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Regulators approve merger of Mechanics Bank and Rabobank, N.A.

By   /   Tuesday, July 30th, 2019  /   Comments Off on Regulators approve merger of Mechanics Bank and Rabobank, N.A.

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Mechanics Bank received regulatory approval for its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group, on July 29. Approval came from the Board of Governors of the Federal Reserve, the Office of the Comptroller of Currency, the Federal Deposit Insurance Corp. and the California Department of Business Oversight. The $2.1 billion deal is expected…

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