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RICHMOND, California, August 15, 2007—Steven S. Schulman has joined Mechanics Bank as Vice President and Senior Real Estate Asset Manager, helping customers of the bank’s Wealth Management Group to maximize the performance of their trust real estate portfolios.

Mr. Schulman has more than 25 years in the real estate business, 15 of which have been in the area of managing real property and special assets inside trusts and estates. He joins Mechanics Bank after more than 13 years with Wells Fargo, where he was a vice president and real estate wealth management consultant the Trust Real Estate division. In addition to banking, Mr. Schulman spent a number of years in real estate brokerage, acquisition and property management and is a CCIM designation.

At Mechanics Bank, Mr. Schulman will focus on long term asset preservation and growth for affluent individuals and families, including such activities as raw land development and negotiating property sales and leases.

“Mechanics Bank has had a dedicated team responsible solely for clients’ real estate assets for more than eight years,” said Kirsten Weisser, executive vice president and head of the Wealth Management Group at Mechanics Bank. “More recently, we have seen a growing need to handle increasingly complex real estate assets. Steven’s experience with such transactions as 1031 exchanges, redevelopment projects and historic landmark properties enables us to expand our fiduciary real estate capabilities.”

Mr. Schulman said that the appeal of Mechanics Bank lies in its size; large enough to handle substantial client needs, yet small enough to retain its local character. “Mechanics Bank’s demonstrated success and continuity as a community bank provides a tremendous opportunity to address high net worth clients in a more personal and responsive way that larger institutions can,” he said. “They feel a stronger sense of connection with Mechanics Bank.”

Mr. Schulman received a B.A. in American History from California State College in Sonoma and a Master of Arts in Classical Literature from St. John’s College in Santa Fe. After many years away, he has returned to San Francisco, where he enjoys playing squash and tennis and exploring local book stores and restaurants.

Mechanics Bank, headquartered in Richmond, California, has offices throughout Northern California, in San Francisco, Marin, Alameda, Contra Costa, Napa, Sacramento, El Dorado and Placer counties. The century-old family-owned community bank is one of the largest independent banks headquartered in California, with more than $2.7 billion in assets.

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