
2001 – 2013 Department of Financial Institutions News Releases
STATE AGENCIES HIGHLIGHT THE IMPORTANCE OF FINANCIAL LITERACY DURING THE MONTH OF APRIL – CALIFORNIA FINANCIAL LITERACY MONTH
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...
California State Senate Confirms Teveia R. Barnes as Commissioner of Department of Financial Institutions
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...
Telesis Community Credit Union Placed into Liquidation
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...
MEDIA ADVISORY Financial Literacy Fair on April 24
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...
Telesis Community Credit Union Placed into Conservatorship
(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...
Department of Financial Institutions Announces Participation in National Consumer Protection Week March 4-10, 2012
(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...
Department of Financial Institutions Appoints Receiver for Citizens Bank of Northern California
(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...
California Department of Financial Institutions Orders Closure and Liquidation of Sacramento District Postal Employees Credit Union
(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...
DFI Announces Retirement of Chief Deputy Commissioner Carol Chesbrough
(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...
California Department of Financial Institutions Receives National Accreditation
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...
STATE AGENCIES HIGHLIGHT THE IMPORTANCE OF FINANCIAL LITERACY DURING THE MONTH OF APRIL
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...
State Closes Charter Oak Bank
(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...
California Department of Financial Institutions Orders Closure and Liquidation of Oakland Municipal Credit Union
(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...
State Closes Western Commercial Bank
(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,...
State Closes First Vietnamese American Bank
(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...
California Department of Financial Institutions Urges Licensees to Assist Customers Affected by San Bruno Emergency
(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...
State Closes Pacific State Bank
(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,...
State Closes Sonoma Valley Bank
(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...
State Closes Butte Community 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...
Arrowhead Central Credit Union Placed into Conservatorship
(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...
State Closes 1st Pacific Bank of California
(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...
State Closes Tamalpais Bank
(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...
State Closes Innovative Bank
(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...
State Closes First Regional Bank
(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...
California Department of Financial Institutions Allows State Banks Affected By Winter Storms to Close
(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...
California Department of Financial Institutions Orders Closure and Liquidation of Kern Central Credit Union
(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,...
State Closes Imperial Capital Bank
(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,...
State Closes United Commercial 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...
California Department of Financial Institutions Orders Closure and Liquidation of Second Baptist Church Credit Union
(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...
State Closes San Joaquin Bank
(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...
California Department of Financial Institutions Allows State Banks Affected by Fires to Close
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
State Closes Affinity Bank
(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...
State Closes Temecula Valley Bank
(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...
State Orders Closure and Liquidation of Watts United Credit Union
(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...
State Closes MetroPacific Bank
(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...
State Closes Mirae Bank
(San Francisco, CA) - The California Department of Financial Institutions (DFI) announced today that regulators have closed Mirae Bank, citing inadequate capital. As of June 15, 2009, Mirae Bank, located in Southern California, had total assets of...
State Closes First Bank of Beverly Hills
(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...
State Closes Alliance Bank
(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)...
State Closes County Bank
(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...
Department of Financial Institutions Announces New State Bank – Valley Republic Bank will open for business on Feb. 2 in Bakersfield
(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...
State Closes 1st Centennial Bank
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
Department of Financial Institutions Announces New State Bank – Global Trust Bank will open for business on December 3 in Mountain View, Santa Clara 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. Global Trust Bank will open for business on December 3, 2008 in Mountain View, Santa Clara...
Department of Financial Institutions Announces New State Bank – Royal Business Bank will open for business in Los Angeles on November 18
(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...
State Closes Security Pacific Bank
(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...
RaAnn Wood Appointed Credit Union Deputy Commissioner
(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...
Department of Financial Institutions enters into a Settlement Agreement with the principal owners of LBC Mundial Corporation
(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...
California Department of Financial Institutions Places Valley Credit Union into Conservatorship
(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...
Department of Financial Institutions Announces New State Bank – CapitalSource Bank will open for business on July 25 in Brea
(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...
Department of Financial Institutions Announces New State Bank – Vibra Bank will open for business on July 10 in Chula Vista
(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...
Sterlent Credit Union Liquidated
(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...
Department of Financial Institutions Announces New State Bank – Suncrest Bank will open for business on May 19 in Visalia
(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...
Department of Financial Institutions Announces New State Bank – Capital Bank will open for business on March 26 in San Juan Capistrano
(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...
Department of Financial Institutions Announces New State Bank – Mega Bank will open for business on February 5 in San Gabriel
(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...
Department of Financial Institutions Announces New State Bank – California Republic Bank will open for business on December 5
(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...
Department of Financial Institutions Announces New State Bank – Partners Bank of California will open for business on November 16
(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...
