Accordingly, I will address both tests. The inquiry into California law begins, and in this case ends, with the California Financial Code. It is agreed that the debtor is in the trust business. Being in the trust business, the debtor is subject to division 1 of the California Financial Code relating to banks. Code 102 .
Trust companies are one class of bank.
Code 103 . The banks that the Superintendent of Banks has the power to take possession of and liquidate includes trust companies. Code 3100 . Thus, I consider whether First Independent Trust Company is a bank in the generic sense. In re Cash Currency Exch.