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Patricia Cochran

Director at HMST
Board

About Patricia Cochran

HomeStreet’s latest proxy (DEF 14A filed April 15, 2025) lists eight director nominees, and none is named “Patricia Cochran.” The nominees are: Mark K. Mason, Scott M. Boggs, Sandra A. Cavanaugh, Jeffrey D. Green, Joanne R. Harrell, James R. Mitchell, Jr., Nancy D. Pellegrino, and S. Craig Tompkins; seven of eight are independent directors . The 2023 proxy likewise shows no director named “Patricia Cochran” among the board nominees . Therefore, there is no evidence in HMST’s proxies that a director named Patricia Cochran served on HomeStreet’s board as of the latest filings.

Note: On Sept. 2, 2025, HomeStreet, Inc. completed a merger and the former HMST equity began trading as Mechanics Bancorp (“MCHB”), with Mechanics Bank as the accounting acquirer; governance and board composition transitioned accordingly .

Past Roles

  • No HMST filing identifies a director named “Patricia Cochran,” so there are no disclosed HMST-related past roles for this individual .

External Roles

  • No HMST filing identifies a director named “Patricia Cochran,” so there are no disclosed external directorships or committee roles for this individual in HMST’s proxy materials .

Board Governance

  • Board composition and independence (context): Seven of eight directors were independent; a Lead Independent Director role is in place with clearly defined responsibilities .
  • Committees (context): HMST maintained Audit, Enterprise Risk Management (ERM), Compensation, Nominating & Governance (N&G), and Executive Committees; all except the Executive Committee were composed entirely of independent directors .
  • Attendance (context): Each current director attended at least 75% of meetings in 2024 .

Fixed Compensation

  • There is no director-specific compensation disclosure for “Patricia Cochran” at HMST because she is not listed as a director in the proxy .
  • Context (program-level): In 2024, HMST non‑employee directors received an annual retainer of $130,000 (cash); committee chair retainers: $20,000 (Audit) and $15,000 (Compensation, N&G, ERM); Lead Independent Director: $30,000; Executive Committee members: $10,000 .

Performance Compensation

  • No director-specific equity or performance awards are disclosed for “Patricia Cochran,” as she is not listed as a director in HMST’s proxy .

Other Directorships & Interlocks

  • No HMST proxy disclosure exists for “Patricia Cochran” and thus no interlocks or other public company directorships are reported for her by HMST .

Expertise & Qualifications

  • Not disclosed at HMST for “Patricia Cochran” (no listing as a director) .

Equity Ownership

  • No beneficial ownership or stock holdings are disclosed at HMST for “Patricia Cochran,” as she is not identified as a director in the proxy statements .

Governance Assessment

  • Signal: No evidence in HMST’s 2023 or 2025 proxy statements that a person named “Patricia Cochran” served as a director; analysts should treat asserted references to such a directorship as unsubstantiated pending a Form 8‑K (Item 5.02) or updated proxy naming her .
  • Board quality (context): HMST’s governance framework featured high independence, robust committee structure, majority voting for directors, stock ownership guidelines for directors, and at least 75% attendance in 2024—positives for investor confidence .
  • Structural change: The Sept. 2, 2025 merger reconstituted the public company as Mechanics Bancorp (“MCHB”), with implications for board composition; any current diligence on director identities should reference MCHB filings post‑merger .

Red flags and data gaps:

  • Identity gap: No proxy or 8‑K evidence that “Patricia Cochran” is or was an HMST director; this is a critical verification failure from a governance diligence perspective .
  • Post‑merger transition: Governance oversight moved to Mechanics Bancorp; rely on MCHB disclosures for current director rosters and committee assignments post‑Sept. 2, 2025 .

Recommended next steps:

  • Monitor and review any HMST/MCHB Item 5.02 8‑K filings and the next proxy for appointments that could include a director named “Patricia Cochran” .
  • Contact IR if necessary to clarify board history and confirm whether any similarly named individual served on the bank subsidiary board or advisory bodies not captured in the parent proxy .