Mechanics Bank
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Mechanics Bank
Mechanics Bank is a full-service community banking financial institution headquartered in Walnut Creek, California.
The Associated Press, 29-01-2009, access date 01-29-2009
It was founded in 1905 and serves markets in throughout the state of California. The bank has over $17 billion in assets and over 1,000 associates at more than 130 retail branches.


Background

Mechanics Bank was originally chartered as The Iverson Bank and Trust Company, founded in Richmond in 1905. It was renamed as The Mechanics Bank in 1907. Shortly after it was renamed, Edward M. Downer joined the organization, and by 1919 he had purchased a controlling interest and soon became president. E.M. Downer (1869–1938) was a prominent officia ...
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Walnut Creek, California
Walnut Creek is a city in Contra Costa County, California, United States, located in the East Bay region of the San Francisco Bay Area, about east of the city of Oakland. With a total population of 70,127 per the 2020 census, Walnut Creek serves as a vibrant hub for its neighboring cities because of its location at the junction of the highways from Sacramento and San Jose ( I-680) and San Francisco/Oakland ( SR-24), and its accessibility by BART. Its active downtown neighborhood features hundred-year-old buildings and extensive high-end retail establishments. The city shares its borders with Clayton, Lafayette, Alamo, Pleasant Hill, and Concord. History There are three bands of Bay Miwok Native Americans associated with the area of Walnut Creek (the stream for which the city is named):Forester, 2006.Milliken, 1995 the '' Saclan'', whose territory extended through the hills east of present-day cities of Oakland, Rossmoor, Lafayette, Moraga and Walnut Creek; the ''Volv ...
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