http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Thu, 28 May 2026 16:06:27 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/New+Coverage/Raymond+James+Starts+Mechanics+Bancorp+%28MCHB%29+at+Outperform/26566299.html <p>Raymond James analyst David Feaster Jr. initiates coverage on Mechanics Bancorp (NASDAQ: MCHB) with a Outperform rating and a price target of $17.00.</p><p>The analyst comments "We are initiating coverage of Mechanics Bancorp (MCHB) with an Outperform rating and $17 price target. Mechanics is a West Coast regional bank with more than $22 billion of assets, anchored in CA and complemented by a growing footprint across WA, HI and OR. The company’s primary growth engine has been M&A, a core competency of management, where it likely remains active. The recently closed HomeStreet transaction is already proving to be a highly accretive, http://www.streetinsider.com/New+Coverage/Raymond+James+Starts+Mechanics+Bancorp+%28MCHB%29+at+Outperform/26566299.html Thu, 28 May 2026 16:06:27 -0400 MCHB http://www.streetinsider.com/Analyst+Comments/Raymond+James+Starts+Mechanics+Bancorp+%28MCHB%29+at+Outperform/26566299.html <p>Raymond James analyst David Feaster Jr. initiates coverage on Mechanics Bancorp (NASDAQ: MCHB) with a Outperform rating and a price target of $17.00.</p><p>The analyst comments "We are initiating coverage of Mechanics Bancorp (MCHB) with an Outperform rating and $17 price target. Mechanics is a West Coast regional bank with more than $22 billion of assets, anchored in CA and complemented by a growing footprint across WA, HI and OR. The company’s primary growth engine has been M&A, a core competency of management, where it likely remains active. The recently closed HomeStreet transaction is already proving to be a highly accretive, http://www.streetinsider.com/Analyst+Comments/Raymond+James+Starts+Mechanics+Bancorp+%28MCHB%29+at+Outperform/26566299.html Thu, 28 May 2026 16:06:27 -0400 MCHB http://www.streetinsider.com/Dividends/Mechanics+Bank+%28MCHB%29+Declares+%240.70+Quarterly+Dividend%3B+19.6%25+Yield/26486581.html <p>Mechanics Bank (NASDAQ: MCHB) declared a quarterly dividend of $0.70 per share, or $2.8 annualized.</p><p>The dividend will be payable on May 28, 2026, to stockholders of record on May 23, 2026, with an ex-dividend date of May 21, 2026.</p><p>The annual yield on the dividend is 19.6 percent.</p><p>For a dividend history and other dividend-related data on Mechanics Bank (MCHB) <a href="http://www.streetinsider.com/dividend_history.php?q=MCHB">click here</a>.</p> http://www.streetinsider.com/Dividends/Mechanics+Bank+%28MCHB%29+Declares+%240.70+Quarterly+Dividend%3B+19.6%25+Yield/26486581.html Wed, 13 May 2026 16:26:02 -0400 MCHB http://www.streetinsider.com/Press+Releases/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.70 per share of Class A common stock and $7.00 per share of Class B common stock, each payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp (Nasdaq: MCHB) is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $21.4 billion in assets as of March 31, 2026, and 166 branches across California, Oregon, Washington and Hawaii. Founded http://www.streetinsider.com/Press+Releases/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html Wed, 13 May 2026 16:25:00 -0400 A.23125076 MCHB O.00004283 O.03960880 http://www.streetinsider.com/Press+Releases/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.70 per share of Class A common stock and $7.00 per share of Class B common stock, each payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp (Nasdaq: MCHB) is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $21.4 billion in assets as of March 31, 2026, and 166 branches across California, Oregon, Washington and Hawaii. Founded http://www.streetinsider.com/Press+Releases/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html Wed, 13 May 2026 16:25:00 -0400 A.23125076 MCHB O.00004283 O.03960880 http://www.streetinsider.com/Press+Releases/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.70 per share of Class A common stock and $7.00 per share of Class B common stock, each payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp (Nasdaq: MCHB) is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $21.4 billion in assets as of March 31, 2026, and 166 branches across California, Oregon, Washington and Hawaii. Founded http://www.streetinsider.com/Press+Releases/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html Wed, 13 May 2026 16:25:00 -0400 A.23125076 MCHB O.00004283 O.03960880 http://www.streetinsider.com/Press+Releases/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.70 per share of Class A common stock and $7.00 per share of Class B common stock, each payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp (Nasdaq: MCHB) is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $21.4 billion in assets as of March 31, 2026, and 166 branches across California, Oregon, Washington and Hawaii. Founded http://www.streetinsider.com/Press+Releases/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html Wed, 13 May 2026 16:25:00 -0400 A.23125076 MCHB O.00004283 O.03960880 http://www.streetinsider.com/Business+Wire/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.70 per share of Class A common stock and $7.00 per share of Class B common stock, each payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp (Nasdaq: MCHB) is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $21.4 billion in assets as of March 31, 2026, and 166 branches across California, Oregon, Washington and Hawaii. Founded http://www.streetinsider.com/Business+Wire/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html Wed, 13 May 2026 16:25:00 -0400 A.23125076 MCHB O.00004283 O.03960880 http://www.streetinsider.com/Business+Wire/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.70 per share of Class A common stock and $7.00 per share of Class B common stock, each payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp (Nasdaq: MCHB) is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $21.4 billion in assets as of March 31, 2026, and 166 branches across California, Oregon, Washington and Hawaii. Founded http://www.streetinsider.com/Business+Wire/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html Wed, 13 May 2026 16:25:00 -0400 A.23125076 MCHB O.00004283 O.03960880 http://www.streetinsider.com/Business+Wire/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.70 per share of Class A common stock and $7.00 per share of Class B common stock, each payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp (Nasdaq: MCHB) is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $21.4 billion in assets as of March 31, 2026, and 166 branches across California, Oregon, Washington and Hawaii. Founded http://www.streetinsider.com/Business+Wire/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html Wed, 13 May 2026 16:25:00 -0400 A.23125076 MCHB O.00004283 O.03960880 http://www.streetinsider.com/Business+Wire/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.70 per share of Class A common stock and $7.00 per share of Class B common stock, each payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp (Nasdaq: MCHB) is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $21.4 billion in assets as of March 31, 2026, and 166 branches across California, Oregon, Washington and Hawaii. Founded http://www.streetinsider.com/Business+Wire/Mechanics+Bancorp+Declares+Cash+Dividend/26486553.html Wed, 13 May 2026 16:25:00 -0400 A.23125076 MCHB O.00004283 O.03960880 http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html <p>Mechanics Bancorp (NASDAQ: MCHB) announced that its subsidiary Mechanics Bank completed the sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association for approximately $126 million in cash.</p> <p>The transaction included the transfer of Mechanics Bank's $1.8 billion DUS servicing portfolio and associated escrow amounts to Fifth Third Bank. Fifth Third Bank also hired employees who operated the DUS business at Mechanics Bank.</p> <p>Mechanics Bancorp, headquartered in Walnut Creek, California, operates through its subsidiary Mechanics Bank, which reported $21.4 billion in assets as of March 31, 2026. The bank operates 166 branches across California, Oregon, http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html Thu, 07 May 2026 08:00:28 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html <p>Mechanics Bancorp (NASDAQ: MCHB) announced that its subsidiary Mechanics Bank completed the sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association for approximately $126 million in cash.</p> <p>The transaction included the transfer of Mechanics Bank's $1.8 billion DUS servicing portfolio and associated escrow amounts to Fifth Third Bank. Fifth Third Bank also hired employees who operated the DUS business at Mechanics Bank.</p> <p>Mechanics Bancorp, headquartered in Walnut Creek, California, operates through its subsidiary Mechanics Bank, which reported $21.4 billion in assets as of March 31, 2026. The bank operates 166 branches across California, Oregon, http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html Thu, 07 May 2026 08:00:28 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html <p>Mechanics Bancorp (NASDAQ: MCHB) announced that its subsidiary Mechanics Bank completed the sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association for approximately $126 million in cash.