Legal Question in Criminal Law in California

Yes, because these are federally insured institutions.

Yes. It is. The Federal Government insures these institutions.

Insurance has bupkes to do with this. It's a federal crime because 18 U.S.C. � 2113(a) provides:

Whoever, by force and violence, or by intimidation, takes, or attempts to take, from the person or presence of another, or obtains or attempts to obtain by extortion any property or money or any other thing of value belonging to, or in the care, custody, control, management, or possession of, any bank, credit union, or any savings and loan association;

** * Shall be fined under this title or imprisoned not more than twenty years, or both.

Yes, and you can be prosecuted for federal AND state crimes for the same act, and serve separate prison time under each system. If this is someone you know, get them an attorney. Feel free to have them contact me.