Business
Mechanics Bank merges with HomeStreet Bank
Mechanics Bank merges with HomeStreet
About this update from Mechanics Bancorp
Mechanics Bancorp , based in the Walnut Creek, California , has completed its merger with HomeStreet Bank . The combined company will have 166 branches in California , Washington , Oregon and Hawaii , according to a press release. The combined bank has more than $22 billion in assets. Through the merger agreement, HomeStreet Bank merged with and into Mechanics Bank . "We are pleased to close this transaction and create the premier community bank on the West Coast with our presence now spanning from San Diego to Seattle ," Carl B. Webb , executive chairman of Mechanics Bancorp , said in the release. "We extend a warm welcome to HomeStreet's customers and employees and look forward to serving the communities of the Pacific Northwest and Hawaii ." Copyright © 2025 Networld Media. All rights reserved., source Industry News