HomeStreet Inc. and Mechanics Bank Receive Regulatory Approvals for Strategic Merger, Completion Expected by September 2025
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HomeStreet, Inc. and Mechanics Bank have received regulatory approvals for their strategic merger, with completion expected around September 2, 2025. HomeStreet Bank will merge into Mechanics Bank, which will operate as a California-based banking corporation and become a wholly owned subsidiary of HomeStreet. HomeStreet will be renamed Mechanics Bancorp and remain publicly traded, pending shareholder approval and customary closing conditions.
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