Welcome to our dedicated page for Mechanics Bancorp SEC filings (Ticker: MCHB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Mechanics Bancorp filings document the regulatory record of a bank holding company whose primary operating subsidiary is Mechanics Bank. The disclosures cover operating and financial results, material-event reports, capital-structure matters, and corporate actions involving banking business lines, including the completed sale of the Fannie Mae Delegated Underwriting and Servicing business line.
Its SEC filings also include proxy materials addressing board governance, executive compensation and shareholder voting matters. Form 8-K disclosures record cash dividends on Class A and Class B common stock, amendments to bylaws, book-entry share provisions, and other events affecting the company’s governance and securities structure.
Mechanics Bancorp reported the results of its 2026 Annual Meeting of Shareholders held on May 28, 2026. As of the April 1, 2026 record date, there were 220,286,142 Class A shares and 1,114,448 Class B shares outstanding.
Shareholders elected eight director nominees, each by a majority of votes cast, for one-year terms ending at the 2027 Annual Meeting. They also approved, on an advisory and non-binding basis, the compensation of named executive officers and ratified Crowe LLP as independent registered public accounting firm for the year ending December 31, 2026.
Mechanics Bancorp reported the results of its 2026 Annual Meeting of Shareholders held on May 28, 2026. As of the April 1, 2026 record date, there were 220,286,142 Class A shares and 1,114,448 Class B shares outstanding.
Shareholders elected eight director nominees, each by a majority of votes cast, for one-year terms ending at the 2027 Annual Meeting. They also approved, on an advisory and non-binding basis, the compensation of named executive officers and ratified Crowe LLP as independent registered public accounting firm for the year ending December 31, 2026.
Pellegrino Nancy D reported acquisition or exercise transactions in this Form 4 filing.
Mechanics Bancorp director Nancy D. Pellegrino received a grant of 5,513 Restricted Stock Units (RSUs) on May 28, 2026. Each RSU represents a contingent right to receive one share of Class A common stock and requires no payment when it vests on May 28, 2027.
Following the reported transactions, she holds 16,223 shares of Class A common stock directly, including 1,000 shares held jointly with her spouse. The RSU grant is a stock-based compensation award, not an open-market share purchase or sale.
Pellegrino Nancy D reported acquisition or exercise transactions in this Form 4 filing.
Mechanics Bancorp director Nancy D. Pellegrino received a grant of 5,513 Restricted Stock Units (RSUs) on May 28, 2026. Each RSU represents a contingent right to receive one share of Class A common stock and requires no payment when it vests on May 28, 2027.
Following the reported transactions, she holds 16,223 shares of Class A common stock directly, including 1,000 shares held jointly with her spouse. The RSU grant is a stock-based compensation award, not an open-market share purchase or sale.
Mechanics Bancorp director Russell Kenneth D received a grant of 5,513 Restricted Stock Units (RSUs) on May 28, 2026. Each RSU represents a right to receive one share of Class A common stock without paying any exercise price. These RSUs vest on May 28, 2027, at which time he will receive an equal number of shares. Following this grant, he holds 5,513 RSUs directly.
Mechanics Bancorp director Russell Kenneth D received a grant of 5,513 Restricted Stock Units (RSUs) on May 28, 2026. Each RSU represents a right to receive one share of Class A common stock without paying any exercise price. These RSUs vest on May 28, 2027, at which time he will receive an equal number of shares. Following this grant, he holds 5,513 RSUs directly.
Mechanics Bancorp director Patricia Cochran reported equity compensation activity rather than open-market trading. She received a grant of 5,513 Restricted Stock Units (RSUs) on May 28, 2026, which vest on May 28, 2027, each RSU representing one share of Class A common stock.
On May 27, 2026, 3,301 previously granted RSUs vested and were converted into 3,301 shares of Class A common stock, increasing her direct common stock holdings to 13,204 shares. She also holds 2,554 deferred incentive units, each economically equivalent to one share, with payment deferred until retirement, termination, or a change in control.
Mechanics Bancorp director Patricia Cochran reported equity compensation activity rather than open-market trading. She received a grant of 5,513 Restricted Stock Units (RSUs) on May 28, 2026, which vest on May 28, 2027, each RSU representing one share of Class A common stock.
