secwatch.observer — SEC 8-K summary
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Issuer:     Mechanics Bancorp (MCHB)
CIK:        0001518715
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001518715-25-000029
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518715/000151871525000029/0001518715-25-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518715/000151871525000029/hmst-20250331.htm
  HTML page:      https://secwatch.observer/filing/0001518715-25-000029

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