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Mechanics Bank completes merger with California Republic Bancorp

Walnut Creek, Calif.-based ($3.59 billion)completed its merger with California Republic Bancorp ($1.84 billion) effectiveOct. 1.

Mechanics Bank also completed its in connection with thedeal. The company used the proceeds to pay the merger consideration, certainfees and expenses.

Upon deal completion, John DeCero, former president ofCalifornia Republic, and Jon Wilcox, its former CEO, became members of theboard of Mechanics Bank. In addition, DeCero succeeded Ken Russell as presidentand CEO of Mechanics Bank. Russell will continue to serve as a director on theboard of Mechanics Bank and return to Ford Financial Fund II LP.