Department of Financial Institutions Announces New State Bank – Bank of Feather River will open for business on November 6
(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...
California Department of Financial Institutions Places Cal State 9 Credit Union into Conservatorship
(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...
Department of Financial Institutions Determines that Extraordinary Situation has Subsided
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...
Department of Financial Institutions Announces New State Bank – Lighthouse Bank will open for business on October 29
(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...
Department of Financial Institutions Determines that an Extraordinary Situation Exists
-- 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...
DFI Urges Consumers to Take Action Now Before they have Mortgage-Related Problems
(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...
State Orders Closure and Liquidation of Kaiser Lakeside Credit Union
(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....
Department of Financial Institutions Announces New State Bank – American Principle Bank will open for business on October 15
(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...
State Closes Imperial Capital Bank
(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,...
Department of Financial Institutions Announces New State Bank – Santa Ana Business Bank will open for business on October 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. Santa Ana Business Bank will open for business on October 9, 2007 in Santa Ana with initial...
Department of Financial Institutions Announces New State Bank – Santa Ana Business Bank will open for business on October 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. Santa Ana Business Bank will open for business on October 9, 2007 in Santa Ana with initial...
Department of Financial Institutions Announces New State Bank – Community Valley Bank will open for business on October 1
(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,...
Department of Financial Institutions Announces New State Bank – Commerce Bank of Temecula Valley will open on September 17
(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,...
Department of Financial Institutions Announces Termination of Consent Agreement with Western Union
(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...
Commissioner of Financial Institutions Participates in Consumer Home Mortgage Town Hall Events
(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,...
Department of Financial Institutions Announces New State Bank – California Bank of Commerce will open in Lafayette on July 17
(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...
Department of Financial Institutions Announces New Financial Institution – San Pasqual Fiduciary Trust Company has been approved to open
(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...
Department of Financial Institutions Announces New State Bank – Golden Coast Bank will open for business on May 7
(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...
Department of Financial Institutions Announces New State Bank – Pacific Enterprise Bank will open for business on April 30
(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...
Department of Financial Institutions Announces New State Bank – 1st Capital Bank will open for business on April 16
(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...
Department of Financial Institutions Announces New State Bank – 1st Capital Bank will open for business on April 16
(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...
Department of Financial Institutions enters into a Settlement Agreement with Antequera, Inc.
(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...
Department of Financial Institutions Announces New State Bank – Stellar Business Bank will open for business on April 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. Stellar Business Bank will open for business on April 9, 2007 in Covina with initial capital of...
Department of Financial Institutions Announces New State Bank – Stellar Business Bank will open for business on April 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. Stellar Business Bank will open for business on April 9, 2007 in Covina with initial capital of...
Department of Financial Institutions Announces New State Bank – Folsom Lake Bank will open for business on April 2
(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...
Department of Financial Institutions Announces New State Bank – Commerce Bank of Folsom will open for business on March 19
(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...
Department of Financial Institutions enters into a Settlement Agreement with Maniflo Money Exchange, Inc.
(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...
Department of Financial Institutions enters into a Settlement Agreement with Interpayment Services Limited
(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....
Department of Financial Institutions enters into a Settlement Agreement with G&T Continental, Inc.
(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...
Department of Financial Institutions Announces New State Bank – Sunrise Community Bank will open for business on February 27 in Palm Desert
(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...
Department of Financial Institutions enters into a Settlement Agreement with Motran Services, Inc.
(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...
Department of Financial Institutions Announces New State Bank – Security First Bank will open for business on February 12 in Fresno
(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...
Department of Financial Institutions Announces New State Bank – Focus Business Bank will open for business on January 16 in San Jose
(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...
Department of Financial Institutions Announces New State Bank – Pacific Alliance Bank Will Open its Doors on December 27 in Rosemead
(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...
Department of Financial Institutions Announces New State Bank – Embarcadero Bank Will Open its Doors on December 18 in San Diego
(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...
Department of Financial Institutions Announces New State Bank – Promerica Bank Will Open its Doors on November 7 in Los Angeles
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...
Department of Financial Institutions Announces New State Bank – Americas United Bank Will Open its Doors on November 6 in Glendale, CA
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...
Department of Financial Institutions Announces New State Bank – Cornerstone Community Bank will open for business on October 23 in the Red Bluff Community
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,...
Department of Financial Institutions Announces New State Bank – Alta Alliance Bank will open for business on October 16 in Oakland, CADepartment of Financial Institutions Announces New State Bank – Alta Alliance Bank will open for business on October 16 in Oakland, CA
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...
