About Mechanics Bank
Mechanics Bank is a company based in Hercules (United States) founded in 1905 was acquired by Ford Financial Fund in June 2015. It operates as a Professional Services, and Brokerage / Intermediation. Mechanics Bank has completed 2 acquisitions, including Personal and Business banking products are offered by Rabobank and Scott Valley Bank. Mechanics Bank offers products and services including Personal Banking, Business Banking, Wealth Management, and Home Loans. Mechanics Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Hercules, United States
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Mechanics Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$64.75 M (USD), Post-IPO
Nov 25, 2014
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Ford Financial Fund
(Jun 01, 2015)
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Products & Services of Mechanics Bank
Mechanics Bank offers a comprehensive portfolio of products and services, including Personal Banking, Business Banking, Wealth Management, and Home Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal banking services are provided for individual clients.
Business banking solutions are offered to corporate clients.
Wealth management services are delivered to high-net-worth individuals.
Home loan solutions are provided for property purchases.
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Leadership Team
35 people
Software Development Team
21 people
Legal and Compliance
8 people
Operations Team
7 people
Sales and Marketing
4 people
Senior Team
4 people
Finance and Accounting
3 people
Human Resources and Administration
3 people
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Funding Insights of Mechanics Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $64.8M
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First Round
First Round
(25 Nov 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2014 | Amount | Post-IPO - Mechanics Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mechanics Bank
Mechanics Bank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Ford Financial Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A private equity fund focused on community bank investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mechanics Bank
Mechanics Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Personal and Business banking products are offered by Rabobank and Scott Valley Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Operates as a commercial bank offering deposits, loans, and payment services to individual and business customers.
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2002 | ||||
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Business loans and equipment leasing services are provided to clients.
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1858 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mechanics Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mechanics Bank Comparisons
Competitors of Mechanics Bank
Mechanics Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Wealth advisory and banking services are offered to clients.
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Global banking, investment, and wealth management services are offered worldwide.
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Commercial banking services are provided to businesses and individuals.
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Diversified financial services are offered through commercial banking operations.
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Regional bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mechanics Bank
Frequently Asked Questions about Mechanics Bank
When was Mechanics Bank founded?
Mechanics Bank was founded in 1905 and raised its 1st funding round 109 years after it was founded.
Where is Mechanics Bank located?
Mechanics Bank is headquartered in Hercules, United States. It is registered at Hercules, California, United States.
Who is the current CEO of Mechanics Bank?
John DeCero is the current CEO of Mechanics Bank.
What does Mechanics Bank do?
Mechanics Bank is established as a provider of personal and business banking solutions. Services are offered across sectors including retail banking, commercial lending, and wealth management. Various financial products such as checking accounts, savings accounts, home loans, and investment management are provided. The bank is committed to safety and soundness, with a history of navigating economic challenges since 1905. Tailored solutions for businesses, including equipment financing and treasury management, are also delivered to support client needs.
Who are the top competitors of Mechanics Bank?
What products or services does Mechanics Bank offer?
Mechanics Bank offers Personal Banking, Business Banking, Wealth Management, and Home Loans.
How many acquisitions has Mechanics Bank made?
Mechanics Bank has made 2 acquisitions, including Personal and Business banking products are offered by Rabobank, and Scott Valley Bank.
Who are Mechanics Bank's investors?
Mechanics Bank has 1 investor. Key investors include Ford Financial Fund.