Transition Details for All Business Deposit Accounts
Business Checking and Savings Accounts
Your current business account(s) on the former HomeStreet system is being transitioned to a new business account(s) on the Mechanics Bank system on Friday, March 20
- Your account number(s) will not change, unless we notify you directly
- The bank’s Routing Number you use now will continue to work
- Please review the Business Account Transition Guide here to identify the changes to your account
- If you are unsure of your current account name, please refer to your most recent account statement
- You may continue to use your existing HomeStreet or Mechanics Bank checks and deposit slips without interruption. However, when you order new checks or deposit slips, please use the updated Routing Number 121102036.
- Direct deposits and pre-scheduled automatic transfers to and from your accounts will continue without interruption. Automatic transfers will be posted to the account nightly on the same business day that the transfer is scheduled, or the next business day if the transfer is scheduled on a weekend or holiday.
- Your first account statement following the conversion date will reflect the title of your new Mechanics Bank product.
Analyzed Accounts
Please visit our Treasury Management General Information section for more information. Learn more
Certificates of Deposit (CDs)
There are no changes to your CD term, interest rate, payment date or payment method, however, once your CD matures, it will be subject to Mechanics Bank terms and interest calculations in effect at the time of renewal.
Account Statements
Your interim statement from Mechanics Bank will show a record of transactions through Friday, March 20, 2026 (no transactions will be processed on March 21 or 22, 2026). Thereafter, your Mechanics Bank statements will be mailed or delivered electronically at approximately the same time each month as your current statements. You will receive two separate statements in March.
- If your product name changed, you will see the new name at the top of the 2nd statement
- Although you will notice a slightly different format, the information included in your statement will be the same
- If you receive eStatements (electronic statements) with your current account, you will continue to receive them
- If you currently receive paper statements, you will continue to receive them
- If you currently receive BOTH electronic and paper statements, you will continue to receive both
- If you have any questions after you receive your Mechanics Bank statement, please call Customer Care at 800.719.8080
- If you are an analyzed client receiving paper analysis statements, these statements will only be available electronically starting March 23
Linked Overdraft Protection
If you currently have a linked account for overdraft protection, that link will be carried over on the new system. There’s no further action you need to take. You may link one account or one credit line to your Checking Account for Overdraft Protection. If multiple overdraft sources are on file, one will be designated as the primary Overdraft Protection source. To update your primary linked Overdraft Protection source, please speak with your Banker.
Wire Transfers
- For incoming wire transfers dated after Friday, March 20, 2026, please notify the senders of Mechanics Bank’s routing and transit number, which is 121102036
- Outgoing wire transfers can be made in person at your local branch
Online wire origination cut off times for Commercial Center customers are as follows. Learn more
- Online wire origination 3:30pm PT
- Online FX wire origination 1:30pm PT
ATM, Debit and Credit Cards
Your HomeStreet ATM, Debit and Credit Cards with a Visa® logo will continue to work after March 20 with no interruptions, until further notice.
- ATM-only cards (those without a Visa® logo) will also be replaced the first week of March
- Any recurring payments you make linked to your current HomeStreet Debit Card will continue uninterrupted
Account Agreement
Your deposit Account Agreement has been modified. Please review the new Business Account Agreement here. Additional copies are also available in your local branch.
Business Loan Accounts
All business loan rates, terms and conditions will remain the same.
- Your loan account number may change. If applicable, you will receive a separate mailing before March 23 with your new loan number information
- The terms of your loan are unchanged
- Loan payments should be made according to the original payment schedule to the address noted on your current billing statement
- Automatic loan payments that you currently have set up in your online banking and bill pay system will continue to be made after March 23, 2026. However, please verify that all payee and scheduled payment information is complete and accurate once you’ve logged in to the new Business Online Banking (or Commercial Center) bill pay platforms on mechanicsbank.com.
- Any automated payments made to your loan account from an existing Mechanics Bank account will be automatically updated
- If you pay your loan from a different bank account, please update your ACH information with the Mechanics Bank routing number (121102036)
Safe Deposit Boxes
Please continue to access and use your Safe Deposit Box as you normally do. Annual rental fee by box varies by size. If your fee changes, you will be contacted before your annual renewal date. Please contact your local branch for availability and pricing.
Online Banking for Businesses
HomeStreet business online banking accounts will use one of two online business banking platforms at Mechanics Bank beginning on March 23, 2026:
The majority of businesses will transition to Online Banking Plus. If your business is being transitioned to Commercial Center Online Banking, we will notify you in advance, and provide detailed information and instructions in a series of separate communications.
How do I know if I will be a Commercial Center Online Banking Client?
Business clients who streamline payables with online Automated Clearing House (ACH) transfers using the ACH Network and/or originate wire transfers online and/or use Positive Pay services will be transitioned to the new Commercial Center Online and Mobile Banking platforms.