Acquiring Company
Mechanics Bancorp
Acquired Company
HomeStreet Bank
Walnut CreekPasadenaFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Mechanics Bank will rebrand the HomeStreet Bank branch in Pasadena following a recent merger. This acquisition will enhance Mechanics Bank's presence and service offerings in the area. Both banks aim to continue providing high-quality banking services to their customers. The transition is expected to be seamless for existing customers.
Quick answer
Mechanics Bancorp is acquiring HomeStreet Bank, announced August 19, 2025. Mechanics Bancorp is based in Walnut Creek, California, United States.
- How much did Mechanics Bancorp pay for HomeStreet Bank?
- The deal value was not disclosed.
- What does Mechanics Bancorp do?
- Mechanics Bancorp is the holding company for Mechanics Bank, which is a community-focused bank operating in the West Coast.
- Where are Mechanics Bancorp and HomeStreet Bank based?
- Mechanics Bancorp is based in Walnut Creek, California, United States. HomeStreet Bank is based in Pasadena, California, United States.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Citizens & Northern merges with Susquehanna (October 1, 2025)
- Jack Henry acquires Victor Technologies for PaaS (October 1, 2025)
- QNB Corp. to acquire The Victory Bancorp, Inc. (September 23, 2025)
- Citizens & Northern to merge with Susquehanna (September 22, 2025)
- Mechanics Bank merges with HomeStreet, Inc. (September 2, 2025)
- Pacific Premier acquires Columbia Banking (August 6, 2025)
Who to call at Mechanics Bancorp, and when
When Mechanics Bancorp changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Mechanics Bancorp raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Mechanics Bancorp, from your own LinkedIn network
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Fundz sees it the moment Mechanics Bancorp makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired HomeStreet Bank?
HomeStreet Bank was acquired by Mechanics Bancorp, based in Walnut Creek. The deal was reported on August 19, 2025. Mechanics Bancorp is the holding company for Mechanics Bank, which is a community-focused bank operating in the West Coast. The bank has a footprint with 166 branches and approximately $22.7 billion in assets. Mechanics Bancorp is publicly traded (MCHB) and operates in Financial Services.
When did Mechanics Bancorp acquire HomeStreet Bank?
Mechanics Bancorp's acquisition of HomeStreet Bank was reported on August 19, 2025. Mechanics Bank will rebrand the HomeStreet Bank branch in Pasadena following a recent merger. This acquisition will enhance Mechanics Bank's presence and service offerings in the area. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HomeStreet Bank do?
HomeStreet Bank is a regional bank based in Pasadena, California. It provides banking products and services to individuals, families, and businesses. HomeStreet specializes in home loans, commercial real estate, and business lending. It is privately held, operating in Financial Services, and is based in Pasadena.
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