Mechanics Bank has appointed fixed-income and banking veteran David Sway as treasurer. He brings 25 years of experience in investments, treasury, trading, and cash and portfolio management.
Sway is responsible for managing the Bank’s excess liquidity, investment portfolio, interest-rate risk profile, liquidity, and Deposit Rate Committee.
Prior joining Mechanics Bank, he held leadership roles at Bank of the West for 14 years, most recently managing and trading the bank’s $19-billion investment portfolio.
Earlier in his career, Sway was a trader for an institutional broker-dealer and an asset-management firm.
About Mechanics Bank
Mechanics Bank is an independent, full-service bank headquartered in Walnut Creek, Calif., with approximately $18 billion in assets, a best-in-class deposit franchise, and 112 branches. Founded in 1905 to help consumers, businesses and communities prosper, it has become one of the largest banks based in California, and is among the strongest, safest and most resilient banks in the nation. Mechanics Bank takes pride in providing a highly personalized relationship-banking experience, and a wide range of products and resources in consumer and business banking, commercial lending, cash management, private banking, and comprehensive trust and wealth management services. For more information, please visit www.MechanicsBank.com.
Mechanics Bank is a Member FDIC and Equal Housing Lender.