Section 1688 Of Article 2. California Branch Offices From California Financial Code >> Division 1.1. >> Chapter 19. >> Article 2.
1688
. Notwithstanding Section 1684, a foreign (other state) bank
that does not maintain offices in California may merge with or
purchase the whole business unit of a foreign (other state) bank that
already maintains one or more offices in California in accordance
with Section 1684 pursuant to federal law and the law of the domicile
of the surviving or purchasing bank. The surviving or purchasing
bank may retain the offices established in this state by the
disappearing or selling bank. Thereafter, the surviving or purchasing
bank may establish and maintain additional offices as if it were the
disappearing or selling bank.