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Mechanics Bank to acquire Rabobank NA for $2B


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Mechanics Bank to acquire Rabobank NA for $2B

Walnut Creek, Calif.-based Mechanics Bank agreed to acquire Roseville, Calif.-based Rabobank NA in a deal the companies valued at about $2.1 billion.

The combined entity will operate under the Mechanics Bank name and will have more than $17 billion in assets.

Details to follow.