Merger triggers Mechanics Bancorp (HMST) board change and renaming

Rhea-AI Filing Summary

Mechanics Bancorp, formerly HomeStreet, Inc., reported that director Scott M. Boggs resigned from the board in connection with the company’s merger with Mechanics Bank. The resignation became effective at the time the merger closed on September 2, 2025, under the Agreement and Plan of Merger dated March 28, 2025. Following this change, Boggs is no longer subject to Section 16 reporting rules for trades in the company’s equity, so future transactions will not appear on Forms 4 or 5. As part of the same merger, HomeStreet, Inc. was renamed Mechanics Bancorp, reflecting the combined organization.

Form 4 Insider Transactions: What Each Field Means →

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

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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^*

BOGGS SCOTT M

(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 his 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 Scott M. Boggs	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 the latest Form 4 for HMST disclose about Mechanics Bancorp?

The Form 4 explains that Scott M. Boggs resigned as a director of Mechanics Bancorp (formerly HomeStreet, Inc.) in connection with its merger with Mechanics Bank, effective when the merger closed on September 2, 2025.

Why did Scott M. Boggs resign from the Mechanics Bancorp board?

His 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 took effect at the merger’s effective time on September 2, 2025.

Is Scott M. Boggs still subject to Section 16 reporting for HMST?

No. Because he resigned as a director at the time of the merger closing, the filing states that he is no longer subject to Section 16 for transactions in Mechanics Bancorp equity and will no longer report such transactions on Forms 4 or 5.

What corporate name change is described for HMST in this Form 4?

The document notes that, pursuant to the merger agreement, HomeStreet, Inc. was renamed Mechanics Bancorp after completion of the merger with Mechanics Bank.

Does this HMST Form 4 list any stock transactions for Scott M. Boggs?

The filing centers on his resignation and change in reporting status. The transaction tables do not show specific equity securities acquired or disposed of in this excerpt.

What merger agreement is referenced in the Mechanics Bancorp Form 4?

The Form 4 cites the Agreement and Plan of Merger dated March 28, 2025 among HomeStreet, Inc., HomeStreet Bank (a subsidiary of HomeStreet, Inc.), and Mechanics Bank, which led to the merger closing on September 2, 2025.