Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 17

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 17
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 combined company on an economic basis and 8.7% of the voting power of the combined company.

| Q: | Will the value of the merger consideration change between the date of this proxy statement/prospectus/consent solicitation statement and the time the merger is completed? |

| A: | Yes. Although the exchange ratios are fixed (subject to adjustment for certain extraordinary transactions), the value of the merger consideration will fluctuate between the date of this proxy statement/prospectus/consent solicitation statement and the effective time based upon the market value for HomeStreet common stock. Any fluctuation in the market price of HomeStreet common stock after the date of this proxy statement/prospectus/consent solicitation statement will change the implied value of the shares of HomeStreet common stock that Mechanics shareholders will receive in the merger and the implied value of the HomeStreet common stock that the HomeStreet shareholders will continue to own. Neither HomeStreet nor Mechanics is permitted to terminate the merger agreement as a result of any increase or decrease in the market price of HomeStreet common stock or Mechanics common stock in and of itself. |

| Q: | How will the merger affect Mechanics equity awards? |

| A: | At the effective time, each outstanding incentive unit award or restricted stock unit award granted under the Mechanics 2017 Incentive Unit Plan or the Mechanics 2022 Omnibus Incentive Plan in respect of shares of Mechanics common stock (a “Mechanics RSU”) will automatically be converted into a restricted stock unit award (an “Assumed HomeStreet RSU”) in respect of the number of shares of the Class A common stock (rounded to the nearest whole share) equal to (1) the total number of shares of Mechanics common stock subject to the Mechanics RSU immediately prior to the effective time multiplied by (2) the Class A exchange ratio. Each Assumed HomeStreet RSU will otherwise remain subject to the same terms and conditions (including vesting terms, performance measures, and terms with respect to dividend equivalents) as applied to the corresponding Mechanics RSU immediately prior to the effective time. |

| Q: | How will the merger affect HomeStreet equity awards? |

| A: | The merger agreement provides that at the effective time: |

| • | each outstanding restricted stock unit award granted under the Amended and Restated HomeStreet 2014 Equity Incentive Plan (such plan, the “Equity Incentive Plan,” and each such restricted stock unit award, a “HomeStreet RS