Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 322

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 322
---
 person is or was an officer, employee or agent of Mechanics. 
 The Mechanics bylaws provide that Mechanics may maintain insurance at its own expense for any person who is or was a director, officer, employee or agent against any liability whether or not Mechanics has the power to indemnify such persons for liability.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | insurance at its own expense to protect itself and any indemnitee against any expense, liability, or loss against which the combined company has the power to indemnify.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Appraisal or Dissenters’ Rights |     | Under the CGCL, shareholders of a California corporation are generally entitled to dissent from a merger or consolidation and obtain payment of the fair value of their shares when a merger or consolidation occurs, if such shareholders are entitled to vote thereon and certain procedural and statutory requirements are satisfied by the shareholders. However, the CGCL provides that appraisal rights are not available if specified exceptions are satisfied. The Mechanics charter and Mechanics bylaws do not provide a separate right to appraisal or dissenters’ rights.                                                                                                                                                                                                                                            |     | Under the WBCA, a shareholder is entitled to dissent from, and obtain payment of the fair value of the shareholder’s shares only in the event of, any of the following corporate acts: (i) consummation of a plan of merger to which the corporation is a party if shareholder approval is required and the shareholder is entitled to vote on the merger or if the corporation is a subsidiary that is merged with its parent; (ii) consummation of a plan of share exchange to which the corporation is a party as the corporation whose shares will be acquired, if the shareholder is entitled to vote on the plan; (iii) consummation of a sale or exchange of all or substantially all of the property of the corporation other than in the usual and regular course of business if the shareholder is entitled to vote on the sale or exchange, including a sale in dissolution, unless the sale is pursuant to a court order or a sale for cash pursuant |

211

TABLE OF CONTENTS

|                                           |     | Mechanics                                                                                                                                                                               |     | Combined Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                           |     |                                                                                                                                                                                         |     | to a plan by which all or substantially all of the net proceeds will be distributed to shareholders within one year; (iv) an amendment of the articles of incorporation if the amendment effects the redemption or cancellation of all of the shareholder’s shares in exchange for cash