California banking

California banking involves a network of financial institutions like banks, credit unions, and savings associations that operate under both state and federal regulations. State-chartered banks in California are regulated by the California Department of Financial Protection and Innovation, while federal banks are overseen by the Office of the Comptroller of the Currency. These institutions provide services such as savings and checking accounts, loans, mortgages, and investment products. California's economy influences banking practices through high population, diverse industries, and regulatory requirements that aim to ensure financial stability, consumer protection, and support for economic growth within the state.