Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 689

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 689
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 and Plan of Merger (the “Agreement”) to be entered into by and among HomeStreet, HomeStreet Bank and Mechanics Bank. Pursuant to the Agreement and subject to the terms, conditions and limitations set forth therein, each share of common stock, par value $50 per share, of Mechanics Bank designated as Voting Common Stock (the “Voting Common Stock”) and each share of the common stock, par value $50 per share, of Mechanics Bank designated as Non-Voting Common Stock (the “Non-Voting Common Stock”) issued and outstanding immediately prior to the Effective Time (the Voting Common Stock and the Non-Voting Common Stock, collectively, the “Mechanics Bank Common Stock”) (other than Excluded Shares (as defined in the Agreement)) shall be converted into the right to receive (A) in the case of Voting Common Stock, 3,301.0920 shares (the “Voting Exchange Ratio” and such shares collectively, the “Voting Merger Consideration”) of the class A common stock, no par value, of HomeStreet (the “Class A HomeStreet Common Stock”), and (B) in the case of the Non-Voting Common Stock, 330.1092 shares (the “Non-Voting Exchange Ratio,” and such shares collectively with the Voting Merger Consideration, the “Merger Consideration”) of the class B common stock, no par value, of HomeStreet (the “Class B HomeStreet Common Stock,” and together with the Class A HomeStreet Common Stock, the “HomeStreet Common Stock”). The terms and conditions of the Transaction are more fully set forth in the Agreement. Following the transactions, HomeStreet will be renamed Mechanics Bancorp.

KBW has acted as financial advisor to HomeStreet and not as an advisor to or agent of any other person in connection with the Transaction. As part of our investment banking business, we are continually engaged in the valuation of bank and bank holding company securities in connection with acquisitions, negotiated underwritings, secondary distributions of listed and unlisted securities, private placements and valuations for various other purposes. As specialists in the securities of banking companies, we have experience in, and knowledge of, the valuation of banking enterprises. We and our affiliates, in the ordinary course of our and their broker-dealer businesses (and further to an existing sales and trading relationship between a KBW broker-dealer affiliate and Mechanics Bank), may from time to time purchase securities from, and sell securities to, HomeStreet, Mechanics Bank and or