Mechanics Bank Completes Strategic Merger with HomeStreet Bank

September 2, 2025

Mechanics Bancorp (the holding company of Mechanics Bank) has completed a strategic merger with HomeStreet Bank, creating a combined West Coast community bank with 166 branches and over $22 billion in assets. HomeStreet Bank merged into Mechanics Bank, and the combined banking organization will operate under Mechanics Bancorp as the holding company, expanding the franchise across California, Oregon, Washington and Hawaii.

Buyers
Mechanics Bancorp (Mechanics Bank)
Targets
HomeStreet Bank, HomeStreet, Inc.
Location
Washington, United States
Transaction Type
Buyout

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