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Mechanics Bancorp completes sale of Fannie Mae DUS business to Fifth Third for $126 million

PUBT·05/05/2026 21:33:36
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Mechanics Bancorp completes sale of Fannie Mae DUS business to Fifth Third for $126 million
  • Mechanics Bank, subsidiary of Mechanics Bancorp, completed sale of its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank on May 1, 2026.
  • Transaction closed for aggregate cash consideration of about $126 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mechanics Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001518715-26-000043), on May 05, 2026, and is solely responsible for the information contained therein.