WALNUT CREEK, Calif. & SEATTLE--(BUSINESS WIRE)--Mechanics Bank and HomeStreet, Inc. (NASDAQ: HMST) (“HomeStreet” or the “Company”), the holding company of HomeStreet Bank, jointly announced today the receipt of all required regulatory approvals for the previously announced all-stock strategic merger in which HomeStreet Bank will merge with and into Mechanics Bank (the “Merger”). Regulatory app...
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of HomeStreet, Inc. (NasdaqGS: HMST) and Mechanics Bank. Under the terms of the proposed transaction, HomeStreet shareholders are expected to own approximately 8.3% of the combined company. KSF is seekin...
HomeStreet, Inc. has improved loan portfolio diversification, enhancing resilience, amid economic uncertainties. Despite a YoY decline in net interest income, HMST's prudent loan adjustments and lower borrowings support profitability and liquidity. HMST's strong capital adequacy ratios and undervalued stock price present a compelling buy opportunity with significant upside potential.
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