Mechanics Bank Sells $417M Auto Loan Portfolio To Bank Of America Trading Desk
Mechanics Bancorp ("Mechanics") (NASDAQ:MCHB) announced today that its wholly owned subsidiary, Mechanics Bank, completed the sale to Bank of America’s trading desk of approximately $417 million of its remaining
Mechanics Bank sold a big pile of car loans to Bank of America. This shows Mechanics is making room on its balance sheet, the list of what it owns.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.