Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 373

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 373
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S

|                                                     |     | As of December 31, 2023 |     |            |
|:----------------------------------------------------|:----|------------------------:|:----|-----------:|
| (in thousands)                                      |     |         Notional Amount |     | Fair Value |
| Included in Interest Receivable and Other assets:   |     |                         |     |            |
| Interest Rate Lock Commitments                      |     |                      $— |     |         $— |
| Forward Sale Commitments                            |     |                      $— |     |         $— |
| Included in Interest Payable and Other liabilities: |     |                         |     |            |
| Interest Rate Lock Commitments                      |     |                      $— |     |         $— |
| Forward Sale Commitments                            |     |                    $448 |     |         $8 |

NOTE 13 – RELATED PARTY TRANSACTIONS The Bank, in the ordinary course of business, has loan and deposit transactions with directors, executives and shareholders. At December 31, 2024 and 2023, respectively, there were approximately $25 and $117 thousand, in loans outstanding to directors, executives and their related interests. At December 31, 2024 and 2023, respectively, there were no unfunded commitments to directors, executives and their related interests. At December 31, 2024 and 2023, respectively, there were approximately $3.4 million and $2.1 million in deposit balances from directors and executives. The Bank is a party to the Bank Services Agreement with GJF Financial Management II, LLC (GJF Management), an affiliate of Gerald J. Ford, a current director of the Bank. GJF Management serves as the management company to the Investor and Ford Financial Fund III, L.P., which collectively own 81% of our common stock as of December 31, 2024. The Bank is the sole portfolio company of the Investor and Ford Financial Fund III, L.P. Further, Mr. Webb, Chairman of the Board of the Bank, is employed by GJF Management, and Mr. Russell, a director and former interim Chief Executive Officer of the Bank, is employed by an affiliate of Mr. Ford. Additionally, Mr. Johnson, the Bank’s current President and Chief Executive Officer, is employed by GJF Management. Pursuant to the Bank Services Agreement, GJF Management and individuals at GJF Management provide certain services to the Bank, including, among