2001 – 2013 Department of Financial Institutions News Releases

SACRAMENTO, CA (April 2, 2013) – The Department of Financial Institutions (DFI), Department of Corporations (DOC), and the Department of Real Estate (DRE) will partner with other state, federal and local government agencies and financial literacy...

SACRAMENTO, CA (March 14, 2013) – The California State Senate voted on Monday to confirm the appointment of Teveia R. Barnes as Commissioner of the California Department of Financial Institutions. “I look forward to promoting the safety and integrity of...

SAN FRANCISCO, CA (June 1, 2012) – The California Department of Financial Institutions (DFI) today announced that Telesis Community Credit Union (Telesis) has been placed into liquidation. Telesis is a federally insured, state-chartered credit union based...

What: California Financial Literacy Month and Teach Children to Save Day Fair Date: April 24, 2012 Time: 11:00 a.m. – 1:00 p.m. Location: State Capitol, South Steps (N St.), Sacramento, California The Financial Literacy Month and Teach Children to Save Day...

(SAN FRANCISCO, CA) - The California Department of Financial Institutions (DFI) today announced that Telesis Community Credit Union has been placed into conservatorship.Telesis Community Credit Union is a federally insured, state-chartered credit union...

(SAN FRANCISCO, CA) – The California Department of Financial Institutions (DFI) encourages Californians to take full advantage of free financial education resources and make better-informed decisions in the marketplace during National Consumer Protection...

(San Francisco, CA) The California Department of Financial Institutions (DFI) today announced that Citizens Bank of Northern California (Citizens Bank) was closed, citing inadequate capital. Citizens Bank is a state-chartered, federally insured commercial...

(San Francisco, CA) The California Department of Financial Institutions (DFI) today announced that Sacramento District Postal Employees Credit Union (SDPECU) was closed and ordered to be liquidated, citing inadequate capital. SDPECU was a privately...

(Sacramento, CA) – The California Department of Financial Institutions (DFI) today announced the retirement of Carol Chesbrough, Chief Deputy Commissioner. Ms. Chesbrough will conclude her long and distinguished state service career of more than 32 years...

San Francisco - Commissioner of Financial Institutions William S. Haraf announced today that the Department of Financial Institutions (DFI) has received professional accreditation from the Conference of State Bank Supervisors (CSBS), certifying that DFI...

SACRAMENTO, CA – The Department of Corporations (DOC), Department of Financial Institutions (DFI) and the Department of Real Estate (DRE) will partner with other state, federal and local government agencies and financial literacy organizations during the...

(San Francisco, CA) The California Department of Financial Institutions (DFI) today announced the closure of Charter Oak Bank due to inadequate capital and lack of earnings. Charter Oak Bank is a federally insured, state-chartered commercial bank located...

(San Francisco, CA) The California Department of Financial Institutions (DFI) today announced that Oakland Municipal Credit Union (Oakland Municipal) was closed and ordered to be liquidated, citing inadequate capital.  Oakland Municipal is a federally...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) today announced the closure of Western Commercial Bank due to inadequate capital and weakened financial condition. Western Commercial Bank is a federally insured,...

(San Francisco, CA) The California Department of Financial Institutions (DFI) today announced the closure of First Vietnamese American Bank (First Vietnamese American) due to inadequate capital and lack of earnings. First Vietnamese American is a federally...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) urges financial institutions to review their lending policies in order to grant appropriate latitude to existing customers affected by the San Bruno emergency and to expedite...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) today announced the closure of Pacific State Bank, due to the bank’s inadequate capital and weakened financial condition. Pacific State Bank is a federally insured,...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) today announced the closure of Sonoma Valley Bank, due to the bank’s inadequate capital and weakened condition. Sonoma Valley Bank is a federally insured, state-chartered bank...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) today announced the closure of Butte Community Bank, due to the bank's inadequate capital and weakened condition.Butte Community Bank is a federally insured, state-chartered...

