Monday, March 15, 2021
Mechanics Bank (OTCBB: MCHB)
is one of America’s best banks in 2021, based on growth, credit quality and profitability, according to Forbes. In its
12th annual report, the global media outlet ranked the Bank 43rd
among the nation’s 100 largest publicly traded banks and thrifts, which
represent more than 80 percent of total U.S. bank assets.
“This independent recognition by Forbes points to our
exceptional capital strength and commitment to consistently make prudent and
responsible decisions that protect the best interests of our customers and
shareholders,” said John DeCero, chief executive officer of Mechanics Bank.
Forbes’ own research and rankings were supported by data
from S&P Global Market Intelligence, which examined regulatory filings
through Sept. 30, 2020. The metrics included return on average tangible common
equity, return on average assets, net interest margin, efficiency ratio and net
charge-offs as a percentage of total loans.