Unlike many bank mergers, the $2.1 billion acquisition of Rabobank NA by Mechanics Bank, effective Tuesday, won’t see much consolidation.
That’s because the deal makes the smaller Walnut Creek-based Mechanics Bank a much larger bank, with assets jumping from about $6 billion to more than $17 billion.
Prior to the merger, Mechanics had 44 branches and Rabobank had 100. As of Tuesday, the combined bank has 144 branches, and no plans to close any of them, said Mechanics spokesman Greg Jones, who…
