Mechanics Financial Corp

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Mechanics Financial Corporation owns and operates Mechanics Savings Bank, a FDIC insured savings bank chartered by the state of Ohio. Total assets are more than $300 million with approximately 100 employees serving customers from five offices in Richland County. Mechanics Savings Bank was founded in 1886 with assets of approximately $60,000 and operated from a private office two evenings a week. During the company s more than 120-year history, its annualized rate of growth has been just under 8 percent, high enough to support its continued independence but manageable so that safety and soundness were protected. Its products and services include checking and savings accounts, retirement accounts, credit cards, consumer and mortgage loans, business banking and commercial loans. Mechanics Financial Corporation is headquartered in Mansfield, Ohio.