Company: MCHB
Filing Date: 2025-05-09
Form Type: 425
Source: 0001518715-25-000085
Chunk: 18

Company: Mechanics Bancorp
Filing Date: 2025-05-09
Form: 425
Chunk 18
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 sheet and not become too big a component of what we do as a bank. It's a good question though.

Mark Mason Why don't we take a break and let me go to the webinar Q and A. Maybe you could talk a little bit about your business plan for retail banking and how this may or may not change after the merger. C.J. Johnson We're very excited to add all the branches and it's very complementary to our markets. There will be a lot of effort. You'll see from Tony and Shanna and our retail team coming to visit talking about, hey, here's what's working well, here's how we do at Mechanics. Love to have you come visit some of our branches down in California. But I think the general strategy is we'd love to grow it profitably. We want to be thoughtful about the products we offer and our staffing model, etc. A big area of focus for us post-merger is going to be online account opening. Technology in general. In my opinion, it’s essential to really lean into and make sure we are as smart as possible having the right core provider, but also being able to be competitive with the big banks because they've got a lot of bells and whistles and we need to make sure we're competitive. So, there'll be a lot of investment there. We've got a great IT team. A lot of skill sets in that area, but we also have a lot of room for improvement. So technology in general, whether it's retail or commercial or mortgage, etc. is the backbone of everything we do and it's got a lot of my focus, certainly all of our executives are focused on it. Chris in particular. We want to be easy to bank with both for the customers for sure, but also for our employees; easy systems to use and clear channels of communication. From retail bank, I'm excited for the strategy. I don't know if Shanna, or you want to comment on it. Shanna Hansen I would say that C.J. has mentioned that the footprint is really aligned and supplements ours and I think there's a lot to uncover in retail, a lot that we're going to have to dive into and see how we do stop payments versus how they do stop payments, right? This is a big, big undertaking, but we've done it a few times, and for the most part you heard we will grandfather in your customers. We will work through to preserve those relationships and honor our employees tenure and their