---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-036136"
form_type: "8-K/A"
ticker: "MCHB"
cik: "0001518715"
company_name: "Mechanics Bancorp"
filed_at: "2025-09-25T23:59:59+00:00"
generated_at: "2026-05-17T05:39:42.201509+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mechanics Bancorp files pro forma for merger; bargain purchase gain of $111.4M

## Summary
- Mechanics Bank shareholders to own 91.34% of combined entity; fixed exchange ratio of 3,301.09 Class A shares per Mechanics Bank voting share.
- Preliminary purchase price of $265.8M based on $13.87/share; preliminary bargain purchase gain of $111.4M.
- Pro forma combined assets of $24.1B; net interest income for H1 2025 was $353.4M.
- Core deposit intangible of $101.4M recognized; DUS license intangible of $15.0M.
- Pro forma net loss of $114.6M for FY2024 reflects Company historical losses and transaction adjustments.

## SEC filing metadata
- accession: 0001140361-25-036136
- form_type: 8-K/A
- ticker: MCHB
- cik: 0001518715
- company_name: Mechanics Bancorp
- filed_at: 2025-09-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518715/000114036125036136/0001140361-25-036136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518715/000114036125036136/ef20053929_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-036136
- JSON: https://secwatch.observer/filing/0001140361-25-036136.json
- Plain text: https://secwatch.observer/filing/0001140361-25-036136.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.