(San Francisco, CA) The Department of Financial Institutions (DFI) today announced that Arrowhead Central Credit Union was placed into conservatorship by the National Credit Union Administration (NCUA). Arrowhead Central Credit Union is a federally...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) today announced that regulators have closed 1st Pacific Bank of California citing inadequate capital and other material weaknesses. As of April 30, 2010, 1st Pacific Bank of...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) today announced the closure of Tamalpais Bank, due to the bank's inadequate capital and weakened condition. Tamalpais Bank is a federally insured, state-chartered commercial...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) today announced the closure of Innovative Bank, due to the bank's inadequate capital and weakened condition. Innovative Bank is a federally insured, state-chartered bank based in Oakland...

(San Francisco, CA) The California Department of Financial Institutions (DFI) today announced that First Regional Bank (First Regional) was closed and ordered to be liquidated, citing inadequate liquidity and inadequate capital. First Regional is a...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) today authorized banks located in counties declared to be in a state of emergency by the Governor to close any or all of their offices affected by the winter storms. Pursuant...

(San Francisco, CA) The California Department of Financial Institutions (DFI) today announced that Kern Central Credit Union (Kern Central) was closed and ordered to be liquidated, citing inadequate capital.  Kern Central is a federally insured,...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) announced today that regulators have closed Imperial Capital Bank citing inadequate capital and other material weaknesses. As of November 30, 2009, Imperial Capital Bank,...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) announced today that regulators have closed United Commercial Bank citing inadequate capital and other material weaknesses. As of October 29, 2009, United Commercial Bank, San...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) today announced that Second Baptist Church Credit Union (Second Baptist) was closed and ordered to be liquidated, citing insolvency and failure to obey an order. Second Baptist...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) announced today that regulators have closed San Joaquin Bank, citing inadequate capital and inadequate liquidity. San Joaquin Bank, located in Bakersfield, is a member of the...

Contact: Lila Mirrashidi(916) 322-5275 Press Releases Consumer Alerts Resources Press Releases 2018 Press Releases 2017 Press Releases 2016 Press Releases 2015 Press Releases 2014 Press Releases 2013

(San Francisco, CA) - The California Department of Financial Institutions (DFI) announced today that regulators have closed Affinity Bank, citing inadequate capital. As of July 31, 2009, Affinity Bank, located in Ventura, had total assets of approximately...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) announced today that regulators have closed Temecula Valley Bank, citing inadequate capital. As of June 30, 2009, Temecula Valley Bank, located in Temecula, CA, had total...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) today announced the closure and liquidation of Watts United Credit Union, Los Angeles, citing insolvency. As of June 30, 2009, Watts United Credit Union had assets of...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) announced today that regulators have closed MetroPacific Bank, citing inadequate capital. As of June 15, 2009, MetroPacific Bank, located in Irvine, had total assets of...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) announced today that regulators have closed First Bank of Beverly Hills, citing inadequate capital.As of April 15, 2009, First Bank of Beverly Hills, located in Calabasas, CA...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) announced today that it has closed Alliance Bank, citing inadequate capital. Immediately following the closure, the DFI named the Federal Deposit Insurance Corporation (FDIC)...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) announced today that it has closed County Bank, citing inadequate capital. Immediately following the closure, the DFI named the Federal Deposit Insurance Corporation (FDIC) as...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Valley Republic Bank will open for business on February 2, 2009 in Bakersfield, CA with initial...

Contact: Lila Mirrashidi(916) 322-5275 Press Releases Consumer Alerts Resources Press Releases 2018 Press Releases 2017 Press Releases 2016 Press Releases 2015 Press Releases 2014 Press Releases 2013

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Global Trust Bank will open for business on December 3, 2008 in Mountain View, Santa Clara...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Royal Business Bank will open for business on November 18, 2008 in Los Angeles with initial...

(San Francisco, CA) - California Department of Financial Institutions (DFI) announced today that regulators have closed Security Pacific Bank, citing inadequate capital. As of October 31, 2008, Security Pacific Bank, located in Los Angeles, had total...

(San Francisco, CA) - Commissioner of Financial Institutions William S. Haraf today announced the appointment of RaAnn Wood as Deputy Commissioner, Credit Unions, for the Department of Financial Institutions (DFI). RaAnn Wood, of Los Angeles, was appointed...

(San Francisco, CA) California Department of Financial Institutions (DFI) Commissioner William S. Haraf announced today that he has entered into a Settlement Agreement with Santiago Araneta, Juan Carlos Araneta, Fernando Araneta and Monica Araneta...

