secwatch.observer — SEC 8-K summary
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Issuer:     Mechanics Bancorp (MCHB)
CIK:        0001518715
Form:       8-K/A
Filed at:   2025-09-25T23:59:59+00:00
Accession:  0001140361-25-036136
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518715/000114036125036136/0001140361-25-036136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518715/000114036125036136/ef20053929_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-036136

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