Mechanics Bancorp (NASDAQ: MCHB) approves new cash dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Mechanics Bancorp is updating its corporate rules and returning cash to shareholders. The board amended the company’s bylaws to state that shares will generally be uncertificated and maintained in electronic book-entry form unless the board decides otherwise.
The board also declared a cash dividend of $0.40 per share for Class A common stock and $4.00 per share for Class B common stock, payable on March 19, 2026 to shareholders of record on March 9, 2026. Mechanics Bancorp is the financial holding company for Mechanics Bank, which reported $22.4 billion in assets and 166 branches across California, Oregon, Washington and Hawaii as of December 31, 2025.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 25, 2026
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(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):
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On February 25, 2026, the Board of Directors of Mechanics Bancorp (the “Company”) approved and adopted an amendment to the Company’s Amended and Restated Bylaws. The amendment revises Sections 4.1 and 4.3 of the Amended and Restated Bylaws to clarify that the Company’s shares will be uncertificated unless the Board of Directors provides otherwise, and that uncertificated shares will be recorded in book-entry form. The description of the amendments to the Amended and Restated Bylaws contained in this report does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended and Restated Bylaws, a copy of which is attached hereto as Exhibit 3.1.
Item 8.01 Other Events
On February 25, 2026, the Board of Directors of the Company approved a cash dividend of $0.40 per share of Class A common stock and $4.00 per share of Class B common stock, each payable on March 19, 2026, to shareholders of record as of the close of business on March 9, 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 3.1 | Amended and Restated Bylaws, effective as of February 25, 2026 | ||||
| Exhibit 99.1 | Mechanics Bancorp Press Release Dated February 27, 2026 | ||||
| Exhibit 104 | Cover Page Interactive Data File (embedded within with Inline XBRL) | ||||
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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: February 27, 2026
| MECHANICS BANCORP | |||||||||||
| By: | /s/ Nathan Duda | ||||||||||
| Nathan Duda | |||||||||||
| Executive Vice President and Chief Financial Officer | |||||||||||
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Mechanics Bancorp Declares Cash Dividend
Company Release – 2/27/2026
WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.40 per share of Class A common stock and $4.00 per share of Class B common stock, each payable on March 19, 2026, to shareholders of record as of the close of business on March 9, 2026.
About Mechanics Bancorp
Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $22.4 billion in assets as of December 31, 2025, 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
FAQ
What dividend did Mechanics Bancorp (HMST) declare in February 2026?
Mechanics Bancorp declared a cash dividend of $0.40 per share on Class A common stock and $4.00 per share on Class B common stock, payable March 19, 2026 to shareholders of record on March 9, 2026.
When will Mechanics Bancorp (HMST) pay its newly declared dividend?
The dividend will be paid on March 19, 2026. Shareholders must be on record as of the close of business on March 9, 2026 to receive the $0.40 Class A and $4.00 Class B cash dividends.
How did Mechanics Bancorp (HMST) change its bylaws regarding share certificates?
Mechanics Bancorp’s board amended the bylaws to clarify that company shares will be uncertificated unless the board decides otherwise. These uncertificated shares will be recorded in book-entry form, reflecting fully electronic ownership records instead of paper stock certificates.
What is the size of Mechanics Bancorp (HMST) and its banking operations?
Mechanics Bancorp is the holding company for Mechanics Bank, a full-service bank with $22.4 billion in assets as of December 31, 2025 and 166 branches across California, Oregon, Washington and Hawaii, offering consumer, business, commercial and wealth management services.
Which classes of Mechanics Bancorp (HMST) stock receive the 2026 dividend?
Both Class A and Class B common stock receive dividends. Class A shareholders will get $0.40 per share, while Class B shareholders will receive $4.00 per share, with the same March 9, 2026 record date and March 19, 2026 payment date.
Filing Exhibits & Attachments
5 documentsPress Releases
Mechanics Bancorp