On May 27, 2026, 3,301 previously granted RSUs vested and were converted into 3,301 shares of Class A common stock, increasing her direct common stock holdings to 13,204 shares. She also holds 2,554 deferred incentive units, each economically equivalent to one share, with payment deferred until retirement, termination, or a change in control.
Mechanics Bancorp director Douglas E. Downer reported compensation-related equity activity with no open‑market trading. He was granted 5,513 Restricted Stock Units (RSUs) on May 28, 2026, which vest on May 28, 2027 and will settle in an equal number of Class A common shares upon vesting.
On May 27, 2026, 3,301 previously granted RSUs vested and were exercised into 3,301 shares of Class A common stock, which are held indirectly through the Douglas E Downer Revocable Trust. Following these updates, indirect holdings include 2,317,764 Class A shares in the revocable trust and 1,121,270 Class A shares in the Douglas Downer Family Dynasty Trust, where E. Michael Downer serves as voting trustee.
Downer also holds 2,554 deferred incentive units, each economically equivalent to one share of Class A common stock, with payment deferred until his retirement, termination, or a change in control. The filing reflects equity awards, vesting, and updated reporting classifications rather than discretionary share purchases or sales.
Mechanics Bancorp director Douglas E. Downer reported compensation-related equity activity with no open‑market trading. He was granted 5,513 Restricted Stock Units (RSUs) on May 28, 2026, which vest on May 28, 2027 and will settle in an equal number of Class A common shares upon vesting.
On May 27, 2026, 3,301 previously granted RSUs vested and were exercised into 3,301 shares of Class A common stock, which are held indirectly through the Douglas E Downer Revocable Trust. Following these updates, indirect holdings include 2,317,764 Class A shares in the revocable trust and 1,121,270 Class A shares in the Douglas Downer Family Dynasty Trust, where E. Michael Downer serves as voting trustee.
Downer also holds 2,554 deferred incentive units, each economically equivalent to one share of Class A common stock, with payment deferred until his retirement, termination, or a change in control. The filing reflects equity awards, vesting, and updated reporting classifications rather than discretionary share purchases or sales.
Mechanics Bancorp director Jon R. Wilcox reported equity compensation and related equity movements. He was granted 5,513 Restricted Stock Units (RSUs) on May 28, 2026, which vest on May 28, 2027 and convert into an equal number of Class A common shares at no cost on vesting.
On May 27, 2026, 3,301 previously granted RSUs vested and were exercised into 3,301 shares of Class A common stock, increasing his direct common stock holdings to 13,204 shares. The filing also shows 2,554 deferred incentive units, each economically equivalent to one share of Class A common stock, with payment deferred until retirement, termination, or a change in control. The activity reflects compensation awards and derivative exercises, not open-market purchases or sales.
Mechanics Bancorp director Jon R. Wilcox reported equity compensation and related equity movements. He was granted 5,513 Restricted Stock Units (RSUs) on May 28, 2026, which vest on May 28, 2027 and convert into an equal number of Class A common shares at no cost on vesting.
On May 27, 2026, 3,301 previously granted RSUs vested and were exercised into 3,301 shares of Class A common stock, increasing his direct common stock holdings to 13,204 shares. The filing also shows 2,554 deferred incentive units, each economically equivalent to one share of Class A common stock, with payment deferred until retirement, termination, or a change in control. The activity reflects compensation awards and derivative exercises, not open-market purchases or sales.
Mechanics Bancorp director Adrienne Y. Crowe reported compensation-related equity awards and an option-like exercise. On May 28, 2026 she was granted 5,513 Restricted Stock Units (RSUs), which vest on May 28, 2027 and will settle in the same number of Class A common shares when they vest.
On May 27, 2026, 3,301 previously granted RSUs vested and converted into 3,301 shares of Class A common stock, bringing her direct common stock holdings to 13,204 shares. She also holds 2,554 deferred incentive units, each economically equivalent to one share, with payment deferred until retirement, termination, or a change in control. The filing shows only grants and conversions, with no open-market buying or selling.
Mechanics Bancorp director Adrienne Y. Crowe reported compensation-related equity awards and an option-like exercise. On May 28, 2026 she was granted 5,513 Restricted Stock Units (RSUs), which vest on May 28, 2027 and will settle in the same number of Class A common shares when they vest.
