Mechanics Bank

BANKFIRST CAPITAL CORPORATION Reports Fourth Quarter and Year-End 2023 Earnings of $6.5 Million and $28.2 Million, respectively

Retrieved on: 
Tuesday, January 30, 2024
OTCQX, CDFI, Bank First, Environment, Community development, FRB, Federal Reserve Bank, Mechanics Bank, Total, Risk, Acquisition, Bank, Federal Home Loan Banks, Video game

Net income totaled $6.5 million, or $1.20 per share, in the fourth quarter of 2023 compared to $7.0 million, or $1.31 per share, in the fourth quarter of 2022.

Key Points: 
  • Net income totaled $6.5 million, or $1.20 per share, in the fourth quarter of 2023 compared to $7.0 million, or $1.31 per share, in the fourth quarter of 2022.
  • Net interest income totaled $21.6 million in the fourth quarter of 2023 compared to $21.4 million in the fourth quarter of 2022.
  • Net interest income was $21.6 million for the fourth quarter of 2023, compared to $21.6 million for the third quarter of 2023 and $21.4 million for the fourth quarter of 2022, an increase of 1% from the prior year period.
  • Noninterest expense was $19.2 million for the fourth quarter of 2023, compared to $20.0 million for the third quarter of 2023 and $17.3 million for the fourth quarter of 2022, a decrease of 4% and an increase of 11%, respectively.

Lantronix Appoints Christa Steele to Its Board of Directors

Retrieved on: 
Thursday, January 25, 2024
Tanimura & Antle, Tanimura, Business, University, Mechanics Bank, MBA, Marshall School, Industrial, The Doctors Company, Internet of things, Intelligence, California State University, Management

Following the appointment of Steele, the Board will be comprised of six directors, five of whom are independent under applicable listing standards of the Nasdaq Stock Market.

Key Points: 
  • Following the appointment of Steele, the Board will be comprised of six directors, five of whom are independent under applicable listing standards of the Nasdaq Stock Market.
  • “We are very pleased to welcome Christa Steele to the Lantronix Board of Directors,” said Saleel Awsare, CEO and president of Lantronix.
  • She will be a valuable addition to the Lantronix Board of Directors,” said Jason W. Cohenour, chairman of the Board for Lantronix.
  • In addition to the Lantronix Board of Directors, she also currently serves on the boards of Velocity Risk, The Doctors Company and Tanimura & Antle.

Hamilton Zanze Mourns the Passing of David Messing

Retrieved on: 
Tuesday, November 21, 2023
Martien Houtkooper, Economics, SAN, Columbia Business School, Organization, Duke University, Hamburg Commercial Bank, Marketing, Friends, MBA, Lead, Memory, Growth, Family, News, Mechanics Bank, Interior design

SAN FRANCISCO, Nov. 21, 2023 /PRNewswire/ -- Hamilton Zanze today announced that David Messing, managing partner of Graham Street Realty and president of Paramount Property Company, each a Hamilton Zanze affiliate, passed away last week. Messing was a highly regarded leader of both firms and worked closely with the Hamilton Zanze team.

Key Points: 
  • SAN FRANCISCO, Nov. 21, 2023 /PRNewswire/ -- Hamilton Zanze today announced that David Messing, managing partner of Graham Street Realty and president of Paramount Property Company , each a Hamilton Zanze affiliate, passed away last week.
  • Messing was a highly regarded leader of both firms and worked closely with the Hamilton Zanze team.
  • "It is with a heavy heart that we share the news of David Messing's passing," said Kurt Houtkooper, CEO of Hamilton Zanze.
  • "David was not only a respected business leader, but also a good friend known for his kindness, quick wit, and generosity.

BANKFIRST CAPITAL CORPORATION Reports Third Quarter 2023 Earnings of $8.4 Million

Retrieved on: 
Friday, October 27, 2023
Sale, FRB, Bank, Federal Home Loan Banks, Microenterprise Education Initiative, OTCQX, Acquisition, Bank First, Sycamore Bank, Federal Reserve Bank of St. Louis, Equitable, Community Development Financial Institutions Fund, Federal Reserve Bank, Environment, Community development financial institution, Mechanics Bank, Community development, Risk, Mechanics, Tate, CDFI, Community Facilities Program, Total, Visa requirements for Turkish citizens, ERP, Video game, Cryptocurrency, Rare-earth element, Basel

Net interest income increased 26% to $21.6 million in the third quarter of 2023 from $17.1 million in the third quarter of 2022.

