Last $17,200 USD
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As of 8:10 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

mechanics bank /richmond ca (MCHB) Snapshot

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08/21/14 - $17,200
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12/16/13 - $13,000
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mechanics bank /richmond ca (MCHB) Details

Mechanics Bank, together with its subsidiaries, provides personal and business banking, trust and estate, brokerage, and wealth management services to individuals and businesses in Northern California. The company’s deposit products include demand deposits, interest bearing transaction accounts, savings accounts, checking accounts, and time certificates of deposits. Its loan portfolio comprises personal loans, such as auto loans, credit cards, home loans/mortgages, home equity line of credit, home equity loans, and secured/unsecured loans; and business financing products, including business credit cards, commercial real estate loans, equipment leasing, operating lines of credit, short term and self-liquidating loans, and term financing. The company also offers commercial financing solutions comprising acquisition and expansion term financing, business credit cards, capital improvement term financing, commercial real estate term financing, construction financing, equipment leasing and financing, owner and investor real estate financing, permanent working capital term financing, professional practice/services financing, SBA financing, and short term financing. In addition, it provides private banking, Internet and mobile banking, wealth and cash management, agent and administrator, investment management, business succession planning, trust and estate planning, and brokerage and insurance services, as well as retirement plans. As of December 31, 2013, the company operated 32 offices in Contra Costa, Alameda, San Francisco, Marin, Napa, Placer, Sacramento, and El Dorado counties. Mechanics Bank was founded in 1905 and is headquartered in Richmond, California.

mechanics bank /richmond ca (MCHB) Top Compensated Officers

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mechanics bank /richmond ca (MCHB) Key Developments

Marc Thompson and Jay Mok Join Mechanics Bank's Commercial Banking Team

Marc Thompson, CRE, CCIM, FRICS, joins Mechanics Bank as Senior Vice President and head of the Real Estate Industries Group. Thompson brings over 30 years of commercial real estate and capital markets experience to the Bank. Marc will focus on leading the Bank's commercial real estate, construction, housing and related real estate loan production and operation efforts. Thompson was most recently at Torrey Pines Bank, where he served as a Senior Relationship Manager for northern California in the Real Estate Construction group. Jay Mok was recently named Senior Vice President, Commercial Banking Regional Market Manager for Mechanics Bank. Mok joins the Mechanics Bank commercial banking team where he will lead business development efforts in the Bank's key markets. A nine year veteran of commercial banking, Mok comes to Mechanics Bank after serving as SVP, Commercial Lender for Torrey Pines Bank, where he was the Bank's top commercial lending producer in the state of California in 2013.

Mechanics Bank Announces Earnings Results for the Second Quarter and Six Months of 2014

Mechanics Bank announced earnings results for the second quarter and six months of 2014. For the quarter, the company reported earnings of $6.1 million. For the year to date, net income was $7.9 million. The tax adjusted net income was $11.1 million.

Mechanics Bank Mulls Acquisitions

Mechanics Bank (OTCPK:MCHB) is seeking acquisitions. Christa Steele, President and Chief Executive Officer at Mechanics Bank said, "I am pleased with the enhanced depth of expertise and industry knowledge within the leadership team. This will allow the Bank to position itself for growth organically or by acquisition as we broaden our footprint."


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