Volume 9, Number 4

Brian Yuen Appointed Acting Commissioner

On October 3, 2005 the Governor’s Office appointed Brian Yuen as Acting Commissioner for the
Department of Financial Institutions (DFI).
Brian Yuen was appointed as the State Chief Examiner on July 1, 2004. Mr. Yuen served as Deputy
Commissioner, Division of Examinations, Southern California Region since April 2001. He was the
Assistant Deputy Commissioner in the San Francisco Regional Office from 1991 to 2001. His prior
assignment was as a Financial Institution Supervisor in the San Francisco Regional Office. Mr. Yuen
joined the State Banking Department (now the Department of Financial Institutions) as a bank examiner
in 1974. He is a graduate of San Francisco State University and was awarded a Certificate of Banking
from the Pacific Coast Banking School at the University of Washington, Seattle.
Acting Commissioner Yuen can be contacted at the DFI San Francisco office at:
Department of Financial Institutions
111 Pine Street, Suite 1100
San Francisco, CA 94111-5613
Phone: 415-263-8500
Fax: 415-989-5310
Email: byuen@dfi.ca.gov
DFI and Regent Forex, Inc. enter into a Settlement
Agreement
On October 3, 2005, the Acting Commissioner of Financial Institutions entered into a settlement
agreement with Regent Forex, Inc. (“Regent”), in which Regent agreed to pay $10,000 to the
Department and the Commissioner agreed to take no further action with respect to alleged violations of
Financial Code Sections 1801 and 1807, related to untimely and incomplete reporting.
2 Monthly Bulletin October 2005
DFI and Continental Express Money Order
Company, Inc. enter into a Settlement Agreement
On October 18, 2005, the Acting Commissioner of Financial Institutions entered into a settlement
agreement with Continental Express Money Order Company, Inc. (“Continental”), in which Continental
agreed to pay $50,000 to the Department and the Acting Commissioner agreed to take no further action
with respect to alleged violations of Financial Code Section 33567 related to Continental’s failure to
maintain eligible securities in an amount adequate to secure its aggregate payment instruments issued.
Commercial Bank Activity
New Bank
American Riviera Bank
1033 Anacapa Street, City and County of Santa Barbara
Correspondent: Michael Salsbury
735 State Street, Suite 633
Santa Barbara, CA 93101
(805) 965-5942
Filed: 10/25/05
Atlantic Pacific Bank
3725 Westwind Boulevard, Santa Rosa, Sonoma County
Correspondent: Maryam Hamzeh
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Filed: 10/14/05
Coronado First Bank
801 Orange Avenue, Coronado, San Diego County
(619) 437-1000
(619) 437-1070 (fax)
Officers: Bruce A. Ives, President and CEO
Paul M. Cable, Executive Vice President/Chief Financial Officer
William R. “Bob” Ayres, Executive Vice President/Chief Credit Officer
Capitalization: $13,824,770
Opened: 10/3/05
3 Monthly Bulletin October 2005
New Bank (Continued)
First General Bank
1744 South Nogales Street, Rowland Heights, Los Angeles County
(626) 820-1099
(626) 820-1399 (fax)
Officers: Cliff J. Hsu, President and Chief Executive Officer
Jeanette Lin, Senior Vice President and Credit Administrator
Jim Shih, Senior Vice President and Chief Financial Officer
Capitalization: $16,500,000.00
Opened: 10/13/05
Golden Valley Bank
190 Cohasset Road, Chico, Butte County
Correspondent: Mark Francis
PO Box 6730
Chico, CA 95927
(530) 892-2440
Filed: 10/21/05
Premier Business Bank
700 South Flower Street, Suite 2050, City and County of Los Angeles
Correspondent: Grace Wickersham
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Filed: 10/3/05
Private Bank of California, The
10100 Santa Monica Boulevard, Suite 2500, Los Angeles, CA 90067
(310) 286-0710
(310) 826-6609 (Fax)
Officers: Steven D. Broidy, Chairman of the Board
Richard Smith, President
Charles Kenny, CEO
Initial Capitalization: $36,300,000.00
Opened: 10/24/05
River Valley Community Bank
1641 Colusa Highway, Yuba City, Sutter County
Correspondent: John I. Jelavich
1809 Lorraine Way
Yuba City, CA 95993
(530) 673-3163
Filed: 10/20/05
4 Monthly Bulletin October 2005
New Bank (Continued)
Stellar Business Bank
100 North Azusa Avenue, Covina, Los Angeles County
Correspondent: James Jones
Carpenter & Company
5 Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Filed: 10/31/05
Merger
Asian American Bank & Trust Company, Boston, to merge with and into United Commercial Bank, San
Francisco
Approved: 10/14/05
International Bank of California, Los Angeles, California, to merge with and into First Bank, Creve
Coeur, Missouri
Effected: 9/30/05
Pacific Liberty Bank, Huntington Beach, to merge with and into Pacific Western National Bank, Santa
Monica
Effected: 10/7/05
Conversion to State Charter
Delta National Bank to convert from a national bank to a state charter under the name of Delta
Community Bank
Filed: 10/6/05
Purchase of Whole Business Unit
First California Bank, Camarillo to purchase the whole business unit of South Coast Commercial Bank,
Irvine
Filed: 10/27/05
Acquisition of Control
First Bank, to acquire control of International Bank of California
Effected: 9/30/05
Marianne Boyd Johnson, to acquire control of Torrey Pines Bank
Approved: 8/11/05
Effected: 10/12/05
MetroCorp Bancshares, Inc., to acquire control of First United Bank
Approved: 9/27/05
5 Monthly Bulletin October 2005
Premium Finance Company Activity
New Premium Finance Company
AGIA Premium Finance Company, Inc.
6046 Cornerstone Court West, Suite 202, City and County of San Diego
Approved: 10/4/05
Life Credit Corporation
437 South Highway 101, Solana Beach, San Diego County
Opened: 10/25/05
Isthmus Capital Inc.
18400 Von Karman Avenue, Suite 800, Irvine, Orange County
Filed: 9/26/05
MW Premium Finance Corp.
5480 Baltimore Drive, La Mesa, San Diego County
Opened: 10/25/05
Pericles Financial Corporation
6046 Cornerstone Court West, Suite 202, City and County of San Diego
Approved: 10/4/05
Foreign (Other State) Bank Activity
New Facility
Nationwide Fiduciary Services (Facility – Uninsured Bank)
2740 Fulton Court, City and County of Sacramento
Approved: 10/3/05
Toyota Financial Savings Bank (Facility – Uninsured Bank)
19001 South Western Avenue, Torrance, Los Angeles County
Notified: 10/11/05
Credit Union Activity
Field of Membership
Seven credit unions received approvals to add 34 new fields of membership during September 2005.
Bylaw Amendment
Two credit unions received approval for two bylaw amendments during September 2005.
6 Monthly Bulletin October 2005
Change of Name
Food Processors Credit Union to change its name to Community Trust Credit Union
Effected: 4/27/05
Transmitter of Money Abroad Activity
New Transmitter
Intermex Wire Transfers, Inc.
Approved: 10/14/05
Xoom Corporation
Opened: 10/20/05
Acquisition of Control
First Data Corporation to acquire control of Vigo Remittance Corp.
Effected: 10/21/05
Rommel R. Medina, Ruell R. Medina and Remil R. Medina, to acquire control of Lucky Money, Inc.
Approved: 9/26/05
BRIAN YUEN
Acting Commissioner of Financial Institutions
Bulletin for Month ended
October 2005, issued pursuant
to Financial Code section 258
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