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 ...

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 ...

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

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

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

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 ...

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

HomeStreet and Walnut Creek, California-based Mechanics Bank on Monday announced plans to merge in an all-stock sale the banks expect to close in the third quarter. If the deal goes through ...

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 ...