Company: MCHB
Filing Date: 2025-05-09
Form Type: 425
Source: 0001518715-25-000085
Chunk: 15

Company: Mechanics Bancorp
Filing Date: 2025-05-09
Form: 425
Chunk 15
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 similar philosophies around retail banking and the products we offer, but there's always variances in fees or what it takes to get a waiver, et cetera, but there'll be a very detailed review of side by side each bank, and then comparing to market and then we'll make a choice so that everybody's got the same deal. Mark Mason What about on the lending side?

C.J. Johnson I think it'll be very similar. We have a big emphasis around small business lending, particularly through the branches that I think will be additive to HomeStreet. But we have a solid commercial bank. I know you guys do as well. We'll look at traditional commercial, lines of credit, term loans, commercial real estate loans, multifamily, construction. I don't think there should be much that's different for mortgage, obviously, HELOCs, entering the residential construction builder market that's new for us, but we're very excited to do that. We think that's a really well run group and excited for Don’s leadership there. So I think it should be very complimentary. I don't think there's much impact. Mark Mason So we're not going to answer that question again, right? C.J. Johnson Any other, I guess from our team at the bank, anything I you want to add to what I just said there around product or Chris Pierce No, we're going to go through a detailed deposit product to field mapping for deposit products, and generally speaking, if it's not a go forward product, we grandfather and allow them to stay in that product, and then transition and sell new products over time. But it minimizes the impact when we grandfather the products. Mark Mason That's the best answer. C.J. Johnson Good. Glad I got Chris's perspective. He knows a lot more than me about many things. Mark Mason Next question. Come on. In the back. We're just going to call everyone anonymous today. Question from Audience Perfect. Hi C.J., wondering if you could speak to any further growth plans that Mechanics may have beyond the merger, either in existing markets or your new markets. C.J. Johnson Good question. I think there's a lot of focus at our bank today on organically growing especially core deposits, profitably growing core deposits. That's got a lot of initiatives across as the bank. We recently hired a head of deposit strategy to help coordinate a lot of our efforts both around covering our existing clients, making sure we're in front of them, but