Treasurer Ma is prepared to help meet the rebuilding needs of communities devastated by wildfires, including the Kincade and Tick fires. The Treasurer can direct more investment dollars into local community banks, credit unions, and other financial institutions to benefit areas around the state impacted by the fires. Depositing state funds in community banks can specifically aid in recovery lending. All eligible financial institutions that may be interested in receiving additional deposits to help in their local communities are encouraged to call the Treasurer’s Office Time Deposit Program at 916-653-3147.
In addition, the California Pollution Control Financing Authority whose board the Treasurer chairs, acted swiftly to increase the funding amount the California Capital Access Program makes available to lenders willing to approve loans for small businesses located in areas affected by the fires. For quick information contact CalCAP staff at 916- 654-5610 or calcap@treasurer.ca.gov.