Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 18

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 18
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U”) will remain outstanding and be continued subject to the same terms and conditions (including vesting terms and terms with respect to dividend equivalents) as applied immediately prior to the effective time; and |

| • | any vesting conditions applicable to each outstanding performance stock unit award granted under the Equity Incentive Plan (a “HomeStreet PSU,” and together with HomeStreet RSUs, the “HomeStreet Equity Awards”), whether vested or unvested, will automatically accelerate, and each such HomeStreet PSU will be cancelled and entitle the holder to receive (1) a number of shares of the Class A common stock equal to the number of shares of HomeStreet common stock (immediately prior to the effective time) subject to such HomeStreet PSU based on target performance plus (2) an amount in cash equal to the amount of all dividends, if any, accrued but unpaid as of the effective time with respect to such HomeStreet PSU based on target performance. |

For more detail on the HomeStreet Equity Awards of HomeStreet executive officers, see the section entitled “ The Merger—Interests of HomeStreet’s Directors and Executive Officers in the Merger.”

| Q: | Where can I find more information about HomeStreet? |

| A: | You can find more information about HomeStreet from the sources described under the section entitled “Where You Can Find More Information.” |

| Q: | When is the merger expected to be completed? |

| A: | Neither HomeStreet nor Mechanics can predict the actual date on which the merger will be completed, or if the merger will be completed at all, because completion is subject to conditions and factors outside the control of |

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TABLE OF CONTENTS

HomeStreet and Mechanics. Mechanics must obtain the requisite Mechanics shareholder approval, and HomeStreet must obtain the requisite HomeStreet shareholder approval. HomeStreet and Mechanics must also obtain necessary regulatory approvals and satisfy certain other closing conditions. HomeStreet and Mechanics expect the merger to be completed promptly once HomeStreet and Mechanics have obtained their respective shareholders’ approvals noted above, have obtained necessary regulatory approvals and have satisfied certain other closing conditions. Subject to the satisfaction of the conditions to the merger, the merger is expected to close in the third quarter of 2025.

| Q: | What are the conditions to complete the merger? |

| A: | The obligations of HomeStreet and Mechanics to complete the merger are subject to the satisfaction or waiver of certain closing conditions contained in the merger agreement, including the receipt of requisite regulatory approvals and the expiration or termination of all statutory