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Ford Financial Fund II LP and related entities are seeking permission to become bank holding companies and acquire up to 65% of the voting shares of Richmond, Calif.-based Mechanics Bank, according to a Form Y-3 dated Oct. 14 and recently obtained by SNL.
The related entities of Ford Financial Fund II LP, or the Fund, listed in the filing were 2011 TCRT, Ford Ultimate Management II LLC, Ford Management II LP, GJF Financial Management II LLC, Ford Fund Investment LP and EB Acquisition Co. LLC. The filing collectively referred to them as Ford.
As previously reported, on Sept. 25 Ford agreed to commence a tender offer to acquire at least 51% and up to 65% of Mechanics' outstanding common stock. Under the agreement, Ford will purchase up to 65% of the bank's common stock for approximately $26,832...