Mechanics Bank Completes Merger with HomeStreet Bank, Expanding West Coast Presence
Mechanics Bancorp has completed its merger with HomeStreet Bank, enhancing its West Coast presence with a total of 166 branches across California, Washington, Oregon, and Hawaii, and assets exceeding $22 billion. Executive Chairman Carl B. Webb highlighted the merger's significance in creating a premier community bank from San Diego to Seattle. HomeStreet Bank will operate as a wholly owned subsidiary of Mechanics Bancorp, which has been renamed from HomeStreet, Inc.
Mechanics Bancorp (NASDAQ: MCHB), the holding company of Mechanics Bank, has completed its strategic merger with HomeStreet Bank. This transaction significantly enlarges the West Coast presence of the 120-year-old Mechanics Bank, resulting in a combined entity with 166 branches across California, Washington, Oregon, and Hawaii, and assets exceeding $22 billion. Carl B. Webb, Executive Chairman of Mechanics Bancorp, expressed satisfaction with the merger’s completion, emphasizing the creation of a premier community bank spanning from San Diego to Seattle. HomeStreet Bank has been merged into Mechanics Bank, which will continue to operate as a wholly owned subsidiary of Mechanics Bancorp, now renamed from HomeStreet, Inc. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HomeStreet Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-033560), on September 02, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
