Utilize the input text as a context reference, choose the right relationship between 'Commissioner' and 'California' from the options.
Options: product/material produced, parent organization, stock exchange, location of formation

On July 22, the FDIC, along with the Commissioner of the California Department of Business Oversight (“DBO”), announced the assessment of a $140 million civil money penalty against a California state-chartered bank to resolve allegations that it failed to implement and maintain an adequate BSA/AML Compliance Program over an extended period of time.
location of formation