California’s banking industry has taken some hard hits over the past several years with banks being closed and people lining up outside trying to get their money.
Now, more than ever, it is important to find a bank that is FDIC insured and that will be reliable for you. A reliable bank is important for the economy as well as your own financial well-being.
One way to research banks is to search online for a California Bank Reference Guide which will give you a perspective of the performance of a bank over the past few years.
You can also check with the Department of Financial Institutions (DFI). The DFI is responsible for overseeing operations of California’s state-chartered financial institutions. The DFI administers state laws and regulations for California banks in order to protect customers and enforce federal banking laws.