(San Francisco, CA) The California Department of Financial Institutions (DFI) today announced that it had taken control of Valley Credit Union and appointed the National Credit Union Administration (NCUA) as conservator. The NCUA will operate the credit...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. CapitalSource Bank will open for business on July 25, 2008 in Brea with initial capital of $921...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Vibra Bank will open for business on July 10, 2008 in Chula Vista, San Diego County, with...

(San Francisco, CA) The California Department of Financial Institutions (DFI) and the National Credit Union Administration (NCUA) ordered the liquidation of Sterlent Credit Union (Sterlent), a state-chartered, federally insured credit union based in...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Suncrest Bank will open for business on May 19, 2008 in Visalia, Tulare County, with initial...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Capital Bank will open for business on March 26, 2008 in San Juan Capistrano, CA with initial...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Mega Bank will open for business on February 5, 2008 in San Gabriel, CA with initial capital of...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. California Republic Bank will open for business on December 5, 2007 in Newport Beach with...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Partners Bank of California will open for business on November 16, 2007 in Mission Viejo with...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Bank of Feather River will open for business on November 6, 2007 in Yuba City with initial...

(San Francisco, CA) The California Department of Financial Institutions (DFI) today announced that Cal State 9 Credit Union was placed into conservatorship. Cal State 9 is a state-chartered, NCUA insured, credit union based in Concord. The National Credit...

Encourages financial institutions to continue to explore various ways to offer relief to fire victims in their communities (San Francisco, CA) - The California Department of Financial Institutions (DFI) today announced that banks located in the counties of...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Lighthouse Bank will open for business on October 29, 2007 in Santa Cruz with initial capital of...

-- Authorizes Banks Located in the Counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura Proclaimed in State of Emergency to Close and Provides Flexibility Needed to Service Customers in Fire-Affected Areas(San...

(San Francisco, CA) The Department of Financial Institutions (DFI) is urging consumers to take steps to avoid mortgage-related troubles than can result in home foreclosure. Don't wait! Do this today! Open and respond to all mail from your lender. Contact...

(San Francisco, CA) - The California Department of Financial Institutions (DFI) today announced the closure and liquidation of Kaiser Lakeside Credit Union (Kaiser Lakeside). Kaiser Lakeside had approximately $24 million in assets and 3,500 members....

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. American Principle Bank will open for business on October 15, 2007 in San Luis Obispo with...

(San Francisco, CA) – The California Department of Financial Institutions (DFI) announced today that regulators have closed Imperial Capital Bank citing inadequate capital and other material weaknesses. As of November 30, 2009, Imperial Capital Bank,...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Santa Ana Business Bank will open for business on October 9, 2007 in Santa Ana with initial...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Santa Ana Business Bank will open for business on October 9, 2007 in Santa Ana with initial...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Community Valley Bank will open for business on October 1, 2007 in El Centro, Imperial County,...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Commerce Bank of Temecula Valley will open for business on September 17, 2007 in Murrieta,...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has terminated the Consent Agreement entered into with Western Union dated August 14, 2003. The termination of the Consent Agreement followed...

(San Francisco, CA) Department of Financial Institutions (DFI) Commissioner Michael A. Kelley attended Consumer Home Mortgage Town Hall events on Saturday, July 14, 2007 at the California Baptist University - Yeager Center in Riverside and on Saturday,...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. California Bank of Commerce will open for business on July 17, 2007 in Lafayette, Contra Costa...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state financial institution. San Pasqual Fiduciary Trust Company will open in Los Angeles with initial...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Golden Coast Bank will open for business on May 7, 2007 in Long Beach with initial capital of...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Pacific Enterprise Bank will open for business on April 30, 2007 in Irvine with initial capital...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. 1st Capital Bank will open for business on April 16, 2007 in Monterey with initial capital of...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. 1st Capital Bank will open for business on April 16, 2007 in Monterey with initial capital of...

(San Francisco, CA) - California Department of Financial Institutions (DFI) Commissioner Michael A. Kelley announced today that he has entered into a Settlement Agreement with Antequera, Inc. ("Antequera"), a licensed money transmitter. Antequera received...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Stellar Business Bank will open for business on April 9, 2007 in Covina with initial capital of...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Stellar Business Bank will open for business on April 9, 2007 in Covina with initial capital of...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Folsom Lake Bank will open for business on April 2, 2007 in Folsom with initial capital of $15.9...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Commerce Bank of Folsom will open for business on March 19, 2007 in Folsom, with initial capital...

