Mechanics Bancorp announced the completion of its strategic merger with HomeStreet, Inc. On September 2, 2025, HomeStreet Bank officially merged with and into Mechanics Bank.
Following the completion of the merger, HomeStreet, Inc. has been renamed Mechanics Bancorp and will continue to operate as a publicly traded company under its new name. This transaction creates a larger, diversified financial institution with an expanded presence across the West Coast.
The successful integration marks a significant transformation for both entities, aiming to leverage combined strengths and market positions. This strategic move is expected to enhance shareholder value and operational efficiencies for the newly formed Mechanics Bancorp.
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