---
schema_version: "secwatch.filing_event.v1"
accession: "0001518715-24-000203"
form_type: "8-K"
ticker: "MCHB"
cik: "0001518715"
company_name: "Mechanics Bancorp"
filed_at: "2024-12-31T23:59:59+00:00"
generated_at: "2026-05-28T21:40:55.222567+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HomeStreet closes sale of $990M multifamily loans at ~92% of principal

## Summary
- Sold $990M multifamily CRE loans on Dec 27 and 30, 2024, on a servicing retained basis.
- Price including retained servicing value approximately 92% of principal balance.
- Substantially all proceeds used to pay down Federal Home Loan Bank borrowings.

## SEC filing metadata
- accession: 0001518715-24-000203
- form_type: 8-K
- ticker: MCHB
- cik: 0001518715
- company_name: Mechanics Bancorp
- filed_at: 2024-12-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518715/000151871524000203/0001518715-24-000203-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518715/000151871524000203/hmst-20241227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001518715-24-000203
- JSON: https://secwatch.observer/filing/0001518715-24-000203.json
- Plain text: https://secwatch.observer/filing/0001518715-24-000203.txt

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