Mechanics Bancorp declares cash dividend on Class A and B
Mechanics Bancorp announced that its board approved a cash dividend for both classes of its stock.
Accepted by SEC EDGAR
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Form Type
8-K
Rhea-AI Filing Summary
Mechanics Bancorp announced that its board approved a cash dividend for both classes of its stock. Holders of Class A common stock will receive $0.70 per share, and holders of Class B common stock will receive $7.00 per share.
The dividends are payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. Mechanics Bancorp, the financial holding company of Mechanics Bank, reported $21.4 billion in assets and 166 branches across four western states as of March 31, 2026.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Class A dividend: $0.70 per share
Class B dividend: $7.00 per share
Dividend record date: May 23, 2026
+3 more
6 metrics
Class A dividend
$0.70 per share
Cash dividend on Class A common stock payable May 28, 2026
Class B dividend
$7.00 per share
Cash dividend on Class B common stock payable May 28, 2026
Dividend record date
May 23, 2026
Shareholders of record eligible for dividend
Dividend payment date
May 28, 2026
Scheduled cash dividend payment date
Total assets
$21.4 billion
Mechanics Bank assets as of March 31, 2026
Branch count
166 branches
Branches across CA, OR, WA and HI
Key Terms
cash dividend, shareholders of record, financial holding company, full-service bank, +1 more
5 terms
cash dividend financial
"approved a cash dividend of $0.70 per share of Class A common stock"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
financial holding company financial
"is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank"
A financial holding company is a parent firm that owns and oversees banks and other financial businesses, such as lending, insurance, or investment services. It matters to investors because it bundles several money-making activities under one roof—like a parent managing several children—so returns, risks, and regulatory rules for banking apply to the whole group; trouble in one unit can affect the company’s profits, capital needs, and dividends.
full-service bank financial
"Mechanics Bank, a full-service bank with $21.4 billion in assets"
Nasdaq Global Select Market financial
"Class A Common Stock, No Par Value | MCHB | The Nasdaq Global Select Market"
A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the key record and payment dates for Mechanics Bancorp’s 2026 dividend?
Shareholders must be on record by the close of business on May 23, 2026 to receive the dividend. The company will pay the cash dividend on May 28, 2026 for both Class A and Class B common stock.
How large is Mechanics Bancorp and its banking operations?
Mechanics Bancorp is the financial holding company for Mechanics Bank, a full-service bank with $21.4 billion in assets as of March 31, 2026. The bank operates 166 branches across California, Oregon, Washington and Hawaii.
On which exchange is Mechanics Bancorp stock listed and under what symbol?
Mechanics Bancorp’s Class A common stock trades on the Nasdaq Global Select Market under the ticker symbol MCHB. The company’s press release and securities table both reference this listing and trading symbol.
Who is the primary contact for investor relations at Mechanics Bancorp?
The primary contact is Nathan Duda, Executive Vice President and Chief Financial Officer. Investor inquiries can be directed to his listed email address, ir@mechanicsbank.com, as provided in the company’s dividend announcement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________
FORM 8-K
_______________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 13, 2026
________________________________
________________________________
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
(925 ) 482-8000
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
| Emerging growth Company | |||||
| ☐ | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ||||
Item 8.01 Other Events
On May 13, 2026, the Board of Directors of Mechanics Bancorp approved 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. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit 99.1 | Mechanics Bancorp Press Release Dated May 13, 2026 | ||||
| Exhibit 104 | Cover Page Interactive Data File (embedded within with Inline XBRL) | ||||
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 13, 2026
| MECHANICS BANCORP | |||||||||||
| By: | /s/ Nathan Duda | ||||||||||
| Nathan Duda | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||
3
Mechanics Bancorp Declares Cash Dividend
Company Release – 5/13/2026
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.
About Mechanics Bancorp
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 in 1905 to help families, businesses and communities prosper, Mechanics Bank offers a wide range of products and services in consumer and business banking, commercial lending, cash management services, private banking, and comprehensive wealth management and trust services.
To learn more, visit www.MechanicsBank.com.
Source: Mechanics Bancorp
Nathan Duda
Executive Vice President, Chief Financial Officer
ir@mechanicsbank.com