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433 Soscol Avenue
CA, 94559
United States
(707) 256-4349
Dan Aguilar

Mechanics Bank was founded in Richmond, California in 1905. Headquartered in Walnut Creek, California, today the Bank operates a network of 35 retail banking branches, as well as regional commercial lending and wealth management offices throughout the state of California. It is the largest bank headquartered in the San Francisco Bay Area's East Bay region, serving tens of thousands of individual clients and thousands of small and middle-market businesses with a variety of personal banking, business banking, trust and estate solutions, brokerage and wealth management services.

News Archive

Mechanics Bank Receives 'Outstanding' Community Reinvestment Act (CRA) Rating
12 July, 2019

WALNUT CREEK, CA – July 1, 2019 – Mechanics Bank announced today that it has received a rating of ‘Outstanding’ from the Federal Deposit Insurance Corporation (FDIC) for the Bank’s most recent Community Reinvestment Act (CRA) examination period of May 2016 through April 2019.  The exam rating included Performance Test results of ‘Outstanding’ in the Investment and Service Test areas, and a rating of ‘High Satisfactory’ in the Lending Test category. 

“I could not be more proud of our organization” said John DeCero, President and CEO of Mechanics Bank. “It is my understanding that very few banks nationwide receive such a lofty rating.  We are a Community Bank and we have always taken our local commitment very seriously; it is just part of who we are.  It is also nice to be recognized for all of the time and energy our employees invest in supporting and enhancing our communities. It is a great reflection of their efforts and we look forward to continuing to build on that success.”

The CRA exam evaluates the Bank’s ability to help meet the credit needs of the communities in which it operates and requires that each insured depository institution’s record in helping meet those needs be evaluated periodically.  Mechanics Bank now enters a new three-year exam period, which concludes in the Spring of 2022.

CRA Performance Highlights and Activities 

  • Mechanics Bank made 67 Community Development loans totaling $176.9 million:
    • Multi-family affordable housing lending in the San Francisco, Los Angeles and Sacramento assessment areas
    • Revolving lines of credit to a Community Development Financial Institution providing micro-loans in the San Francisco assessment area, and a non-profit health center that serves low to moderate-income farmworkers in Napa
    • Small dollar loan products (as low as $500) to help low to moderate-income individuals break the costly cycle of payday lending
  • Mechanics Bank made $122.4 million in Community Development Investments: 
    • 666 grants and donations for $2.1 million, given to nonprofit organizations supporting the communities where employees live and work.
    • Mortgage-backed securities consisting of mortgages for low to moderate-income borrowers
    • Disaster relief for wildfire victims totaling over $95,000
    • 37 down payment and closing cost loans in the amount of $538,000 for first-time homebuyers, which are forgivable after five years 
    • Investments in the form of Certificates of Deposits in minority owned financial institutions
    • Equity Equivalent Investments (EQ2) in Community Development Financial Institutions that provide micro-loans to small and minority owned businesses, and to those that offer foreclosure prevention assistance
  • Mechanics Bank is a leader in providing Community Development Services:
    • Bank officers and staff provided 734 instances of financial expertise or technical assistance totaling 3,284 volunteer hours
    • Through the Bank’s contract with EverFi, a financial literacy provider, we have provided six Title 1 schools located in Contra Costa County with 2,213 hours of financial literacy to 630 students.  Twenty-eight adults have taken the financial literacy courses offered through the Bank’s website.
    • Employees provided employment training and financial literacy for low to moderate-income individuals that included the homeless and those recently released from prison
    • Bank employees provided training for youth seeking employment in the financial services industry 

The full CRA Performance Evaluation is posted to the Bank’s public file located on the Mechanics Bank website at

Mechanics Bank and Rabobank, N.A. Announce Strategic Business Combination Transaction
15 March, 2019

WALNUT CREEK, Calif. and ROSEVILLE, Calif. — March 15, 2019 — Mechanics Bank (OTCBB: MCHB) and Rabobank, N.A., a subsidiary of Rabobank Group, today announced that Mechanics Bank and Rabobank Group have entered into a definitive agreement pursuant to which Mechanics Bank will acquire Rabobank, N.A. in a strategic business combination transaction. The transaction has been approved by each party’s authorizing board of directors.

Mechanics Bank is a 114-year-old full-service community bank based in Walnut Creek, California, with 44 branches throughout California and more than $6 billion in assets.  Headquartered in Roseville, California, Rabobank, N.A. is a nationally chartered bank with 100 branches and more than $13 billion in assets. The combined entity would operate under the Mechanics Bank name with 144 branches and in excess of $17 billion in total assets.

