Section 4901.5 Of Article 3. Merger Into Federal Depository Corporation, California Federally Licensed Foreign (other Nation) Bank, Or Insured Foreign (other State) State Depository Corporation From California Financial Code >> Division 1.6. >> Chapter 4. >> Article 3.

. (a) No provision of Division 1.1 (commencing with Section 1000), except the provisions of Chapter 19 (commencing with Section 1670) of Division 1.1, prohibits or restricts the merger of a California state bank or California industrial loan company.
  (b) No provision of Division 2 (commencing with Section 5000) prohibits or restricts the merger of a California state savings and loan association.