On May 27, 2026, 3,301 previously granted RSUs vested and converted into 3,301 shares of Class A common stock, bringing her direct common stock holdings to 13,204 shares. She also holds 2,554 deferred incentive units, each economically equivalent to one share, with payment deferred until retirement, termination, or a change in control. The filing shows only grants and conversions, with no open-market buying or selling.
Mechanics Bancorp director Edward Michael Downer reported equity compensation and related holdings in Class A common stock. On May 28, 2026, he was granted 5,513 Restricted Stock Units (RSUs), which footnotes state will vest on May 28, 2027, each RSU converting into one share at vesting.
The filing also shows that 3,301 previously granted RSUs, awarded on May 21, 2025, vested on May 27, 2026 and were converted into 3,301 shares of Class A common stock held indirectly through a separate property trust. Downer’s reported indirect holdings include 1,511,898 shares in that trust and significant additional positions in several family dynasty trusts, plus 9,903 shares held directly and 2,554 incentive units – deferred that are economically equivalent to shares but payable after retirement, termination, or a change in control.
Mechanics Bancorp director Edward Michael Downer reported equity compensation and related holdings in Class A common stock. On May 28, 2026, he was granted 5,513 Restricted Stock Units (RSUs), which footnotes state will vest on May 28, 2027, each RSU converting into one share at vesting.
The filing also shows that 3,301 previously granted RSUs, awarded on May 21, 2025, vested on May 27, 2026 and were converted into 3,301 shares of Class A common stock held indirectly through a separate property trust. Downer’s reported indirect holdings include 1,511,898 shares in that trust and significant additional positions in several family dynasty trusts, plus 9,903 shares held directly and 2,554 incentive units – deferred that are economically equivalent to shares but payable after retirement, termination, or a change in control.
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.
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.
Mechanics Bancorp reported first-quarter 2026 results reflecting its post‑merger scale. Total assets were $21.39 billion and total deposits were $18.24 billion at March 31, 2026. Net income was $44.1 million, slightly above $43.8 million a year earlier, with net interest income rising to $179.0 million from $128.5 million.
Noninterest income increased to $21.0 million, helped by higher service charges, loan servicing and bank‑owned life insurance income, while noninterest expense rose to $130.4 million, including $4.8 million of acquisition and integration costs. Loans totaled $13.85 billion and the allowance for credit losses on loans increased to $156.8 million. Cash and cash equivalents declined to $483.5 million, driven by a $939.7 million net use of cash in financing activities, mainly an approximately $782.1 million decrease in deposits and redemption of $65 million of Senior Notes.
The 2025 merger with HomeStreet Bank was accounted for as a reverse acquisition, with Mechanics Bank as the accounting acquirer. A preliminary bargain purchase gain of $145.5 million was recorded, and fair value estimates for acquired assets and liabilities remain subject to adjustment within the one‑year measurement period. After quarter‑end, Mechanics Bank completed the previously announced sale of its Fannie Mae Multifamily DUS business line to Fifth Third for approximately $126 million in cash.
Mechanics Bancorp reported first-quarter 2026 results reflecting its post‑merger scale. Total assets were $21.39 billion and total deposits were $18.24 billion at March 31, 2026. Net income was $44.1 million, slightly above $43.8 million a year earlier, with net interest income rising to $179.0 million from $128.5 million.
Noninterest income increased to $21.0 million, helped by higher service charges, loan servicing and bank‑owned life insurance income, while noninterest expense rose to $130.4 million, including $4.8 million of acquisition and integration costs. Loans totaled $13.85 billion and the allowance for credit losses on loans increased to $156.8 million. Cash and cash equivalents declined to $483.5 million, driven by a $939.7 million net use of cash in financing activities, mainly an approximately $782.1 million decrease in deposits and redemption of $65 million of Senior Notes.
The 2025 merger with HomeStreet Bank was accounted for as a reverse acquisition, with Mechanics Bank as the accounting acquirer. A preliminary bargain purchase gain of $145.5 million was recorded, and fair value estimates for acquired assets and liabilities remain subject to adjustment within the one‑year measurement period. After quarter‑end, Mechanics Bank completed the previously announced sale of its Fannie Mae Multifamily DUS business line to Fifth Third for approximately $126 million in cash.