Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 388

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 388
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 statements and disclosures provided, and actual results could differ.

These unaudited interim financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the periods presented. These adjustments are of a normal recurring nature, unless otherwise disclosed in this proxy statement/prospectus/consent solicitation statement . The results of operations in the interim financial statements do not necessarily indicate the results that may be expected for the full year and should be read in conjunction with the audited consolidated financial statements and notes included in the Bank's Notes to Consolidated Financial Statements for the years ended December 31, 2024, 2023 and 2022. There have been no material changes to the Bank’s significant accounting policies as disclosed therein.

Acquisitions: Effective October 1, 2016 (the CRB Acquisition Date), the Bank completed its acquisition of California Republic Bancorp (CRB) pursuant to the Agreement and Plan of Merger and Reorganization (the CRB Agreement), dated as of April 28, 2016, between Coast Acquisition Corporation (CAC), a wholly-owned subsidiary of Mechanics Bank and into CRB (the CRB Merger), with CRB being the surviving corporation, followed by the merger of CRB with and into MB (the CRB Acquisition), with MB being the surviving corporation.

On February 12, 2018 (the SVB Acquisition Date), Gold Rush Acquisition Corporation (a wholly-owned subsidiary of Ford Financial Fund II, L.P. formed for this sole purpose), Mechanics Bank and Learner Financial Corporation, the bank holding company for Scott Valley Bank (SVB), entered into a definitive agreement for Mechanics Bank to acquire Learner Financial Corporation and its wholly-owned subsidiary, Scott Valley Bank, which acquisition (the SVB Acquisition) was completed and became effective on June 1, 2018.

On March 15, 2019, Mechanics Bank and Rabobank International Holding B.V. (Rabo), entered into a definitive agreement for Mechanics Bank to acquire Rabobank, N.A. (RNA), a subsidiary of Rabo, in a strategic business combination (the RNA Acquisition), which became effective on August 31, 2019 (the RNA Acquisition Date). For additional information, refer to Note 8, “Shareholders’ Equity and Dividend Limitations.”

Other Significant Events and Transactions: The Bank has had no significant events during the periods represented in the consolidated financial statements.

Segments: The Bank has one reportable segment: community banking.