The California Banking Department has completed the first stage of an effort to update state rules, deleting or amending about 70% of them.

Among the changes were the adoption of a one-page standard application to open, move, or close a branch. The standard was developed by a working group representing state regulators, the Federal Reserve Board, and the Federal Deposit Insurance Corp. The group is trying to create a harmonious system of state regulations similar to federal rules.

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