Home Investments Team News Contact Us News Mechanics Bank Announces $52 Million Aggregate Dividend WALNUT CREEK, CA – October 29, 2021 – Mechanics Bank (ticker: MCHB) today announced that its Board of Directors declared a cash dividend of $810 per common share, payable on November 10, 2021 to all common stockholders of record as of the close of business on November 8, 2021. The determination to pay dividends in the future will be evaluated by the Board of Directors and will depend upon, among other factors, results of operations, financial condition, capital requirements and contractual…more Mechanics Bank Announces $165 Million Aggregate Special Dividend WALNUT CREEK, CA – July 23, 2021 – Mechanics Bank (ticker: MCHB) today announced that its Board of Directors declared a special cash dividend, representing $2,569 per common share, payable on August 5, 2021 to all common stockholders of record as of the close of business on August 2, 2021. The determination to pay dividends in the future will be evaluated by the Board of Directors and will depend upon, among other factors, results of operations, financial condition, capital requirements and contractual…more Mechanics Bank Completes Acquisition Of Rabobank, N.A. WALNUT CREEK, CA – September 3, 2019 – Mechanics Bank today announced the completion of its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group. Mechanics Bank acquired Rabobank, N.A.’s retail, business banking, commercial real estate, mortgage, and wealth management businesses. Total consideration for the transaction, which was announced March 15, 2019, was approximately $2.1 billion…more Ford Financial Fund III, L.P. Closes With Over $1 Billion In Commitments DALLAS, TX – September 3, 2019 – Ford Financial Fund today announced the closing of Ford Financial Fund III, L.P., with over $1 billion in commitments. Ford Financial Fund is a private equity fund focused on investments in community banks. It is co-managed by Gerald J. Ford and Carl B. Webb, who are among the nation’s most experienced and successful investors in and operators of a broad range of financial services companies. The General Partner committed $155 million of its own capital across Fund II and Fund III, which are both fully invested in Mechanics Bank. Fund II closed in May…more Mechanics Bank And Rabobank, N.A. Receive Regulatory Approval For Pending Merger And Mechanics Bank Commences Rights Offering WALNUT CREEK, CA – July 29, 2019 – Mechanics Bank (OTCBB: MCHB) (“Mechanics”) today announced that Mechanics and Rabobank International Holding B.V. (“Rabo Parent”) have received regulatory approval from the Board of Governors of the Federal Reserve, The Office of the Comptroller of Currency, The Federal Deposit Insurance Corporation and the California Department of Business Oversight for the pending acquisition of Rabobank, N.A. (“RNA”), Rabobank’s California-based and primarily retail bank, by Mechanics. No further regulatory approvals are required for Mechanics and Rabo Parent to…more Mechanics Bank Receives 'Outstanding' Community Reinvestment Act (CRA) Rating WALNUT CREEK, CA – July 1, 2019 – Mechanics Bank announced today that it has received a rating of ‘Outstanding’ from the Federal Deposit Insurance Corporation (FDIC) for the Bank’s most recent Community Reinvestment Act (CRA) examination period of May, 2016 through April, 2019. The exam rating included Performance Test results of ‘Outstanding’ in the Investment and Service Test areas, and a rating of ‘High Satisfactory’ in the Lending Test…more Mechanics Bank And Rabobank, N.A. Announce Strategic Business Combination Transaction WALNUT CREEK, CA and ROSEVILLE, CA – March 15, 2019 – Mechanics Bank (OTCBB: MCHB) and Rabobank, N.A., a subsidiary of Rabobank Group, today announced that Mechanics Bank and Rabobank Group have entered into a definitive agreement pursuant to which Mechanics Bank will acquire Rabobank, N.A. in a strategic business combination transaction. The transaction has been approved by each party’s authorizing board of…more Mechanics Bank Announces Completion Of Acquisition Of Scott Valley Bank WALNUT CREEK, CA – June 4, 2018 – Mechanics Bank (“Mechanics”) (OTCBB: MCHB) today announced the completion of its previously announced acquisition of Learner Financial Corporation (“Learner Financial”) and its wholly owned subsidiary, Scott Valley Bank, which became effective on June 1, 2018. The acquisition, which was first announced on February 12, 2018, brings together two historic and storied community banks with a collective 272 years of local banking experience and service…more Mechanics Bank And Scott Valley Bank Agree To Merge WALNUT CREEK, CA – February 12, 2018 – Mechanics Bank (“Mechanics”) (OTCBB: MCHB) and Learner Financial Corporation (“Learner Financial”), the bank holding company for Scott Valley Bank, today announced that they have reached a definitive agreement for Mechanics to acquire Learner Financial and its wholly owned subsidiary, Scott Valley Bank. The transaction has been approved by the Boards of Directors of Mechanics, Learner Financial and Scott Valley…more Mechanics Bank Announces Completion Of Merger With California Republic Bancorp And Rights Offering WALNUT CREEK, CA – October 3, 2016 – Mechanics Bank (“Mechanics”) today announced the completion of its previously announced strategic merger with California Republic Bancorp (“CRB”) (OTCBB: CRPB), a bank holding company for California Republic Bank, which became effective on October 1, 2016. Pursuant to the terms of the merger, CRB shareholders will receive cash consideration of $37.19 per share. Mechanics also announced today that it has completed its previously announced rights offering. The proceeds from the rights offering were used to help fund the aggregate merger consideration and…more Mechanics Bank And California Republic Bancorp