Mechanics Bank adds competition to Central Coast

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Mechanics Bank adds competition to Central Coast

By Annabelle Blair / Friday, August 9th, 2019 / Comments Off on Mechanics Bank adds competition to Central Coast

The ever-shifting tri-county banking landscape will soon be making room for more focused competitors in business banking and agribusiness. Mechanics Bank received regulatory approval for its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group, on July 29. Approvals came from the Federal Reserve, the Office of the Comptroller of Currency, the Federal Deposit Insurance…

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