Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 216

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 216
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 combined company’s enhanced size and access to capital and improved earnings and prospects; |

| • | the complementary nature of the relationship-based cultures of the two companies, including with respect to corporate purpose, strategic focus, target markets, client service, credit profiles, risk management, community development and focus on innovation, and the Mechanics board of directors’ belief that the complementary cultures would facilitate the successful integration and implementation of the transaction; |

| • | the expectation that, following the merger, the combined company would be a leading regional bank on the West Coast; |

| • | the Mechanics board of directors’ conclusion after its analysis that Mechanics and HomeStreet have complementary businesses and prospects due to the nature of the markets they serve and products they offer, and the expectation that the transaction would provide economies of scale, enhanced ability to invest in technology and innovation, expanded product offerings, cost savings opportunities, enhanced opportunities for growth and improvement in risk-adjusted returns through a more diversified revenue mix and strong fee-based income sources; |

| • | the scale and capabilities to accelerate investments in digital capabilities, while also leveraging existing technology, in order to enhance the client and customer experience; |

| • | the expanded possibilities for growth that would be available to the combined company, given its larger size, asset base, capabilities, capital and footprint; |

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| • | the ability to leverage the scale and capabilities of the combined company to accelerate retail banking and lending initiatives; |

| • | the expectation of cost savings and revenue synergies resulting from the merger; |

| • | Mechanics’ and the Ford Entities’ past record of realizing projected financial goals with respect to strategic initiatives and successfully integrating and executing on such strategic initiatives, which will mitigate the execution risk of integrating Mechanics and HomeStreet and realizing the potential benefits of the merger; |

| • | the terms of the merger agreement, the exchange ratios in relation to the respective financial and growth profiles of Mechanics and HomeStreet and the fact that the exchange ratios are fixed, which the Mechanics board of directors believed was consistent with market practice for transactions of this type and with the strategic purpose of the transaction; |

| • | the provisions of the merger agreement setting forth the corporate governance of the combined company, including that, upon the closing, the combined company’s board of directors would be comprised of the legacy Mechanics directors and one legacy HomeStreet director chosen by Mechanics, which the Mechanics board of directors believed would enhance the likelihood that the strategic benefits of the merger would be realized and would enable existing Mechanics directors to effectively