Bank holding company HomeStreet (NASDAQ:HMST) is set to be acquired by the 120-year-old community bank Mechanics in an all-stock deal. HMST shares were trading +10.65% Monday pre-market at $10.29.

(NASDAQ: HMST) and Mechanics Bank is fair to HomeStreet shareholders. The proposed transaction values HomeStreet at a pre-transaction estimated equity value of $300 million. Upon completion of the ...