(San Francisco, CA) - California Department of Financial Institutions (DFI) Commissioner Michael A. Kelley announced today that he has entered into a Settlement Agreement with Maniflo Money Exchange, Inc. ("Maniflo"), a licensed money transmitter. Maniflo...

(San Francisco, CA) - California Department of Financial Institutions (DFI) Commissioner Michael A. Kelley announced today that he has entered into a Settlement Agreement with Interpayment Services Limited ("ISL"), a licensed issuer of travelers checks....

(San Francisco, CA) - California Department of Financial Institutions (DFI) Commissioner Michael A. Kelley announced today that he has entered into a Settlement Agreement with G&T Continental, Inc. ("G&T"), a licensed money transmitter. G&T...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Sunrise Community Bank will open for business on February 27, 2007 in Palm Desert with initial...

(San Francisco, CA) California Department of Financial Institutions (DFI) Commissioner Michael A. Kelley announced today that he has entered into a Settlement Agreement with Motran Services, Inc. ("Motran"), a licensed money transmitter. Motran received a...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Security First Bank will open for business on February 12, 2007 in Fresno with an initial...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Focus Business Bank will open for business on January 16, 2007 in San Jose with an initial...

(San Francisco, CA)The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Pacific Alliance Bank will open for business on December 27, 2006 in Rosemead (Los Angeles...

(San Francisco, CA) The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Embarcadero Bank will open for business on December 18, 2006 in San Diego with an initial...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Promerica Bank will open for business on November 7, 2006 in Los Angeles, California with an initial...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Americas United Bank will open for business on November 6, 2006 in Glendale, California with an...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Cornerstone Community Bank will open for business on October 23, 2006 in Red Bluff, Tehama County,...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Alta Alliance Bank will open for business on October 16, 2006 in Oakland, CA with an initial capital...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. New Resource Bank will open for business on September 19, 2006 in San Francisco with an initial...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Friendly Hills Bank will open for business on September 18, 2006 in Whittier, Los Angeles County with...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. U.S. Metro Bank will open for business on September 15, 2006 in Garden Grove, Orange County, with an...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. San Diego Private Bank opened for business on August 3, 2006 in La Jolla, San Diego County, with an...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Premier Business Bank opened for business on July 25, 2006 in Los Angeles, Los Angeles County, with an...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. American Riviera Bank opened for business on July 18, 2006 in Santa Barbara, Santa Barbara County,...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Presidio Bank will open for business on July 24, 2006 in San Francisco, San Francisco County, with an...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Pinnacle Bank opened for business on July 17, 2006 in Morgan Hill, with an initial capital of $27.5...

San Francisco - California Department of Financial Institutions (DFI) Acting Commissioner Michael A. Kelley announced today that he has entered into a Settlement Agreement with Vigo Remittance Corp. ("Vigo"), a licensed money transmitter. Vigo received a...

San Francisco - California Department of Financial Institutions (DFI) Acting Commissioner Michael A. Kelley announced today that he has entered into a Settlement Agreement with Groupex Financial Corporation ("Groupex"), a licensed money transmitter....

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Atlantic Pacific Bank will open for business in Santa Rosa on July 10, 2006 with an initial capital of...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. 1st Enterprise Bank will open for business in Los Angeles on July 3, 2006 with an initial capital of...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. River Valley Community Bank opened for business on June 26, 2006 in Yuba City, Sutter County, with an...

San Francisco- Acting Commissioner of Financial Institutions Michael A. Kelley announced today that the Department of Financial Institutions (DFI) has received professional accreditation from the Conference of State Bank Supervisors (CSBS), certifying that...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Sutter Community Bank will open its doors in Yuba City on June 19, 2006 with an initial capital of...

San Francisco - On Monday, May 22, 2006, the U.S. Department of Veteran Affairs (VA) published a notice that electronic data on approximately 26.5 million veterans and some spouses may have been compromised. The stolen data could include the names, Social...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new Transmitter of Money Abroad (TMA). ADIR Money Transfer Corporation DBA La Curacao Money Transfer (La Curacao) will...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Golden Valley Bank will open its doors in Chico (Butte County) on April 25, 2006 with an initial...

