Yes.  The regulator is located in the state that issues the banking permit.   You will notice more out-of-state, state regulated banks in Arizona due to the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law on July 21, 2010.  For a list of out-of- state, state chartered banks doing business in Arizona and more information on banks, please refer to the Other Regulator Referral List.