</p> <p>The transaction included the transfer of Mechanics Bank's $1.8 billion DUS servicing portfolio and associated escrow amounts to Fifth Third Bank. Fifth Third Bank also hired employees who operated the DUS business at Mechanics Bank.</p> <p>Mechanics Bancorp, headquartered in Walnut Creek, California, operates through its subsidiary Mechanics Bank, which reported $21.4 billion in assets as of March 31, 2026. The bank operates 166 branches across California, Oregon, http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html Thu, 07 May 2026 08:00:28 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html <p>Mechanics Bancorp (NASDAQ: MCHB) announced that its subsidiary Mechanics Bank completed the sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association for approximately $126 million in cash.</p> <p>The transaction included the transfer of Mechanics Bank's $1.8 billion DUS servicing portfolio and associated escrow amounts to Fifth Third Bank. Fifth Third Bank also hired employees who operated the DUS business at Mechanics Bank.</p> <p>Mechanics Bancorp, headquartered in Walnut Creek, California, operates through its subsidiary Mechanics Bank, which reported $21.4 billion in assets as of March 31, 2026. The bank operates 166 branches across California, Oregon, http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html Thu, 07 May 2026 08:00:28 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html <p>Mechanics Bancorp (NASDAQ: MCHB) announced that its subsidiary Mechanics Bank completed the sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association for approximately $126 million in cash.</p> <p>The transaction included the transfer of Mechanics Bank's $1.8 billion DUS servicing portfolio and associated escrow amounts to Fifth Third Bank. Fifth Third Bank also hired employees who operated the DUS business at Mechanics Bank.</p> <p>Mechanics Bancorp, headquartered in Walnut Creek, California, operates through its subsidiary Mechanics Bank, which reported $21.4 billion in assets as of March 31, 2026. The bank operates 166 branches across California, Oregon, http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html Thu, 07 May 2026 08:00:28 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html <p>Mechanics Bancorp (NASDAQ: MCHB) announced that its subsidiary Mechanics Bank completed the sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association for approximately $126 million in cash.</p> <p>The transaction included the transfer of Mechanics Bank's $1.8 billion DUS servicing portfolio and associated escrow amounts to Fifth Third Bank. Fifth Third Bank also hired employees who operated the DUS business at Mechanics Bank.</p> <p>Mechanics Bancorp, headquartered in Walnut Creek, California, operates through its subsidiary Mechanics Bank, which reported $21.4 billion in assets as of March 31, 2026. The bank operates 166 branches across California, Oregon, http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html Thu, 07 May 2026 08:00:28 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html <p>Mechanics Bancorp (NASDAQ: MCHB) announced that its subsidiary Mechanics Bank completed the sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association for approximately $126 million in cash.</p> <p>The transaction included the transfer of Mechanics Bank's $1.8 billion DUS servicing portfolio and associated escrow amounts to Fifth Third Bank. Fifth Third Bank also hired employees who operated the DUS business at Mechanics Bank.</p> <p>Mechanics Bancorp, headquartered in Walnut Creek, California, operates through its subsidiary Mechanics Bank, which reported $21.4 billion in assets as of March 31, 2026. The bank operates 166 branches across California, Oregon, http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html Thu, 07 May 2026 08:00:28 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html <p>Mechanics Bancorp (NASDAQ: MCHB) announced that its subsidiary Mechanics Bank completed the sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank, National Association for approximately $126 million in cash.</p> <p>The transaction included the transfer of Mechanics Bank's $1.8 billion DUS servicing portfolio and associated escrow amounts to Fifth Third Bank. Fifth Third Bank also hired employees who operated the DUS business at Mechanics Bank.