Mechanics Bank Completes Merger with HomeStreet Bank, Expanding West Coast Presence
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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.
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