STOCK TITAN

Mechanics Bancorp (HMST) director Harrell steps down after merger closes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Mechanics Bancorp filed a Form 4 noting that director Joanne R. Harrell resigned from the board at the time a merger closed on September 2, 2025. The resignation occurred under the Agreement and Plan of Merger dated March 28, 2025 among HomeStreet, Inc., HomeStreet Bank and Mechanics Bank.

Following the merger, HomeStreet, Inc. was renamed Mechanics Bancorp. Because Harrell is no longer a director, she is no longer subject to Section 16 reporting for trades in the company’s equity and will not file future Forms 4 or 5 for this issuer.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Harrell Joanne R

(Last) (First) (Middle)
601 UNION STREET
SUITE 2000

(Street)
SEATTLE WA 98101

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Mechanics Bancorp [ HMST ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Remarks:
The Reporting Person resigned as a Director of the Issuer in accordance with the terms of the Agreement and Plan of Merger, dated as of March 28, 2025, among HomeStreet, Inc., HomeStreet Bank, a subsidiary of HomeStreet, Inc., and Mechanics Bank (the "Merger Agreement") with such resignation effective as of the effective time of the merger which occurred on September 2, 2025. As a result, the Reporting Person is no longer subject to Section 16 in connection with her transactions in the equity securities of the Issuer and therefore will no longer report any such transactions on Form 4 or Form 5. Pursuant to the Merger Agreement, HomeStreet, Inc. was renamed to Mechanics Bancorp.
/s/ Godfrey B. Evans, Attorney in fact for Joanne R. Harrell 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does this Form 4 for HMST disclose about Joanne R. Harrell?

It discloses that Joanne R. Harrell, previously a director of Mechanics Bancorp, resigned from the board effective at the time the merger closed on September 2, 2025.

Why did Joanne R. Harrell resign from the Mechanics Bancorp (HMST) board?

Her resignation was made in accordance with the Agreement and Plan of Merger dated March 28, 2025 among HomeStreet, Inc., HomeStreet Bank and Mechanics Bank, and became effective at the merger’s effective time.

Are there any stock transactions reported for HMST in this Form 4?

No. The Form 4 contains explanatory remarks about Harrell’s resignation and Section 16 status, but does not list any acquisitions or disposals of HMST equity securities.

Will Joanne R. Harrell file future Forms 4 or 5 for Mechanics Bancorp (HMST)?

The filing states that because she is no longer a director, she is no longer subject to Section 16 for this issuer and therefore will no longer report transactions on Form 4 or Form 5.