Rabobank has entered into an agreement to sell much of it's non-Food and Agri businesses to Mechanics Bank.

The agreement to sell I pending approval of various state and federal agencies and when completed would see Rabobanks retail , business banking , commercial real estate , mortgage , wealth management and other non-Food & Agri businesses to the Walnut Creek , California based Mechanics Bank. The transaction is expected to be completed by the third quarter of this year. According to Rabobank , the food and agri-business assess are expected to transfer to a sister unit , Rabo AgriFinance on July 1 , 2019.