Volume 10, Number 1

DFI Issues Cease and Desist Warning to Geneva World Banc

A warning to cease and desist from doing business in California without a license from the
Commissioner of Financial Institutions was issued to Geneva World Banc, 34145 Pacific Coast
Highway, #338, Dana Point, California 92629.
Geneva World Banc is not authorized to transact business in the way or manner of a bank and is not
authorized to transact business under a name which contains the word “bank” or any derivative of the
word “bank,” such as “banc” and indicates that such business is in the business of a bank pursuant to
Chapter 18 of Division 1 of the California Financial Code. All persons who have communicated with
Geneva World Banc are asked to contact the Department of Financial Institutions, Legal Division, San
Francisco, at (415) 263-8541.
Advisory Notice – Advance Fee Scam
We have received notice that fraudulent emails, originating from the Netherlands, are being perpetrated
on Californians. Although the most recent fraudulent email is dated June 25, 2006, this is not a new
scam. This particular “advance fee/fake lottery” scam has been around for at least a year.
The fraudulent email announces that the recipient has won an online lottery and is being awarded a large
cash prize. The perpetrator’s intent is to dupe the recipient into setting up a bank account that requires a
sizable (anywhere from $1,500 to $5,500) initial deposit, which will be accessed by the perpetrator.
This is a typical advance fee payment fraud whereby the victim is required to pay a fee prior to
receiving the purported prize.
2 Monthly Bulletin July 2006
Features of a Typical Scheme
The intended victim receives an unsolicited email from co-ordinator@bankgirolotto.com with the
subject line: “CONTACT YOUR FOREIGN TRANSFER MANAGER.” Following the subject line, the
victim is directed to contact the foreign transfer manager, Bank Giro Loterij International Promotion &
Prize Award Department, Amsterdam, The Netherlands. The emails often begin with “Dear Winner.”
In almost all instances, the email, in grammatically incorrect English, will state that the victim’s email
address had been selected as one of the winners of an online sweepstakes. The stated prize is always
very large, often one million Euros or more. The intended victim is then asked to provide some personal
identifying information, such as name, occupation, mailing address, phone number, nationality and
email address (which, of course, they already have). To discourage potential victims from making
inquiries about the legitimacy of the lottery, the email will sometimes include a confidentiality statement
to “…avoid double claiming or unscrupulous acts by participants…” Then, that statement would be
followed with the warning that any breach of confidentiality will result in disqualification.
Ultimately, the perpetrator will require the payment of a fee before the lottery winnings can be
distributed, and any fee paid will be lost to the victim. We strongly encourage you to inform your
customers, friends and associates of this potential fraud so that they may protect their valuable assets.
Transmitter of Money Abroad Voluntarily
Surrenders License
Dollars Express International, Inc. (DEI) has voluntarily surrendered its license to operate in
California. The surrender was accepted by the Department on July 7, 2006 with DEI voluntarily
suspending California operations as of May 25, 2006. Contact information for DEI: Tiffany Uyen
Nguyen, President, 15397 Brookhurst Street, Westminster, CA 92683 or by phone (714) 418-
1520. Consumers who wish to file a claim should call the DFI Consumer Information Desk’s toll free
number, 1-800-622-0620 or email consumer@dfi.ca.gov. Consumer complaint forms in English and
Spanish are available at http://www.dfi.ca.gov/forms/consumer/consumer.asp.

