October 23, 1997 Re: Financial Code Section 3800 – Core Banking Business/Noncore Banking Business Dear Mr. __________: This responds to your letter of September 24, 1997. Your letter asked whether your client (“Bank”), a foreign (other state) bank,... Read MoreRead more about 97-22
Re: Financial Code Section 1208 Dear Mr. __________: This responds to your letter of September 16, 1997. Your letter requests that we construe Section 1208 of the Financial Code as not prohibiting a bank from engaging in the business of brokering loans on real... Read MoreRead more about 97-15
October 1, 1997 Re: Investment in Trust Preferred Securities by State-Chartered Banks Dear Mr. __________: This is in response to your letter of August 20, 1997, in which you asked whether commercial banks and savings banks chartered by the State of California may... Read MoreRead more about 97-16