Mechanics Bancorp shareholders approved Ratification, on an advisory and non-binding basis, of the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-28 meeting.
“Proposal 3. Ratification, on an advisory and non-binding basis, of the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved with the following vote: For Against Abstentions Broker Non-Votes 199,406,289 54,009 328,167 N/A”
Shareholder Votes
Mechanics Bancorp shareholders approved Approval, on an advisory and non-binding basis, of the compensation paid to the Company’s named executive officers as disclosed in the Proxy Statement at the 2026-05-28 meeting.
“Proposal 2. Approval, on an advisory and non-binding basis, of the compensation paid to the Company’s named executive officers as disclosed in the Proxy Statement: The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved with the following vote: For Against Abstentions Broker Non-Votes 196,110,106 330,525 709,505 2,638,329”
Shareholder Votes
Mechanics Bancorp shareholders approved Election of the eight director nominees at the 2026-05-28 meeting.
“Proposal 1. Election of the eight director nominees: The Company’s directors were each elected by a majority of the votes cast. Accordingly, the following eight director nominees were elected, each for a term of one year expiring at the Company’s 2027 Annual Meeting of Shareholders: Nominee For Against Abstentions Broker Non-Votes Carl B. Webb 193,604,620 3,540,075 5,441 2,638,329 E. Michael Downer 197,024,341 120,066 5,029 2,638,329 Patricia Cochran 196,726,712 417,859 5,565 2,638,329 Adrienne Y. Crowe 195,662,831 1,481,444 5,861 2,638,329 Douglas Downer 197,036,529 107,895 5,712 2,638,329 Nancy D. Pellegrino 196,888,040 257,085 5,011 2,638,329 Kenneth D. Russell 195,865,339 1,280,041 4,756 2,638,329 Jon R. Wilcox 196,937,400 205,432 7,304 2,638,329”
Shareholder Votes
Mechanics Bancorp shareholders approved Ratification, on an advisory and non-binding basis, of the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-28 meeting.
“Proposal 3. Ratification, on an advisory and non-binding basis, of the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved with the following vote: For Against Abstentions Broker Non-Votes 199,406,289 54,009 328,167 N/A”
Shareholder Votes
Mechanics Bancorp shareholders approved Approval, on an advisory and non-binding basis, of the compensation paid to the Company’s named executive officers as disclosed in the Proxy Statement at the 2026-05-28 meeting.
“Proposal 2. Approval, on an advisory and non-binding basis, of the compensation paid to the Company’s named executive officers as disclosed in the Proxy Statement: The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved with the following vote: For Against Abstentions Broker Non-Votes 196,110,106 330,525 709,505 2,638,329”
Shareholder Votes
Mechanics Bancorp shareholders approved Election of eight director nominees at the 2026-05-28 meeting.
“Proposal 1. Election of the eight director nominees: The Company’s directors were each elected by a majority of the votes cast. Accordingly, the following eight director nominees were elected, each for a term of one year expiring at the Company’s 2027 Annual Meeting of Shareholders: Nominee For Against Abstentions Broker Non-Votes Carl B. Webb 193,604,620 3,540,075 5,441 2,638,329 E. Michael Downer 197,024,341 120,066 5,029 2,638,329 Patricia Cochran 196,726,712 417,859 5,565 2,638,329 Adrienne Y. Crowe 195,662,831 1,481,444 5,861 2,638,329 Douglas Downer 197,036,529 107,895 5,712 2,638,329 Nancy D. Pellegrino 196,888,040 257,085 5,011 2,638,329 Kenneth D. Russell 195,865,339 1,280,041 4,756 2,638,329 Jon R. Wilcox 196,937,400 205,432 7,304 2,638,329”
Earnings Releases
Mechanics Bancorp reported the first quarter of 2026 (quarter ended March 31, 2026) results: net income $44.1 million, EPS $0.19 per diluted share.
“Mechanics reported net income of $44.1 million, or $0.19 per diluted share (3) , for the first quarter of 2026”
Governance Changes
Mechanics Bancorp: Amended Sections 4.1 and 4.3 of the bylaws to clarify shares will be uncertificated unless board provides otherwise, with uncertificated shares in book-entry form (effective 2026-02-25).
“On February 25, 2026, the Board of Directors of Mechanics Bancorp (the “Company”) approved and adopted an amendment to the Company’s Amended and Restated Bylaws. The amendment revises Sections 4.1 and 4.3 of the Amended and Restated Bylaws to clarify that the Company’s shares will be uncertificated unless the Board of Directors provides otherwise, and that uncertificated shares will be recorded in book-entry form.”
M&A Transactions
Mechanics Bancorp underwent a change of control involving Mechanics Bank (closed 2025-09-02).
“On September 2, 2025 (the “Closing Date”), Mechanics Bancorp (formerly known as HomeStreet, Inc.), a Washington corporation (the “Company”), consummated the previously announced merger (the “Merger”) pursuant to the terms of the Agreement and Plan of Merger, dated as of March 28, 2025 (as amended, the “Merger Agreement”), by and among the Company, HomeStreet Bank, a Washington state-charted commercial bank and a wholly owned subsidiary of the Company (“HomeStreet Bank”), and Mechanics Bank, a California banking corporation (“Mechanics Bank”).”
Mark Mason was terminated as Chairman, Chief Executive Officer and President at Mechanics Bancorp.
“HomeStreet and Mechanics Bank entered into a consulting agreement (the “ Consulting Agreement ”) with Mark Mason, the Chairman, Chief Executive Officer and President of HomeStreet, pursuant to which Mr. Mason’s employment with HomeStreet and HomeStreet Bank will terminate on the first day following the closing of the Merger”
Material Agreements
Mechanics Bancorp amended Amendment No. 1 with FirstSun Capital Bancorp, a Delaware corporation, and Dynamis Subsidiary, Inc., a Washington corporation and wholly owned subsidiary of FirstSun (effective 2024-04-30).
“HomeStreet, Inc., a Washington corporation (“ HomeStreet ”), entered into Amendment No. 1 (the “ Amendment ”) to the Agreement and Plan of Merger, dated January 16, 2024 (the “ Merger Agreement ”), by and among HomeStreet , FirstSun Capital Bancorp, a Delaware corporation (“ FirstSun ”), and Dynamis Subsidiary, Inc., a Washington corporation and wholly owned subsidiary of FirstSun (“ Merger Sub ”).”
Earnings Releases
Mechanics Bancorp reported financial results for the quarter ended March 31, 2024.
“On April 30, 2024, HomeStreet, Inc. issued a press release reporting results of operations for the first quarter of 2024.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.