Standby Letters of Credit

Mechanics Bank handles standby letters of credit, which are commonly used to:

  • Provide monetary support for obligations such as trade payments, leases, and advance payment requirements
  • Back obligations such as performance and bid assurances
  • Substitute for collateral to enhance credit facilities
  • Support insurance obligations, including workers’ compensation
The advantages of using Mechanics Bank for standby letters of credit:
  • Immediate attention to your needs
  • Customized and flexible credit structures
  • Local credit approval
  • Competitive pricing options
  • Skilled, experienced and knowledgeable Relationship Managers
  • Expertise in diversified industries involved in the global economy
  • A genuine commitment to quality service