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After failed merger last year, HomeStreet tries again with California bank

Summary by The Business Journals
If the deal goes through, HomeStreet Bank would adopt a new name and its holding company, HomeStreet, would remain publicly traded.

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The Business JournalsThe Business Journals
Center

After failed merger last year, HomeStreet tries again with California bank

If the deal goes through, HomeStreet Bank would adopt a new name and its holding company, HomeStreet, would remain publicly traded.

·United States
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bankingdive.combankingdive.com
Center

HomeStreet to merge with California’s Mechanics Bank

The deal, set to close in the third quarter, values the Seattle lender at $300 million. The offer comes about four months after HomeStreet’s proposed tie-up with FirstSun collapsed.

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The Victoria AdvocateThe Victoria Advocate
Lean Left

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of HomeStreet, Inc.

NEW YORK, March 31, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by HomeStreet, Inc. (NASDAQ: HMST) and its board of directors concerning the proposed acquisition of the company by Mechanics Bank. HomeStreet stockholders will own…

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americanbankingnews.comamericanbankingnews.com

HomeStreet (NASDAQ:HMST) Stock Price Expected to Rise, Piper Sandler Analyst Says

HomeStreet (NASDAQ:HMST – Free Report) had its price target hoisted by Piper Sandler from $10.00 to $14.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock. Several other analysts have also weighed in on the stock. Wedbush raised their price objective on shares […]

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HousingWireHousingWire

Homestreet enters agreement to merge with Mechanics Bank

Mechanics Bank and HomeStreet Inc. announced Monday that they’ve entered into a definitive merger agreement, which provides for an all-stock business transaction between the two entities. Under the terms of the merger — which was unanimously approved by the boards of directors of both companies — HomeStreet Bank will be merged with and into Mechanics Bank. Homestreet will be renamed as Mechanics Bancorp and remain a publicly traded company upon …

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Retail Banker InternationalRetail Banker International

Mechanics Bank, HomeStreet agree on merger

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 at $3.3bn in equity. It will see HomeStreet Bank merging with and into Mechanics Bank, which will become a fully owned subsidiary of HomeStreet. HomeStreet will be renamed Mechanics Bancorp post-merger, while remaining publicly traded. Post-merger, HomeS…

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American Banker broke the news in on Monday, March 31, 2025.
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