Press ReleaseREDDING, CA – AUGUST 8, 2018
Wednesday, August 8, 2018
– Mechanics Bank (OTCBB: MCHB), who recently acquired Scott Valley Bank, has donated $25,000 to the Shasta Regional Community Foundation’s (SRCF) fire relief effort for victims of the Carr Fire.
“The Carr Fire in Redding has had a devastating impact on the community,” says John DeCero, Mechanics Bank President and CEO. “We recognize that the effects will linger well into the future. We are standing behind this community, with faith in its resilience, strength and determination to get back on its feet after almost unthinkable loss. We’re here for them, and will continue to be here as the community recovers.”
Kerry Caranci, Chief Executive Officer of SRCF, says the organization has enabled its Disaster Relief Fund to accept donations towards the short and long-term recovery of neighbors and partners. The link for donations can be found on the Community Foundation’s website. The fund was initially established after the 2014 Boles Fire in Weed, CA to accept donations in response to fires and natural disasters that may affect the North State. Currently, donations will be directed for relief efforts for the active Carr Fire that began west of the Redding area.
“We’re humbled by the generosity shown by Mechanics Bank and all the donations we’ve seen for the recovery efforts in our entire community,” says Ms. Caranci.
The Community Foundation grants to nonprofit and government stakeholders to ensure that funds flow quickly to those most in need and establishes safeguards to secure proper distribution of the funds.
Questions and more information about this fund are available by contacting Ms. Caranci at 530-355-8652 or the Siskiyou County office at 530-925-3313.
About Shasta Regional Community Foundation
The Shasta Regional Community Foundation is a resource building organization in Shasta and Siskiyou counties dedicated to promoting philanthropy by connecting people who care with causes that matter. Since 2000, the Community Foundation has awarded over $23,000,000 in grants to area nonprofit organizations. For more information, call the Shasta Regional Community Foundation at (530) 244-1219 or visit www.shastarcf.org.
About Mechanics Bank
Established in 1905, Mechanics Bank is an independent, full service community bank. With more than $5.7 billion in assets, it is the largest bank headquartered in Northern California’s East Bay region, with 45 branch offices throughout California and Oregon. They provide a highly personalized relationship banking experience that includes consumer and business banking services, commercial lending, cash management services, and comprehensive trust, wealth management and private banking services. The acquisition of Learner Financial and Scott Valley Bank which closed on May 1, 2018 added assets of approximately $692 million, as well as the 11 branch offices serving Shasta and Siskiyou Counties, Southern Oregon and the Portland area.