The Mechanics Bank Community Development Corporation

Richmond CA


Through the Mechanics Bank Community Development Corporation, the Mechanics Bank will expand its lending and services to qualifying businesses in low income areas in the contiguous counties of Contra Costa, Alameda and San Francisco. Mechanics Bank CDC will provide loans and equity investments in the form of microenterprise financing, commercial financing, real estate financing including retail, industrial, office space, mixed-use housing, for-sale housing and community facilities, and financial counseling and other services.

CDFI Awards for The Mechanics Bank Community Development Corporation


NMTC (2003) - $26,000,000

With its NMTC allocation, Mechanics Bank CDC will provide increased numbers of products with flexible rates and terms, increased numbers of loans, and increased participation and coordination of financial counseling and other services.



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