Department of Financial Institutions Announces New State Bank – New Resource Bank will open for business on Sept. 19 in San Francisco
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...
Department of Financial Institutions Announces New State Bank – Friendly Hills Bank will open for business on Sept. 18 in Whittier, CA
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...
Department of Financial Institutions Announces New State Bank – U.S. Metro Bank will open for business on Sept. 15 in Garden Grove
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...
Department of Financial Institutions Announces New State Bank – San Diego Private Bank opened for business on August 3, 2006 in La Jolla
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...
Department of Financial Institutions Announces New State Bank – Premier Business Bank opened for business on July 25, 2006 in Los Angeles
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...
Department of Financial Institutions Announces New State Bank – American Riviera Bank opened for business on July 18, 2006 in Santa Barbara
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,...
Department of Financial Institutions Announces New State Bank – Presidio Bank will open for business on July 24, 2006 in San Francisco
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...
Department of Financial Institutions Announces New State Bank – Pinnacle Bank opened its doors on July 17 in Morgan Hill
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...
Department of Financial Institutions enters into a Settlement Agreement with Vigo Financial Corporation
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...
Department of Financial Institutions enters into a Settlement Agreement with Groupex Financial Corporation
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....
Department of Financial Institutions Announces New State Bank – Atlantic Pacific Bank will open for business on July 10, 2006 in Santa Rosa
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...
Department of Financial Institutions Announces New State Bank – 1st Enterprise Bank will open for business on July 3, 2006 in Los Angeles
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...
Department of Financial Institutions Announces New State Bank – River Valley Community Bank opened its doors on June 26 in Yuba City
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...
California Department of Financial Institutions Receives National Accreditation from Conference of State Bank Supervisors (CSBS)
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...
Department of Financial Institutions Announces New State Bank – Sutter Community Bank will open its doors in Yuba City on June 19
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...
DFI Alerts California’s Financial institutions on the Need to Remain Vigilant in Verifying Personal Identifying Information for New and Existing Customers – Consumers can take steps to help protect their identity
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...
Department of Financial Institutions Announces New Transmitter of Money Abroad – La Curacao Money Transfer will officially open in Los Angeles on May 18
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...
Department of Financial Institutions Announces New State Bank – Golden Valley Bank will open its doors in Chico on April 24
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...
GOV. SCHWARZENEGGER PROCLAIMS APRIL 2006 “CALIFORNIA FINANCIAL LITERACY MONTH” Department of Financial Institutions and Department of Corporations join together to urge Californians to “Prepare Now for a Strong Financial Future”
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...
Department of Financial Institutions Issues Final Cease and Desist Order Against Envios R.D. Corp.
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....
Department of Financial Institutions Announces New State Bank – Western Commercial Bank will open its doors in Woodland Hills on February 6
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...
Department of Financial Institutions Enters into a Settlement Agreement with Antequera, Inc., 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. Community 1st Bank will open its doors in Roseville on February 1, 2006 with an initial capital of...
Department of Financial Institutions Enters into a Settlement Agreement with Antequera, Inc., a Licensed Money Transmitter
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...
Department of Financial Institutions Announces 22 New State Chartered Banks Opened During 2005 — Assets of state-chartered financial institutions grew to $290 billion
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...
Department of Financial Institutions enters into a Settlement Agreement with International Remittance (USA) Corporation
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....
Department of Financial Institutions Announces New State Bank – Plaza Bank will open its doors in Irvine on December 30
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...
Department of Financial Institutions Announces New State Bank – Fresno First Bank will open its doors on December 23
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....
Department of Financial Institutions Announces New State Bank – Bank of Santa Barbara will open its doors on December 19
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...
Department of Financial Institutions Announces New State Bank – Community Business Bank
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...
Department of Financial Institutions enters into a Settlement Agreement with Kelsea Thi Dao
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...
Department of Financial Institutions enters into a Settlement Agreement with Continental Express Money Order Company, Inc.
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...
Department of Financial Institutions Announces New State Bank – California Business Bank
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...
Department of Financial Institutions Announces New State Bank – First General Bank will open its doors in Rowland Heights on October 13, 2005
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...
Department of Financial Institutions enters into a Settlement Agreement with Regent Forex, Inc.
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...
Department of Financial Institutions Announces New State Bank – Tri-Valley Bank will open its doors in San Ramon on September 29, 2005
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...
Department of Financial Institutions Pledges Assistance to Institutions Disrupted by Hurricane Katrina
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...
Department of Financial Institutions Announces New State Bank – First Choice Bank will open its doors on August 18, 2005
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...
Department of Financial Institutions Announces New State Bank – Bank of San Francisco will open its doors on August 1, 2005
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...
