MountainOne Financial to merge with Mechanics Bancorp.

MountainOne Financial, business banking and lending services company, to merge with Mechanics Bancorp, a co-operative bank. Financial terms were not disclosed. “I am thrilled at the opportunity this partnership creates for our combined organizations. Continuing to operate independently enables us to position both mutual banks, as well as MountainOne Insurance and MountainOne Investments, for continued and future growth. Simply put, as two individually successful, fiscally strong, and strategically aligned mutual banking institutions, our combination is far greater than the sum of our parts,” Robert Fraser, MountainOne’s President & CEO.