2009 News Archive
San Francisco Chronicle - 12/30/2009 - Mixed Signals Stifle Economic Recovery - Mechanics Bank CEO, Steve Buster comments on recent meeting with President Obama with representatives of the community banking industry. Read full story
San Francisco Business Times - 12/22/2009 -
SBA Extends Enhancements To Loan Programs
Commonwealth Club - 12/22/2009 - Mechanics Bank CEO Steven Buster will join top executives of U.S. Bank and Wells Fargo in a Jan. 27th panel discussion, "Bank Lending on the Hot Seat: What Lies Ahead?" sponsored by the Commonwealth Club of California and the Saint Mary's College Graduate Business Alumni Chapter. Learn More
SF Gate - 12/20/2009 - Commercial Real Estate On Shaky Foundation - many observers do not believe that commercial mortgage defaults will derail the recovery, including Mechanics Bank CEO, Steve Buster. Read full story
San Francisco Business Times - 12/04/2009 - Mechanics May Gear Up For First Bank Buy
Green Guide Network - 12/01/2009 - Mechanics Bank: Committed to Green Business in Local Communities.
CBS 5 News - 3/17/2009 - Mechanics Bank Chairman Eddie Downer appears on CBS 5 News to discuss giving back TARP funds to Government. View Story
ABC 7 News - 3/17/2009 - ABC 7 News reports on Mechanics Bank decision to turn down TARP money. View Story
S.F. Chronicle- 01/31/2009- BOTTOM LINE. Mechanics Bank is described as one of the Bay Area's "models of restraint" with regard to the TARP bailout.
East Business Journal - 01/30/2009 - ON THE MONEY: MECHANICS EXEC - BUBBLE WILL TAKE YEARS TO DEFLATE. Brian Pretti addresses the economic environment at a special meeting held in Orinda January 26.
The Mercury News - 01/27/2009 - VOROS: LOCAL BANK EXCUSES ITSELF FROM BAILOUT. Mechanics Bank says, "Thanks, but not thanks" to government bailout program.
Contra Costa Times - 01/26/2009 - MECHANICS BANK TELLS FEDS NO THANKS TO BAILOUT MONEY. The federal government made Mechanics Bank an offer that Mechanics was able to refuse: The community bank says it won't take $60 million from the government because too many strings would be attached to the cash.
San Francisco Business Journal - 01/24/2009- MECHANICS BANK SAYS 'NO THANKS' TO $60 MILLION TREASURY INVESTMENT. Mechanics Bank Board of Directors unanimously opts to withdraw from participation in the U.S. Treasury direct-investment program.
American Banker- 01/08/2009 - California Bank's Payout Plan Confronts Tarp Obstacle - Mechanics Bank is testing the Treasury Department's flexibility for banks participating in the Troubled Asset Relief Program.
San Francisco Business Times - 01/06/2009 - Mechanics Bank touts strength as it accepts Treasury investment- Mechanics Bank accepts Capital Purchase Program participation.