Hero Mechanics Desktop

Better. Together.

HomeStreet will become Mechanics Bank beginning September 2, 2025.

Logo Banner

The merger of HomeStreet Bank and Mechanics Bank is expected to be complete on Tuesday, September 2, 2025. This merger brings together two banks that have been pillars in our respective communities for well over a century – 224 years of service combined – and presents an opportunity for us to deliver even more value to you. Here’s what you can expect:

New name. Same faces.
While our name will change to Mechanics Bank on September 2, our pledge of providing you with the highest level of personal attention and service will remain unchanged. You’ll continue to be greeted by the same familiar faces at the same convenient locations.

Enhanced resources and convenience
We’ll have a broader, more convenient West Coast network of banking centers – 166 in all – throughout Western Washington, Oregon, California, and Hawaii. We’ll have even more capacity and resources to meet your evolving banking and lending needs.

Continued focus on safety and soundness
Perhaps most importantly, we expect Mechanics Bank will continue to be among the strongest, safest, and most resilient banks in the nation following this merger, with capital significantly exceeding the industry’s regulatory requirements and with exceptional levels of liquidity.

 

Learn more about Mechanics Bank

Community Commitment

History & Heritage

Safety & Soundness

Frequently asked questions

 

Our merger brings together two banks that have been pillars in our respective communities for well over a century – 224 years of service combined – and presents an opportunity for us to deliver even more value to you.
You’ll enjoy a broader, more convenient network of banking centers – 166 in all – throughout Western Washington, Oregon, California and Hawaii. We’ll have even more capacity and resources to meet your evolving banking and lending needs.
Under the terms of the Merger Agreement, which was unanimously approved by the boards of directors of both companies, HomeStreet Bank will be merged with and into Mechanics Bank (the “Merger”), with Mechanics Bank surviving as a banking corporation incorporated under the laws of the State of California and as a wholly owned subsidiary of HomeStreet (the resulting holding company of Mechanics Bank following the Merger, the “combined company”). Existing shareholders of Mechanics Bank will receive common stock in HomeStreet in exchange for their Mechanics Bank shares. Upon completion of the Merger, HomeStreet will be renamed Mechanics Bancorp and remain a publicly traded company. More information is available here.
Mechanics Bank is an independent, full-service bank based in Walnut Creek, California, with $16 billion in assets, a best-in-class deposit franchise and 111 branches. Managing a transparent and simple balance sheet, Mechanics Bank values core banking and lending principles that have allowed it to withstand challenging times including the 1906 San Francisco earthquake and fire, the Great Depression, and World Wars I and II. At the onset of the Great Recession in 2008, Mechanics Bank was among the first banks in the nation to turn down the Treasury Department’s “Troubled Asset Relief Program” (TARP) assistance. Upon completion the merger, Mechanics Bank will continue to be among the strongest, safest and most resilient banks in the nation, with capital significantly exceeding the industry’s regulatory requirements, and with exceptional levels of liquidity.

The full integration of our products and services are not expected until the first quarter of 2026. For the time being, please continue banking with us just like you do today:

• Use your current HomeStreet Bank account number(s) and loan number(s)

• Use your current HomeStreet Bank routing/transit number for all transactions

• Use your same HomeStreet Bank checks, ATM/Debit Card and Visa® credit cards

• Use your usual online banking and bill payment service at HomeStreet.com until further notice

• Use your same HomeStreet mobile banking apps until further notice

• Handle all of your transactions as usual (deposits, loan payments, etc.)

• Contact your local banker or relationship manager with any questions

Yes. FDIC insurance will remain automatic and free for you as a customer. Standard FDIC insurance coverage is $250,000 per depositor, per insured bank, for each account ownership category.

As of September 2, 2025, HomeStreet Bank and Mechanics Bank are considered insured by the same depository institution (Mechanics Bank). Basic FDIC insurance coverage for deposit accounts (checking, savings, money market, and certificates of deposit [CDs]) is $250,000. If you have deposits at both banks at this time, your deposits will remain insured separately for at least six months from this date and possibly longer for CDs. This grace period gives you the opportunity to restructure your accounts, if necessary. You may also qualify for more than $250,000 in FDIC insurance coverage if you own deposit accounts in different ownership categories. Your local branch staff will be able to discuss account options and additional solutions with you to help optimize your FDIC insurance. If you have questions about FDIC insurance or would like to calculate coverage for your individual situation, please visit  www.fdic.gov/deposit/deposits.
Upon the merger’s completion, your account will be serviced by Mechanics Bank in accordance with the terms of your loan documents or credit agreement. Nothing else about your loan will change. As well, your payment mailing address, your account number and payment options will remain unchanged. You may continue to send your payments to: Mechanics Bank, P.O. Box 34610, Seattle, WA 98124-1610.  
While our name will change to Mechanics Bank, our pledge of providing you with the highest level of personal attention and service will remain unchanged. You’ll continue to be greeted by the same familiar faces at the same convenient locations.
No branches will close due to the merger. In fact, we’ll have more branches than we do today – 166 in all.
Our pledge of providing you with the highest level of personal attention and service will remain unchanged, and you’ll continue to be greeted by the same familiar faces at the same convenient locations. And for the time being, please continue banking with us just like you do today:
• Use your current HomeStreet Bank account number(s) and loan number(s)
• Use your current HomeStreet Bank routing/transit number for all transactions
• Use your same HomeStreet Bank checks, ATM/Debit Card and Visa® credit cards
• Use your usual online banking and bill payment service at HomeStreet.com until further notice
• Use your same HomeStreet mobile banking apps until further notice
• Handle all of your transactions as usual (deposits, loan payments, etc.) 
• Contact your local banker or relationship manager with any questions
Yes. Upon completion of the merger, HomeStreet Bank will become Mechanics Bank.
Yes, our devotion to our communities is unwavering. Mechanics Bank has a long and demonstrable history of identifying with the values of its communities. Since 1905, the Bank has been a reliable and trusted financial partner committed to helping consumers, businesses and communities grow and prosper.
Until further notice, please continue to access online banking, bill payment and other services at HomeStreet.com.
No. Continue using your HomeStreet mobile banking app until further notice.
The security of your personal information is our priority and we continuously work to protect your information and personal data. We use state-of-the-art security equipment and rigorous security protocols for your protection.
Please be aware that we will never call, text, or email you to ask for your password, personal information, or PIN details. If you receive a suspicious call, hang up immediately and call Customer Service at 1-800-719-8080.
Please call Customer Service at 1-800-719-8080. We’re here to help you 24/7 (except major holidays).

 

Connect with us

We're here for you—every step of the way. If you have questions, concerns, or just want to talk through what this merger means for you please don't hesitate to reach out.

Find Us

Call us at 800.719.8080

Important Notice about FDIC Insurance: As of September 2, 2025, HomeStreet Bank and Mechanics Bank are considered insured by the same depository institution (Mechanics Bank). Basic FDIC insurance coverage for deposit accounts (checking, savings, money market, and certificates of deposit [CDs]) is $250,000. If you have deposits at both banks at this time, your deposits will remain insured separately for at least six months from this date and possibly longer for CDs. This grace period gives you the opportunity to restructure your accounts, if necessary. You may also qualify for more than $250,000 in FDIC insurance coverage if you own deposit accounts in different ownership categories. Your local branch staff will be able to discuss account options and additional solutions with you to help optimize your FDIC insurance. If you have questions about FDIC insurance or would like to calculate coverage for your individual situation, please visit www.fdic.gov/deposit/deposits

This website uses cookies in order to offer you the most relevant information. Please "Accept" for optimal site performance. For more information, please visit our Privacy Policy page.