SACRAMENTO-The state Department of Financial Institutions (DFI) and the state Department of Corporations (DOC) will partner during this year's annual California Financial Literacy Month to highlight the month's theme of "Prepare Now for a Strong Financial...

San Francisco - Acting California Department of Financial Institutions ("DFI") Commissioner Brian Yuen announced today that he has issued a final Cease and Desist Order, pursuant to Financial Code Section 1818 ("Order") against Envios R.D. Corp....

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Western Commercial Bank will open its doors in Woodland Hills on February 6, 2006 with an initial...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Community 1st Bank will open its doors in Roseville on February 1, 2006 with an initial capital of...

San Francisco - California Department of Financial Institutions ("DFI") Acting Commissioner Brian Yuen announced today that he has entered into a Settlement Agreement with Antequera, Incorporated ("Antequera"), a licensed money transmitter. Antequera...

San Francisco- California Department of Financial Institutions ("DFI") Acting Commissioner Brian Yuen announced today that during 2005, 22 new state-chartered banks opened for business in California.The Department of Financial Institutions (DFI) currently...

San Francisco - California Department of Financial Institutions ("DFI") Acting Commissioner Brian Yuen announced today that he has entered into a Settlement Agreement with International Remittance (USA) Corporation ("iRemit"), a licensed money transmitter....

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Plaza Bank will open its doors on December 30, 2005 with an initial capital of $13 million."I am...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Fresno First Bank will open its doors on December 23, 2005 with an initial capital of $16.5 million....

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Bank of Santa Barbara will open its doors on December 19, 2005 with an initial capital of $8...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Community Business Bank will open its doors at a temporary location on November 14, 2005 with an...

San Francisco - California Department of Financial Institutions (DFI) Acting Commissioner Brian Yuen announced today that he has entered into a Settlement Agreement with Kelsea Thi Dao ("Dao"), an employee and shareholder of Anh Minh Transfer, Inc., a...

San Francisco - Acting California Department of Financial Institutions (DFI) Commissioner Brian Yuen announced today that he has entered into a Settlement Agreement with Continental Express Money Order Company, Inc. ("Continental"), a licensed payment...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. California Business Bank will open its doors in Los Angeles on November 1, 2005 with an initial...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. First General Bank will open its doors in Los Angeles County on October 13, 2005 with an initial...

San Francisco - California Department of Financial Institutions (DFI) Acting Commissioner Brian Yuen announced today that he has entered into a Settlement Agreement with Regent Forex, Inc. ("Regent"), a licensed money transmitter. Regent received a license...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Tri-Valley Bank will open its doors in Contra Costa and Alameda counties on September 29, 2005 with an...

San Francisco - Responding to over 300 financial institutions within the Gulf Region impacted by Hurricane Katrina, the Department of Financial Institutions (DFI) today announced its assistance in providing critical financial services to the people of the...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. First Choice Bank will open its doors on August 18, 2005 with an initial capital of $12.4 million."I...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Bank of San Francisco will open its doors on August 1, 2005 with an initial capital of $10 million."I...

San Francisco - The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Pan Pacific Bank will open its doors in Fremont on July 18, 2005 with an initial capital of $15.8...

San Francisco - California Department of Financial Institutions (DFI) Commissioner Howard Gould announced today that he has entered into a Settlement Agreement with PayPal, Inc. ("PayPal"), a licensed money transmitter. PayPal received a license from DFI...

San Francisco - California Department of Financial Institutions (DFI) Commissioner Howard Gould announced today that he has entered into a Settlement Agreement with Groupex Financial Corporation ("Groupex"), a licensed money transmitter. Groupex received a...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Security Bank of California will open its doors in Riverside on June 20, 2005 with an initial capital...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Desert Commercial Bank will open its doors in Palm Desert on June 16, 2005 with an initial capital of...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. First Standard Bank will open its doors in Los Angeles on June 10, 2005 with an initial capital of...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. First Standard Bank will open its doors in Los Angeles on June 10, 2005 with an initial capital of...

San Francisco- California Department of Financial Institutions (DFI) Commissioner Howard Gould announced today that he has entered into a Settlement Agreement with Le's Intercontinental Money Transfer, Inc. ("Le's"), a licensed money transmitter. Le's...

