Foreign (Other State) Banks

California plays host to offices of state-chartered banks that are headquartered in other states. The regulator of the state where the bank is chartered, the “home state” regulator bears the primary responsibility for the licensing, examination and regulation of the other state bank.

Facilities

FDIC-insured state-chartered banks headquartered in other states may establish facilities (loan production offices) in California by filing a notice with the Commissioner 30 days before opening. Non-insured state-chartered banks headquartered in other states must file an application and pay a fee.

Branch Offices

Other state banks that wish to establish branch offices in California can do so through de novo branching or by acquiring a California bank that has been in existence for five years.