NOTICE OF INTENTION TO FORM A LIMITED PURPOSE TRUST COMPANY TO BE KNOWN AS MECHANICS BANK TRUST COMPANY OF DELAWARE
The Delaware State Bank Commissioner hereby gives notice of a public hearing to consider the application of Mark V. Purpura, Marie Elaina Harris, and Norma Salomon to be filed for a Certificate of Public Convenience and Advantage with respect to the formation of Mechanics Bank Trust Company of Delaware. A Notice of Intention to form Mechanics Bank Trust Company of Delaware was filed in the Office of the State Bank Commissioner on January 5, 2026. Mechanics Bank Trust Company of Delaware will have capital stock in the amount of $500,000 and will be located in Wilmington, New Castle County, Delaware.
The public hearing will commence at 1:00 p.m., on April 30, 2026, via telephone conference call, pursuant to the provisions of the Delaware Freedom of Information Act, 29 Del. C. § 10001 et seq., including 29 Del. C.§ 10006A.
This hearing will be a virtual meeting held telephonically pursuant to 29 Del. C. § 10006A(c). This hearing will be open to the public to monitor or provide public comment via telephone. To access this public hearing, call: 302-504-8986 and, when prompted, enter teleconference Access Code: 823716739#. In addition, the Office of the State Bank Commissioner, located at 1110 Forrest Avenue, Dover, Delaware 19904, will be the "anchor location" for purposes of 29 Del. C. § 10006A(d) at which members of the public may attend this telephonic hearing in person.
NOTE: PLEASE PLACE YOUR PHONE ON MUTE WHEN NOT SPEAKING
The hearing is to be conducted pursuant to the provisions of 5 Del. C. § 777 and Regulations 701 and 702 of the State Bank Commissioner.
A copy of the proposed form of application for a Certificate of Public Convenience and Advantage is on file in the Office of the Delaware State Bank Commissioner at 1110 Forrest Avenue, Dover, Delaware 19904. The non-confidential portions thereof are available for inspection during regular office hours, and will be available online with the public notice of the hearing on the Delaware Public Meeting Calendar website, https://publicmeetings.delaware.gov/.
Interested parties have the right to present evidence, to be represented by counsel and to attend virtually or by other representatives at the hearing. Any person wishing to present testimony at the hearing is requested to register with the State Bank Commissioner in advance of the hearing. The State Bank Commissioner's decision will be based upon evidence received.
3/29, 4/5-NJ