Mechanics Bank and HomeStreet, Inc. Announce Strategic Merger Combination will create the premier, publicly-traded West Coast bank WALNUT CREEK, California and SEATTLE, Washington — March 31, 2025 — Mechanics Bank and HomeStreet, Inc (NASDAQ: HMST) (“HomeStreet”), the holding company of HomeStreet Bank, jointly announced today that they have entered into a definitive merger agreement (the “Merger Agreement”) providing for an all-stock
Mechanics Bank - Corporate Profile Founded in 1905 to help families, businesses and communities prosper, Mechanics Bank offers a wide range of products and services in consumer and business banking, commercial lending, cash management services, private banking, and comprehensive wealth management and trust services
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Historic Timeline - HSB 100 Years 79-year-old Continental, the largest private, independently owned bank in the Northwest, became HomeStreet Bank to preserve its image as a hometown lender In the same year, they launched a complete line of business banking products and services
Celebrating 100 years on your street. HomeStreet Bank turned 100 on August 18, 2021—a select club only a small percentage of companies can claim membership in As we commemorate this incredible milestone, we’re proud our mission today remains the same as when our founders first opened their doors—to always strive to meet the needs of the people and communities we serve
HomeStreet Bank - HomeStreet Announces Authorization of $25 Million . . . HomeStreet, Inc (Nasdaq:HMST) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking
Mechanics Bancorp Reports Third Quarter 2025 Results Following . . . Mechanics’ financial results for the third quarter were materially impacted by its merger with HomeStreet, Inc (“HomeStreet”), which was completed on September 2, 2025 Refer to “Presentation of Results – HomeStreet Bank Merger” below for additional information about the presentation of the financial statements following the merger
Mechanics Bank Completes Strategic Merger with HomeStreet, Inc. In the Merger, HomeStreet Bank merged with and into Mechanics Bank, with Mechanics Bank surviving as a banking corporation incorporated under the laws of the State of California and as a wholly owned subsidiary of Mechanics Bancorp (renamed from HomeStreet, Inc , in conjunction with the closing of the Merger)
Mechanics Bank - Mechanics Bancorp Declares Cash Dividend Mechanics Bancorp (Nasdaq: MCHB) today announced that it has declared a cash dividend of $0 21 per share of Class A common stock and $2 10 per share of Class B common stock, each payable on December 15, 2025, to shareholders of record as of the close of business on December 8, 2025 “Our integration of HomeStreet Bank is progressing smoothly and our regulatory capital ratios are stronger
Mechanics Bank - Governance - Officers Directors - Person Details A financial services industry leader with extensive experience in human capital management, business development, marketing, strategy, and risk management, Nancy D Pellegrino became a Director for Mechanics Bank in September 2025 She had been serving as a Director for HomeStreet Bank since 2019, which merged with Mechanics Bank on September 2, 2025 From 2014 to 2018, Ms Pellegrino served