Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 65

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 65
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 employed by HomeStreet and Mechanics. It is possible that these employees may decide not to remain with HomeStreet or Mechanics, as applicable, while the merger is pending or with the combined company after the completion of the merger. If HomeStreet and Mechanics are unable to retain key employees who are critical to the successful integration and future operations of the companies, HomeStreet and Mechanics could face disruptions in their operations, loss of existing customers, loss of key information, expertise or know-how and unanticipated additional recruitment costs. In addition, following the completion of the merger, if key employees terminate their employment, the combined company’s business activities may be adversely affected, and management’s attention may be diverted from successfully hiring suitable replacements, all of which may cause the combined company’s business to suffer. HomeStreet and Mechanics also may not be able to locate or retain suitable replacements for any key employees who leave either company.

**Regulatory approvals may not be received, may take longer than expected or may impose conditions that are not presently anticipated or that could have an adverse effect on the combined company following the merger.**

Before the merger may be completed, various approvals, consents and non-objections must be obtained, including from the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”), the FDIC, the CDFPI and the Washington State Department of Financial Institutions, Division of Banks (the “WDFI”), and certain applications or notices must be filed with the Oregon Department of Consumer and Business Services (the “ODCBS”) and the Hawaii Department of Commerce and Consumer Affairs (the “HDCCA”) with respect to Mechanics maintaining the existing HomeStreet Bank offices in such states. In determining whether to grant these approvals, such regulatory authorities consider a variety of factors, including the regulatory standing of each party and the factors described under the section entitled “ The Merger—Regulatory Approvals .” These approvals could be delayed or not obtained at all, including due to an adverse development in either party’s regulatory standing or in any other factors considered by regulators when granting such approvals; governmental, political or community group inquiries, investigations or opposition; or changes in legislation or the political environment generally. Some recent transactions comparable to the merger have encountered lengthy delays, and the merger may be subject to similar delays in obtaining its required approvals.

The approvals that are granted may impose terms and conditions, limitations, obligations or costs, or place restrictions on the conduct of the combined company’s business or require changes to the terms of the transactions contemplated by the merger agreement. There can be