Mechanics Bancorp 8-K, filed Feb 13, 2023
Mechanics Bancorp (MCHB)
8-K
2023-02-13
For: 2023-02-10
View Original
Added on
April 07, 2026
About this 8-K
Mechanics Bancorp filed this 8-K on February 13, 2023, reporting on events of February 10, 2023.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 10, 2023
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
(206 ) 623-3050
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Securities registered pursuant to Section 12(b) of the Act: | ||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Emerging growth Company | |||||
| ☐ | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 12(a) of the Exchange Act. | ||||
| Item 8.01 | Other Events | ||||
On February 13, 2023, HomeStreet Bank (the "Bank") a wholly owned subsidiary of HomeStreet, Inc. (the "Company") announced the completion of the purchase of three former MUFG Union Bank, N.A. branches in Southern California. The acquisition included deposits, customer relationships, related loans, owned real estate and fixed assets associated with the branches. We also retained the employees of the branches. As part of the purchase agreement, HomeStreet assumed approximately $400 million in deposits and purchased $22 million in loans.
A press release issued by HomeStreet Bank announcing the completion of the purchase is attached as Exhibit 99.1
| Item 9.01 | Financial Statements and Exhibits | ||||
| (d) | Exhibits. | ||||
| Exhibit 99.1 | |||||
| Exhibit 104 | Cover Page Interactive Data File (embedded within with Inline XBRL) | ||||
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 13, 2023
| HomeStreet, Inc. | |||||||||||
| By: | /s/ John M. Michel | ||||||||||
| John M. Michel | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||
HomeStreet Announces Completion of the
Purchase of Southern California Branches
SEATTLE –February 13, 2023 – HomeStreet, Inc. (Nasdaq: HMST) (“HomeStreet”), the parent company of HomeStreet Bank (the “Bank” and together with HomeStreet, the “Company”), announced the completion of the purchase of three former MUFG Union Bank, N.A. branches in Southern California.
“We are excited to welcome the employees and customers of these branches to HomeStreet Bank,” said Mark K. Mason, HomeStreet’s Chairman of the Board, President, and Chief Executive Officer. “The addition of these three branches now brings HomeStreet’s total number of branches in Southern California to 20, including four in San Bernardino County. Additionally, this acquisition will increase our customer base by approximately 24,000 accounts. We have an outstanding record of customer service and community involvement, and we look forward to having a positive impact on the new customers and communities we will be serving.”
The acquisition included deposits, customer relationships, related loans, owned real estate and fixed assets associated with the branches. We also retained the employees of the branches. As part of the purchase agreement, HomeStreet assumed approximately $400 million in deposits and purchased $22 million in loans.
About HomeStreet, Inc.
HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. HomeStreet Bank is the winner of the 2022 "Best Small Bank" in Washington Newsweek magazine award. Certain information about our business can be found on our investor relations web site, located at http://ir.homestreet.com. HomeStreet Bank is a member of the FDIC and an Equal Housing Lender.
Contacts:
Executive Vice President and Chief Financial Officer:
HomeStreet, Inc.
John Michel (206) 515-2291
john.michel@homestreet.com
http://ir.homestreet.com
or
Media Relations:
Misty Ford, (206) 876-5506
misty.ford@homestreet.com