Company: MCHB
Filing Date: 2025-05-09
Form Type: 425
Source: 0001518715-25-000085
Chunk: 26

Company: Mechanics Bancorp
Filing Date: 2025-05-09
Form: 425
Chunk 26
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. I love the fact that you already have it set up and just want to understand it more, but we definitely plan to continue that on and even grow it because we bank a lot of public companies that could really benefit from that. So we see that as a deposit strategy as well, as well as the ability -- to your point -- to really offer great benefits to those employers who don't really have the opportunity to provide other benefits like that. So we're excited about it. Great. Mark Mason

Oh, out placement, for positions that will not be continued, will you offer out placement services? We've done this previously with layoffs when we've had to do them. Not very expensive and it helps them with resume writing, job search strategy, stuff like that. Have you considered that? C.J. Johnson I'll have to go back and look at that. I don't think we have typically done that through the different mergers, right, Chris? But I think it's well worth evaluating and understanding to your point if it's not particularly expensive, then it could be something we add. We do typically offer COBRA benefits and I think that's another area where we just have to really study it a little bit and then communicate very clearly as soon as possible – here’s what will be available to help if you're impacted. Mark Mason I know this answer, someone wants to know Mechanics Bank's net promoter score. I think it's better than ours, which I'm very upset about. C.J. Johnson Isn't it like 76? Mark Mason 71 was the number I was given. Let's not overdo it. C.J. Johnson Greg, do you know? Low to mid-seventies. Mark Mason So, that's for a bank that's stratospheric. I think our last was 54, which is very good. The seventies would be up with the best performing, not banks, but general consumer product companies, that are very well respected, like Johnson and Johnson or some of these primarily well accepted brands. That's excellent. This is a question on loan concentrations. I think it really relates to CRE because they mentioned several CRE products. What's the strategy on CRE concentration? C.J. Johnson Obviously a very important topic, something we focus very heavily on. We monitor very carefully. We have a lot of monitoring in place around commercial real estate. I think over time, obviously the combined merged bank will have a CRA concentration ratio of about 390%, and our goal over