Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 2

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 2
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 common stock for combined company common stock in the merger, except with respect to any cash received by Mechanics shareholders in lieu of fractional shares of combined company common stock.**

TABLE OF CONTENTS

Based on the total number of shares of Mechanics outstanding as of July 1, 2025, the total number of shares of new HomeStreet common stock expected to be issued to Mechanics shareholders in respect of their Mechanics common stock in connection with the merger is approximately 202 million shares. It is expected that Mechanics shareholders as of immediately prior to the merger, as a group, will own approximately 91.7% of the outstanding shares of the combined company on an economic basis and 91.3% of the voting power of the combined company, and HomeStreet shareholders as of immediately prior to the merger, as a group, will own approximately 8.3% of the outstanding shares of the combined company on an economic basis and 8.7% of the voting power of the combined company. On March 28, 2025, shortly following the execution of the merger agreement, HomeStreet entered into voting and support agreements (the “key shareholder voting agreements”) with EB Acquisition Company LLC, EB Acquisition Company II LLC, Ford Financial Fund II, L.P. and Ford Financial III, L.P. (collectively, the “Ford Entities”) and Rabobank International Holding B.V. (“Rabobank”), respectively, which require the Ford Entities and Rabobank to, among other obligations, deliver written consents promptly after the effectiveness of this registration statement (and in any event within five (5) business days of such effectiveness) in favor of a proposal to approve the merger agreement and the transactions contemplated thereby, including the merger, and the principal terms thereof (the “Mechanics merger proposal”) with respect to all of their shares of Mechanics common stock entitled to vote thereon. Accordingly, the holders of approximately 95.9% of the voting power of Mechanics common stock as of July 1, 2025 have agreed to approve the Mechanics merger proposal. HomeStreet will hold a virtual special meeting of its shareholders (the “HomeStreet special meeting”) to consider and vote to approve:

| • | the issuance of new HomeStreet common stock required in connection with the merger, which will represent (i) more than 20% of the shares of existing HomeStreet common stock outstanding immediately prior to the merger and (ii) a change of control pursuant to applicable exchange listing rules (the “share issuance,” and such proposal,