---
schema_version: "secwatch.filing_event.v1"
accession: "0001518715-25-000029"
form_type: "8-K"
ticker: "MCHB"
cik: "0001518715"
company_name: "Mechanics Bancorp"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:44:23.617640+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001518715-25-000029
- form_type: 8-K
- ticker: MCHB
- cik: 0001518715
- company_name: Mechanics Bancorp
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518715/000151871525000029/0001518715-25-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518715/000151871525000029/hmst-20250331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001518715-25-000029
- JSON: https://secwatch.observer/filing/0001518715-25-000029.json
- Plain text: https://secwatch.observer/filing/0001518715-25-000029.txt

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