DFI Monthly Bulletin – September 2004

Sep 1, 2004

Volume 8, Number 3

Kenneth Sayre-Peterson Promoted to Assistant Chief Counsel

Senior Counsel Kenneth Sayre-Peterson was promoted to Assistant Chief Counsel on September 1, 2004.
Mr. Sayre-Peterson graduated from the McGeorge School of Law in 1983. He was in private practice and
worked for the Board of Equalization before joining the California State Banking Department, DFI’s
predecessor agency in 1988, serving most recently as Staff Counsel. Mr. Sayre-Peterson succeeds William G.
(Tom) Thompson, who passed away unexpectedly in May of this year.
Mr. Sayre-Peterson has been a presenter at numerous Conference of State Bank Supervisors events, including
the annual attorneys’ seminar and he regularly participates as a panelist at the California Credit Union League
Legal Seminar. He works out of the Sacramento Regional Office.
Daphne Porter and Norman Edwards Promoted
to Financial Institution Managers
Daphne Porter and Norman Edwards were promoted to Financial Institutions Managers effective September 1,
2004. Ms. Porter joined the Department in 1987 and Mr. Edwards joined in 1993. Both served most recently
as Financial Institutions Supervisors and work out of the Los Angeles Regional Office.
Ms. Porter fills the vacancy created by the promotion of John Ross to Deputy Commissioner and Mr. Edwards
fills the vacancy created by the retirement of Bill Tom. We look forward to their contributions and leadership in
their new positions.
2 Monthly Bulletin September 2004
Licensing Unit to Receive Branch, Place of
Business Applications Directly
Move should reduce turnaround time on most applications
Starting October 1, 2004 commercial and industrial banks are directed to send the Form 25 for new branch,
new place of business, branch office relocation and place of business relocation applications directly to the
licensing unit in the San Francisco Office instead of to the Financial Institution Managers in the Los Angeles,
Sacramento, San Diego or San Francisco Regional Offices. This new procedure will facilitate the processing of
the applications by the Financial Institution Managers and the licensing unit. Form 25 and instructions for its
preparation are available from the DFI Web site at:
http://www.dfi.ca.gov/forms/bank/bank.asp
New branch, new place of business, branch office relocation and place of business relocation applications
should be addressed to:
Patrick Carroll
Strategic Support Manager
Department of Financial Institutions
111 Pine Street, #1100
San Francisco, CA 94111-5613
Mr. Carroll can be reached at (415) 263-8559 or by email at pcarroll@dfi.ca.gov. Assisting Mr. Carroll in the
licensing unit are:
Vivian Chen
Associate Governmental Program Analyst
Tel: (415) 263-8556
vchen@dfi.ca.gov
Roxanna (Annie) Constantino
Staff Services Analyst
Tel: (415) 263-8552
rconstantino@dfi.ca.gov
Processing of other application types will be phased over to the licensing unit in the coming months and will be
announced in the Monthly Bulletin. DFI hopes to achieve significant organizational efficiencies through process
improvement and by organizing duties around employees’ core competencies.
3 Monthly Bulletin September 2004
Commercial Bank Activity
New Bank
California United Bank
15821 Ventura Boulevard, Suite 100, Encino, Los Angeles County
Correspondent: Grace Wickersham
Carpenter & Company
5 Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Approved: 9/23/04
Commonwealth Business Bank
5055 Wilshire Boulevard, Los Angeles, Los Angeles County
Correspondent: Grace Wickersham
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614-8527
(949) 261-8888
Approved: 9/13/04
First Choice Bank
17414 Carmenita Road, Cerritos, Los Angeles County
Correspondent: Gary Steven Findley, Esq.
1470 North Hundley Street
Anaheim, CA 92806
(714) 630-7910
Filed: 9/3/04
First Community Bank
438 First Street, Santa Rosa, Sonoma County
Correspondent: William P. Gallaher
220 Concourse Blvd
Santa Rosa, CA 95403
(707) 535-3200
Filed: 4/26/04
Approved: 9/17/04
4 Monthly Bulletin September 2004
New Bank (Continued)
First Vietnamese American Bank
8990 Westminster Boulevard, Westminster, Orange County
Correspondents:
S. Alan Rosen, Esq.
Horgan, Rosen, Beckham & Coren, LLP
23975 Park Sorrento, Suite 200,
Calabasas, CA 91302
(818) 591-2121
or:
Dr. Hieu T. Nguyen
14636 Via El Camino
Baldwin Park, CA 91706
(626) 337-9998
Approved: 9/23/04
Founders Community Bank
237 Higuera Street, San Luis Obispo, San Luis Obispo County
Correspondent: Grace Wickersham
Carpenter & Company
5 Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Filed: 8/26/04
Pacific Valley Bank
3 Rossi Circle, Suite A, Salinas, Monterey County
(831)422-5300
Web site: www.pacificvalleybank.com
Officers: C. Robert Wheeler, Jr., President and Chief Executive Officer
James A. Meyers, Senior Vice President and Chief Financial Officer
Ben A. Tinkey, Senior Vice President and Chief Lending Officer – Real Estate Lending
Henry R. Fierro, Senior Vice President and Chief Lending Officer – Commercial Lending
Capitalization: $12,375,000.00
Opened: 9/14/04
Point Loma Community Bank
1350 Rosecrans Street, San Diego, San Diego County
(619) 243-7900
Web site: www.pointlomabank.com
