Mechanics Bank (CA)

Overview / Commentary
1111 Civic Drive
Walnut Creek, CA 94596

Mechanics Bank (CA) is headquartered in WALNUT CREEK and is the 8th largest bank in the state of California. It is also the 110th largest bank in the nation. It was established in 1905 and as of March of 2024, it had grown to 1,477 employees at 121 locations. Mechanics Bank (CA) has a B health rating.

Mechanic's Bank Rocks

My partner and I have our own general contracting business, specializing in residential remodels. We began using Mechanic's Bank for our business account approximately 15 years ago. Mechanics Bank rocks!
We love the personal service and attention that we get from Mechanic's Bank. They treat us like they're happy to see us. They're always happy to help when we have a question about our account, or about other services like Cashier's Checks or Government Savings Bonds. And they even provide a security guard who helps people safely cross the busy parking lot at our local branch, which is located right on the corner of a busy intersection.
We appreciate that they have many convenient local branches and that they offer a business checking account that meets our needs.
I would recommend Mechanic's Bank to anyone looking for a small, local bank.

Mechanics Bank, Nice Name

Posted by: |

This is a decent bank. Yes they are local and there seems to be a few sincere people working there, well at least at my local Berkeley branch. I like their name because I am a mechanic type of person, I rampantly fix things. However, a bank is a bank, they are people whose focus in life is money (not fixing things, that's just a name) so unsatisfactory experiences should be considered normal.
Yesterday, I deposited a check into my business account and I left and called the manager back at the Oakland office, her name is Emily Chan, to check on funds availability. She told me that the funds would be available immediately. When I got home from work to pay a credit card so that I could make an important purchase the next day, I found that only $200 is available of a much larger deposit. So actually the bank manager just casually lied to me. I called in to speak to someone about the incident that evening and after waiting 45 minutes, the customer service manager came on the telephone and told me I should contact Rauly Butler the next morning (a Saturday) to report the incident and clear up the situation. Since that information sounded somewhat strange, I asked about his working hours and that supervisor actually gave me specific hours, I called and of course he does not even work on the weekends. What did I get? apologies of course and nothing else. I know I am so naive, but anyways bottom line is I have had a better bank but god knows next to Chase, B of A, etc, this is a great bank.

Worst Bank.....

Posted by: |

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

Posted by: |

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.


Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Mechanics Bank (CA) has a negative return on equity.

Health Grade Components

FDIC Certificate #1768
Year Established1905
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-2.6%
Return on Equity - YTD-20.44%
Annual Interest Income$172.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$17.34B$17.95B
LoansQ1 2024vs Q1 2023$10.33B$11.8B
DepositsQ1 2024vs Q1 2023$14.17B$14.84B
Equity CapitalQ1 2024vs Q1 2023$2.2B$2.11B
Loan Loss AllowanceQ1 2024vs Q1 2023$120.8MM$175.5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$36.1MM$40.3MM
Real Estate OwnedQ1 2024vs Q1 2023$19.3MM$114K

Sorry, we do not have rate data for Mechanics Bank (CA).



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