Mechanics Bancorp sets Q3 dividends: $0.25, $2.50
Mechanics Bancorp (MCHB) reported that its Board of Directors declared a cash dividend of $0.25 per share on Class A common stock and $2.50 per share on Class B common stock.
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Form Type
8-K
Rhea-AI Filing Summary
Mechanics Bancorp (MCHB) reported that its Board of Directors declared a cash dividend of $0.25 per share on Class A common stock and $2.50 per share on Class B common stock. The dividend is payable on September 1, 2026 to shareholders of record as of the close of business on August 29, 2026.
Mechanics Bancorp, the financial holding company for Mechanics Bank, is headquartered in Walnut Creek, California. Mechanics Bank is an FDIC-insured, full-service bank with $21.2 billion in assets as of June 30, 2026 and 166 branches across California, Oregon, Washington and Hawaii.
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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 per share: $0.25 per share
Class B dividend per share: $2.50 per share
Dividend record date: August 29, 2026
+3 more
6 metrics
Class A dividend per share
$0.25 per share
Cash dividend on Class A common stock declared for third quarter 2026
Class B dividend per share
$2.50 per share
Cash dividend on Class B common stock declared for third quarter 2026
Dividend record date
August 29, 2026
Shareholders of record as of close of business on this date receive the dividend
Dividend payment date
September 1, 2026
Scheduled payment date for declared cash dividends on Class A and Class B shares
Total assets
$21.2 billion
Mechanics Bank assets as of June 30, 2026
Branch count
166 branches
Mechanics Bank locations across California, Oregon, Washington and Hawaii
Key Terms
financial holding company, FDIC-insured, cash management services, wealth management and trust services
4 terms
financial holding company financial
"Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the financial holding company"
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.
FDIC-insured financial
"Mechanics Bank, a full-service, FDIC-insured bank with $21.2 billion in assets"
"FDIC-insured" means that a bank or savings institution is protected by the Federal Deposit Insurance Corporation, which guarantees that depositors will get back their money up to a certain limit if the bank fails. This insurance provides peace of mind, similar to a safety net, ensuring that your savings are protected even if the bank encounters financial trouble. It helps build trust and confidence for people saving or investing their money in banks.
cash management services financial
"offers a wide range of products and services in consumer and business banking, commercial lending, cash management services"
wealth management and trust services financial
"private banking, and comprehensive wealth management and trust services"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What dividend did Mechanics Bancorp (MCHB) declare for the third quarter of 2026?
Mechanics Bancorp declared a cash dividend of $0.25 per share on Class A common stock and $2.50 per share on Class B common stock for the third quarter of 2026.
When is the Mechanics Bancorp (MCHB) dividend record date and payment date?
The dividend is payable on September 1, 2026 to shareholders of record as of the close of business on August 29, 2026, as approved by the Board of Directors.
Which classes of Mechanics Bancorp (MCHB) stock receive the announced dividend?
The dividend applies to both Class A common stock and Class B common stock, at $0.25 and $2.50 per share respectively, as described in the company’s announcement.
How large is Mechanics Bancorp (MCHB) based on assets?
Mechanics Bancorp’s banking subsidiary, Mechanics Bank, reported $21.2 billion in assets as of June 30, 2026, reflecting the scale of its full-service banking operations in multiple western U.S. states.
How extensive is Mechanics Bancorp’s branch network?
Mechanics Bank operates 166 branches across California, Oregon, Washington and Hawaii, offering consumer and business banking, commercial lending, cash management, private banking, and wealth management and trust services.
On which exchange is Mechanics Bancorp (MCHB) listed?
Mechanics Bancorp’s Class A common stock trades under the symbol MCHB on The Nasdaq Global Select Market, as indicated in its securities registration details.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
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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): August 19, 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 August 19, 2026, the Board of Directors of Mechanics Bancorp approved a cash dividend of $0.25 per share of Class A common stock and $2.50 per share of Class B common stock, each payable on September 1, 2026, to shareholders of record as of the close of business on August 29, 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 August 19, 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: August 19, 2026
| MECHANICS BANCORP | |||||||||||
| By: | /s/ Nathan Duda | ||||||||||
| Nathan Duda | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||
3
Mechanics Bancorp Declares Third Quarter 2026 Cash Dividend
8/19/2026
WALNUT CREEK, Calif.– Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.25 per share of Class A common stock and $2.50 per share of Class B common stock, each payable on September 1, 2026, to shareholders of record as of the close of business on August 29, 2026.
About Mechanics Bancorp
Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service, FDIC-insured bank with $21.2 billion in assets as of June 30, 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.
Contact:
Nathan Duda
Executive Vice President, Chief Financial Officer
ir@mechanicsbank.com