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California First National Bancorp, headquartered in California, is a registered financial holding company for California First National Bank and California First Leasing Corp. [3] The company currently operates with two primary businesses including an FDIC-insured national bank and a leading leasing company specializing in financing high-technology capital assets. [4]
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The Department of Financial Protection and Innovation has a long history, dating back to the formation of California's first banking department. It became the DFPI in 2020 with the passage of the California Consumer Financial Protection Law (CCFPL). [2] Formation of State Banking Department (1909) and State Corporations Department (1913)
The Bank of California was opened in San Francisco, California, on July 4, 1864, by William Chapman Ralston and Darius Ogden Mills. It was the first commercial bank in the Western United States , and considered instrumental in developing the American Old West .
Democratic lawmakers and Gov. Gavin Newsom are scrambling to lessen California's budget deficit, which Newsom estimated at $37.9 billion in January.
The bank traces its history to the Woolworth National Bank in San Francisco. Charles Crocker, who was one of The Big Four of the Central Pacific Railroad and who constructed America's first transcontinental railroad, acquired a controlling interest in Woolworth for his son William Henry Crocker.