(NASDAQ:MCHB) WALNUT CREEK, Calif.--(BUSINESS WIRE)--Mechanics Bancorp (NASDAQ: MCHB), the holding company of Mechanics Bank, today announced the completion of the previously announced strategic merger (the “Merger”) between Mechanics Bank and HomeStreet Bank (“HomeStreet”). The transaction significantly expands the West Coast footprint of 120-year-old Mechanics Bank, creating a combined company with 166 branches across California, Washington, Oregon and Hawaii and over $22 billion in assets. “We are pleased
Related Questions
What valuation multiples are implied by the merger and how do they compare to peers in the regional banking sector?
How will the combined entity's expanded geographic footprint affect its revenue growth and cost synergies in the short to medium term?
What are the potential regulatory or integration risks that could impact the merged company's earnings and share price volatility?