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

Mechanics Bank plans to maintain its program of paying out about 90% of its earnings as cash dividends, which implies a ...

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 ...

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.

The deal is advantageous for both banks, with Mechanics acquiring at a discount and HomeStreet mitigating the risk of further decline amid market turmoil. The merger creates a combined entity with ...

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

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 ...

HomeStreet has found a landing spot. The bank will merge into Walnut Creek, California-based Mechanics Bank in a transaction that values the Seattle-based lender at around $300 million.

HomeStreet ( ($HMST) ) just unveiled an announcement. On March 28, 2025, HomeStreet, Inc. and Mechanics Bank entered into a merger agreement for ...

Combination will create the premier, publicly-traded West Coast bank WALNUT CREEK, Calif. & SEATTLE, March 31, 2025--(BUSINESS WIRE)--Mechanics Bank and HomeStreet, Inc. (NASDAQ: HMST) ("HomeStreet"), ...