# Cal. FIN § 1078: Section 1078

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1078

## Section

- **Citation:** Cal. FIN § 1078
- **Heading:** Section 1078
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code fin / Division 1.1 / Chapter 4 / Section 1078

## Text

(a) A bank may close or discontinue the operation of any branch office if, before the closing or discontinuance, (1) the bank files with the commissioner a notice containing the information in subdivision (b), and (2) the commissioner within 60 days after the filing of the notice or any longer period to which the bank consents, filing of the notice or any longer period to which the bank consents, either (A) issues a written statement not objecting to the notice, or (B) does not issue a written objection to the notice.

(b) (1) A notice filed under subdivision (a) shall contain all of the following information:

(A) The name of the California state bank.

(B) The location of the branch office proposed to be closed or discontinued.

(C) The location of the office to which the business of the branch office proposed to be closed or discontinued is proposed to be transferred.

(D) The proposed date of closing or discontinuance.

(E) A detailed statement of the reasons for the decision to close the branch office.

(F) Statistical or other information in support of the reasons consistent with the institution’s written policy for branch office closings.

(G) Any other information that the commissioner may require.

(2) A notice filed under subdivision (a) shall be in the form, shall be signed in the manner, and shall, if the commissioner requires, be verified in the manner that the commissioner may require.

(c) For purposes of subdivision (a), a notice is deemed to be filed with the commissioner at the time when the complete notice, including any amendments or supplements, containing all the information required by the commissioner, and otherwise complying with subdivision (b), is received by the commissioner.

(d) In determining whether or not to object to a notice filed under subdivision (a), except if the commissioner finds that it is necessary in the interests of safety and soundness that the branch office be closed or discontinued, the commissioner shall consider whether the closing or discontinuance of the branch office will have a seriously adverse effect on the public convenience or advantage.

## Nearby sections

- [Cal. FIN § 1070 Section 1070](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1070.md)
- [Cal. FIN § 1071 Section 1071](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1071.md)
- [Cal. FIN § 1072 Section 1072](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1072.md)
- [Cal. FIN § 1073 Section 1073](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1073.md)
- [Cal. FIN § 1074 Section 1074](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1074.md)
- [Cal. FIN § 1075 Section 1075](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1075.md)
- [Cal. FIN § 1076 Section 1076](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1076.md)
- [Cal. FIN § 1077 Section 1077](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1077.md)
- [Cal. FIN § 1078 Section 1078](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1078.md)
- [Cal. FIN § 1079 Section 1079](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1079.md)
- [Cal. FIN § 1080 Section 1080](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1080.md)
- [Cal. FIN § 1081 Section 1081](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1081.md)
- [Cal. FIN § 1082 Section 1082](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1082.md)
- [Cal. FIN § 1083 Section 1083](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1083.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Cfin_D1.1_C4_S1078. Check the current official text before relying on it. Not legal advice.