DFI and Groupex Financial Corporation Enter into a
Settlement
On July 11, 2006, the Acting Commissioner of Financial Institutions entered into a settlement agreement
with Groupex Financial Corporation (“Groupex”), in which Groupex agreed to pay $25,000 to the
Department and the Acting Commissioner agreed to take no further action with respect to alleged
violations of the Financial Code related to the use of unapproved receipts and inaccurate reporting.
3 Monthly Bulletin July 2006
DFI and Vigo Remittance Corp. Enter into a
Settlement
On July 11, 2006, the Acting Commissioner of Financial Institutions entered into a settlement agreement
with Vigo Remittance Corp. (“Vigo”), in which Vigo agreed to pay $75,000 to the Department and the
Acting Commissioner agreed to take no further action with respect to alleged violations of the Financial
Code related to failure to maintain required minimum tangible net worth.
Commercial Bank Activity
New Bank
1st Enterprise Bank
818 West Seventh Street, City and County of Los Angeles
(213) 430-7000
Officers: David C. Holman, Chairman of the Board
K. Brian Horton, President
John C. Black, Chief Executive Officer
Capitalization: $27,500,000.00
Website: http://www.1stenterprisebank.com
Opened: 7/3/06
Alta Alliance Bank
1951 Webster Street, Oakland, Alameda County
Correspondent: Arnold Grisham
360 – 17th Street, Ste. 150
Oakland, CA 94612
(510) 625-9040
agrisham@altacalbank.com
Name changed on 7/10/06 from Alta California Bank
Approved: 7/21/06
American Riviera Bank
1033 Anacapa Street, City and County of Santa Barbara
(805) 965-5942
Officers: Lawrence Koppelman, Chairman
Michael Salsbury, President
David Duarte, Executive Vice President, Chief Credit Officer, and Chief Operations Officer
Michelle Martinich, Senior Vice President and Chief Financial Officer
Laurie Leighty, Senior Vice President, Operations and Human Resources
Capitalization: $24,942,350.00
Website: http://www.americanrivierabank.com
Opened: 7/18/06
4 Monthly Bulletin July 2006
New Bank (Continued)
Atlantic Pacific Bank
3725 Westwind Boulevard, Santa Rosa, Sonoma County
(707) 236-1500
Officers: Charles O. Hall, President and Chief Executive Officer
Allen Christenson, Executive Vice President and Chief Financial Officer
Capitalization: $27,500,000.00
Website: http://www.apbconnect.com
Opened: 7/10/06
Capital Bank
31351 Rancho Viejo Road, San Juan Capistrano, Orange County
Correspondent: Richard Arnold
Carpenter & Company
5 Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Filed: 7/10/06
Cornerstone Community Bank
510 Luther Road, Red Bluff, Tehama County
Correspondent: Gary Steven Findley
Gary Steven Findley & Associates
1470 North Hundley Street
Anaheim, CA 92806
(714) 630-7136
Approved: 7/21/06
Focus Business Bank
Vicinity of Almaden Boulevard and Santa Clara Street, San Jose, Santa Clara County
Correspondent: Richard L. Coniff
2033 Gateway Place, Fifth Floor
San Jose, CA 95110
(408) 573-6907
Filed: 7/25/06
Pacific Alliance Bank
Intersection of Valley Boulevard and San Gabriel Boulevard, Rosemead, Los Angeles County
Correspondent: Maryam Hamzeh
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Approved: 7/7/06
5 Monthly Bulletin July 2006
New Bank (Continued)
Pinnacle Bank
18181 Butterfield Boulevard, Morgan Hill, Santa Clara County
408-762-7171
Officers: David Funkhouser, President and Chief Executive Officer
Bruce Kendall, Chief Financial Officer
Henry Chow, Chief Credit Officer
Capitalization: $27,500,000.00
Website: http://www.pinnaclebankonline.com
Opened: 7/17/06
Premier Business Bank
700 South Flower Street, City and County of Los Angeles
(213) 689-4800
Officers: David B. Warner, Jr., President and Chief Executive Officer
Chris Chan, Chief Financial Officer
Stephen Rolfe, Chief Credit Officer
Capitalization: $20,256,780.00
Opened: 7/25/06
Presidio Bank
One Montgomery Tower, 120 Kearny Street, City and County of San Francisco
(415) 398-3100
Officers: Stephen A. Fleming, President and Chief Executive Officer
Edward J. Murphy, Chief Financial Officer
Mary Leonard Wilson, Chief Credit Officer
Capitalization: $40,000,000.00
Website: http://www.presidiobank.com
Opened: 7/24/06
Merger
Great Eastern Bank, New York, New York, to merge with and into United Commercial Bank, San
Francisco, California
Withdrawn: 2/21/06
NVB Business Bank, Woodland to merge with and into North Valley Bank, Redding
Effected: 6/30/06
Acquisition of Control
First Bank, to acquire control of San Diego Community Bank
Approved: 7/14/06
Santa Lucia Bancorp to acquire control of Santa Lucia Bank
Approved: 2/15/06
6 Monthly Bulletin July 2006
Acquisition of Control (Continued)
Sunwest Bancorp, to acquire control of Sunwest Bank, Tustin
Withdrawn: 12/28/05
Purchase of Partial Business Unit
Metro United Bank, San Diego, to acquire the Irvine Branch of Omni Bank, N.A., Alhambra
Approved: 7/25/06
Premium Finance Company Activity
Voluntary Surrender of License
Cornerstone Group, Inc.
Effected: 7/5/06
Fox Financial Services, Inc.
Effected: 7/18/06
Foreign (Other Nation) Bank Activity
New Office
Lloyds TSB Offshore Limited
1800 Century Park East, City and County of Los Angeles (Representative office)
Filed: 7/11/06
Macquarie Bank Limited
City and County of San Francisco (Representative office)
Filed: 7/17/06
International Commercial Bank of China Co., Ltd, The
• 445 S. Figueroa Street, City and County of Los Angeles (Wholesale branch office)
• 333 West San Carlos Street, San Jose, Santa Clara County (Wholesale branch office)
Filed: 5/8/06
Foreign (Other State) Bank Activity
New Facility
Bank of Nevada (Facility – Insured Bank)
200 Gregory Lane, Pleasant Hill, Contra Costa County
Address changed on 7/10/06: from 200 Pringle Avenue, Walnut Creek, Contra Costa County
Opened: 7/17/06
7 Monthly Bulletin July 2006
New Facility (Continued)
The Bankers Bank (Facility – Insured Bank)
Location to be determined, State of California
Notified: 7/20/06
Credit Union Activity
Field of Membership
Eight credit unions received approvals to add 13 new fields of membership during June 2006.
Bylaw Amendment
Three credit union received approval for 3 bylaw amendments during June 2006.
Variance
One credit union received approval for requests for variances to sections of the California Code of
Regulations during June 2006.
Merger
Affinity West Federal Credit Union, Los Angeles with and into Public Works Credit Union, Alhambra
Approved: 6/13/06
South Coast Community Federal Credit Union, Goleta, to merge with and into Wescom Credit Union,
Pasadena
Filed: 7/21/06
Approved: 7/26/06
United Defense Federal Credit Union, El Segundo, to merge with and into California Bear Credit Union,
Los Angeles
Effected: 7/28/06
West One Federal Credit Union, Livermore, to merge with and into KeyPoint Credit Union, Santa Clara
Effected: 7/1/06
Acquisition of Control
Wescom Credit Union, Pasadena, to acquire control of Silvergate Bank, La Jolla
Withdrawn: 7/27/06
8 Monthly Bulletin July 2006
Issuer of Travelers Checks Activity
Voluntary Surrender of License
Citicorp Services, Inc.
Effected: 6/30/04
MICHAEL A. KELLEY
Acting Commissioner of Financial Institutions
Bulletin for Month ended
July 2006, issued pursuant
to Financial Code section 258
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