---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-033560"
form_type: "8-K"
ticker: "MCHB"
cik: "0001518715"
company_name: "Mechanics Bancorp"
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T08:50:48.439458+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# HomeStreet completes merger with Mechanics Bank; renamed Mechanics Bancorp; control shifts to Ford Entities

## Summary
- Mechanics Bank shareholders received 3,301.092 Class A shares per voting share; own 91.7% of combined company.
- Ford Entities (controlling Mechanics Bank) received 171.8M unregistered Class A shares, gaining 77.7% voting power.
- Ticker changes to "MCHB" on Nasdaq; company renamed Mechanics Bancorp.
- New leadership: CEO C.J. Johnson, CFO Nathan Duda, COO Chris Pierce, CAO Fernando Pelayo appointed.
- Legacy HomeStreet CEO Mark Mason receives $4M consulting fee over 2 years; severance for other departing execs.

## SEC filing metadata
- accession: 0001140361-25-033560
- form_type: 8-K
- ticker: MCHB
- cik: 0001518715
- company_name: Mechanics Bancorp
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518715/000114036125033560/0001140361-25-033560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518715/000114036125033560/ef20054890_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-033560
- JSON: https://secwatch.observer/filing/0001140361-25-033560.json
- Plain text: https://secwatch.observer/filing/0001140361-25-033560.txt

## Key facts
- M&A Transactions
  Mechanics Bancorp underwent a change of control involving Mechanics Bank (closed 2025-09-02).
  - Action: change of control
  - Counterparty: Mechanics Bank
  - Closing: 2025-09-02
  source text: On September 2, 2025 (the “Closing Date”), Mechanics Bancorp (formerly known as HomeStreet, Inc.), a Washington corporation (the “Company”), consummated the previously announced merger (the “Merger”) pursuant to the terms of the Agreement and Plan of Merger, dated as of March 28, 2025 (as amended, the “Merger Agreement”), by and among the Company, HomeStreet Bank, a Washington state-charted commercial bank and a wholly owned subsidiary of the Company (“HomeStreet Bank”), and Mechanics Bank, a California banking corporation (“Mechanics Bank”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1518715/000114036125033560/0001140361-25-033560-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.