Cal. Financial Code - FIN § 1680. Section 1680.
No foreign (other state) state bank may transact core banking business in this state except at a branch office established in accordance with federal law and the law of the domicile of the bank.
ARTICLE 2. California Branch Offices [1680. - 1688.]
Cal. Financial Code - FIN 2.
in effectCal. Financial Code - FIN § 1681. Section 1681.
Section 1680 does not prohibit:
(a)
Any foreign (other state) state bank that does not maintain a California branch office from carrying on the activities described in subdivision (d) of Section 191 of the Corporations Code.
(b)
Any foreign (other state) state bank that does not maintain a California branch office from making, in this state, loans secured by
liens on real property located in this state.
(c)
Any foreign (other state) state bank from having a California state bank as its agent pursuant to Chapter 6.5 (commencing with Section 800).
Cal. Financial Code - FIN § 1682. Section 1682.
No foreign (other state) bank may establish or maintain a California branch office unless it is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section 2100) of Division 1 of Title 1 of the Corporations Code.
Cal. Financial Code - FIN § 1683. Section 1683.
No foreign (other state) bank may establish or maintain a California branch office unless the bank is insured.
Cal. Financial Code - FIN § 1684. Section 1684.
(a)
(1)
No foreign (other state) bank may merge as the surviving corporation with a California bank, except that an insured foreign (other state) bank may do so in accordance with federal law, the law of the domicile of the foreign (other state) bank, this chapter, and Division 1.6 (commencing with Section 4800).
(2)
No foreign (other state) bank may purchase the whole business
unit of a California bank, except that an insured foreign (other state) bank may do so in accordance with federal law, the law of the domicile of the foreign (other state) bank, this chapter, and Division 1.6 (commencing with Section 4800).
(3)
No foreign (other state) bank that does not already maintain a California branch office may establish or maintain a California branch office except in the manner described in paragraph (1) or (2) and in accordance with federal law, the law of the domicile of the foreign (other state) bank, and this chapter.
(b)
This section constitutes:
(1)
An election to permit early interstate merger transactions pursuant to Section 44(a)(3) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831u(a)(3)).
(2)
An express
prohibition against interstate branching through the acquisition of a branch business unit located in this state of a California bank (without acquisition of the whole business unit of the California bank) pursuant to Section 44(a)(4) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831u(a)(4)).
Cal. Financial Code - FIN § 1685. Section 1685.
(a)
No foreign (other state) bank that does not already maintain a California branch office may:
(1)
Merge as the surviving bank with a California bank pursuant to paragraph (1) of subdivision (a) of Section 1684, unless the California bank has been in existence for at least five years.
(2)
Purchase the whole business unit of a California
bank pursuant to paragraph (2) of subdivision (a) of Section 1684 unless the California bank has been in existence for at least five years.
(b)
For purposes of this section, a California bank that is established solely for the purpose of, and does not open for business prior to, acquiring the whole business unit of a second California bank through a merger or purchase is deemed to have been in existence for the same period of time as the second California bank.
Cal. Financial Code - FIN § 1686. Section 1686.
The minimum age requirement set forth in Section 1685 does not apply in any case in which the factor set forth in subdivision (a) and any of the factors set forth in subdivision (b) apply.
(a)
The foreign (other state) bank, by itself or in concurrent transactions with other depository corporations (as defined in Section 4805.06), acquires the whole business unit of the California bank or, if the California bank has been
closed or placed in conservatorship, all or substantially all of the insured deposits of the California bank.
(b)
(1)
If the California bank is a national bank, one of the following:
(A)
The bank is in default or in danger of default, as defined in Section 3(x) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1813(x)).
(B)
The purchase or merger is one with respect to which the Federal Deposit Insurance Corporation provides assistance under Section 13(c) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1823(c)).
(2)
If the California bank is a state bank, one of the following:
(A)
The commissioner has taken possession of the property and business of the bank
pursuant to Section 592.
(B)
The purchase or merger is one with respect to which the Federal Deposit Insurance Corporation provides assistance under Section 13(c) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1823(c)).
(C)
The commissioner finds that one or more of the factors listed in Section 592 exists and that imposing the minimum age requirement of Section 3825 is not in the public interest.
Cal. Financial Code - FIN § 1687. Section 1687.
(a)
In case a foreign (other state) state bank that maintains a California branch office is a commercial bank, in addition to other provisions of this division and Division 1 (commencing with Section 99) that are otherwise applicable to the bank, the following provisions of this division apply to the bank with respect to its business in this state as if the bank were a California state commercial bank:
(1)
Chapter 10 (commencing with Section 1320).
(2)
Chapter 12 (commencing with Section 1400).
(3)
Chapter 13 (commencing with Section 1450).
(4)
Sections 1487, 1488, 1514, 1520, and 1522.
(5)
Chapter 17 (commencing with Section 1620).
(b)
In case a foreign (other state) state bank that maintains a California branch office is an industrial bank, in addition to other provisions of this division and Division 1 (commencing with Section 99) that are otherwise applicable to the bank, the provisions cited in paragraphs (1) to (7), inclusive, of subdivision (a) and the provisions of Chapter 15 (commencing with Section 1530) apply to the industrial bank with respect to its business in
this state as if the bank were a California state industrial bank.
(c)
In case a foreign (other state) state bank that maintains a California branch office is authorized pursuant to the law of its domicile to transact trust business, in addition to other provisions of this division and Division 1 (commencing with Section 99) that are otherwise applicable to the bank, the following provisions of Chapter 16 (commencing with Section 1550) apply to the bank with respect to its business in this state as if the bank were a California state bank authorized to transact trust business:
(1)
Article 3 (commencing with Section 1570). For purposes of Article 3 (commencing with Section 1570), the bank’s principal place of business is deemed to be situated in the city in which its California branch office is located or, if it maintains California branch offices in two or more cities, in the city
with the largest population.
(2)
Article 4 (commencing with Section 1580), except Section 1580.
(3)
Article 5 (commencing with Section 1600), except Sections 1583, 1584, 1585, 1588, and 1590.
(d)
Subject to the provisions of subdivision (d), in case a foreign (other state) state bank that maintains a California branch office is authorized pursuant to the law of its domicile to transact trust business, the bank may engage in and conduct trust business in this state and may be appointed by any court to act in any fiduciary capacity in which a California state trust company is authorized to act.
(e)
No foreign (other state) state bank that maintains a California branch office may transact at the branch office any business that it is not authorized to
transact or is prohibited from transacting under the law of its domicile or that banks organized under the laws of this state are not authorized to transact or are prohibited from transacting.
(f)
Whenever any provision of this chapter or of any regulation or order issued under this chapter that is applicable to or with respect to a foreign (other state) state bank that maintains a California branch office is inconsistent with any provision of any other chapter of this division, the former provision applies, and the latter provision does not apply.
Cal. Financial Code - FIN § 1688. Section 1688.
Notwithstanding Section 1684, a foreign (other state) bank that does not maintain offices in California may merge with or purchase the whole business unit of a foreign (other state) bank that already maintains one or more offices in California in accordance with Section 1684 pursuant to federal law and the law of the domicile of the surviving or purchasing bank. The surviving or purchasing bank may retain the offices established in this state by the disappearing or selling bank.
Thereafter, the surviving or purchasing bank may establish and maintain additional offices as if it were the disappearing or selling bank.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026