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FGBI vs MCHB

FIRST GUARANTY BANCSHARES INC and Mechanics Bancorp Class A Common Stock

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FIRST GUARANTY BANCSHARES INC

First Guaranty Bancshares, Inc. operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas. It offers various deposit products, including personal and business checking, savings, money market, and demand accounts, as well as time deposits to consumers, small businesses, and municipalities. The company provides loans, such as non-farm, non-residential loans secured by real estate, commercial and industrial loans, one- to four-family residential loans, multifamily loans, construction and land development loans, agricultural loans, farmland loans, and consumer and other loans to small to medium-sized businesses and professionals, and individuals. In addition, it offers a range of consumer services, including credit cards, mobile deposit capture, safe deposit boxes, official checks, online and mobile banking, automated teller machines, and online bill pay; provides additional solutions, such as merchant services, remote deposit capture, and lockbox services to business customers; and invests a portion of its assets in securities issued by the United States Government and its agencies, state and municipal obligations, corporate debt securities, mutual funds, and equity securities, as well as invests in mortgage-backed securities primarily issued or guaranteed by United States Government agencies or enterprises. The company was founded in 1934 and is headquartered in Hammond, Louisiana.

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Mechanics Bancorp Class A Common Stock

Mechanics Bancorp operates as the holding company for Mechanics Bank that provides banking services in California, Oregon, Washington, and Hawaii. It offers various checking and savings accounts. The company also provides home loans, auto loans, term loans and lines of credit, owner occupied real estate lending services, SBA loans, multi-family lending services, commercial real estate loans, equipment financing services, and trade services and letters of credit. In addition, it offers debit and credit cards; online and mobile banking, digital wallet, overdraft, and money management services; payable and receivable solutions, and fraud prevention and cash management services; merchant and payroll services, workplace benefit plans, and loan payoff demand services; and industry solutions. Further, the company provides trust and estate, investment management, specialty asset management, and retirement plan services; and private banking and brokerage services. Mechanics Bancorp was founded in 1905 and is headquartered in Walnut Creek, California.

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