Volume 9, Number 12

Michael A. Kelley Appointed DFI Acting Commissioner

Effective June 1, 2006, Michael A. Kelley has been appointed DFI Acting Commissioner by state
Business, Transportation and Housing Agency Secretary Sunne Wright McPeak on behalf of Governor
Arnold Schwarzenegger. Mr. Kelley was selected to review and implement appropriate internal
controls, administrative processes and operating procedures within the department.
Brian Yuen has been reassigned to his previous position as DFI Chief Examiner where he’ll be best
positioned to apply experiences he gained during his 27-year commitment to the department.
Prior to his current appointment, Mr. Kelley served as Chief Financial and Administrative Officer for
the Business, Transportation and Housing Agency, which oversees activities of 13 departments
consisting of more than 42,000 employees, and a budget exceeding $11 billion.
Mr. Kelley previously received appointments by two Governors to serve as a top executive manager of a
statewide agency. He has accumulated 33 years of State service. His primary responsibilities during the
past 20 years have been to manage the fiscal and business affairs of major state agencies within state
government. Those responsibilities included advising Agency officials on how to improve
organizational procedures to promote efficiency and save costs.
Michael A. Kelley has earned a Master’s Degree in Public Administration and a Bachelor of Arts
Degree in Economics, both from California State University, Sacramento.
Acting Commissioner Kelley’s office is located in the DFI Sacramento regional office.

