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Citizens Bancorp
Citizens Bank of Northern California, locally known as Citizens Bank, was a community bank headquartered in Nevada City, California. The bank served Nevada and Placer counties with seven full-service branches located in: Nevada City, Grass Valley, Penn Valley, Lake of the Pines, Truckee, and Auburn. It offered consumer loans and other traditional banking products and services, designed to meet the needs of small and middle market businesses and individuals. The bank was a wholly owned subsidiary of Citizens Bancorp and is insured by the Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cred .... The bank ceased operations on September 23, 2011 as ordered by the Federal Deposit Insurance Corporation. Customer accounts were transferred to Tri Count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Placer County, California
Placer County ( ; Spanish for "sand deposit"), officially the County of Placer, is a county in the U.S. state of California. As of the 2020 census, the population was 404,739. The county seat is Auburn. Placer County is included in the Greater Sacramento metropolitan area. It is in both the Sacramento Valley and Sierra Nevada regions, in what is known as the Gold Country. The county stretches roughly 65 miles (105 km) from Sacramento's suburbs at Roseville to the Nevada border and the shore of Lake Tahoe. Etymology The discovery of gold in 1848 brought tens of thousands of miners from around the world during the California Gold Rush. In addition, many more thousands came to provide goods and services to the miners. On April 25, 1851, the fast-growing county was formed from parts of Sutter and Yuba Counties with Auburn as the county seat. Placer County took its name from the Spanish word for sand or gravel deposits containing gold. Miners washed away the gravel, leaving ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Based In California
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tri Counties Bank
Tri Counties Bank is a financial institution headquartered in Chico, California. It is a subsidiary of holding company TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California. The first branch opened in 1975 to serve the Butte, Glenn, and Tehama counties, from which the bank received its name. As of 2021, the bank has over 75 branches in California, over 37,000 ATMs nationwide, and total assets of approximately $8 billion. History At its inception in 1974, a group of farmers and small business owners within the Chico area came together to form their own bank and assist local growers. The company began operations with Robert H. Steveson as the first president and CEO. TriCo Bancshares was incorporated in 1981. It was formed as a holding company, with Tri Counties Bank as its sole subsidiary. Later that year, Tri Counties Bank merged ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this was increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auburn, California
Auburn is a city in and the county seat of Placer County, California, United States. Its population was 13,776 during the 2020 census. Auburn is known for its California Gold Rush history and is registered as a California Historical Landmark. Auburn is part of the Sacramento metropolitan area. History Archaeological finds place the southwestern border for the prehistoric Martis people in the Auburn area. The indigenous Nisenan, an offshoot of the Maidu, were the first to establish a permanent settlement in the Auburn area. In the spring of 1848, a group of French gold miners arrived and camped in what would later be known as the Auburn Ravine. This group was on its way to the gold fields in Coloma, California, and it included Francois Gendron, Philibert Courteau, and Claude Chana. The young Chana discovered gold on May 16, 1848. After finding the gold deposits in the soil, the trio decided to stay for more prospecting and mining. Placer mining in the Auburn area was very goo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Truckee, California
Truckee is an incorporated town in Nevada County, California, United States. As of the 2010 United States Census, the population was 16,180, reflecting an increase of 2,316 from the 13,864 counted in the 2000 Census and having the 316th highest population in California and 2114th in the United States. Name Truckee's existence began in 1863 as Gray's Station, named for Joseph Gray's Roadhouse on the trans-Sierra wagon road. A blacksmith named Samuel S. Coburn was there almost from the beginning, and by 1866 the area was known as Coburn's Station. The Central Pacific Railroad selected Truckee as the name of its railroad station by August 1867, even though the tracks would not reach the station until a year later in 1868. It was renamed Truckee after a Paiute chief, whose assumed Paiute name was Tru-ki-zo. He was the father of Chief Winnemucca and grandfather of Sarah Winnemucca. The first Europeans who came to cross the Sierra Nevada encountered his tribe. The friendly chief ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lake Of The Pines, California