Officers: Scott R. Andrews, Interim President and Chief Executive Officer
Gary W. Houseman, Executive Vice President and Chief Credit Officer
Capitalization: $8,000,000.00
Opened: 8/2/04
5 Monthly Bulletin September 2004
New Bank (Continued)
Yolo Community Bank (Formerly known as New YCB Bank)
624 Court Street, Woodland, Yolo County
(530) 666-5800
Approved: 8/31/04
Opened: 8/31/04
(In connection with the acquisition of control of Yolo Community Bank by North Valley Bancorp)
Merger
Bank of Amador, Jackson, with and into American River Bank, Sacramento
Filed: 9/13/04
Bank of Madera County, Oakhurst, with and into Central Valley Community Bank, Clovis
Filed: 9/2/04
Northwest National Bank of Arlington, Arlington, Texas, with and into Wilshire State Bank, Los Angeles
Withdrawn: 9/27/04
Orange Savings Bank of Texas, SSB, Mauriceville, Texas, with and into Wilshire State Bank, Los Angeles
Filed: 9/1/04
Yolo Community Bank, Woodland, with and into New YCB Bank, Woodland
Approved: 8/31/04
Effected: 8/31/04
(In connection with the acquisition of control of Yolo Community Bank by North Valley Bancorp)
Acquisition of Control
Banco Bilbao Vizcaya Argentaria, S.A., BBVA International Investment Corporation, Grupo Financiero BBVA
Bancomer, S.A. de C.V., BBVA Bancomer, S.A., Institucion de Banca Multiple Grupo Financiero BBVA
Bancomer, and BBVA Bancomer Financial Holdings, Inc. to acquire control of Valley Bank (Name will be
changed to BBVA Bancomer Bank), Moreno Valley
Approved: 8/27/04
James Michael McGowan, to acquire control of Premier Valley Bank, Fresno
Filed: 9/10/04
Approved: 9/22/04
6 Monthly Bulletin September 2004
Industrial Bank Activity
New Bank
Independence Bank (Formerly Patriot Bank)
4533 B MacArthur Boulevard, Newport Beach, Orange County
949-266-6000
Officers: Charles Thomas, President and Chief Executive Officer
Marai Arakaki, Chief Financial Officer
James Ketchersid, Chief Credit Officer
Capitalization: $8,500,000.00
Opened: 9/22/04
Purchase of Partial Business Unit
Silvergate Bank, La Jolla, to assume specified deposit liabilities of Pan American Bank FSB, Burlingame.
Filed: 8/24/04
Premium Finance Company Activity
New Premium Finance Company
ClassicPlan Premium Financing, Inc.
13750 Pipeline Ave., Chino, San Bernardino County
(909) 591-4286
Officers: Peter A. Walski, President
Cornelius J. O’Shea, Vice President
Opened: 9/23/04
Cornerstone Group, Inc.
6046 Cornerstone Court West, Suite 202, San Diego, San Diego County
Correspondent: David E. Gebhardt
710 N. 2nd Street, Suite 300N
St. Louis, MO 63102
(800) 844-2678
Filed: 9/8/04
Approved: 9/15/04
7 Monthly Bulletin September 2004
New Premium Finance Company (Continued)
Coronado Premium Finance Company, Inc.
5480 Baltimore Drive, Suite 205, La Mesa, San Diego County
Correspondent: Daniel P. Duncan
5480 Baltimore Drive, Suite 205
La Mesa, CA 91942
(619) 977-4415
Filed: 9/22/04
Premier Financing Corp.
120 West Bonita Avenue, Suite 201-E, San Dimas, Los Angeles County
(909) 592-6745
President: Chungbai Jean Lee
Opened: 8/24/04
Acquisition of Control
Credit Suisse First Boston (USA), Inc., to acquire control of ING Finance Corp., Torrance
Filed: 8/17/04
Approved: 9/13/04
Credit Union Activity
Merger
Buena Park City Employees Federal Credit Union, Buena Park, with and into Orange County’s Credit Union,
Santa Ana
Effected: 8/30/04
Carlsbad City Employees Federal Credit Union, Carlsbad, into Cabrillo Credit Union, San Diego
Effected: 9/15/04
Richmond Standard Employees Credit Union, Richmond, with and into Chevron Texaco Federal Credit Union,
Oakland
Effected: 8/17/04
Sagrado Corazon Federal Credit Union, San Jose, into Valley Credit Union, San Jose
Approved: 2/27/04
Effected: 7/1/04
U.A.L.U. #159 Credit Union, Martinez, into IBEW Members + Credit Union, Martinez
Filed: 7/19/04
8 Monthly Bulletin September 2004
Change of Name
Church/Co-Op Credit Union to change its name to Capital City Credit Union
Withdrawn: 11/5/03
Long Beach Postal Credit Union to change its name to Southern California Postal Credit Union
Effected: 8/27/04
San Bernardino Credit Union to change its name to 1st Valley Credit Union
Filed: 8/17/04
Approved: 8/26/04
Field of Membership
15 credit unions received approvals to add 33 new fields of membership during August 2004.
Bylaw Amendment
Two credit unions received approvals for two bylaw amendments during August 2004.
Amendment of Articles of Incorporation
One credit union received an approval for one amendment of articles of incorporation during August 2004.
Variances
One credit union received an approval for a request for variance to sections of the California Code of
Regulations during August 2004.
Transmitter of Money Abroad Activity
New Transmitter
Cambridge Mercantile Corporation U.S.A.
Filed: 7/9/04
Withdrawn: 9/28/04
Acquisition of Control
RII Holding, Inc. to acquire control of Ruesch International, Inc.
Approved: 9/23/04
9 Monthly Bulletin September 2004
Final Order (Financial Code 1818)
U.S. Tour & Remittance, Inc., San Jose
Issued: 9/7/04
HOWARD GOULD
Commissioner of Financial Institutions
Bulletin for Month ended
September 2004, issued pursuant
to Financial Code, Section 258
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