Market Overview

Mechanics Bank Donates $25,000 to Shasta Regional Community Foundation for Carr Fire Victim Relief


Mechanics Bank (OTC:MCHB), who recently acquired Scott Valley Bank,
has donated $25,000 to the Shasta
Regional Community Foundation's
(SRCF) fire relief effort for
victims of the Carr Fire.

This press release features multimedia. View the full release here:

Janet Pyle, Mechanics Bank's Redding Branch Manager presents a $25,000 check to Kerry Caranci, CEO,  ...

Janet Pyle, Mechanics Bank's Redding Branch Manager presents a $25,000 check to Kerry Caranci, CEO, Shasta Regional Community Foundation (Photo: Business Wire)

"The Carr Fire in Redding has had a devastating impact on the
community," says John DeCero, Mechanics Bank President and CEO. "We
recognize that the effects will linger well into the future. We are
standing behind this community, with faith in its resilience, strength
and determination to get back on its feet after almost unthinkable loss.
We're here for them and will continue to be here as the community

Kerry Caranci, Chief Executive Officer of SRCF, says the organization
has enabled its Disaster Relief Fund to accept donations towards the
short and long-term recovery of neighbors and partners. The link for
donations can be found on the Community Foundation's website.
The fund was initially established after the 2014 Boles Fire in Weed, CA
to accept donations in response to fires and natural disasters that may
affect the North State. Currently, donations will be directed for relief
efforts for the active Carr Fire that began west of the Redding area.

"We're humbled by the generosity shown by Mechanics Bank and all the
donations we've seen for the recovery efforts in our entire community,"
says Ms. Caranci.

The Community Foundation grants to nonprofit and government stakeholders
to ensure that funds flow quickly to those most in need and establishes
safeguards to secure proper distribution of the funds.

Questions and more information about this fund are available by
contacting Ms. Caranci at 530-244-1219 or the Siskiyou County office at

About Shasta Regional Community Foundation

The Shasta Regional Community Foundation is a resource building
organization in Shasta and Siskiyou counties dedicated to promoting
philanthropy by connecting people who care with causes that matter.
Since 2000, the Community Foundation has awarded over $23,000,000 in
grants to area nonprofit organizations. For more information, call the
Shasta Regional Community Foundation at (530) 244-1219 or visit

About Mechanics Bank

Established in 1905, Mechanics Bank is an independent, full service
community bank. With more than $5.7 billion in assets, it is the largest
bank headquartered in Northern California's East Bay region, with 45
branch offices throughout California and Oregon. They provide a highly
personalized relationship banking experience that includes consumer and
business banking services, commercial lending, cash management services,
and comprehensive trust, wealth management and private banking services.
The acquisition of Learner Financial and Scott Valley Bank which closed
on May 1, 2018 added assets of approximately $692 million, as well as
the 11 branch offices serving Shasta and Siskiyou Counties, Southern
Oregon and the Portland area. More information may be found at

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