</p> <p>Mechanics Bancorp, headquartered in Walnut Creek, California, operates through its subsidiary Mechanics Bank, which reported $21.4 billion in assets as of March 31, 2026. The bank operates 166 branches across California, Oregon, http://www.streetinsider.com/Mergers+and+Acquisitions/Mechanics+Bank+sells+Fannie+Mae+servicing+unit+to+Fifth+Third+for+%24126M/26448701.html Thu, 07 May 2026 08:00:28 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) announced today that Mechanics Bank, a wholly owned subsidiary, has completed the previously announced sale of its Fannie Mae Delegated Underwriting and Servicing (“DUS®”) business line (“DUS Business”) to Fifth Third Bank, National Association (“Fifth Third Bank”) for aggregate cash consideration of approximately $126 million. </p><p> Under the terms of the completed transaction, Fifth Third Bank acquired Mechanics Bank’s approximately $1.8 billion DUS servicing portfolio, including associated escrow amounts, and hired Mechanics Bank employees who operate the DUS Business. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html Thu, 07 May 2026 08:00:00 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) announced today that Mechanics Bank, a wholly owned subsidiary, has completed the previously announced sale of its Fannie Mae Delegated Underwriting and Servicing (“DUS®”) business line (“DUS Business”) to Fifth Third Bank, National Association (“Fifth Third Bank”) for aggregate cash consideration of approximately $126 million. </p><p> Under the terms of the completed transaction, Fifth Third Bank acquired Mechanics Bank’s approximately $1.8 billion DUS servicing portfolio, including associated escrow amounts, and hired Mechanics Bank employees who operate the DUS Business. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html Thu, 07 May 2026 08:00:00 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) announced today that Mechanics Bank, a wholly owned subsidiary, has completed the previously announced sale of its Fannie Mae Delegated Underwriting and Servicing (“DUS®”) business line (“DUS Business”) to Fifth Third Bank, National Association (“Fifth Third Bank”) for aggregate cash consideration of approximately $126 million. </p><p> Under the terms of the completed transaction, Fifth Third Bank acquired Mechanics Bank’s approximately $1.8 billion DUS servicing portfolio, including associated escrow amounts, and hired Mechanics Bank employees who operate the DUS Business. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html Thu, 07 May 2026 08:00:00 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) announced today that Mechanics Bank, a wholly owned subsidiary, has completed the previously announced sale of its Fannie Mae Delegated Underwriting and Servicing (“DUS®”) business line (“DUS Business”) to Fifth Third Bank, National Association (“Fifth Third Bank”) for aggregate cash consideration of approximately $126 million. </p><p> Under the terms of the completed transaction, Fifth Third Bank acquired Mechanics Bank’s approximately $1.8 billion DUS servicing portfolio, including associated escrow amounts, and hired Mechanics Bank employees who operate the DUS Business. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html Thu, 07 May 2026 08:00:00 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) announced today that Mechanics Bank, a wholly owned subsidiary, has completed the previously announced sale of its Fannie Mae Delegated Underwriting and Servicing (“DUS®”) business line (“DUS Business”) to Fifth Third Bank, National Association (“Fifth Third Bank”) for aggregate cash consideration of approximately $126 million. </p><p> Under the terms of the completed transaction, Fifth Third Bank acquired Mechanics Bank’s approximately $1.8 billion DUS servicing portfolio, including associated escrow amounts, and hired Mechanics Bank employees who operate the DUS Business. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html Thu, 07 May 2026 08:00:00 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739 http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html <p> WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) announced today that Mechanics Bank, a wholly owned subsidiary, has completed the previously announced sale of its Fannie Mae Delegated Underwriting and Servicing (“DUS®”) business line (“DUS Business”) to Fifth Third Bank, National Association (“Fifth Third Bank”) for aggregate cash consideration of approximately $126 million. </p><p> Under the terms of the completed transaction, Fifth Third Bank acquired Mechanics Bank’s approximately $1.8 billion DUS servicing portfolio, including associated escrow amounts, and hired Mechanics Bank employees who operate the DUS Business. </p><p> <b>About Mechanics Bancorp</b> </p><p> Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the http://www.streetinsider.com/Press+Releases/Mechanics+Bank+Completes+Sale+of+Fannie+Mae+Delegated+Underwriting+and+Servicing+Business+Line+to+Fifth+Third+Bank/26448634.html Thu, 07 May 2026 08:00:00 -0400 A.08775238 A.23125076 A.50200980 MCHB O.00004283 O.00050834 O.03960880 O.36255739