§ 1384 Bank Agency Activities Approval

• •California state banks can team up with insured banks for certain tasks.
• •They need the banking boss's approval first.
• •The banking boss can also make rules for how this works.

A small California bank wants to let a bigger bank handle some of its customer services, like taking deposits or cashing checks.

The small bank can do this, but only if the banking boss (the commissioner) gives permission and sets the rules.