Key Points: 
  • Net interest income increased 26% to $21.6 million in the third quarter of 2023 from $17.1 million in the third quarter of 2022.
  • Net interest income was $21.6 million for the third quarter of 2023, compared to $22.7 million for the second quarter of 2023, a decrease of 5%, and compared to $17.1 million for the third quarter of 2022, an increase of 26%.
  • Noninterest income was $10.1 million for the third quarter of 2023, compared to $6.1 million for the second quarter of 2023, an increase of 65%, and compared to $5.4 million for the third quarter of 2022, an increase of 87%.
  • Noninterest expense was $20.0 million for the third quarter of 2023, compared to $20.5 million for the second quarter of 2023 and $15.2 million for the third quarter of 2022, an decrease of 2.1% and an increase of 32.0%, respectively.

FHLBank San Francisco Doubles Empowering Black Homeownership Matching Grant Program with New $2 Million Commitment

Retrieved on: 
Wednesday, September 20, 2023
Citizens Business Bank, Federal Home Loan Banks, Erie Neighborhood House, Partnership, Marketing, Service, Bank of the West, MUFG Union Bank, Pacific Premier Bancorp, WISH, Research, Urban, HUD, PacWest Bancorp, SAN, HCA, City National Bank, Mechanics Bank, Tri Counties Bank, Bank, NHS, Toyota Financial Services, HCA Healthcare, Social, Empowerment, FleetBoston Financial, Farmer, Drug, Western Alliance Bancorporation, Black

With participation by FHLBank San Francisco member institutions in Arizona, California, and Nevada, the 2023 program has the potential to deploy up to $4 million to increase Black homeownership and help bridge the racial wealth gap.

Key Points: 
  • With participation by FHLBank San Francisco member institutions in Arizona, California, and Nevada, the 2023 program has the potential to deploy up to $4 million to increase Black homeownership and help bridge the racial wealth gap.
  • We are proud to double our commitment to this transformative program, and we look forward to matching up to $2 million in grants aimed at supporting Black community members on their path to reaching and sustaining homeownership and economic security.”
    The Empowering Black Homeownership program is one component of FHLBank San Francisco’s commitment to advancing racial equity.
  • To that end, the Empowering Black Homeownership matching grant program was created in 2022 to allow FHLBank San Francisco member financial institutions to request dollar-for-dollar matching grants up to a total of $125,000 per member.
  • The Empowering Black Homeownership matching grant program is just one example of the Bank's mission of promoting homeownership.

Robbin Preciado Joins Mechanics Bank to Lead Retail-Banking Business

Retrieved on: 
Monday, September 18, 2023
Banking, Professional Services, Finance, University, MUFG, Multimedia, Economics, Mechanics Bank, Bank, Wells Fargo, Union Bank, Management, Preciado

Mechanics Bank has named Robbin Preciado executive vice president and director of retail banking.

Key Points: 
  • Mechanics Bank has named Robbin Preciado executive vice president and director of retail banking.
  • The California banking veteran of more than 30 years will oversee all facets of the organization’s retail banking operation, which includes a statewide, 112-branch network.
  • View the full release here: https://www.businesswire.com/news/home/20230918695428/en/
    An accomplished professional who has led initiatives engaging retail banking, business banking, wealth management and other business lines across the banking enterprise, Preciado is credited for fostering strong employee collaboration and lasting client relationships.
  • “Robbin is an inspiring and strategic leader who shares our values and client-first mindset,” said Tony Kallingal, chief banking officer.

BANKFIRST CAPITAL CORPORATION Reports Second Quarter 2023 Earnings of $6.2 Million

Retrieved on: 
Thursday, July 27, 2023
Federal Home Loan Banks, Uncertainty, Federal Reserve Bank, Federal Reserve Bank of St. Louis, Sycamore Bank, ERP, Sale, Acquisition, The Company, Community Facilities Program, Investment, CDFI, FRB, OTCQX, Mechanics Bank, Community development, Bank, Equitable, Bank First, Community development financial institution, Environment, Tate, Total, Video game, Cryptocurrency, Rare-earth element, Financial adviser, Mechanics

Net interest income increased 50% to $22.7 million in the second quarter of 2023 from $15.1 million in the second quarter of 2022.

