Acquiring Company
Mechanics Bancorp
Acquired Company
HomeStreet
Walnut CreekFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Mechanics Bank has successfully completed its strategic merger with HomeStreet Bank, significantly expanding its presence on the West Coast. The merger results in a combined company with 166 branches and over $22 billion in assets. Mechanics Bank aims to create the premier community bank in the region, welcoming HomeStreet's customers and employees. This move strengthens their banking services across California, Washington, Oregon, and Hawaii.
Quick answer
Mechanics Bancorp is acquiring HomeStreet, announced September 2, 2025. Mechanics Bancorp is based in Walnut Creek, California, United States.
- How much did Mechanics Bancorp pay for HomeStreet?
- 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 based?
- Mechanics Bancorp is based in Walnut Creek, 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.
- Civista Bancshares to merge with Farmers Savings Bank (October 14, 2025)
- 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 acquires HomeStreet Bank branch (August 19, 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?
HomeStreet was acquired by Mechanics Bancorp, based in Walnut Creek. The deal was reported on September 2, 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?
Mechanics Bancorp's acquisition of HomeStreet was reported on September 2, 2025. Mechanics Bank has successfully completed its strategic merger with HomeStreet Bank, significantly expanding its presence on the West Coast. The merger results in a combined company with 166 branches and over $22 billion in assets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HomeStreet do?
HomeStreet, Inc., (Nasdaq: HMST) headquartered in Seattle, Washington, operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. It is privately held, operating in Financial Services.
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