-+ 0.00%
-+ 0.00%
-+ 0.00%

Mechanics Bancorp sells Fannie Mae DUS business to Fifth Third for $126 million

PUBT·05/07/2026 12:01:25
Listen to the news
Mechanics Bancorp sells Fannie Mae DUS business to Fifth Third for $126 million
  • Mechanics Bancorp completed sale of Mechanics Bank Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank for about USD 126 million in cash.
  • Transaction included about USD 1.8 billion DUS servicing portfolio, including associated escrow amounts.
  • Fifth Third also hired employees supporting DUS business.


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 Business Wire (Ref. ID: 202605070800BIZWIRE_USPR_____20260506_BW954294) on May 07, 2026, and is solely responsible for the information contained therein.