Key Points: 
  • Net interest income increased 50% to $22.7 million in the second quarter of 2023 from $15.1 million in the second quarter of 2022.
  • Net interest income was $22.7 million for the second quarter of 2023, compared to $23.5 million for the first quarter of 2023, a decrease of 3%, and compared to $15.1 million for the second quarter of 2022, an increase of 50%.
  • Noninterest income was $6.1 million for the second quarter of 2023, compared to $5.5 million for the first quarter of 2023, an increase of 12%, and compared to $5.0 million for the second quarter of 2022, an increase of 24%.
  • Noninterest expense was $20.5 million for the second quarter of 2023, compared to $19.5 million for the first quarter of 2023 and $11.9 million for the second quarter of 2022, an increase of 5% and 72%, respectively.

Kelly Johnston returns to Mechanics Bank to lead Wealth Management unit

Retrieved on: 
Wednesday, July 19, 2023
Banking, Professional Services, Asset Management, Human, Financial adviser, CWS, Texas A&M University, Wealth management, Trust, MBA, Multimedia, MCHB, Business administration, CTFA, Mechanics Bank, First Republic Bank, Mechanics, Management

Mechanics Bank (OTCEM:MCHB) has appointed Kelly Johnston as executive vice president and director of wealth management.

Key Points: 
  • Mechanics Bank (OTCEM:MCHB) has appointed Kelly Johnston as executive vice president and director of wealth management.
  • Before returning to Mechanics Bank, Johnston held leadership roles for nine years at First Republic Bank, where she most recently was president of First Republic Trust Company and executive vice president of Private Wealth Management.
  • She began her career at Mechanics Bank in December 2008, overseeing numerous wealth management and trust services for approximately 14 years.
  • “Kelly’s accomplished career began at Mechanics Bank and it is wonderful to welcome her back,” said Tony Kallingal, Chief Banking Officer for Mechanics Bank.

The Doctors Company Names Christa Steele, MBA, to Board of Governors

Retrieved on: 
Monday, June 5, 2023
The Doctors Company, University, Health, Tanimura & Antle, Audit, TDC Holding A/S, FACP, OFG Bancorp, National Association of Corporate Directors, California State University, Finance, Business, MBA, MD, Marshall School, Corporation, Certification, NACD, Mechanics Bank, National Association, USC Marshall School of Business, Tanimura, Management

NAPA, Calif., June 5, 2023 /PRNewswire/ -- The Doctors Company, the nation's largest physician-owned medical malpractice insurer, is pleased to announce the appointment of Christa Steele, MBA, to its Board of Governors.

Key Points: 
  • NAPA, Calif., June 5, 2023 /PRNewswire/ -- The Doctors Company, the nation's largest physician-owned medical malpractice insurer, is pleased to announce the appointment of Christa Steele, MBA, to its Board of Governors.
  • "We are pleased to welcome Christa Steele to our Board of Governors," said Richard E. Anderson, MD, FACP, Chairman and CEO of The Doctors Company and TDC Group.
  • Her prior board experience includes Recology as Board Chair, BrainChip Holdings, OFG Bancorp, Sasser Family Holdings, and FIG Partners.
  • Ms. Steele is a Member of the Audit and the Finance and Risk Committees at The Doctors Company.

BANKFIRST CAPITAL CORPORATION Reports First Quarter 2023 Earnings of $7.1 Million

Retrieved on: 
Thursday, April 27, 2023
External commercial borrowing, Federal Home Loan Banks, Federal Reserve Bank, U.S. Department of the Treasury, Office of Inspector General, Federal Reserve Bank of St. Louis, Sycamore Bank, U.S. Department of Defense Strategy for Operating in Cyberspace, Current Expected Credit Losses, Accounting standard, Finance, Treasury, Financial Accounting Standards Board, Acquisition, Community Facilities Program, CDFI, FRB, CECL, OTCQX, Mechanics Bank, Bank, Growth, Community development, Bank First, Environment, Tate, Total, Video game, Cryptocurrency, Risk management, Mechanics

Net income totaled $7.1 million, or $1.33 per share, in the first quarter of 2023 compared to $4.5 million, or $0.85 per share, in the first quarter of 2022.

Key Points: 
  • Net income totaled $7.1 million, or $1.33 per share, in the first quarter of 2023 compared to $4.5 million, or $0.85 per share, in the first quarter of 2022.
  • Net interest income increased 53% to $23.5 million in the first quarter of 2023 from $15.3 million in the first quarter of 2022.
  • Net interest income was $23.5 million for the first quarter of 2023, compared to $21.3 million for the fourth quarter of 2022, an increase of 10%, and $15.3 million for the first quarter of 2022, an increase of 53%.
  • Noninterest income was $5.5 million for the first quarter of 2023, compared to $4.5 million for the fourth quarter of 2022, an increase of 22% and $5.1 million for the first quarter of 2022, an increase of 9%.