§ 1389 Bank Agency Office Exemption

• •An office acting as an agent for a California state bank is not treated as that bank's own office.
• •The rule applies when the office follows the rules in this article.
• •This distinction matters for licensing, regulation, and supervision.

A community bank hires a separate company to handle its loan services in another city.

Even though the separate company is doing bank work for the California state bank, the law says that location isn’t considered an official office of the state bank.