Welcome California Republic Bank Clients

We are pleased to announce that the merger of California Republic Bank and Mechanics Bank was completed on October 1, 2016.

We’re two banks that share the same commitment to the unique and growing needs of individuals, families, local businesses and the communities we serve. Like California Republic Bank, we’re committed to providing our clients with customized solutions and personalized service.

Mechanics Bank has been rooted in California for more than 110 years. We’ve built a full-service community bank that offers our clients the resources and knowledge to achieve big financial goals, while never forgetting that we all benefit when our local communities thrive. And with this continued commitment, we’ll all be able to have an even greater impact in our local communities.

For now, please continue banking as you normally do with California Republic Bank. The full integration of various banking systems, accounts, and other services is planned to be completed by the spring of 2017. Additional communication will be sent to you in the near future with information and/or actions needed on your part.

Please know that throughout this process, It’s our goal to make this transition as smooth and seamless as possible for you. Please feel free to reach out to your banker, relationship manager, or local branch at any time with questions, or contact us at 800.797.6324.

We know you’re going to like it at Mechanics Bank, and there’s a lot to be excited about. We’d like to thank you for your continued trust, loyalty and commitment. We all have a very bright future together.


 

FAQs – Answers to your most frequently asked questions

It’s our goal to make this transition as smooth and seamless as possible for you. Please feel free to reach out to your banker, relationship manager, or local branch at any time with any questions, or contact us at 800.797.6324. As we approach our spring 2017 systems integration date, we will contact you and explain what you can expect and what may be needed on your part. For now, and as a former CRB client, here are some answers to some questions you may have.

General

As a CRB client, do I need to do anything different right now?

No. Even though the two banks legally merged effective on October 1, 2016, for the time being you can continue to bank with California Republic Bank exactly the same way you always have. You will begin to see the Mechanics Bank name and logo appear in the area branches, on your statements, etc., but your accounts and the way you bank are not change at this time. As we work towards a systems conversion date in the spring of 2017 we will notify you of any impact.

I’m a Mechanics Bank client… do I need to do anything different right now?

No. Merging with California Republic Bank will not have any impact on your accounts. As we integrate systems this spring, you will have additional tools, resources and branch access in the in Southern California.

Are any CRB branches closing?

No. There will not be any impact to the California Republic Bank branches. We are, however, moving forward with plans to move the Newport Beach branch to a new location in the Fashion Island area, sometime in the near future. This was already in the works prior to this merger announcement.

Are office hours changing at any of the CRB branches or offices?

No.

When will the merger be complete?

The merger was completed on October 1, 2016, however the integration of our various banking systems, websites, and brand changes will be on going for the next several months. That is why for the time being, you should continue banking activity with California Republic Bank as usual. We will reach out to you to keep you informed, and also to let you know when any actions are necessary on your behalf.

Will my CRB personal banker or relationship manager still be working with me?

Yes. That is our expectation. We are not anticipating any significant personnel changes associated with this merger.

What are the benefits of this merger?

Our combined organization will be much better positioned to serve the needs of our client base.  Our strong capital position and increased asset size allows us to meet your growing and more diverse banking and lending needs. In addition, Mechanics Bank’s personal banking, wealth management and trust services allows us to serve your complete banking business and personal financial needs all in one place, with the financial partners you trust.

Accounts

Will my CRB account number change?

No, not at this time. As we begin to integrate our various banking systems we will let you know of any impact to your accounts.

Will there be any changes to my CRB accounts?

No, not at this time. As we begin to integrate our various banking systems we will let you know of any impact to your accounts.

How will I know about any changes to my CRB accounts?

Your personal banker will keep you posted, and you will receive an official notice from Mechanics Bank before any changes will be made, or actions needed on your behalf regarding your accounts.

Can I use a Mechanics Bank branch in Northern California to conduct my banking?

Yes. Please refer to the locations page.

Can I use Mechanics Bank ATMs?

Yes, although until our systems are integrated this spring, you will continue to see your ATM surcharge rebates appear on your monthly statements.

Can I still perform wire transfers with CRB in the way I’m used to?

Yes. Please continue to perform wire transfers with CRB as you always have, until instructed otherwise.

Should I continue to make CRB loan payments the same way?

Yes. Please continue to submit your CRB loan payments as you always have, until instructed otherwise.

Do I have to order new checks, cards with the Mechanics Bank name?

No. Not at this time. As we merge our systems, we will update you with information on your debit card and your checks.

When will my CRB account statements change?

You will begin to see the Mechanics Bank logo appear on your account statements in the next month or two. Please note this does not indicate that we have made any changes to your accounts. We will contact you before any changes are made or needed.

Do I need to resign any of my CRB documents/agreements/forms with Mechanics Bank?

No. Not at this time.

Will my CRB fees change?

No fees will change as a result of the merger.

Online Banking

Is my CRB online banking access the same?

Yes, please continue to use your CRB online banking as you always have. We will contact you before any changes are made or needed.  If you ever receive a suspicious email or notice from someone claiming to be CRB or Mechanics Bank, please contact your banker immediately and discuss the communication before acting on it.

Will my direct deposits, automatic transfers, online bill payments and other electronic transactions from my CRB accounts continue?

Yes, for the time being. We will contact you before any changes are made or needed.

Will my CRB account ACH deposits and debits continue?

Yes, for the time being. We will contact you before any changes are made or needed.

Loans/Lending

Will my CRB loan account number change?

No, not at this time. We will contact you before any changes are made or needed.

Will the interest rate on my CRB loan change?

No, the merger does not have any impact on existing loans or commitments.

I’m in the process of getting a new loan with CRB, what happens next?

Please continue working with your personal banker or relationship manager at California Republic Bank.  They will be equipped to inform you of any changes necessary.

Do I change the way I make a payment to CRB?

No. Please continue to submit your payments as you always have, until instructed otherwise.

FDIC Insurance

Are my deposits at CRB still insured?

Yes. As of October 1, 2016 California Republic Bank and Mechanics Bank are considered insured by the same depository institution (Mechanics Bank).

Basic FDIC insurance coverage for deposit accounts (checking, savings, money market, and certificates of deposit [CDs]) is $250,000. If you have deposits at both banks at this time, your deposits will remain insured separately for at least six months from this date and possibly longer for CDs. This grace period gives you the opportunity to restructure your accounts, if necessary. 

You may also qualify for more than $250,000 in FDIC insurance coverage if you own deposit accounts in different ownership categories. Your relationship manager or banker at any of our local branches will be able to discuss account options and additional solutions with you to maximize your FDIC insurance.

Additional information can be found at www.fdic.gov. Additional information on how to maximize your FDIC insurance can be found at www.fdic.gov/edie/calculator.html

How can I restructure my accounts to maximize FDIC Insurance?

Your relationship manager or a banker at any of our local branches will be able to discuss account options and additional solutions with you to maximize your FDIC insurance.