§ 57600 For purposes of this division:(a) “Local financial institution” …
§ 57601 (a) If a public bank is organized as a nonprofit mutual benefit …
§ 57602 (a) A public bank shall obtain and maintain deposit insurance …
§ 57603 (a) Before engaging in business, a public bank shall obtain a …
§ 57604 (a) As used in this section:(1) “Conducted in partnership …
§ 57605 For the purposes of Section 1280 of the Financial Code, any person or …
§ 57606 (a) Before submitting an application to organize and establish a …
§ 57607 (a) The Commissioner of Financial Protection and Innovation …
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Terms Used In California Codes > Government Code > Title 5 > Division 5 - Public Banks

  • Depository: means a state or national bank, savings association or federal association, a state or federal credit union, or a federally insured industrial loan company, in this state in which the moneys of a local agency are deposited. See California Government Code 53630
  • Federally insured industrial loan company: means an industrial loan company licensed under Division 7 (commencing with Section 18000) of the Financial Code, the investment certificates of which are insured by the Federal Deposit Insurance Corporation. See California Government Code 53630
  • Local agency: means county, city, city and county, including a chartered city or county, a community college district, or other public agency or corporation in this state. See California Government Code 53630
  • Savings association or federal association: means a savings association, savings and loan association, or savings bank as defined by §. See California Government Code 53630
  • Treasurer: means treasurer of the local agency. See California Government Code 53630