Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 221

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 221
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 actions it might otherwise take with respect to its operations absent the pendency of the merger; |

| • | the regulatory and other approvals required in connection with the merger, consideration of the relevant factors assessed by the regulators for the approvals and the parties’ evaluation of those factors and the risk that such regulatory approvals may not be received in a timely manner or at all or may impose unacceptable conditions; |

| • | the risk that the merger may not be completed despite the combined efforts of Mechanics and HomeStreet or that completion of the merger may be unduly delayed, including as a result of factors outside of either party’s control; |

| • | the potential for legal claims challenging the merger; and |

| • | the other risks described under the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements.” |

The foregoing discussion of the information and factors considered by the Mechanics board of directors is not intended to be exhaustive, but includes the material factors considered by the Mechanics board of directors. In reaching its decision to approve the merger agreement and the transactions contemplated thereby, including the merger, the Mechanics board of directors did not quantify or assign any relative weights to the factors considered, and individual directors may have given different weights to different factors. The Mechanics board of directors considered all these factors as a whole, including through its discussions with Mechanics’ management and financial and legal advisors, in evaluating the merger agreement and the transactions contemplated thereby, including the merger. The Mechanics board of directors realized that there can be no assurance about future results, including results expected or considered in the factors listed above, such as assumptions regarding anticipated cost savings or synergies. The Mechanics board of directors concluded, however, that the potential positive factors outweighed the potential risks of completing the merger. In considering the recommendation of the Mechanics board of directors, you should be aware that certain directors and executive officers of Mechanics may have interests in the merger that are different from, or in addition to, interests of Mechanics shareholders generally and may create potential conflicts of interest. The Mechanics board of directors was aware of these interests and considered them when evaluating and negotiating the merger agreement, the merger and the other transactions contemplated by the merger agreement, and in recommending to Mechanics shareholders that they vote in favor of the merger proposal. See the section entitled “ —Interests of Mechanics Directors and Executive Officers in the Merger” for more information. It should be noted that this explanation of the reasoning of the Mechanics board of directors and the other information presented in this section is forward-looking in nature and,