Lake of the Pines is a census-designated place (CDP) and a gated residential community in Nevada County, California, United States. The population was 3,917 at the 2010 census. History Lake of the Pines was laid out by property developers in the 1960s. Geography Lake of the Pines is located in the foothills of the Sierra Nevada mountain range in California, at . According to the United States Census Bureau, the CDP has a total area of , of which, of it is land and of it (19.00%) is water. Lake of the Pines is commonly associated with a gated residential community which surrounds a reservoir, also named Lake of the Pines. The reservoir was created by damming Magnolia Creek, in the Bear River watershed, and it has a maximum elevation of 459 m (1507 ft). The gated community contains a golf course looping around the reservoir. The community is normally accessed only through the main entrance from Magnolia Road, just northeast of Combie Road. The boundaries of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penn Valley, California
Penn Valley is a census-designated place (CDP) in Nevada County, California. The population was 1,621 at the 2010 census, up from 1,387 at the 2000 census. The large Lake Wildwood master-planned community, although a separate CDP, has a Penn Valley postal address, and is sometimes considered part of the general Penn Valley community. History The community may be named for Madame Penn, the original owner of the town site. Geography Penn Valley is located at (39.198214, -121.188965). According to the United States Census Bureau, the CDP has a total area of , all of it land. Demographics 2010 The 2010 United States Census reported that Penn Valley had a population of 1,621. The population density was . The racial makeup of Penn Valley was 1,434 (88.5%) White, 9 (0.6%) African American, 34 (2.1%) Native American, 23 (1.4%) Asian, 0 (0.0%) Pacific Islander, 31 (1.9%) from other races, and 90 (5.6%) from two or more races. Hispanic or Latino of any race were 143 persons (8.8%) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grass Valley, California
Grass Valley is a city in Nevada County, California, United States. Situated at roughly in elevation in the western foothills of the Sierra Nevada mountain range, this northern Gold Country city is by car from Sacramento, from Sacramento International Airport, west of Reno, and northeast of San Francisco. As of the 2010 United States Census, its population was 12,860. History Grass Valley, which was originally known as Boston Ravine and later named Centerville, dates from the California Gold Rush, as does nearby Nevada City. Gold was discovered at Gold Hill in October 1850 and population grew around the mine. When a post office was established in 1851, it was renamed Grass Valley the next year for unknown reasons. The town incorporated in 1860. The essential history of Grass Valley mining belongs to the North Star, Empire and Idaho-Maryland mines, for continuous production over a span of years. From 1868 until 1900, the Idaho-Maryland mine was the most productive in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Branch
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers. History and description During the 3rd century banks in Persia (now Iran) and in other territories started to issue letters of credit known as Sakks, basically checks in today’s language, that could be traded in cooperative houses or offices throughout the Persian territories. In the period from 1100-1300 banking started to expand across Europe and banks began opening ‘branches’ in remote, foreign locations to support international trade. In 1327, Avignon in France had 43 branches of Italian banking houses alone. The practice of opening satellite branches was popularized in the early 20th century by Amadeo Giannini, then head of the Bank of America. Historically, branches were housed in imposing buildings, often in a neoclassical style of arc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nevada County, California
Nevada County () is a county located in the U.S. state of California, in the Sierra Nevada. As of the 2020 census, the population was 102,241. The county seat is Nevada City. Nevada County comprises the Truckee-Grass Valley, CA Micropolitan Statistical Area, which is also included in the Sacramento- Roseville, CA Combined Statistical Area, part of the Mother Lode Country. History Created in 1851, from portions of Yuba County, Nevada County was named after the mining town of Nevada City, a name derived from the Sierra Nevada Mountains. The word ''nevada'' is Spanish for "snowy" or "snow-covered." Charles Marsh was one of the first settlers in what became Nevada City and perhaps the one who named the town. He went on to build extensive water flumes/ditches/canals in the area, and was influential in the building of the first transcontinental railroad as well as the Nevada County Narrow Gauge Railroad. Nevada City was the first to use the word "Nevada" in its name. In 18 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
