HomeStreet and Mechanics Bank announce all-stock merger creating $23B West Coast bank

Mechanics Bancorp

HomeStreet valued at ~$300M, Mechanics Bank at ~$3.3B in all-stock deal.
HomeStreet shareholders to own ~8.3% of combined company; Mechanics shareholders ~91.7%.
Ford Financial Fund and affiliates to hold ~74.3% of combined company.
Combined company to have 168 branches across WA, OR, CA, HI with ~$23B in assets.
Transaction expected to close in Q3 2025, pending regulatory and shareholder approvals.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.