San Francisco- California Department of Financial Institutions (DFI) Commissioner Howard Gould announced today that he has entered into a Settlement Agreement with Le's Intercontinental Money Transfer, Inc. ("Le's"), a licensed money transmitter. Le's...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. California United Bank will open its doors in Encino, Ventura County on May 23, 2005 with an initial...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. First Vietnamese American Bank will open its doors in Westminster on May 11, 2005 with an initial...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Founders Community Bank will open its doors in San Luis Obispo on May 5, 2005 with a capitalization of...

Sacramento-The Department of Financial Institutions (DFI) Sacramento Regional Office recently received recognition by its own employee and the Sacramento Area Human Resource Association (SAHRA) as a "SWEL" winner. The Sacramento Workplace Excellence...

Sacramento- California's Commissioner for Financial Institutions Howard Gould today announced the availability of a consumer outreach poster to support California Financial Literacy Month (CAFLM) educational efforts. The theme of this year's CAFLM is...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Commonwealth Business Bank will open its doors in Los Angeles on March 3, 2005 with a capitalization...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Ojai Community Bank will open its doors in Ojai, Ventura County, on March 3, 2005 with a...

San Francisco-Commissioner of Financial Institutions Howard Gould participated in the California Summit on Identity Theft Solutions: Locking up the Evil Twin held at the Sacramento Convention Center on Tuesday, March 1, 2005.Commissioner Gould moderated...

San Francisco-The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. First Community Bank will open its doors in Santa Rosa on January 28, 2005 with a capitalization of...

San Francisco - The Department of Financial Institutions (DFI) today announced it's partnership with the Center for Student Credit Card Education, Inc. (CSCCE) to offer free credit card literacy program for high school seniors.The Center for Student Credit...

Department of Financial Institutions Announces New State Bank - Charter Oak Bank will open its doors in Napa on December 17San Francisco - The California Department of Financial Institutions (DFI) announced today that the Department has approved the...

San Francisco - California Commissioner of Financial Institutions Howard Gould took possession of U.S. Tour and Remittance, Inc. (US Tour), based in San Jose, on Thursday, December 9, 2004. The Commissioner appointed Robb Evans as a Special Deputy...

San Francisco - The California Department of Financial Institutions (DFI) Professional BusinessWomen of California Conference (PBWC) on November 3, 2004.The Department's recruitment staff provided information on the Financial Institution Examiner...

San Francisco - The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Bank of Santa Clarita will open its doors on October 26, 2004 with a capitalization of $13.7...

San Francisco- The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Independence Bank opened its doors on September 22, 2004 to customers in Newport Beach with a...

San Francisco - The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Pacific Valley Bank will open its doors on September 14, 2004 to customers in Salinas with a...

San Francisco - The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Point Loma Community Bank will open its doors on August 2, 2004 to customers in Point Loma, San...

San Francisco - The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Mother Lode Bank will open its doors on July 30, 2004 to customers in Sonora with a capitalization...

San Francisco - The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Bay Commercial Bank will open its doors tomorrow, July 20, 2004, to customers in Contra Costa's...

San Francisco - The California Department of Financial Institutions (DFI) advised state banks in a notice issued June 8 that under state law they may close their offices Friday, at their discretion. Governor Arnold Schwarzenegger declared Friday, June 11,...

San Francisco - The California Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. Beach Business Bank opened its doors today to customers in the Manhattan Beach community with a...

SACRAMENTO - California Financial Institutions Commissioner Howard Gould today announced the appointment of Paul J. Deiro as Legislative Deputy Commissioner for the Department of Financial Institutions (DFI).Paul J. Deiro, of Sacramento, was appointed...

Applauds efforts of industry and legislatorsSacramento- California's Commissioner for Financial Institutions Howard Gould today announced the availability of a consumer outreach poster to support California Financial Literacy Month (CAFLM) educational...

Sacramento- The Department of Financial Institutions (DFI) today announced that Howard Gould, Commissioner of Financial Institutions, has been named Vice Chairman of the Conference of State Bank Supervisors (CSBS) International Bankers Advisory Board."It...

Sacramento- California's Commissioner for Financial Institutions Howard Gould today announced that April 2004 has been designated "California Financial Literacy Month"; (CAFLM) to highlight the importance of financial literacy and encourage all...

