Bank On California Update
The Bank On California initiative was launched in December 2008 to help Californians open a bank account and avoid the high cost of alternative financial services and start saving for the future. California is lauded as the first state in the nation to launch the initiative seeking to draw the "unbanked" into the financial mainstream.
In the last year, the Bank On California has grown from 8 to 18 cities/counties with active Bank On programs and more communities are researching a Bank On for their region or are in the process of forming a Bank On. Bank On programs are now located in American Canyon, Central Coast (includes Monterey, Salinas, Santa Cruz, and San Benito County), Fresno, Los Angeles, Napa Valley, Oakland, Sacramento (includes Amador, El Dorado, Placer, Sacramento and Yolo), San Francisco, San Jose, Santa Ana/Orange, and Stanislaus.
The Department of Financial Institutions (DFI) has volunteered its leadership and guidance to help keep existing regional programs operating successfully and provide technical assistance to communities that are seeking to start a Bank On program in their region. The FDIC also has been an effective leader to Bank On California as part of their Community Affairs program.
A new Website recently replaced the previous and aging site that was no longer accessible. All Bank On California regional program information was updated and new resources were added to help existing programs and start-ups.
Bank On California is on Twitter @BankOnCA and Facebook. Follow us to receive news and other information related to Bank On California and other financial education efforts.
DFI hosted a Bank On California meeting in June with regional program coordinators. It was determined that updated information on financial institution partners was needed. Who are the Bank On California financial institution partners? How do they partner with Bank On California? In which cities/counties do they participate? etc. If you are a Bank On California bank or credit union partner, we encourage you to complete the survey below. If you are not a Bank On California financial institution, but you are interested in becoming a partner, please let us know by completing the brief survey.
Participation in this survey is voluntary and the Contact Information fields are optional. Your participation is greatly appreciated!Go to the Bank On California Survey now.