Fifth Third Bank Acquires Mechanics Bank’s Fannie Mae DUS Business Line
May 7, 2026
Fifth Third Bank, National Association completed the acquisition of Mechanics Bank’s Delegated Underwriting and Servicing (DUS) business line, including an experienced multifamily lending team and an approximately $1.8 billion unpaid principal balance servicing portfolio. The deal adds a broader multifamily lending and servicing capability to Fifth Third’s commercial real estate platform, and Mechanics Bank transferred the related operations and hired the DUS employees.
- Targets
- Mechanics Bank Delegated Underwriting and Servicing (DUS) business line
- Sellers
- Mechanics Bank (wholly owned subsidiary of Mechanics Bancorp)
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Optus Financial Corporation to Acquire M&F Bancorp, Inc (Mechanics & Farmers Bank)
July 24, 2026
Financial Services
Optus Financial Corporation (parent of Optus Bank) and M&F Bancorp, Inc. (parent of Mechanics & Farmers Bank) have signed a definitive merger agreement to combine two longstanding Minority Depository Institutions. Under the terms of the deal, M&F Bancorp will merge into Optus and M&F Bank will merge into Optus Bank for total consideration expected to exceed $105 million, with closing anticipated in the fourth quarter of 2026.
-
Fifth Third Bancorp Completes Merger With Comerica
February 2, 2026
Financial Services
Fifth Third Bancorp has completed its merger with Comerica, creating the ninth-largest U.S. bank with approximately $294 billion in assets. The combined institution is positioning the deal as a scale and footprint expansion, pairing Fifth Third’s retail banking and digital capabilities with Comerica’s middle-market banking franchise.
-
Mechanics Bank and HomeStreet Announce and Complete Strategic All-Stock Merger
September 2, 2025
Financial Services
Mechanics Bank and HomeStreet, Inc. (holding company of HomeStreet Bank) entered into a definitive all-stock merger agreement under which HomeStreet Bank would merge into Mechanics Bank, with Mechanics Bank surviving as a California corporation and a wholly owned subsidiary of the renamed public holding company, Mechanics Bancorp. After receiving regulatory approvals, the deal was completed in 2025, creating a West Coast community bank with ~166 branches and over $22 billion in assets.
-
Bank7 Acquires First American Mortgage, Inc.
February 28, 2025
Financial Services
Bank7, a community bank headquartered in Oklahoma City, has acquired First American Mortgage, Inc., a locally owned residential mortgage lender founded in 1993. The acquisition expands Bank7's mortgage division and deepens its residential lending capabilities to better serve customers across its Oklahoma, Texas (Dallas/Fort Worth) and Kansas markets.
-
Fifth Third Acquires Big Data Healthcare
March 7, 2023
Healthcare Services
Fifth Third Bancorp has entered a definitive agreement to acquire Big Data Healthcare, a technology solutions provider that automates healthcare payments and remittance reconciliation. The deal, to be completed by an indirect wholly‑owned subsidiary of Fifth Third, is intended to add national healthcare revenue‑cycle and payments capabilities to Fifth Third’s treasury management and commercial banking offerings; financial terms were not disclosed.
-
Fifth Third Bancorp Acquires Dividend Finance
January 19, 2022
Payments & Fintech
Fifth Third Bancorp has acquired Dividend Finance, a San Francisco–based fintech point-of-sale lender that provides financing for residential renewable energy and sustainability-focused home improvements. The deal — which involved Dividend's majority shareholder LL Funds — expands Fifth Third's digital lending capabilities and strengthens its renewable energy financing portfolio.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.