San Francisco - The Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. On March 1, 2004, Redwood Capital Bank will open its doors to customers in the Eureka community with a...

San Francisco - The Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. On February 3, 2004, the Santa Cruz County Bank will open its doors to customers in the Santa Cruz community...

San Francisco - The Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. On January 5, 2004, the Five Star Bank Natomas will open its doors to customers in the Natomas community,...

San Francisco - The Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. On December 1, 2003 the Golden State Business Bank opened its doors to customers in the Upland community with a...

San Francisco - The Department of Financial Institutions (DFI) today authorized banks located in the county of Riverside declared to be in a state of emergency by the Governor to close any or all of their offices affected by the fires.Pursuant to...

San Francisco - The Department of Financial Institutions (DFI) today authorized banks located in the counties of Los Angeles, San Bernardino, San Diego and Ventura declared to be in a state of emergency by the Governor to close any or all of their offices...

San Francisco - The Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. On October 27, 2003 the San Diego Trust Bank will open its doors to customers in San Diego with a...

San Francisco - The Department of Financial Institutions (DFI) announced today that the Department has approved the opening of a new state bank. On October 14, 2003 the Bank of Escondido will open its doors to customers in Escondido, San Diego County, with...

San Francisco - The Davis Administration announced today that the California Department of Financial Institutions (DFI) has approved the opening of a new state bank. On September 18, 2003 the Pacific City Bank will open its doors to customers in Los...

San Francisco - The Department of Financial Institutions (DFI) this week released Información para Clientes de Instituciones Financieras del Estado , a Spanish version of its English-language brochure Information for Customers of State Financial...

San Francisco - The Department of Financial Institutions announced today that they have reached a Consent Agreement with Western Union for alleged violations of federal and California anti-money laundering laws and regulations, including the Bank Secrecy...

San Francisco - The Davis Administration announced today that the California Department of Financial Institutions (DFI) has approved the opening of a new state bank. On August 11, 2003 the California Community Bank will open its doors to customers in...

San Francisco - The Davis Administration announced today that the California Department of Financial Institutions (DFI) has approved the opening of a new state bank. On June 10, 2003 the Seacoast Commerce Bank will open its doors to customers in Chula...

San Francisco - The Davis Administration announced today that the California Department of Financial Institutions (DFI) has approved the opening of a new state bank. On June 9, 2003 the United American Bank will open its doors to customers in...

San Francisco - The Davis Administration announced today that the California Department of Financial Institutions (DFI) has approved the opening of a new state bank. On May 23, 2003 the Torrey Pines Bank opened its doors to customers in San Diego."I am...

San Francisco - The Davis Administration announced today that the California Department of Financial Institutions (DFI) has approved the opening of a new state bank. On May 15, 2003 the Commercial Bank of California opened its doors to customers in Costa...

San Francisco - Citing mounting operations and loan losses, the State of California today closed the Southern Pacific Bank, an industrial bank, located in Torrance, California along with three branches located in Brentwood, West Los Angeles and Irvine. It...

SACRAMENTO - Governor Davis today proclaimed April 2002 "Financial Literacy Month" in California to encourage Californians to increase their understanding of saving, investing, and credit choices. This is the first Financial Literacy Month in California....

Sacramento - The Davis Administration today announced that the Department of Financial Institutions (DFI) has introduced a redesigned Web site to better serve customers of California's financial institutions and California's financial institutions as...

SACRAMENTO - The California Department of Financial Institutions (DFI) today announced the release of a consumer brochure designed to assist consumers who send money to foreign countries."DFI has made financial literacy and consumer education a...

SACRAMENTO - The California Department of Financial Institutions (DFI) is partnering with the Federal Reserve Bank of San Francisco and other government and community organizations to sponsor train-the-trainer workshops, "Building Native American...

SACRAMENTO - The California Department of Financial Institutions (DFI) is partnering with the Federal Reserve Bank of San Francisco and other government and community organizations to sponsor train-the-trainer workshops, "Building Native American...

SACRAMENTO - Governor Davis today proclaimed April 2002 "Financial Literacy Month" in California to encourage Californians to increase their understanding of saving, investing, and credit choices. This is the first Financial Literacy Month in...

