Brief: Mechanics Bank And Homestreet, Inc. Announce Strategic Merger

Mechanics Bancorp

31/03/2025 12:03

March 31 (Reuters) - HomeStreet Inc HMST.O:

MECHANICS BANK AND HOMESTREET, INC. ANNOUNCE STRATEGIC MERGER

HOMESTREET-DEAL VALUES HOMESTREET AT PRE-TRANSACTION ESTIMATED EQUITY VALUE $300 MILLION, MECHANICS BANK AT PRE-DEAL ESTIMATED EQUITY VALUE $3.3 BILLION

HOMESTREET- UPON COMPLETION OF MERGER, EXISTING HOMESTREET SHAREHOLDERS EXPECTED TO OWN ABOUT 8.3% OF COMBINED CO

Source text: ID:nBw7phFh5a

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