Orrick, Herrington & Sutcliffe·FINANCIAL REGULATION

California DFPI seizes state-chartered bank, appoints FDIC as receiver

California's DFPI seized an Irvine-based state-chartered bank on September 25 over deteriorating financial condition and alleged violations, appointing a receiver — a signal on state-charter bank supervisory risk.

dfpi-bank-seizurestate-chartered-bankfdic-receivercalifornia-banking-regulationbank-receivershipfinancial-condition-enforcement
Read the original firm alert → Tuesday, October 6, 2026

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