Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 73

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 73
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 not required to approve the merger within the meaning of Section 23B.11A.040 of the WBCA, and the HomeStreet articles amendment will not effect a redemption or cancellation of any HomeStreet shareholders’ shares of HomeStreet common stock. Accordingly, no dissenters’ rights are available to HomeStreet shareholders in connection with the merger or other matters to be voted on at the HomeStreet special meeting.

Under Section 1300(a) of the California General Corporation Law (“CGCL”), a shareholder of a California is entitled to dissent from, and obtain payment of the fair market value of his, her, or its shares only in the event of certain corporate acts, including, among others, certain reorganizations involving such corporation, by complying with the applicable requirements under the CGCL. Under the CGCL, which governs Mechanics shareholders’ dissenters’ rights, Mechanics shareholders will not be entitled to exercise any appraisal or dissenters’ rights in connection with the merger.

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**Issuance of shares of HomeStreet common stock in connection with the merger may adversely affect the market price of HomeStreet common stock.**

HomeStreet expects to issue approximately 202 million shares of HomeStreet common stock to Mechanics shareholders in respect of their Mechanics common stock. The issuance of these new shares of HomeStreet common stock may result in fluctuations in the market price of HomeStreet common stock, including a stock price decrease, including as a result of the dilution caused by such issuance.

**Shareholder litigation related to the merger could prevent or delay the completion of the merger, result in the payment of damages or otherwise negatively impact the business and operations of HomeStreet and Mechanics.**

Shareholders of HomeStreet and/or Mechanics may file lawsuits against HomeStreet, Mechanics and/or the directors or officers of either company in connection with the transaction. One of the conditions to the closing is that no order, injunction or decree issued by any court or governmental entity of competent jurisdiction or other legal restraint preventing the consummation of the merger or any of the other transactions contemplated by the merger agreement be in effect. If any plaintiff were successful in obtaining an injunction prohibiting HomeStreet or Mechanics defendants from completing the merger or any of the other transactions contemplated by the merger agreement, then such injunction may delay or prevent the consummation of the merger and could result in significant costs to HomeStreet and/or Mechanics, including any cost associated with the indemnification of directors and officers of each company. HomeStreet and Mechanics may incur