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OC500 2022 – FINANCE/BANKING: JOHN DECERO

CEO, MECHANICS BANK

WHY: In 15 years, has gone from starting a bank with no assets—California Republic Bank—to overseeing nearly $19B at Mechanics Bank, among state’s largest institutions. Often works at Irvine office; company’s name adorns Irvine Towers office building.

IN THE NEWS: One of America’s best banks based on growth, credit quality and profitability, according to Forbes. In its February 2022 report, Forbes ranked Mechanics 32nd among the nation’s 100 largest publicly traded banks and thrifts.

QUOTABLE: The ranking “is a testament to our exceptionally strong capital levels which far exceed the required minimums to be considered ‘well-capitalized’ in accordance with
regulatory standards.”

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