Receive Regulatory Approval For Pending Merger And Mechanics Bank Commences Rights Offering September 13, 2016 WALNUT CREEK, CA, AND IRVINE, CA, September 13, 2016 – Mechanics Bank (“Mechanics”) and California Republic Bancorp (“CRB”) (OTCBB: CRPB), a bank holding company for California Republic Bank, today announced that they have received regulatory approval from the FDIC and the California Department of Business Oversight for their pending merger. No further regulatory approvals are required for Mechanics and CRB to consummate the merger and the other transactions contemplated by the April 28, 2016 merger agreement by and among Mechanics, CRB and Coast Acquisition Corporation, a…more Mechanics Bank And California Republic Bancorp Announce Strategic Merger April 28, 2016 WALNUT CREEK, CA, AND IRVINE, CA, April 28, 2016 – Mechanics Bank (“Mechanics”) and California Republic Bancorp (“CRB”) (OTCBB: CRPB), a bank holding company for California Republic Bank, today announced that they have reached a definitive agreement to merge. The transaction has been approved by the Boards of Directors of each company. Under the terms of the agreement, CRB shareholders will receive $37.19 per share in…more Ford Financial Fund Announces Increase In Number Of Shares To Be Purchased In Tender Offer To Acquire Majority Interest In Mechanics Bank April 16, 2015 DALLAS, TX, April 16, 2015 – Ford Financial Fund II, L.P. (“Ford Financial”) announced today that its wholly owned subsidiary, EB Acquisition Company LLC (the “Purchaser”), will now purchase all outstanding shares of common stock of Mechanics Bank (the “Bank”) that are validly tendered prior to the expiration of the previously announced tender offer, subject to the absence of any regulatory objection, at a price of $26,832.00 per share, in cash, without interest and less any applicable withholding taxes, on the terms and subject to the conditions set forth in the Amended and Restated Offer to Purchase, dated…more Ford Financial Fund Commences Tender Offer To Acquire Up To 65% Of The Common Stock Of Mechanics Bank January 27, 2015 DALLAS, TX, October 31, 2014 – Ford Financial Fund II, L.P. ("Ford Financial") announced today that its wholly owned subsidiary, EB Acquisition Company LLC (the "Purchaser"), has commenced a cash tender offer to acquire up to 65% of the outstanding shares of common stock of Mechanics Bank (the "Bank") on a fully diluted basis (the "Maximum Aggregate Amount") at a price of $26,832.00 per share, in cash, without interest and less any applicable withholding taxes, on the terms and subject to the conditions set forth in the Offer to Purchase, dated October 31, 2014 (the "Offer to…more Ford Financial Fund To Commence Tender Offer To Acquire Majority Interest In Mechanics Bank September 25, 2014 DALLAS, TX and WALNUT CREEK, CA, September 25, 2014 – Ford Financial Fund II, L.P. ("Ford Financial") and Mechanics Bank (the "Bank") today jointly announced that they have entered into an agreement pursuant to which Ford Financial will conduct a tender offer to acquire a majority of the outstanding shares of common stock of the Bank. Under the terms of the agreement, Ford Financial will conduct a tender offer to purchase up to 65 percent of the outstanding shares of common stock of the Bank at a cash purchase price of $26,832 per share. Mechanics Bank’s Board of Directors (the…more Ford Financial Fund Announces Closing Of Fund II May 17, 2013 DALLAS, TX, May 17, 2013 – Ford Financial Fund, a private equity fund focused on investments in financial services companies, today announced the closing of Ford Financial Fund II, L.P. with $755 million in commitments. Ford Financial Fund is led by Gerald J. Ford and Carl B. Webb, two of the nation’s most experienced and successful investors in, and operators of, financial services companies. The General Partner is committing $113 million of its own capital to Fund…more UnionBanCal Corporation Announces Completion Of Acquisition Of Pacific Capital Bancorp December 1, 2012 SAN FRANCISCO, CA, December 1, 2012 – UnionBanCal Corporation (“UNBC”) and its primary subsidiary, Union Bank, N.A. (“Union Bank”), today announced that it has completed its $1.5 billion purchase of Pacific Capital Bancorp (“PCBC”), a bank holding company headquartered in Santa Barbara, California. As part of the transaction, Santa Barbara Bank & Trust, N.A. will be merged with and into Union Bank on December 3, 2012, with Union Bank continuing as the surviving entity. The merger received final regulatory approval on November 14…more UnionBanCal Corporation To Acquire Pacific Capital Bancorp March 12, 2012 Combination to Substantially Enhance California Central Coast Presence SAN FRANCISCO, CA, March 12, 2012 – UnionBanCal Corporation (UNBC) and its primary subsidiary, Union Bank, N.A. (Union Bank), today announced that UNBC has entered into a definitive agreement to acquire Pacific Capital Bancorp (NASDAQ: PCBC), a bank holding company headquartered in Santa Barbara, California, for $46 per share in cash. The acquisition, which requires approval from…more Pacific Capital Bancorp Announces Closing Of $500 Million Investment From A Subsidiary Of Ford Financial Fund, L.P. August 31, 2010 SANTA BARBARA, CA, August 31, 2010 — Pacific Capital Bancorp (the “Company”) (Nasdaq: PCBC), a community bank holding company, announced today the closing of the previously announced $500 million investment in the Company by SB Acquisition Company LLC, a wholly-owned subsidiary of Ford Financial Fund, L.P. “We are very pleased to join the Pacific Capital family,” said Gerald J. Ford, Managing Member of…more Contact Us (214) 871-5151 info@fordfundlp.com Address 6565 Hillcrest Avenue, 6th Floor Dallas, Texas 75205 Copyright © 2021 Ford Financial Fund All rights reserved. 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