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Business & Economics

Mechanics Bank, HomeStreet agree on merger

GlobalData
Summary
Nutrition label

79% Informative

Deal will see HomeStreet Bank merging with and into Mechanics Bank , which will become a fully owned subsidiary of HomeStreet .

Post-merger, HomeStreet shareholders are expected to own about 8.3% of the combined entity.

Deal values HomeStreet at $ 300 m and Mechanics Bank at $ 3.3bn in equity.

VR Score

75

Informative language

70

Neutral language

75

Article tone

formal

Language

English

Language complexity

63

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

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