Contact Information:
1810 13th Street, Sacramento, CA 95814
Tel: (916) 322-5967
Fax: (916) 445-7643
2 Monthly Bulletin June 2006
2006-07 Assessment Due
Remit Fees to DFI by EFT Payment
Assessment invoices were mailed to the following licensees on June 30, 2006. This is the second year
that licensees may remit payments by electronic funds transfer (EFT). This enables DFI and its
licensees to reduce or eliminate costly and time-consuming manual processes. Please refer to the cover
letter and assessment invoice for more information about this payment option or contact Eli Karam at
(415) 263-8525 or by e-mail at ekaram@dfi.ca.gov.
Banks, Foreign Banks and Trust Companies
For the purposes of this assessment, the base rate is being set at $1.36, the same rate as the 2005-06
assessment. Invoices were mailed to each licensee on June 30, 2006 and become delinquent if not paid
by July 20, 2006. The statutory maximum rate is $2.20 per thousand dollars of total assets.
Industrial Banks
The assessment rate for industrial banks this year at $0.80231 per thousand dollars of total assets has
remained unchanged since 2003. The statutory maximum rate is $2.20 per thousand dollars of total
assets. Invoices were mailed to each licensee on June 30, 2006 and become delinquent if not paid by
July 20, 2006. Insurance premium finance companies will be assessed on November 30, 2006.
Credit Unions
The 2006-06 assessment rate was reduced to $0.447282343, down from last year’s rate of $0.547282343
per thousand dollars of total assets. Invoices were mailed to each licensee on June 30, 2006 and become
delinquent if not paid by July 20, 2006. The statutory maximum rate is $2.20 per thousand dollars of
total assets.
Executive Officer and Director Compensation
Survey
Forms for the 29th Annual Executive Officer and Director Compensation Survey as of June 30, 2006 are
in the process of being mailed to the CEOs of all state-chartered banks, industrial banks and national
banks headquartered in California as of that date. Recipients are asked to respond by August 1, 2006 so
the results can be compiled into a summary report that will be mailed to participating banks in the fall.
If you do not receive your forms, please contact Patrick Carroll at (415) 263-8559 or by e-mail at
pcarroll@dfi.ca.gov.
The survey results for the 28th Annual Executive Officer and Director Compensation Survey as of June
30, 2005 as well as the forms for the 2006 survey that were recently mailed are now available at
http://www.dfi.ca.gov/execsum/default.asp.
3 Monthly Bulletin June 2006
Commercial Bank Activity
New Bank
Access Business Bank
Vicinity of 184 Technology Drive, Irvine, Orange County
Correspondent: Judi Stevens Mora
J. Mora & Associates
10218 East Arrowvale Drive
Sun Lakes, AZ 85248
(800) 825-5606
Filed: 6/2/06
Americas United Bank
801 North Brand Boulevard, Glendale, Los Angeles County
Correspondent: Richard Arnold
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Approved: 6/15/06
California Bank of Commerce
3595 Mount Diablo Boulevard, Lafayette, Contra Costa County
Correspondent: Maryam Hamzeh
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Filed: 6/13/06
Commerce Bank of Folsom
1710 Prairie City Road, Folsom, Sacramento County
Correspondent: James H. Avery
James H. Avery Company
P.O. Box 3009
San Luis Obispo, CA 93403
(805) 544-5477
Filed: 6/13/06
River Valley Community Bank
800 Plumas Street, Yuba City, Sutter County
(530) 755-0418
Officers: John I. Jelavich, President and Chief Executive Officer
Karen S. Hart, Chief Financial Officer
Douglas R. Marr, Chief Credit Officer
Capitalization: $13,722,980.00
Website: http://www.rivervalleycommunitybank.com
Opened: 6/26/06
4 Monthly Bulletin June 2006
New Bank (Continued)
Sutter Community Bank
700 Plumas Street, Yuba City, Sutter County
(530) 674-8900
Officers: J. Steven Voelker, President and Chief Executive Officer
Lee-Ann Cimino, Chief Financial Officer
Kevin J. Ardolf, Chief Credit Officer
Capitalization: $9,516,780.00
Website: http://www.suttercommunitybank.com
Opened: 6/19/06
Merger
Auburn Community Bank, Auburn, Central California Bank, Sonora, and Lake Community Bank,
Lakeport, to merge with and into Umpqua Bank, Roseburg, Oregon
Effected: 6/3/06
Southwest Community Bank, Encinitas, to merge with and into Placer Sierra Bank, Auburn
Effected: 6/9/06
Conversion to State Charter
Orange County Business Bank, N.A., Newport Beach to convert from national charter under the name of
Orange County Business Bank
Approved: 6/7/06
Pacific Premier Bank, Costa Mesa, to convert from a federal savings bank charter under the same name
Filed: 6/12/06
Acquisition of Control
First Bank, to acquire control of San Diego Community Bank
Filed: 6/12/06
First Mountain Bancorp, to acquire control of First Mountain Bank
Filed: 5/26/06
Approved: 6/9/06
San Joaquin Bancorp to acquire control of San Joaquin Bank
Filed: 5/1/06
Approved: 5/25/06
Purchase of Partial Business Unit
Metro United Bank, San Diego, to acquire the Irvine Branch of Omni Bank, N.A., Alhambra
Received: 6/19/06
5 Monthly Bulletin June 2006
Change of Name
One America Bank (In Organization) to change its name to Promerica Bank (In Organization)
Effected: 5/30/06
Premium Finance Company Activity
New Premium Finance Company
Insurance Installment Services, Inc.
2501 E. Chapman Avenue, Fullerton, Orange County
Opened: 6/23/06
MDJ Financial, Inc.
6046 Cornerstone Court West, City and County of San Diego
Opened: 6/6/06
Partners Premium Finance Company
2501 E. Chapman Avenue, Fullerton, Orange County
Approved: 6/22/06
Change of Name
First Choice Premium Finance Company, Inc. to change its name to Infinity Premium Acceptance
Corporation
Effected: 4/25/06
Industrial Bank Activity
Conversion to State Charter
Tustin Community Bank, Tustin, to convert to a state-chartered, commercial bank
Filed: 6/29/06
Trust Company Activity
New Trust Company
San Pascual Fiduciary Trust Company
624 South Grand Avenue, City and County of Los Angeles
Filed: 6/14/06
Acquisition of Control
Whittier Trust Company of Nevada to acquire control of Whittier Trust Company
Approved: 6/9/06
6 Monthly Bulletin June 2006
Foreign (Other Nation) Bank Activity
New Representative Office
Credit Suisse
• 19200 Von Karman Avenue, Irvine, Orange County
• 2121 Avenue of the Stars, City and County of Los Angeles
• 2400 Hanover Street, Palo Alto, Santa Clara County
• 650 California Street, City and County of San Francisco
Opened: 6/6/06
Voluntary Surrender of License
Banca di Roma, S.p.A.
One Market Street, Steuart Street Tower, City and County of San Francisco (Depositary Agency)
Effected: 6/29/06
Societe Generale
Four Embarcadero Center, City and County of San Francisco (Representative Office)
Effected: 6/15/06
Foreign (Other State) Bank Activity
New Facility
Bank of Las Vegas, The (Facility – Insured Bank)
19772 MacArthur Boulevard, Irvine, Orange County
Opened: 1/1/06
Bank of Nevada (Facility – Insured Bank)
200 Pringle Avenue, Walnut Creek, Contra Costa County
Notified: 6/12/06
First Mariner Bank (Facility – Insured Bank)
510 Bercut Drive, City and County of Sacramento, California
Opened: 5/25/05
Discontinued: 4/24/06
First Mariner Bank (Facility – Insured Bank)
865 Herdsman Way, Templeton, San Luis Obispo County, California
Opened: 5/25/05
Discontinued: 8/5/05
7 Monthly Bulletin June 2006
Credit Union Activity
Field of Membership
Three credit unions received approvals to add 11 new fields of membership during May 2006.
Bylaw Amendment
One credit union received approval for one bylaw amendment during May 2006.
Variance
Four credit unions received approvals for requests for variances to sections of the California Code of
Regulations during May 2006.
Merger
AC Transit Employees Federal Credit Union, Oakland with and into Oakland Municipal Employees
Credit Union, Oakland
Effected: 6/9/06
Horizon Credit Union, Fresno, to merge with and into Valley First Credit Union, Modesto
Effected: 3/16/06
Inland Counties Postal Credit Union, Redlands, to merge with and into Priority One Credit Union,
Pasadena
Approved: 6/8/06
Southern Baptist Credit Union, Brea, to merge with and into Christian Community Credit Union, Covina
Effected: 5/22/06
United Defense Federal Credit Union, El Segundo, to merge with and into California Bear Credit Union,
Los Angeles
Approved: 6/8/06
West One Federal Credit Union, Livermore, to merge with and into KeyPoint Credit Union, Santa Clara
Filed: 5/22/06
Approved: 6/7/06
Transmitter of Money Abroad Activity
New Transmitter of Money Abroad
Associated Foreign Exchange
Approved: 6/15/06
8 Monthly Bulletin June 2006
Acquisition of Control
Banorte USA Corporation, to acquire control of Servicio Uniteller, Inc.
Received: 6/26/06
MICHAEL A. KELLEY
Acting Commissioner of Financial Institutions
Bulletin for Month ended
June 2006, issued pursuant
to Financial Code section 258
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