HomeStreet, Mechanics Bank Receive Regulatory Approvals for Strategic Merger

Mechanics Bank and HomeStreet, Inc. have received all required regulatory approvals for their pending strategic merger. The merger is expected to be completed on or around September 2, 2025, pending approval by HomeStreet shareholders and satisfaction of customary closing conditions. Mechanics Bank will merge with and into HomeStreet Bank, with Mechanics Bank surviving as a subsidiary of HomeStreet. HomeStreet will remain a publicly traded company and be renamed Mechanics Bancorp.