HomeStreet and FirstSun mutually terminate merger agreement from Jan 2024

Mechanics Bancorp

Mutual termination effective Nov 18, 2024, under Section 8.1(a) of the Merger Agreement.
Each party releases the other from all claims related to the Merger Agreement; confidentiality agreement survives.
FirstSun to pay previously agreed expense reimbursement to HomeStreet for integration planning costs.
Both parties to file 8-K before 9:00 AM Nov 19, 2024; agree to 5-year no-disparagement clause.
Merger Agreement and side letter void; no liability except for surviving provisions.

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