Bank holding company HomeStreet (NASDAQ:HMST) is set to be acquired by the 120-year-old community bank Mechanics in an all-stock deal. HMST shares were trading +10.65% Monday pre-market at $10.29. The ...

HomeStreet scrapped merger plans with FirstSun last year after the deal stalled over concerns about exposure to commercial ...

WALNUT CREEK, Calif. & SEATTLE--(BUSINESS WIRE)--Mechanics Bank and HomeStreet, Inc. (NASDAQ: HMST) (“HomeStreet”), the holding company of HomeStreet Bank ...

The deal was highly vetted with regulators following the publicly traded company's failure to obtain approval in a past agreement, an executive said.

Mechanics Bank and HomeStreet have announced an all-stock merger, which will create a combined entity with $23bn in assets and168 branches. The deal values HomeStreet at $300m and Mechanics Bank ...

Under the terms of the agreement, HomeStreet Bank will be merged with Mechanics Bank and be renamed as Mechanics Bancorp by Q3 2025.

Mechanics Bank is leveraging its financial strength in reaching a definitive merger agreement with the Seattle-based parent of HomeStreet Bank, expanding the California bank’s branch network ...

HomeStreet has about $8 billion in assets and 56 branches, so the new company to be created will have about $25 billion in assets and 168 branches. Existing Mechanics Bank shareholders will ...

SEATTLE, March 31, 2025--(BUSINESS WIRE)--Mechanics Bank and HomeStreet, Inc. (NASDAQ: HMST) ("HomeStreet"), the holding company of HomeStreet Bank, jointly announced today that they have entered ...

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Combination will create the premier, publicly-traded West Coast bank The transaction values HomeStreet at a pre-transaction estimated equity value of $300 million and Mechanics Bank at a pre ...