Company: MCHB
Filing Date: 2025-05-09
Form Type: 425
Source: 0001518715-25-000085
Chunk: 8

Company: Mechanics Bancorp
Filing Date: 2025-05-09
Form: 425
Chunk 8
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 this across their whole careers, but especially on the Mechanics platform as we've now integrated three banks so far into Mechanics Bank today. It's a lot of careful planning. It's a lot of hard work. Chris Pierce is going to lead the effort on the Mechanics Bank side as the Chief Operating Officer. We'll have an executive steering committee that all senior executives will participate in, and then there's going to be a ton of individual workstreams across every aspect of the bank. Obviously the greatest area of focus will be the core systems conversion. We have not made a decision yet on which core we will go with. We're receiving bids from both FIS and Fiserve; that is a very critical decision point. We have engaged KPMG to assist us with the integration management office and especially efforts around HR and communication, which I know is very topical for everybody, and so we want to be very careful in how we plan. We want to communicate it regularly. We want to provide clear work streams and deliverables and we'll try to have as much information provided as soon as we can; obviously a ton of work. But legal day one could be as soon as August 1st. There's a ton of work already happening. I think you'll continue to see more and more visibility around our workstreams and like I'll say, if you ever feel like something is not working well or there's issues, please raise your hand and let us know so we can address it. Mark Mason

Alright, I think I'm going to pass on a couple of questions. We were going to ask about other recent mergers. I'm looking at our time and I want to make sure we have enough time for the audience. How about this one, though - It has to do with name and it's not uncommon for a bank to be very sensitive that its name is going to go away, right? We have a very old bank, which like Mechanics, different facets of the company have different concerns about their customer base, their brand recognition. I think it's actually going to go a lot better than people think because at the end of the day, it's people. But maybe you could give your thoughts on it. C.J. Johnson I absolutely I understand the sensitivity around the name. I think it's our view and it's been one that's really been a consistent view across the Ford banking platforms - is it's simpler to just have one brand. If you have multiple brands, it can create a lot of complexity,