FINDING OF EMERGENCY AND DETERMINATION THAT BANKS MAY, AT THEIR DISCRETION, CLOSE CERTAIN OF THEIR PLACES OF BUSINESS AFFECTED BY THE EMERGENCY
Interim California Commissioner of Financial Institutions, Carol D. Chesbrough, hereby determines that an extraordinary situation (as defined in Financial Code Section 3601) exists in the counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura.
Accordingly, pursuant to Financial Code Section 3602, the Interim Commissioner of Financial Institutions authorizes banks located in those counties to close any or all of their offices. Any office or offices so closed shall remain closed until the Interim Commissioner proclaims that the extraordinary situation has ended or until such earlier time as the officers of the bank determine that one or more closed offices should reopen and, in either event, for such further time thereafter as may reasonably be required for the reopening of the office or offices.
Dated: October 22, 2007
CAROL D. CHESBROUGH
Chief Deputy Commissioner of Financial Institutions