Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 113

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 113
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TABLE OF CONTENTS

HOMESTREET PROPOSALS PROPOSAL 1: HOMESTREET ARTICLES AMENDMENT PROPOSAL Pursuant to the merger agreement, HomeStreet is asking the HomeStreet shareholders to approve an amendment to the HomeStreet articles in the form of Annex Bhereto (the “articles amendment”), which, subject to the discretion of HomeStreet’s board of directors, is expected be filed and effective prior to the effective time. The articles amendment would:

| • | change the name of HomeStreet from “HomeStreet, Inc.” to “Mechanics Bancorp”; |

| • | effect an increase in the number of authorized shares of HomeStreet common stock from 160,000,000 to 1,900,000,000 and HomeStreet preferred stock from 10,000 to 120,000; |

| • | authorize the issuance of two (2) classes of HomeStreet common stock, 1,897,500,000 shares of which will be designated Class A common stock, no par value (“Class A common stock”), and 2,500,000 shares of which will be designated Class B common stock, no par value (“Class B common stock”). The rights, preferences, limitations and voting powers of the Class A common stock and Class B common stock generally will be identical, except that (i) in the event of a HomeStreet liquidation or dissolution, or upon the declaration of non-stock dividends or distributions, each share of Class B common stock will be treated as if such share had converted into ten (10) shares of Class A common stock, and (ii) holders of Class B common stock will be entitled to vote as a separate class on certain amendments adverse to the holders thereof. The Class B common stock is convertible into Class A common stock in connection with a transfer of Class B common stock to a person that is not an affiliate (as defined in the Bank Holding Company Act of 1956, as amended) of such holder (w) in a widely dispersed public offering, (x) in a transfer to HomeStreet, (y) in a private sale in which no purchaser (or group of associated purchasers) would acquire Class A common stock and/or Class B common stock in an amount that, after the conversion of such Class B common stock, represents two percent (2%) or more of a class of HomeStreet’s voting securities or (z) where such transferee would control a majority of Home