Monday, January 4, 2021
CRB Auto has officially changed its name to Mechanics Bank Auto Finance. A division of Walnut Creek, Calif.-based Mechanics Bank since October 2016, the indirect-auto-lending unit serves approximately 2,000 auto dealerships in 19 states from coast to coast.
“We’re still the same proud organization committed to delivering outstanding auto-lending expertise to our dealers and their customers,” said Bill Katafias, Chief Executive Officer of CRB Auto. “Operating as Mechanics Bank Auto Finance will afford more clarity in the auto-finance marketplace, and fortify our identity as a trusted name in financial services — a brand known for its exceptional capital strength.”
About Mechanics Bank
Mechanics Bank is an independent, full-service community bank headquartered in Walnut Creek, Calif., with more than $17 billion in assets, a best-in-class deposit franchise and 131 branches. It was founded in 1905 to assist the area’s local businesses and families and has remained focused on building lasting customer relationships throughout its storied history. Today, Mechanics Bank is one of the largest California-based banks and continues to earn its reputation as a successful and trusted financial partner committed to helping consumers, businesses and communities grow and prosper. Mechanics Bank provides a highly personalized relationship banking experience that includes consumer and business banking services, commercial lending, cash management services, and comprehensive trust, investment and wealth management services. Mechanics Bank received a rating of “Outstanding” from its primary regulator, the Federal Deposit Insurance Corporation (FDIC), for its most recent Community Reinvestment Act (CRA) examination period of May 2016 through April 2019. Mechanics Bank is a Member FDIC institution and Equal Housing Lender.