Seasoned lender to serve as interim head of Real Estate Industries Group

RICHMOND, CA, June 26, 2008-- John C. Wells, a seasoned banker with a diverse and comprehensive real estate background, has joined Mechanics Bank as Senior Vice President and interim head of the Real Estates Industries Group. Wells will be Mechanics Bank's lead contact for participations and syndications activities.

Wells, most recently with City National Bank where he was a Senior Vice President and Senior Relationship Manager, previously held senior positions with U.S. Bank, Bank One Corporation and Sanwa Bank, where he began his banking career in 1989.

“John's diverse and comprehensive lending background, combined with proven leadership skills, is the right combination to steer us steadily through a turbulent period in the real estate and financial services industries,” said Mechanics Bank Executive Vice President Cort O'Haver, Director of Lending for Corporate Banking.

A California State University Sacramento graduate with a degree in business administration, Wells has completed a number of additional real estate, banking and management courses. He is a member of the National Association of Industrial and Office Properties (NAIOP) and a board member of the Rehabilitation Loan Program Committee for the City of Pleasant Hill Redevelopment Agency.

Wells and his wife Virginia reside in Martinez with their son, John, who recently graduated from high school.

For more than a century, Mechanics Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity. The $2.7 billion independent bank, headquartered in Richmond, California, offers personal banking, business banking, trust, brokerage and wealth management services through 33 offices across Northern California. For more information, please visit

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