Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 320

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 320
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 in the defense of the proceeding. A corporation may indemnify officers to the same extent as directors. 
 The WBCA permits a director of a corporation who is a party to a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

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TABLE OF CONTENTS

| Mechanics                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |     | Combined Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| made by the corporation only as authorized in the specific case upon a determination that indemnification is proper in the circumstances because the person has met the applicable standard of conduct. The CGCL provides that such indemnification is not exclusive of other indemnification that may be granted by a corporation’s bylaws, disinterested director vote, shareholder vote, agreement or otherwise.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 The CGCL does not allow a corporation to indemnify the foregoing directors, officers and other agents for: (i) any claim, issue or matter as to which the person has been adjudged to be liable to the corporation in the performance of that person’s duty to the corporation and its shareholders, unless the court in which the proceeding is or was pending will determine upon application that, in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for expenses and then only to the extent that the court determines; (ii) any amounts paid in settling or otherwise disposing of a pending action without court approval; or (iii) any expenses incurred in defending a pending action which is settled or otherwise disposed of without court approval. The CGCL provides that to the extent that a director, officer or other agent of a corporation has been successful on the merits in defense of any related proceeding or in defense of any claim, issue, or matter therein, such person will be indemnified against expenses actually and reasonably incurred by that person. 
 The Mechanics charter authorizes Mechanics to indemnify its directors, officers, employees or other agents of Mechanics to the fullest extent permitted by California law. The Mechanics bylaws provide that Mechanics must indemnify and advance expenses to each director, and each executive officer designated by the Mechanics board of directors, who was or is made a party a party, or is                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | proceeding to apply to the courts for indemnification or advance of expenses, unless the articles of incorporation provide otherwise, and the court may order indemnification or advancement of expenses under certain circumstances set forth in the statute. The WBCA further provides that a corporation may, if authorized by its articles of incorporation