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.
- Industry
- Financial Services
- Location
- Washington, United States
- Transaction Type
- Buyout
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