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”
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.”
Material Agreements
Mechanics Bancorp entered into Agreement with Fifth Third Bank, National Association valued at approximately $130 million (effective 2025-12-03).
“On December 3, 2025, Mechanics Bank (“Mechanics Bank”), a wholly-owned subsidiary of Mechanics Bancorp (the “Company”) and Fifth Third Bank, National Association (“Fifth Third”), a wholly-owned, indirect subsidiary of Fifth Third Bancorp, entered into an asset purchase agreement (the “Agreement”), pursuant to and subject to the terms and conditions of which Mechanics Bank has agreed to sell, and Fifth Third has agreed to purchase, Mechanics Bank’s Fannie Mae Delegated Underwriting and Servicing (“DUS”) business line (the “Transactions”) for cash consideration.”
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”
M&A Transactions
Mechanics Bancorp completed a disposition for at a price, including the value of the retained servicing, of approximately 92% of the principal balance of the loans.
“On December 27 and 30, 2024, HomeStreet Bank, a subsidiary of HomeStreet, Inc., a Washington corporation (“ HomeStreet ” or the “Company”) (Nasdaq:HMST), completed the previously announced sale, on a servicing retained basis, of $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing, of approximately 92% of the principal balance of the loans.”
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.”
Earnings Releases
Mechanics Bancorp reported financial results for the fourth quarter and year end of 2023.
“On January 29, 2024, HomeStreet, Inc. issued a press release reporting results of operations for the fourth quarter and year end of 2023.”
Material Agreements
Mechanics Bancorp entered into Agreement and Plan of Merger with FirstSun Capital Bancorp, a Delaware corporation (effective 2024-01-16).
“On January 16, 2024, HomeStreet, Inc., a Washington corporation (“ HomeStreet ”), FirstSun Capital Bancorp, a Delaware corporation (“ FirstSun ”), and Dynamis Subsidiary, Inc., a Washington corporation and wholly owned subsidiary of FirstSun (“ Merger Sub ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).”
Earnings Releases
Mechanics Bancorp reported financial results for third quarter of 2023.
“On October 30, 2023, HomeStreet, Inc. issued a press release reporting results of operations for the third quarter of 2023.”
Earnings Releases
Mechanics Bancorp reported financial results for the quarter ended June 30, 2023.
“On July 28, 2023, HomeStreet, Inc. issued a press release reporting results of operations for the second quarter of 2023.”
Shareholder Votes
Mechanics Bancorp shareholders approved Ratification of appointment of Crowe LLP as independent registered accounting firm. at the 2023-05-25 meeting.
“Proposal 3 Shareholders ratified on an advisory (non-binding) basis, as set forth below, the appointment of Crowe LLP as the Company's independent registered accounting firm for the fiscal year ending December 31, 2023. Official Results For Against Abstain Appointment of Crowe LLP 16,470,893 94,135 87,342”
Shareholder Votes
Mechanics Bancorp shareholders approved Approval on an advisory (non-binding) basis the compensation of the Company's named executive officers. at the 2023-05-25 meeting.
“Proposal 2 Company shareholders approved on an advisory (non-binding) basis, as set forth below, the compensation of the Company's named executive officers. Official Results For Against Abstain Broker Non-Votes Approval on an advisory (non-binding) basis the compensation of the Company's named executive officers. 14,022,173 633,330 32,420 1,964,447”
Shareholder Votes
Mechanics Bancorp shareholders approved Re-election of seven directors at the 2023-05-25 meeting.
“Proposal 1 Shareholders re-elected the following seven directors with terms ending at the 2024 Annual Meeting of Shareholders (or upon the due election and qualification of their respective successors). Official Results Nominee For Against Abstain Broker Non-Votes Mark K. Mason 14,283,088 396,113 8,722 1,964,447 Scott M. Boggs 13,998,766 682,121 7,036 1,964,447 Sandra A. Cavanaugh 14,373,345 307,921 6,657 1,964,447 Jeffrey D. Green 14,297,007 299,545 91,371 1,964,447 Joanne R. Harrell 13,994,554 686,767 6,602 1,964,447 James R. Mitchell, Jr. 14,318,318 278,412 91,193 1,964,447 Nancy D. Pellegrino 14,410,701 269,909 7,313 1,964,447”
S. Craig Tompkins was appointed as Director at Mechanics Bancorp.
“On May 25, 2023, the Board of Directors (the “Board”) of HomeStreet, Inc. (“HomeStreet” or the “Company”), upon recommendation of the Board's Nominating and Governance Committee (the "N&G Committee"), took action to expand the Board to eight directors and appointed S. Craig Tompkins to serve as a member of the Board effective immediately.”
Earnings Releases
Mechanics Bancorp reported financial results for the first quarter ended March 31, 2023.
“l 8-K furnished an earnings release announcing the Company's financial results for the first quarter ended March 31, 2023”
Earnings Releases
Mechanics Bancorp reported financial results for the first quarter of 2023.
“On April 24, 2023, HomeStreet, Inc. issued a press release reporting results of operations for the first quarter of 2023.”
Auditor Changes
Mechanics Bancorp engaged Crowe as its auditor.
“On March 3, 2023, Deloitte’s dismissal as the Company’s independent registered public accounting firm and the engagement of Crowe as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, each became effective”
Auditor Changes
Mechanics Bancorp dismissed Deloitte as its auditor.
“On March 3, 2023, Deloitte’s dismissal as the Company’s independent registered public accounting firm and the engagement of Crowe as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, each became effective”
Earnings Releases
Mechanics Bancorp reported financial results for the quarter and year ended December 31, 2022.
“On January 27, 2023, HomeStreet, Inc. issued a press release reporting results of operations for the fourth quarter and year end of 2022.”
Donald R. Voss retired as Lead Independent Director at Mechanics Bancorp.
“On February 22, 2022, Donald R. Voss informed HomeStreet, Inc. (the “Company”) of his decision to retire from the Company’s Board of Directors at the completion of his current term ending at the 2022 Annual Meeting of Shareholders.”
Joanne Harrell was appointed as Director at Mechanics Bancorp.
“the Board of Directors (the “Board”) of HomeStreet, Inc. (“HomeStreet” or the “Company”), upon recommendation of the Board's Human Resources and Corporate Governance Committee (the "HRCG"), took action to expand the Board to ten directors and appointed Joanne Harrell to serve as a member of the Board effective immediately.”
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.