Brief: Mechanics Bank And Homestreet, Inc. Announce Strategic Merger
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 Further company coverage: HMST.O ((Reuters.Briefs@thomsonreuters.com;))