On February 18, 2026, Mendon Capital Advisors Corp disclosed the sale of 328,337 shares of Mechanics Bancorp (NASDAQ:MCHB), valued at approximately $4.56 million based on quarterly average pricing. According to an SEC filing, the fund’s quarter-end position in Mechanics Bancorp decreased by $3.41 million, factoring in trading and stock price changes. Mechanics Bank, a regional institution in California with 166 branches, focuses on both consumer and commercial banking. This strategic positioning allows the bank to leverage stable funding and recurring fee income to offer tailored financial solutions.
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