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California Department of Financial Protection and Innovation
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- 1California Regulators Seize Struggling Nano Banc●California Seizes Nano Banc, Ending Years-Long Struggles Culminating in Significant Financial Loss
California's Department of Financial Protection and Innovation has seized Nano Banc, closing the chapter on a bank that struggled for years and ultimately suffered significant financial losses. The state regulator stepped in to take control of the failed institution, marking an end to its prolonged troubles.