HomeStreet and Mechanics Bank receive all regulatory approvals; merger closing set for Sept 2, 2025

Mechanics Bancorp

Approvals from Fed, FDIC, CA and WA state regulators received for all-stock merger.
HomeStreet shareholder vote scheduled Aug 21; closing expected Sept 2, 2025.
HomeStreet renamed Mechanics Bancorp post-merger; remains publicly traded (HMST).
Mechanics Bank shareholder consent already obtained from Ford Financial Fund and affiliates.
Merger is structured as HomeStreet Bank merging into Mechanics Bank, with Mechanics surviving.

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