Department of Financial Institutions Announces New State Bank – Pan Pacific Bank will open its doors in Fremont on July 18, 2005
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...
California Department of Financial Institutions enters into a Settlement Agreement with PayPal, Inc.
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...
Department of Financial Institutions enters into a Settlement Agreement with Groupex Financial Corporation
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...
Department of Financial Institutions Announces New State Bank – Security Bank of California will open its doors in Riverside on June 20
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...
Department of Financial Institutions Announces New State Bank – Desert Commercial Bank will open its doors in Palm Desert on June 16
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...
Department of Financial Institutions Announces New State Bank – First Standard Bank will open its doors in Los Angeles on June 10
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...
Department of Financial Institutions Announces New State Bank – First Standard Bank will open its doors in Los Angeles on June 10
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...
Department of Financial Institutions enters into a Settlement Agreement with Le’s Intercontinental Money Transfer, Inc.
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...
Department of Financial Institutions enters into a Settlement Agreement with Le’s Intercontinental Money Transfer, Inc.
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...
Department of Financial Institutions Announces New State Bank – California United Bank will open its doors in Encino (Los Angeles County) on May 23, 2005
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...
Department of Financial Institutions Announces New State Bank – First Vietnamese American Bank will open its doors in Westminster on May 11, 2005
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...
Department of Financial Institutions Announces New State Bank – Founders Community Bank will open its doors in San Luis Obispo on May 5, 2005
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...
Department of Financial Institutions Winner of Sacramento Workplace Excellence Leader Awards – Not For Profit Small-Organization Category
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...
Department of Financial Institutions Announces California Financial Literacy Month Consumer Outreach Poster – “Families Building Strong Financial Futures”Department of Financial Institutions Announces California Financial Literacy Month Consumer Outreach Poster – “Families Building Strong Financial Futures”
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...
Department of Financial Institutions Announces New State Bank – Commonwealth Business Bank will open its doors in Los Angeles on March 3 Department of Financial Institutions Announces New State Bank – Commonwealth Business Bank will open its doors in Los Angeles on March 3
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...
Department of Financial Institutions Announces New State Bank – Ojai Community Bank will open its doors in Ojai, Ventura Co., on March 3
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...
Commissioner of Financial Institutions Moderates Business Perspectives Panel at California Summit on Identity Theft Solutions: Locking up the Evil Twin – DVD/videotape of Summit Available
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...
Department of Financial Institutions Announces New State Bank – First Community Bank will open its doors in Santa Rose on January 28
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...
Department of Financial Institutions Partners with Center for Student Credit Card Education, Inc. to offer free credit card literacy program for high school seniors
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 17
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...
State Closes Transmitter of Money Abroad – U.S. Tour and Remittance, Inc., San Jose
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...
Department of Financial Institutions Participates in Professional BusinessWomen of California Conference at Sacramento Convention Center
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...
Department of Financial Institutions Announces New State Bank – Bank of Santa Clarita will open its doors to the Santa Clarita community on October 26
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...
Department of Financial Institutions Announces New State Bank – Independence Bank opened its doors to the Newport Beach community on September 22
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...
Department of Financial Institutions Announces New State Bank – Pacific Valley Bank will open its doors on September 14
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...
Department of Financial Institutions Announces New State Bank – Point Loma Community Bank will open its doors on August 2, 2004
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...
Department of Financial Institutions Announces New State Bank – Mother Lode Bank will open its doors in Sonora
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...
Department of Financial Institutions Announces New State Bank – Bay Commercial Bank opens its doors in Walnut Creek
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...
DFI Notice to State Banks on Day of Mourning for President Reagan
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,...
Department of Financial Institutions Announces New State Bank – Beach Business Bank opens its doors in Manhattan Beach, CA
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...
PAUL J. DEIRO APPOINTED LEGISLATIVE DEPUTY COMMISSIONER FOR CALIFORNIA DEPARTMENT OF FINANCIAL INSTITUTIONS
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...
Department of Financial Institutions Announces California Financial Literacy Month Consumer Outreach Poster
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...
California Commissioner of Financial Institutions Named Vice Chairman of CSBS International Bankers Advisory Board
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...
Department of Financial Institutions Announces California Financial Literacy Month Launch new CAFLM 2004 Web Site
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...
Department of Financial Institutions Announces New State Bank – Redwood Capital Bank Will Open its Doors for Business on March 1, 2004
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...
Department of Financial Institutions Announces New State Bank – Santa Cruz County Bank Will Open its Doors for Business on February 3, 2004
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...
Department of Financial Institutions Announces New State Bank – Five Star Bank Natomas
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,...
