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Mechanics Bank (MCHB) has declared a cash dividend of
Mechanics Bank (MCHB) has declared a special cash dividend of $2,569 per common share, payable on August 5, 2021 to stockholders of record as of August 2, 2021. The Bank's Board will evaluate future dividends based on operations, financial condition, and capital requirements. Mechanics Bank, founded in 1905, is a leading California-based bank with approximately $19 billion in assets and a strong deposit franchise comprising 123 branches.
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