In case the Commissioner approves an application by an applicant which is a commercial bank with trust department for authority to establish a branch office, he generally will, when he issues the certificate of authority for such branch office and unless the applicant proposed in its application to engage only in trust business and not also in commercial banking business at the branch office, authorize the applicant to engage in both commercial banking business and trust business at the branch office.

Note: Authority cited: Section 215, Financial Code. Reference: Section 504, Financial Code.

History

1. Change without regulatory effect amending section and adding new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).