Department of Financial Institutions Announces New State Bank – Golden State Business Bank
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...
Commissioner of Financial Institutions Determines that an Extraordinary Situation Exists – Authorizes Banks Located in the County of Riverside Proclaimed in State of Emergency to Close and Provides Flexibility Needed to Service Customers in Fire-Affected Areas
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...
Commissioner of Financial Institutions Determines that an Extraordinary Situation Exists – Authorizes Banks Located in the Counties Proclaimed in State of Emergency to Close and Provides Flexibility Needed to Service Customers in Fire-Affected Areas
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...
Department of Financial Institutions Announces New State Bank – San Diego Trust Bank
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...
Department of Financial Institutions Announces New State Bank – Bank of Escondido.
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...
Department of Financial Institutions Announces New State Bank – Pacific City Bank.
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...
Department of Financial Institutions Releases New Spanish-Language Brochure for Customers of State Financial Institutions.
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...
Department of Financial Institutions Announces Consent Agreement with Western Union – Western Union will spend $5 million on compliance and agent supervision program
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...
Department of Financial Institutions Announces New State Bank – California Community Bank will open its doors to the Escondido Community
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...
Department of Financial Institutions Announces New State Bank – Seacoast Commerce Bank will open its doors to the Chula Vista Community
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...
Department of Financial Institutions Announces New State Bank – United American Bank will open its doors to the San Mateo Community
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...
Department of Financial Institutions Announces New State Bank – Torrey Pines Bank opened its doors to customers in San Diego
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...
Department of Financial Institutions Announces New State Bank – Commercial Bank of California opened its doors to customers in Costa Mesa
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...
State Closes Troubled Southern Pacific Bank
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...
Department of Financial Institutions Makes Year End Announcement
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....
Department of Financial Institutions Launches New Web Site for Consumers of California’s Financial Institutions
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...
Department of Financial Institutions Releases Consumer Brochures to Assist Consumers Who Send Money Abroad
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...
Department of Financial Institutions Participates in Financial Literacy “Train-the-Trainer” Workshops
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...
Department of Financial Institutions Participates in Financial Literacy Panel at Latina Conference in Sacramento
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...
Governor Davis Declares April 2002 “Financial Literacy Month” in California
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...
Department of Financial Institutions Announces Increase in State Chartered Credit Unions
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...
Department of Financial Institutions Announces 8 New State Chartered Banks Opened During 2001
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...
Department of Financial Institutions Makes Informational Chart about Minimum Payments on Credit Cards Available on its Web Site
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...
State Licensed Money Transmitters sent $4 Billion to Foreign Countries
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...
Arlene Rutherford Appointed Deputy Commissioner for California Department of Financial Institutions
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...
California, Washington and Oregon to Remember Victims with Moment of Silence
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...
Radio Actuality of Governor Davis’ Remarks Now Available
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...
California Department of Financial Institutions Receives Re-accreditation from NASCUS
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...
State Department of Financial Institutions Obtains Permanent Injunction Against Allied Boston BankState Department of Financial Institutions Obtains Permanent Injunction Against Allied Boston BankState Department of Financial Institutions Obtains Permanent Injunction Against Allied Boston Bank
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...
Margaret Svoboda Appointed Legislative Deputy Commissioner for California Department of Financial Institutions
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...
California Department of Financial Institutions Received Re-Accreditation from CSBS
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...
Craig Carlson Appointed Deputy Commissioner for California Department of Financial Institutions
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,...
Governor Davis Appoints Chief Deputy Commissioner to the Department of Financial Institutions
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...
California Department of Financial Institutions highlights the Importance of Financial Literacy Initiatives by State-Chartered Institutions
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...
California Business, Transportation and Housing Agency Secretary Maria Contreras-Sweet Announces Appointment of Credit Union Advisory Committee Members
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)...
State Announces April as Financial Literacy for Youth MonthState Announces April as Financial Literacy for Youth Month
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...
Brian H. Yuen Appointed Deputy Commissioner for California Department of Financial Institutions
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...
State Announces Significant Increase in Licensed Transmitters of Money Abroad and Agents
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...
State Issues Warning Letter to Allied Boston Banking to Cease and Desist from Conducting Banking Business in California – Superior Court Issues Preliminary Injunction
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...
State Issues Warning Letter to Allied Boston Banking to Cease and Desist from Conducting Banking Business in California – Superior Court Issues Preliminary Injunction
SAN FRANCISCO - The Department of Financial Institutions learned that"Allied Boston Bank" ("Allied"), an off-shore bank licensed by theRepublic of Palau, might be engaged in the banking business at offices located in SanFrancisco. On June 23, 2000, the...
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