Company: MCHB
Filing Date: 2025-05-09
Form Type: 425
Source: 0001518715-25-000085
Chunk: 2

Company: Mechanics Bancorp
Filing Date: 2025-05-09
Form: 425
Chunk 2
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 is our Chief Credit Officer. Tony Kallinga, our Chief Banking Officer. Shanna Hansen, Head of Retail Banking, and Daniel Watt, our Director of Mortgage and Consumer Lending. And Nathan, sorry, he's usually golfing, but here he is. He's always hiding... (laughs from the audience). No Nathan does a fantastic job and I feel really bad for Nathan because that is where absolutely a ton of work is for our finance department getting ready to become a public company. Which is a very exciting thing in the history of Mechanics. We're a 120 year old bank and the first time we will be public. And so with that, Mark, what do you think we should do – shall you and I talk a little? Mark Mason Well, I think we should get right into the questions because instead of a little more preliminary talk, the most important thing today is answering the questions that folks have in their minds or concerns, curiosities. This is a big endeavor and things are going to change for both companies - more significantly for HomeStreet but, the one thing I want to repeat to everyone, these two companies are very highly aligned already. And we have already seen 1) through coming together and negotiating a transaction 2) to the due diligence that we did in both directions necessarily, and now through integration that, the company's strategy, culture, how we think about products, deposits and loans, our view of risk and risk management, we are very highly aligned. Hopefully all of you have had a chance to look at the investor deck that was published the same time as the press release. A lot of great information, but if you paid particular attention to the composition of Mechanics’ balance sheet, our balance sheet deposits, - they are very, very similar. So when you put them together; still looks very similar and I think that's going to help integration. I know relative to our exercise last year, things are already very, very smooth and easier, and I think that's going to serve all of us well as really important decisions are made through this process. So, why don't we sit down and we're going to do a few questions that we've prepared. One thing we think that you're interested in or things folks have asked us about internally already and so we'll do that and then we'll move to questions from the audience. Alright,

first let's start with you, C.J. No, you're our guest, so we'll start with you. How about a little