---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-045033"
form_type: "8-K"
ticker: "MCHB"
cik: "0001518715"
company_name: "Mechanics Bancorp"
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:47:26.206834+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 to sell Fannie Mae DUS business to Fifth Third for ~$130M cash

## Summary
- Purchase price ~$130M cash, subject to adjustment for changes in fair value of mortgage servicing rights.
- Acquired portfolio includes ~$1.8B in DUS servicing rights and associated escrow deposits.
- Closing expected Q1 2026, conditioned on Fannie Mae's approval of Fifth Third as authorized DUS lender.
- Mechanics Bank employees operating the DUS business will be hired by Fifth Third.

## SEC filing metadata
- accession: 0001140361-25-045033
- form_type: 8-K
- ticker: MCHB
- cik: 0001518715
- company_name: Mechanics Bancorp
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518715/000114036125045033/0001140361-25-045033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518715/000114036125045033/ef20060691_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-045033
- JSON: https://secwatch.observer/filing/0001140361-25-045033.json
- Plain text: https://secwatch.observer/filing/0001140361-25-045033.txt

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