http://www.dfi.ca.gov/press/default.html Recent Press Releases from the California Department of Financial Institutions en-us Copyright 2013, California Department of Financial Institions http://www.dfi.ca.gov/Press/press_releases/2013/pr1302.html This year’s theme – “Empowering Californians To Make Well-Informed Financial Decisions” -- highlights the importance of making educated and affordable financial decisions to achieve financial goals. Tuesday, 02 Mar 2013 10:00:00 PST http://www.dfi.ca.gov/Press/press_releases/2013/pr1301.html California State Senate Confirms Teveia R. Barnes as Commissioner of Department of Financial Institutions. Thursday, 14 Mar 2013 8:34:00 PST http://www.dfi.ca.gov/Notices/2013/030413.html The California Department of Financial Institutions (DFI) encourages financial institutions to participate in National Consumer Protection Week (NCPW) outreach and help Californians to take full advantage of free financial education resources and make better-informed decisions in the marketplace as part of National Consumer Protection Week, March 3-9, 2013. Mon, 04 Feb 2013 10:34:00 PST http://www.dfi.ca.gov/Notices/2013/022213.html The Department of Financial Institutions (DFI) will partner with other government agencies, financial institutions, and financial education organizations during America Saves Week, February 25 - March 2, 2013. Fri, 22 Feb 2013 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2012/pr1204.html (SAN FRANCISCO, CA) – The California Department of Financial Institutions (DFI) today announced that Telesis Community Credit Union (Telesis) has been placed into liquidation. Fri, 01 Jun 2012 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2012/MEDIA_ADVISORY_0424.html Media Advisory The Financial Literacy Month and Teach Children to Save Day Information and Resource Fair will highlight the 12th annual California Financial Literacy Month as well as Teach Children to Save Day by bringing together state and federal agencies and financial literacy organizations. Thurs, 19 Apr 2012 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2012/pr1203.html (SAN FRANCISCO, 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 to educate consumers during the 12th Annual California Financial Literacy Month in April. Mon, 02 Apr 2012 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2012/pr1202.html (SAN FRANCISCO, CA) – The California Department of Financial Institutions (DFI) today announced that Telesis Community Credit Union has been placed into conservatorship. Fri, 23 Mar 2012 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2012/pr1201.html (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 Week, March 4-10, 2012. Fri, 02 Mar 2012 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2011/pr1107.html (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. Fri, 23 Sept 2011 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2011/pr1106.html (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 insured, state-chartered credit union based in Sacramento. Fri, 12 Aug 2011 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2011/pr1105.html 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 on June 30, 2011. Wed, 22 Jun 2011 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2011/pr1104.html 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 maintains the highest standards and practices in state banking supervision. Wed, 06 Apr 2011 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2011/pr1103.html 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 11th Annual California Financial Literacy Month in April. This coordinated consumer education campaign encourages individuals throughout the state to take full advantage of resources designed to improve financial literacy. Mon, 04 Apr 2011 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2011/pr1102.html The California Department of Financial Institutions (DFI) today announced the closure of Charter Oak Bank due to inadequate capital and lack of earnings. Fri, 18 Feb 2011 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2011/pr1101.html 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 insured, state-chartered credit union based in Oakland. Fri, 04 Feb 2011 18:00:00 PST http://www.dfi.ca.gov/press/press_releases/2010/pr1013.html 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. November 5, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1012.html The California Department of Financial Institutions (DFI) today announced the closure of Western Commercial Bank due to inadequate capital and weakened financial condition. November 5, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1011.html California Department of Financial Institutions Urges Licensees to Assist Customers Affected by San Bruno Emergency September 10, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1010.html 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. August 20, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1009.html 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. August 20, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1008.html 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. August 20, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1007.html The Department of Financial Institutions (DFI) today announced that Arrowhead Central Credit Union was placed into conservatorship by the National Credit Union Administration (NCUA). June 25, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1006.html 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. May 7, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1005.html The California Department of Financial Institutions (DFI) today announced the closure of Tamalpais Bank, due to the bank's inadequate capital and weakened condition. April 16, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1004.html The California Department of Financial Institutions (DFI) today announced the closure of Innovative Bank, due to the bank's inadequate capital and weakened condition. April 16, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1003.html 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. January 29, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1002.html 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. January 22, 2010 http://www.dfi.ca.gov/press/press_releases/2010/pr1001.html 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-chartered credit union based in Bakersfield. January 8, 2010 http://www.dfi.ca.gov/press/press_releases/2009/pr0916.html The California Department of Financial Institutions (DFI) announced today that regulators have closed Imperial Capital Bank citing inadequate capital and other material weaknesses. December 18, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0915.html The California Department of Financial Institutions (DFI) announced today that regulators have closed United Commercial Bank citing inadequate capital and other material weaknesses. November 6, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0914.html The California Department of Financial Institutions (DFI) today announced that Second Baptist Church Credit Union (Second Baptist) was closed and ordered to be liquidated...... October 28, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0913.html The California Department of Financial Institutions (DFI) announced today that regulators have closed San Joaquin Bank, citing inadequate capital and inadequate liquidity...... October 16, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0912.html 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..... August 28, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0911.html California Department of Financial Institutions Allows State Banks Affected by Fires 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..... August 28, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0910.html 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..... August 28, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0909.html 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..... July 17, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0908.html 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.... July 6, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0907.html 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.... June 26, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0906.html 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..... June 26, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0905.html 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. April 24, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0904.html 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 receiver of County Bank. February 6, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0903.html SState 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) as receiver of Alliance Bank. February 6, 2009 http://www.dfi.ca.gov/press/press_releases/2009/pr0902.html 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 contributed capital of $25 million. January 30, 2009 http://www.dfi.ca.gov/press/press_releases/2009/PR0901.html State Closes 1st Centennial Bank (San Francisco, CA) – California Department of Financial Institutions (DFI) announced today that regulators have closed 1st Centennial Bank, citing inadequate capital. Immediately following the closure, the DFI named the Federal Deposit Insurance Corporation (FDIC) as receiver of 1st Centennial Bank. January 23, 2009