Mechanics Bank (CA) is headquartered in WALNUT CREEK and is the 8th largest bank in the state of California. It is also the 111th largest bank in the nation. It was established in 1905 and as of June of 2024, it had grown to 1,440 employees at 121 locations. Mechanics Bank (CA) has an A health rating.
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Worst Bank.....
This Bank is trash they do not communicate with you..I got my car repossessed unfortunately and I have called and called and called to see about trying to get the car back and haven't gotten a response from anyone regarding this matter..If I can be helpful to anyone please do not bank with this company.
Auto Loan Finance
the worst bank in the world
close to 10 years I had an auto loan with this bank.
If I was late they would charge me daily interest.
you pay more interest than what the car is worth.
Finally, I paid the bank off and have been waiting to get my title for almost one month.
first, they told me they will mail the title and electronically inform DMV.
after one week of going to the DMV. DMV told me if they would have released the lien it would show up within a few days, so I called them back and explain to them what DMV had said, at that point, they told me that they didn't file with DMV and I haven't received my title in the mail. Stay away from this bank as much as you can.
AWEFUL Service/Nearly Impossible To Payoff Loans Early
Recently got an auto loan through Mechanics Bank. Called customer service 2X and had to wait +20 minutes the 1st time and +30 minutes the 2nd time to speak to a representative. Found out that you are limited on how much you can pay each month via online transactions. When asked if I could pay extra on my loan electronically and have it applied to the principal, was told "No" - I would have to send a separate check by snail mail each month along with a letter saying to apply it to the principle and note it on the Memo. This bank DOES NOT want customers to pay off loans early. I'm paying off the loan TODAY and going through my regular bank so I can pay as much and as often as I want. AND when I call, I can speak to someone within a minute or two.
Worst Bank
Do not intentionally do business with this bank. My home loan recently got sold to them and I have had nothing but problems. All my other mail shows up on time I continually do not have statements/bills mailed to me.
Today after returning from a trip I wanted to make a payment in person I called the advised me I can go to any of my local offices to make a payment I drove down (two cities away). To be told over a doorbell phone that they would not accept my payment there. So glad I will never be a voluntary customer of your shitty bank.
Thanks!
Worse Bank In The World
Please never do business with Mechanics Bank, it's customer service is worse in the planet, their web site is looking like it's from the previous century, there are unclear limits, they do not allow you to pay as much as you want, there are bunch of stupid limits that go against the credit agreement. Looking forward to refinance my credit and never never never come back to mechanics bank
Don't Do It
Don't get a loan here you will b ripped off worse place to deal with nothing matches with what i sign on my paper work. customer service is horrible the online site is trash just don't do it
Like Being In A Narcissistic Relationship
After nine years of patronage, I closed out my accounts w/ you today, never to return. In 2012, after my divorce, I started a checking account w/ Mechanic’s Bank and expected to bank with you for the rest of my life but, no more. The last few years of banking with you has felt reminiscent of being in a relationship with a narcissist. First, you closed down your Sacramento branch creating a hardship for all your Sacramento patrons. Whenever I’d have to do business at a “local” branch, I’d either have to drive 22.5 miles up to Roseville -a trip which takes anywhere from 35 minutes to an hour depending on the god awful traffic Roseville incurs on a daily basis- or drive 25.5 miles up the hill to the El Dorado Hills branch -a trip which takes 28-45 minutes, depending on traffic. You have been promising to open up a new brick and mortar in Sacramento for the last three years. THREE YEARS! If I can afford rent in Midtown, so can you! Making promises you never intend to keep is called Future Faking. It’s a tactic narcissists use to keep stringing their partners along. Another issue is your online banking, or lack thereof. I have been trying for MONTHS to sign up for your online banking but it NEVER goes through. I’ve even wasted HOURS of my precious life sitting on the phone w/ your people trying to see if they could sign me up over the phone, only to be told time and time again that your “systems are down”. Even my friends would ask me, “Why are you still banking w/ them? They sound like such a hassle” & I’d defend you. No more! The last straw was when YOU cancelled my ATM card b/c of a one cent fraud charge and wouldn’t overnight me a new card for free. I explained to your staff that I was in the middle of a move and didn’t have the time to deal w/ having to drive to A COMPLETELY DIFFERENT CITY to get a new card issued to me. After nine years of patronage, NINE YEARS, you still said I had to pay $50 (FIFTY DOLLARS!?!?) if I wanted a card to be overnighted to me. Not once had I ever, in our entire nine year relationship, required you to overnight me anything and yet, you couldn’t do this for me, knowing that YOU had deactivated my card & YOU had shut down my local branch. It’s been fourteen days and I STILL haven’t received my replacement card!! Banking w/ you was like being in an abusive relationship and I would recommend you to no one.
Terrible Decline
Mechanics bank was once terrific, with smart people, great service. Now, it is no different from the giants. I’m moving all my money as soon as it’s convenient.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 1768 |
| Year Established | 1905 |
| Employees | 1440 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.72% |
| Return on Equity - YTD | -5.62% |
| Annual Interest Income | $366.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $17.33B$18.18B |
| Loans | Q2 2024vs Q2 2023 | $10.11B$11.51B |
| Deposits | Q2 2024vs Q2 2023 | $14.1B$15.04B |
| Equity Capital | Q2 2024vs Q2 2023 | $2.24B$2.13B |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $108MM$167.5MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $16.3MM$69MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $17.9MM$0 |
