Unlicensed Bank Warning: Greenwood Commercial Bank

The Department of Business Oversight (DBO) on Nov. 9 issued a cease and desist order against Greenwood Commercial Bank to stop it from operating without a license.” Greenwood purports to be a bank located at 555 12th Street, Suite 500, Oakland, California 94607.” It is not authorized to transact business as a bank, nor is it authorized to transact business under a name which contains the word “bank” and indicates the business is that of a bank.” Any person who has communicated with Greenwood should contact the DBO Legal Division at (415) 263-8541.