Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 64

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 64
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 approximately 192.8 million shares of the combined company’s common stock will become eligible for sale in the public market pursuant to such registration. If these additional shares are sold, or if it is perceived that they will be sold, in the public market, the trading price of the combined company’s common stock could decline.

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**The opinion delivered by KBW to the HomeStreet board of directors in connection with the merger agreement will not reflect any changes in circumstances that may have occurred since the date of such opinion.**

The opinion of KBW, HomeStreet’s financial advisor, to the HomeStreet board of directors, was delivered on and dated March 28, 2025. Changes in the operations and prospects of HomeStreet or Mechanics, general market and economic conditions and other factors which may be beyond the control of HomeStreet and Mechanics may have altered the value of HomeStreet or Mechanics or the prices of shares of HomeStreet common stock as of the date of this proxy statement/prospectus/consent solicitation statement or may alter such values and prices by the effective time. The opinion from KBW, dated March 28, 2025, does not speak as of the date of this proxy statement/prospectus/consent solicitation statement or as of any other date other than the date of such opinion.

**HomeStreet and Mechanics are expected to incur substantial costs related to the merger and integration, and these costs may be greater than anticipated due to unexpected events.**

HomeStreet and Mechanics have incurred and expect to incur a number of significant non-recurring costs associated with the merger. These costs include legal, financial advisory, accounting, consulting and other advisory fees, severance/employee benefit-related costs, public company filing fees and other regulatory fees, financial printing and other printing costs and other related costs. Some of these costs are shared by or payable by either HomeStreet or Mechanics regardless of whether or not the merger is completed.

In addition, the combined company will incur integration costs following the completion of the merger as HomeStreet and Mechanics integrate their businesses, including facilities and systems consolidation costs and employment-related costs. HomeStreet and Mechanics may also incur additional costs to maintain employee morale and to retain key employees. There are a large number of processes, policies, procedures, operations, technologies and systems that may need to be integrated, including purchasing, accounting and finance, payroll, compliance, treasury management, branch operations, vendor management, risk management, lines of business, pricing and