In the transaction, Mechanics will acquire Rabobank, N.A.’s retail, business banking, commercial real estate, mortgage, and wealth management businesses.  Not included in the transaction are Rabobank, N.A.’s food and agribusiness assets, which with limited exceptions will transfer to Rabobank, N.A.’s affiliate, Rabo AgriFinance located in St Louis, Missouri.

Total consideration for the transaction will be approximately $2.1 billion, subject to customary purchase price adjustments at closing.  As part of the total consideration payable in the transaction, Rabobank Group will receive 9.9% of the outstanding shares of Mechanics Bank after giving effect to the transaction.  Currently, 79% of Mechanics Bank’s outstanding shares are owned by Ford Financial Fund II. 

“Bringing Rabobank, N.A. together with Mechanics Bank gives us a great opportunity to fill an established gap between the big banks and smaller community banks throughout the state,” said John DeCero, President and CEO of Mechanics Bank.  “We are two established institutions with values and principles that align closely.  There’s very little geographic overlap and significant potential for value creation for both parties to this combination, and we believe that the new Mechanics Bank will be able to leverage our common strengths at a scale that will benefit all of our clients, our shareholders, and the communities we serve.”

“This is a unique opportunity to merge two high-performing consumer and commercial banks with common values and deep roots in California,” said Mark Borrecco, CEO of Rabobank, N.A.  “Both organizations take pride in putting their customers first and possess a strong sense of community.”

Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals.  The transaction is expected to close in the third quarter of 2019. Customers of both banks should continue to do business with their current bankers, and expect little to change as the two organizations prepare to combine.

Lazard Freres & Co. LLC served as financial advisor to Rabobank, N.A., and Sullivan & Cromwell LLP served as legal advisor.  Wachtell, Lipton, Rosen & Katz served as legal advisor for Mechanics Bank, and Credit Suisse Securities (USA) LLC served as financial advisor. 

About Mechanics Bank

Established in 1905, Mechanics Bank is an independent, full service community bank, based in Walnut Creek, California.  With more than $6 billion in assets, it is the largest bank headquartered in Northern California’s East Bay region, with 43 branch offices throughout California and one in Medford, Oregon. Mechanics Bank provides a highly personalized relationship banking experience that includes consumer and business banking services, commercial lending, cash management services, and comprehensive trust, investment and wealth management services.  Mechanics Bank is a Member FDIC institution and Equal Housing Lender.  More information may be found at

About Rabobank, N.A.

Rabobank, N.A. (National Association) is a nationally chartered bank serving California communities grounded in agriculture.  Headquartered in Roseville, California, and with more than $13 billion in assets, Rabobank provides a wide range of financial products and services for individual, business, and food-andagribusiness customers.  Its 100 branches, multi-function ATMs, and online and mobile banking resources empower Californians to bank when, where and how they want.  Committed to service, Rabobank’s more than 1,500 employees take pride in improving their communities personally and professionally.  Rabobank, N.A. is a Member FDIC and Equal Housing Lender. Visit

Forward-Looking Statements

The information presented herein contains forward-looking statements giving Mechanics Bank’s and Rabobank, N.A.’s expectations or predictions of future financial or business performance or conditions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time.  Forward-looking statements speak only as of the date they are made and neither Mechanics Bank nor Rabobank, N.A. assumes any duty to update forward-looking statements.  Certain risks and uncertainties that could cause actual results to differ materially from forward-looking statements and historical performance include, but are not limited to, the following: ability to obtain regulatory approvals and meet other closing conditions to the transaction on the expected terms and schedule or at all; delay in closing the transaction; difficulties and delays in integrating the Mechanics Bank and Rabobank, N.A. businesses or fully realizing cost savings and other benefits; business disruption following the proposed transaction; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; Mechanics Bank and Rabobank, N.A.’s businesses experiencing disruptions due to transactionrelated uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities; economic and capital market conditions; and the impact, extent and timing of technological changes, capital management activities, and other actions of regulatory agencies.

Mechanics Bank Donates $100,000 to the Fairchild Medical Center Foundation
08 February, 2019

Mechanics Bank has donated $100,000 to the Fairchild Medical Center Foundation to help continue the foundation's special community events and education programs. We are proud to support such an outstanding organization in our community!


Mechanics Bank Donates $25,000 to Shasta Regional Community Foundation for Carr Fire Victim Relief
14 September, 2018


Mechanics Bank, who recently acquired Scott Valley Bank, has donated $25,000 to the Shasta Regional Community Foundation’s (SRCF) fire relief effort for victims of the Carr Fire.

“The Carr Fire in Redding has had a devastating impact on the community,” says John DeCero, Mechanics Bank President and CEO. “We recognize that the effects will linger well into the future. We are standing behind this community, with faith in its resilience, strength and determination to get back on its feet after almost unthinkable loss. We’re here for them, and will continue to be here as the community recovers.”

