A regional full-service bank for the Western US, like a smaller Wells Fargo.

Think of it as a Western US version of US Bank, serving both consumers and businesses.

C.J. Johnson, President and Chief Executive Officer

Mr. Johnson has been President and Chief Executive Officer of Mechanics Bank since January 2025, having served in an interim capacity since February 2024. He is also a Partner of Ford Financial Fund, which has been the majority owner of Mechanics Bank since 2015. Previously, he held the role of Executive Vice President and Chief Financial Officer of Mechanics Bank. With nearly 20 years of experience in financial services leadership, Mr. Johnson previously served as Senior Vice President and Director of Financial Planning at Santa Barbara Bank & Trust, which he joined in 2010. Before that, he was an Associate at Flexpoint Ford, a private equity firm specializing in financial services investments. He began his career as an investment banking Analyst at Credit Suisse. Mr. Johnson has been instrumental in executing Ford Financial Fund's acquisition strategy, contributing to Mechanics Bank's growth from $3 billion in assets in 2015 to nearly $17 billion. He also chairs the Board of Directors of Richmond Housing Renovation, LLC, a non-profit organization. Mr. Johnson holds a B.A. in Economics from the University of Michigan.

Nathan Duda, Executive Vice President and Chief Financial Officer

Mr. Duda was appointed Chief Financial Officer of Mechanics Bancorp on September 2, 2025. He has served as Executive Vice President and Chief Financial Officer of Mechanics Bank since June 2016. Prior to becoming CFO, he was the Chief Accounting Officer for Mechanics Bank. Before joining Mechanics Bank, Mr. Duda was Chief Accounting Officer and Executive Vice President, Finance, at Banc of California. His career also includes senior positions at Union Bank, Santa Barbara Bank & Trust, OneWest Bank, and Affinity Bank. Mr. Duda is a licensed CPA and holds a degree in Business Economics from the University of California, Santa Barbara.

Carl B. Webb, Executive Chairman of the Board

Mr. Webb serves as Executive Chairman of Mechanics Bancorp and has been Chairman of the Board for Mechanics Bank since 2015. He is also the Managing Partner of the Ford Financial Funds, the majority owner of Mechanics Bank, and brings over 40 years of banking industry experience. Mr. Webb previously held the position of Chief Executive Officer of Pacific Capital Bancorp, a portfolio company of the Ford Financial Fund. From 1994 to 2002, he was President, Chief Operating Officer, and a Director of Golden State Bancorp and California Federal Bank, FSB. Prior to that, he served as President and Chief Operating Officer of First Gibraltar Bank, FSB from its inception in 1988 until its sale in 1994. He began his tenure with Ford Bank Group, Inc. as President of First National Bank Lubbock in 1983. Mr. Webb currently serves as a Director of Hilltop Holdings Inc. and Prologis, Inc. He earned a B.B.A. degree from West Texas A&M University and is an alumnus of the Southwestern Graduate School of Banking at Southern Methodist University.

Chris Pierce, Executive Vice President, Chief Operating Officer

Mr. Pierce was appointed Executive Vice President, Chief Operating Officer of Mechanics Bank in December 2019, having joined the Bank in 2016 as Chief Administrative Officer. He has over 25 years of banking experience, starting his career as a consultant for a regional firm specializing in core data processing conversions and bank migrations, where he completed more than 140 such projects. His prior roles include positions with California Republic Bank (as Chief Administrative Officer), Western Financial Bank, and Wachovia Bank.

Tony Kallingal, Executive Vice President, Chief Banking Officer

Mr. Kallingal was appointed Executive Vice President and Chief Banking Officer of Mechanics Bank in January 2021. He previously served as Head of Business Banking. With over 20 years of experience, Mr. Kallingal is an accomplished executive in retail and commercial banking, with expertise spanning branch strategy, commercial banking, treasury management, and small-business banking. He is a graduate of Saint Mary's College and the Pacific Coast Banking School.

Here are the key risks to the business for Mechanics Bancorp (MCHB):

1. Interest Rate Risk: Mechanics Bancorp faces substantial exposure to fluctuations in interest rates, which can significantly impact its net interest income and the overall value of its portfolio. Both increases and decreases in interest rates have the potential to adversely affect the company's financial performance.
2. Integration Risks from Recent Merger: The company recently completed a major acquisition of HomeStreet Bank on September 2, 2025. This merger introduces significant integration risks and costs, including the challenge of combining operations, systems, and corporate cultures, as well as managing the expectations and maintaining the loyalty of customers from both legacy institutions during the transition.
3. Dependence on Regional Economies: Mechanics Bancorp's operations are geographically concentrated across the Western United States, specifically in California, Oregon, Washington, and Hawaii. This concentration makes the company particularly susceptible to economic downturns or fluctuations within these regional economies, which could disproportionately affect its loan portfolio, deposit base, and potentially lead to increased credit losses and reduced liquidity.

Addressable Markets for Mechanics Bancorp's Main Products and Services

Mechanics Bancorp (MCHB) operates as the financial holding company for Mechanics Bank, providing a comprehensive suite of banking services in California, Oregon, Washington, and Hawaii. Its main products and services fall into categories such as retail/consumer banking, commercial/business banking, and wealth management/trust services.

The addressable markets for these services are substantial within the United States and specifically in the Western US regions where the bank primarily operates.

• Regional Banking Market: The overall market size for Regional Banks in the U.S. was approximately $483.8 billion in 2025.
• Retail/Consumer Banking Market: The U.S. retail banking market generated a revenue of $454.3 billion in 2024 and is projected to reach $678.3 billion by 2033. Another estimate places the U.S. retail banking market size at $0.91 trillion in 2026, with a projection to reach $1.11 trillion by 2031. Consumer lending, a significant component of retail banking, had a global market size of $27 trillion and is growing. The U.S. loan market (including consumer loans and mortgages) was valued at $1,123.45 billion in 2024 and is expected to reach $1,872.45 billion by 2030.
• Commercial/Business Banking Market: The U.S. commercial banking market size was estimated at $229 billion in 2023 and is expected to grow to $339 billion by 2032. Other reports indicate the U.S. commercial banking market size was $1.6 trillion in 2025 and is projected to be $1.6 trillion in 2026. Specifically, for commercial lending, the North American market is projected to reach a valuation of $2,892.50 billion by 2025.
• Wealth Management and Trust Services Market: The global wealth management market size was valued at $1,636.83 billion in 2024 and is predicted to grow to approximately $4,893.17 billion by 2034. North America contributed about two-thirds of the global wealth management market revenue in 2022. The Trusts & Estates market in the U.S. was $290.1 billion in 2025. The broader Trust, Fiduciary, and Custody Activities industry has a total addressable market valued at approximately $150 billion.