for our customers. • For employees of the combined bank, the merger will enhance opportunities for professional development and growth. When is the merger expected to be completed? The proposed merger is expected to receive shareholder and regulatory approvals and be completed in the third quarter of this year. It is important to remember that, until completion of the merger, HomeStreet Bank and Mechanics Bank will continue to operate as separate companies. What are some topline facts about Mechanics and HomeStreet? With a combined 224 years of service, Mechanics and HomeStreet have deep roots in their respective communities. Mechanics Bank • Founded 1905 • Total assets: $16.5 billion (as of December 31, 2024) • Employees: 1,500 • Headquarters: Walnut Creek, CA • Branches: 112 in California • Lines of business: Consumer banking and mortgage lending, business banking and lending, cash management services, commercial lending, private banking, and comprehensive wealth management and trust services. • www.MechanicsBank.com HomeStreet Bank • Founded 1923 • Total assets: $8.1 billion (as of December 31, 2024) • Employees: 883 • Headquarters: Seattle, WA • Branches: 56 in Washington, Oregon, California and Hawaii. • Lines of business: Consumer banking and mortgage lending, residential construction lending, business banking and lending, cash management services, commercial lending, insurance products and services. • www.HomeStreet.com

Mechanics Bank - HomeStreet, Inc./HomeStreet Bank Merger Information – INTERNAL USE ONLY INTERNAL USE ONLY | Not for Public Distribution | March 31, 2025 Will any Mechanics or HomeStreet branches close? The branch networks of Mechanics and HomeStreet complement each other extraordinarily well. With minimal market overlap, no branch closures are expected. Will the merger affect my employment? No changes are expected at this time. Given the complementary aspects of this strategic merger and the combined bank’s growth prospects, it will create new opportunities for many of our employees. In the