{"schema_version":"secwatch.filing_event.v1","accession":"0001518715-24-000108","form_type":"8-K","ticker":"MCHB","cik":"0001518715","company_name":"Mechanics Bancorp","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.790538+00:00","generated_at":"2026-06-03T04:21:03.230694+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"HomeStreet and FirstSun amend merger agreement; exchange ratio cut to 0.3867, capital raise increased to $235M","bullets":["Exchange ratio reduced from 0.4345 to 0.3867; implied value of $13.53 per HomeStreet share based on FSUN close.","Total equity capital raise increased by $45-60M to up to $235M; $80M already issued to Wellington Management.","HomeStreet to dispose of ~$300M in commercial real estate loans post-closing; FirstSun to issue $48.5M sub-debt.","Termination fee payable by HomeStreet cut to $2.6M from $10M if competing bid within 30 days after amendment.","Deal expected to close Q4 2024; Sunflower Bank to convert to Texas state charter, OCC application withdrawn."],"urls":{"canonical":"https://secwatch.observer/filing/0001518715-24-000108","json":"https://secwatch.observer/filing/0001518715-24-000108.json","markdown":"https://secwatch.observer/filing/0001518715-24-000108.md","text":"https://secwatch.observer/filing/0001518715-24-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1518715/000151871524000108/0001518715-24-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1518715/000151871524000108/hmst-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:21:03.230694+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"75c303ab82dd2ba64994bf909bdda47bae01608d","claim":"Mechanics Bancorp amended Amendment No. 1 with FirstSun Capital Bancorp, a Delaware corporation, and Dynamis Subsidiary, Inc., a Washington corporation and wholly owned subsidiary of FirstSun (effective 2024-04-30).","evidence_excerpt":"HomeStreet, Inc., a Washington corporation (“ HomeStreet ”), entered into Amendment No. 1 (the “ Amendment ”) to the Agreement and Plan of Merger, dated January 16, 2024 (the “ Merger Agreement ”), by and among HomeStreet , FirstSun Capital Bancorp, a Delaware corporation (“ FirstSun ”), and Dynamis Subsidiary, Inc., a Washington corporation and wholly owned subsidiary of FirstSun (“ Merger Sub ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1518715/000151871524000108/0001518715-24-000108-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"FirstSun Capital Bancorp, a Delaware corporation, and Dynamis Subsidiary, Inc., a Washington corporation and wholly owned subsidiary of FirstSun"},{"label":"Effective","value":"2024-04-30"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}