Each Credit Union provides unique services designed to meet the growing needs of their members and help them plan for the futureSACRAMENTO - The Davis Administration announced today that during the last few years, there has been an increase in conversions...

Each bank has its unique characteristics from serving a small community or ethnic community to offering special services for small businesses and professionalsSACRAMENTO - The Davis Administration announced today that during 2001, eight new state-chartered...

Chart demonstrates the amount of time it would take for cardholders to completely pay off a credit card debt at various interest rates when only making the minimum paymentSACRAMENTO - The Department of Financial Institutions (DFI) today announced that they...

SACRAMENTO - As 2001 came to a close, the State of California reports that there was a significant increase in the number of licensed transmitters of money abroad and approved agents in our state."We estimated transmission volume for 2000 to be $3.7...

SACRAMENTO - Department of Financial Institutions Commissioner Donald R. Meyer today announced the appointment of Arlene Rutherford as Deputy Commissioner for the Department of Financial Institutions in charge of the Special Licensees Division with an...

SACRAMENTO - Governor Gray Davis will join Governor John Kitzhaber of Oregon and Governor Gary Locke of Washington tomorrow (9/14) in leading a minute of silence throughout the West Coast.The moment of silence is in concert with President Bush's call for a...

SACRAMENTO - Governor Gray Davis today briefed reporters and the state on what California is doing protect its citizens in the aftermath of today's attacks in NewYork and Washington.To hear the complete remarks, call (916) 327-6917.Press 4 for Governor...

SACRAMENTO - Department of Financial Institutions Commissioner Donald R. Meyer today announced that the Department has received its certificate of accreditation from the National Association of State Credit Union Supervisors (NASCUS). The Credit Union...

SACRAMENTO - The California Department of Financial Institutions (DFI) obtained a permanent injunction against Allied Boston Bank ("Allied") on June 26, 2001. Allied is an offshore bank licensed by the Republic of Palau."The injunction prohibits Allied...

SACRAMENTO - Department of Financial Institutions Commissioner Donald R. Meyer today announced the appointment of Margaret ("Meg") Svoboda as Legislative Deputy Commissioner for the Department of Financial Institutions (DFI).Meg Svoboda, of Sacramento, was...

SACRAMENTO - Department of Financial Institutions Commissioner Donald R. Meyer today announced that the Department has received its third certificate of accreditation from the Conference of State Bank Supervisors (CSBS), certifying that the Department...

SACRAMENTO - Department of Financial Institutions Commissioner Donald R. Meyer today announced the appointment of Craig A. Carlson as Deputy Commissioner for the Department of Financial Institutions, San Diego/Orange County Region, and effective June 18,...

SACRAMENTO - Governor Gray Davis today announced the appointment of Carol D. Chesbrough as Chief Deputy Commissioner of the Department of Financial Institutions.Ms. Chesbrough, 49, of Sacramento, is the Acting Chief Deputy Commissioner for the Department...

SACRAMENTO - Department of Financial Institutions (DFI) Commissioner Donald R. Meyer today highlighted the importance of financial literacy activities by state-chartered financial institutions. Financial literacy programs have been effective in enhancing...

SACRAMENTO - Business, Transportation and Housing Agency Secretary Maria Contreras-Sweet today announced the appointment of the Credit Union Advisory Committee.The Credit Union Advisory Committee was created legislatively in 1996 (effective July 1, 1997)...

SACRAMENTO - The California Department of Financial Institutions proclaimed the month of April as "Financial Literacy for Youth Month." The financial literacy campaign is a joint effort of state and federal government agencies and private sector...

SACRAMENTO - Department of Financial Institutions Commissioner Donald R. Meyer today announced the appointment of Brian H. Yuen as Deputy Commissioner for the Department of Financial Institutions.Mr. Yuen, of San Francisco, was appointed Deputy...

The transmitter industry is a steadily growing industry that serves many California residents who send money to other countries. Licensed transmitters of money abroad are a $3.7 billion dollar industry in California. In 1990, there were 19 licensed...

SAN FRANCISCO - The Department of Financial Institutions learned that "Allied Boston Bank" ("Allied"), an off-shore bank licensed by the Republic of Palau, might be engaged in the banking business at offices located in San Francisco. On June 23, 2000, the...