Important Notice

The U.S. Department of Treasury Announced

That It Will Stop Producing Pennies in 2026

 

As a result of this decision, the Federal Reserve Bank announced that some Coin Distribution Centers have already ceased fulfilling and /or supplying pennies.  While some locations have not yet been impacted, we anticipate they will be impacted soon.  Banks and Merchants nationwide are already seeing the impact of this decision

 

Cali Bank, N.A. will continue to accept pennies for deposits, as long as the penny remains legal tender.  However, we may be unable to supply pennies for change orders moving forward.  We suggest that you evaluate your business needs, pricing and cash handling practices.

 

It is expected that businesses, banks, and service providers will soon begin rounding-up cash transactions to the nearest nickel, as penny supplies are depleted in communities and cities across the county.  Cali Bank, N.A.  may also need to adjust check cashed against your account by consumers that do not bank with Cali Bank, N.A.

 

Cali Bank, N.A. will continue to work with the Federal Reserve Bank to manage our inventory of pennies to make this transition as seamless as possible.

 

If you have any questions, please call us at (714) 338-8700