Volume 7, Number 8

Governor Appoints Howard Gould as Commissioner of Financial Institutions

Governor Schwarzenegger appointed Howard Gould as Commissioner of Financial Institutions on Friday,
February 6, 2004. Gould will take office effective Tuesday March 2, 2004.
After leaving the banking industry in 2003, Gould served as executive director of the PepsiCo-Frito Lay
Leadership Center and as a faculty member at California State University, Los Angeles. He was the vice
chairman of Bank of the West from 2002 to 2003 where he assisted in managing the integration of the
former United California Bank into Bank of the West and managed multiple business lines. From 1992 to
2002 Gould served as vice chairman, chief operating officer and board member for United California
Bank and Sanwa Bank California and was the West Coast managing partner of the Secura Group from
1989 to 1992.
Gould served in Governor George Deukmejian’s administration as Superintendent of Banks and as deputy
secretary of the Business, Transportation and Housing Agency. Prior to joining the Deukmejian
administration, he served as chief consultant to the California Assembly Republican Caucus. Gould was a
board member of the California Community Reinvestment Board and the Los Angeles Public Library
Foundation.
DFI Seeks Licensees’ Press Releases and
Community Interest Stories
If your state-chartered financial institution sends out press releases, please consider adding the
Department of Financial Institutions (DFI) to your distribution list. We particularly enjoy hearing about
what your institution is doing in the community. For example, if you announced that your financial
institution is providing services to victims of recent fires or earthquakes, or you are raising funds to
promote financial literacy, or you have a new brochure for Spanish speaking consumers— we’d like to
know.
2 Monthly Bulletin February 2004
The DFI Public Information and Outreach staff will use your press releases to develop feature stories for
the DFI Web site and other materials that highlight the activities of state-chartered financial institutions.
Please send press releases and community interest stories to Alana Golden-Nabong at the Sacramento
office, 1810— 13th Street, Sacramento, CA 95814, Fax: (916) 445-7643. Contact Ms. Golden-Nabong
at (916) 323-7012 or by e-mail at agolden@dfi.ca.gov for more information.
Commercial Bank Activity
New Bank
Santa Cruz County Bank
325 Soquel Avenue, Santa Cruz, Santa Cruz County
(831) 457-5000
Web site: www.santacruzcountybank.com
Officers: John Rossell, President and Chief Executive Officer
David Heald, Chief Credit Officer
Donald Soman, Chief Financial Officer
Capitalization: $13,2000,000.00
Opened: 2/3/04
Conversion
Mid-Peninsula Bank, Palo Alto, to convert from a state-chartered bank to a national bank under the name
Greater Bay Bank, N.A.
Effected: 2/1/04
Merger
The following banks, with and into Greater Bay Bank, N.A., Palo Alto
Bank of Petaluma, Petaluma
Bank of Santa Clara, Santa Clara
Bay Area Bank, Redwood City
Bay Bank of Commerce, San Leandro
Coast Commercial Bank, Santa Cruz
Golden Gate Bank, San Francisco
Peninsula Bank of Commerce, Millbrae
Effected: 2/1/04
Taft National Bank, Taft, with and into United Security Bank, Fresno
Approved: 1/30/04
3 Monthly Bulletin February 2004
Purchase of Partial Business Unit
BNY Western Trust Company, Los Angeles, to acquire the corporate trust business of Bank of Hawaii,
Honolulu, Hawaii
Effected: 2/9/04
Center Bank, Los Angeles, to acquire the Chicago Branch of Korea Exchange Bank, Chicago
Filed: 2/17/04
Application for Trust Powers
County Bank
550 West Main Street, Merced, Merced County
Filed: 2/24/04
Premium Finance Company Activity
New Premium Finance Company
Craftsman Financial Services, Inc.
9840 Business Park Drive, Sacramento, Sacramento County
Filed: 2/20/04
Express Premium Finance Corporation
23441 South Point Drive, Suite 220, Laguna Hills, Orange County
Filed: 2/20/04
First Solution Financial Services, Inc.
955 Grand Street, Carlsbad, San Diego County
Filed: 2/25/04
ING Finance Corp.
2780 Skypark Drive, Suite 300, Torrance, Los Angeles County
Opened: 2/3/04
Professional Premium Finance Corporation
2501 E. Chapman Ave., Suite 100, Fullerton, Orange County
Opened: 2/23/04
Standard Funding of California, Inc.
135 San Leandro Way, San Francisco, San Francisco County
Opened: 2/17/04
4 Monthly Bulletin February 2004
Change of Name
IBEX Financial Services, Inc. to AFS/IBEX Financial Services, Inc. of California
Notified: 2/20/04
Effected: 1/8/04
Foreign (Other Nation) Bank Activity
Discontinuance of Office
Chekiang First Bank, Limited
360 Pine Street, San Francisco, San Francisco County (Depositary Agency)
Filed: 1/28/04
Approved: 1/29/04
Credit Union Activity
Merger
California Federation of Teachers Credit Union, Burbank, into Matadors Community Credit Union,
Northridge
Filed: 1/21/04
Approved: 2/10/04
Dominguez Water Employees Credit Union, Torrance, into South Bay Credit Union, Redondo Beach
Approved: 5/30/03
Effected: 2/6/04
5 Monthly Bulletin February 2004
Transmitter of Money Abroad Activity
New Transmitter
HSBC Internet Payment Services (USA) Inc.
Filed: 2/9/04
Samso’s Express Money Transfer, Inc.
Approved: 2/9/04
DONALD R. MEYER
Commissioner of Financial Institutions
Bulletin for Month ended
February 2004, issued pursuant
to Financial Code, Section 258
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