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

PUBT·05/07/2026 12:01:19
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Mechanics Bancorp completes sale of Fannie Mae DUS unit to Fifth Third for $126 million
  • Mechanics Bancorp completed sale of Mechanics Bank’s Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bank for aggregate cash consideration of about $126 million.
  • Fifth Third acquired about $1.8 billion DUS servicing portfolio, including associated escrow amounts.
  • Fifth Third also hired employees who operated the 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: 20260506954294) on May 07, 2026, and is solely responsible for the information contained therein.