HomeStreet supplements proxy disclosures in response to shareholder demand letters, no deal changes

Mechanics Bancorp

Received shareholder demand letters alleging insufficient proxy disclosures; HomeStreet believes claims are without merit.
Voluntarily adds disclosure on KBW fees: $0.5M paid by FirstSun (Jan 2022) and $0.75M paid by HomeStreet (Jan 2022).
Merger consideration and shareholder vote on June 18, 2024 unchanged; board continues to recommend approval.
Supplemental disclosures do not admit legal necessity; HomeStreet denies all allegations of inadequate disclosure.

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