Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 404

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 404
---
20 |
| Termination Date                            |     | A-52 |
| Termination Fee                             |     | A-53 |
| the date hereof                             |     | A-55 |
| transactions contemplated by this Agreement |     | A-55 |
| transactions contemplated hereby            |     | A-55 |
| Voting Company Common Stock                 |     | A-11 |
| Washington Secretary                        |     | A-10 |
| WBCA                                        |     | A-9  |
| WCBA                                        |     | A-9  |
| WDFI                                        |     | A-10 |

A-8

#### TABLE OF CONTENTS

### AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER, dated March 28, 2025 (this “ Agreement ”), by and among Mechanics Bank, a California banking corporation (“ Company ”), HomeStreet, Inc., a Washington corporation (“ Parent ”), and HomeStreet Bank, a Washington state-chartered commercial bank and a direct and wholly owned subsidiary of Parent (“ Parent Bank ” and together with Parent, the “ Parent Parties ”).

<div align='center'>**W I T N E S S E T H:**</div>

WHEREAS, the respective Boards of Directors of each of Company, Parent and Parent Bank (together, the “ Parties ” and each, a “ Party ”) have determined that it is in the best interests of their respective companies and their respective shareholders to consummate the strategic business combination transactions provided for in this Agreement, pursuant to which Parent Bank will, subject to the terms and conditions set forth in this Agreement, merge with and into Company (the “ Merger ”), so that Company is the surviving entity in the Merger (sometimes referred to in such capacity as the “ Surviving Entity ”).

WHEREAS, in furtherance thereof, the Board of Directors of Company has approved the transactions contemplated by this Agreement, including the Merger, and resolved to submit this Agreement to its shareholders for approval and to recommend that its shareholders approve this Agreement and the transactions contemplated hereby, including the Merger, and the principal terms thereof, in accordance with the applicable provisions of the California Financial Code (the “ CFC ”) and the California General Corporation Law (the “ CGCL ”).

WHEREAS, in furtherance thereof, the Board of Directors of Parent Bank has approved the transactions contemplated by this Agreement, including the Merger, and resolved to submit this Agreement to Parent, as its sole shareholder, for approval and