Kerry Caranci, Chief Executive Officer of SRCF, says the organization has enabled its Disaster Relief Fund to accept donations towards the short and long-term recovery of neighbors and partners. The link for donations can be found on the Community Foundation’s website. The fund was initially established after the 2014 Boles Fire in Weed, CA to accept donations in response to fires and natural disasters that may affect the North State. Currently, donations will be directed for relief efforts for the active Carr Fire that began west of the Redding area.

“We’re humbled by the generosity shown by Mechanics Bank and all the donations we’ve seen for the recovery efforts in our entire community,” says Ms. Caranci.

The Community Foundation grants to nonprofit and government stakeholders to ensure that funds flow quickly to those most in need and establishes safeguards to secure proper distribution of the funds.

Questions and more information about this fund are available by contacting Ms. Caranci at 530-355-8652 or the Siskiyou County office at 530-925-3313.

About Shasta Regional Community Foundation 

The Shasta Regional Community Foundation is a resource building organization in Shasta and Siskiyou counties dedicated to promoting philanthropy by connecting people who care with causes that matter. Since 2000, the Community Foundation has awarded over $23,000,000 in grants to area nonprofit organizations. For more information, call the Shasta Regional Community Foundation at (530) 244-1219 or visit

About Mechanics Bank

Established in 1905, Mechanics Bank is an independent, full service community bank. With more than $5.7 billion in assets, it is the largest bank headquartered in Northern California’s East Bay region, with 45 branch offices throughout California and Oregon. They provide a highly personalized relationship banking experience that includes consumer and business banking services, commercial lending, cash management services, and comprehensive trust, wealth management and private banking services. The acquisition of Learner Financial and Scott Valley Bank which closed on May 1, 2018 added assets of approximately $692 million, as well as the 11 branch offices serving Shasta and Siskiyou Counties, Southern Oregon and the Portland area. More information may be found at

26 October, 2017







WALNUT CREEK, CA—October 24, 2017—Mechanics Bank (OTC: MCHB) today announced a major commitment to help with the recovery and rebuilding of Napa Valley and Sonoma County communities impacted by the recent fires, and to provide an immediate $50,000 donation for relief to families that have suffered.

“Although the majority of Napa and Sonoma were untouched by the fires, the degree of devastation in the affected areas is just stunning,” says Carl Webb, Chairman of the 112-year-old community bank. “Seeing firsthand the pain and loss that has been inflicted on our neighbors, our hearts go out to them. We are committed to taking an active role in their full recovery and in rebuilding. To that end, we have allocated a quarter of a billion dollars of our balance sheet specifically for this effort.”

“Mechanics Bank has a long history of working with our communities from the Great Depression to earthquakes,” says Michael Downer, Vice Chairman and great grandson of the bank’s founder. “I’ve lived in Napa for nearly 30 years and feel lucky to call it home. Our family roots are now four generations in Napa and Sonoma with customers, friends and employees. While the losses are heartbreaking, our community is resilient and will rebuild. We will be here to help individuals, small businesses, and non-profits today, tomorrow and in the future.”  

Mechanics Bank is also making an immediate donation of $50,000 in the form of $500 each to 100 families identified by the local charity organization, Puertas Abiertas as emergency funds for each family to individually cope with the crisis. “We are humbled and very thankful for this donation. This assistance will go to those most in need, those who desperately can use the help in rebuilding their lives. Many of our families have lost jobs, housing and emotional stability; we, Puertas Abiertas CRC, will continue to work hand in hand with these families for a brighter future,” says Josefina Hurtado, Executive Director. Puertas Abiertas (Open Doors) Community Resource Center in Napa works with Latinos to inspire and achieve healthy living, self-sufficiency, and opportunities for leadership and community engagement. 

John DeCero, CEO of Mechanics Bank, added, “We will continue to support and work with our great nonprofit partners who are the backbone of these communities. We’ll also be working very closely with local government officials, local business leaders, insurance companies and construction companies that will all be critical to the recovery effort. We’re developing a plan over the next several months for how to best deploy the loan funds in a way that will directly benefit Napa and Sonoma—plans that will include creative and flexible terms, favorable pricing, and a streamlined approval process with a dedicated team to assist residents and businesses through the application and rebuilding process.”


About Mechanics Bank

Mechanics Bank, established in 1905, is an independent, full service community bank. With more than $5.6 billion in assets, it is the largest bank headquartered in Northern California’s East Bay region. With 35 branch offices throughout Northern and Southern California it provides a highly personalized relationship banking experience that includes consumer and business banking services, commercial lending, commercial deposit and cash management services, and comprehensive trust, wealth management and private banking services. More information may be found at


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Hatti Hamlin


Title Name Email Phone
SVP Dan Aguilar 707-256-4349
VP Debbie Watson
VP Samantha Foster Samantha_Foster@MechanicsBank.