M&A · Financials · Buyer's industry: State Commercial Banks
HomeStreet, Inc. to acquire Mechanics Bank
Announced Mar 31, 2025 · Closed Sep 2, 2025 · Private target
Deal value$300M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- HomeStreet, Inc. (MCHB)
- Target
- Mechanics Bank
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Sep 2, 2025
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- JPMorgan, Stifel
- To the target
- Not disclosed
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks