Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 320

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 320
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 any interest in shares of capital stock of the combined company will be deemed to have notice of and consented to the foregoing.

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TABLE OF CONTENTS

COMPARISON OF THE RIGHTS OF COMBINED COMPANY SHAREHOLDERS AND MECHANICS SHAREHOLDERS If the merger is completed, Mechanics shareholders will receive shares of combined company common stock in the merger and will cease to hold shares of Mechanics common stock. Mechanics is organized under the laws of the State of California as a California banking corporation. HomeStreet is, and after the merger the combined company will be, organized under the laws of the State of Washington. The following is a summary of certain material differences between (i) the current rights of Mechanics shareholders under the Mechanics charter, the Mechanics bylaws and California law and (ii) the future rights of combined company shareholders (which will include existing Mechanics shareholders and existing HomeStreet shareholders) under the amended and restated articles, the amended and restated bylaws and Washington law upon the completion of the merger. The following summary is not a complete statement of the rights of shareholders of Mechanics or the combined company or a complete description of the specific provisions referred to below. The summary is qualified in its entirety by reference to Mechanics’ governing documents, and the amended and restated articles and the amended and restated bylaws, which we urge you to read carefully and in their entirety and which are available as Annex Band Annex C, respectively. For more information on how to obtain these documents, see the section entitled “ Where You Can Find More Information.”

|                           |     | Mechanics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |     | Combined Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Authorized Capital Stock; 
 Conversion                |     | The Mechanics charter authorizes Mechanics to issue 300,000 shares of common stock, par value $50 per share, of which 280,000 shares are designated as Mechanics voting common stock and 20,000 shares are designated as Mechanics non-voting common stock, and 200,000 shares of preferred stock, no par value per share. As of the consent record date, there were [ ] shares of Mechanics voting common stock outstanding, [ ] shares of Mechanics non-voting common stock outstanding and no shares of preferred stock outstanding.                                                                                                                                                                                                                        
 The Mechanics non-voting common stock is convertible into Mechanics voting common stock in connection with a transfer of Mechanics non-voting common stock to a person that is not an affiliate (as defined in the Bank Holding