Volume 10, Number 4

Highlights of 2006 State Chaptered Legislation

Attached is Highlights of 2006 State Chaptered Legislation. This summary is a compendium of most but
not all of the legislation that may have an impact on financial institutions. There is a brief description of
each measure with a link to the chaptered version of that legislation.
We hope you find the “2006 Highlights of State Chaptered Legislation” to be a productive tool. We
encourage any suggestions you may have to improve its usefulness to you and your organization. Please
submit your suggestions to Peter Van Hoecke, Legislative Deputy, at (916) 322-1571 or by email at
phoecke@dfi.ca.gov.
Commercial Bank Activity
New Bank
Alta Alliance Bank
1951 Webster Street, Oakland, Alameda County
(510) 899-7500
(510) 832-4093 (fax)
Officers: Arnold T. Grisham, President and Chief Executive Officer
Sedrick A. Tydus, Chief Operating Officer
Marshall Griffin, Chief Financial Officer
Glen Lezama, Chief Credit Officer
Capitalization: $25,000,000.00
Website: http://www.altaalliancebank.com
Opened: 10/16/06
2 Monthly Bulletin October 2006
New Bank (Continued)
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
Withdrawn: 9/27/06
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
Approved: 10/20/06
Cornerstone Community Bank
705 Jefferson Street, Red Bluff, Tehama County
(530) 529-1222
Officers: William Ellison, President and Chief Executive Officer
Raymond Anderson, Chief Financial Officer
Sherry Johnson, Chief Credit Officer
Capitalization: $12,000,000.00
Website: http://www.ccbca.com
Opened: 10/23/06
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
Approved: 10/20/06
Merger
Bank of Walnut Creek, Walnut Creek, California, to merge with and into First Republic Bank, Las
Vegas, Nevada
Effected: 10/16/06
First National Bank, Rancho Santa Fe, to merge with and into Pacific Western Bank, Santa Monica
Approved: 10/10/06
Effected: 10/26/06
3 Monthly Bulletin October 2006
Merger (Continued)
New Asia Bank, Chicago, Illinois, to merge with and into Cathay Bank, Los Angeles, California
Filed: 8/1/06
Approved: 10/6/06
Effected: 10/18/06
Conversion to State Charter
Delta National Bank to convert from a national bank to a state charter under the name of Delta
Community Bank
Abandoned: 10/11/06
Pacific Premier Bank, Costa Mesa, to convert from a federal savings bank charter under the same name
Approved: 10/13/06
Purchase of Partial Business Unit
First Bank, Hazelwood, Missouri, to acquire the Beverly Hills Branch of First Bank of Beverly Hills,
Calabasas, California
Received: 10/6/06
Approved: 10/26/06
Acquisition of Control
1st Pacific Bancorp, to acquire control of 1st Pacific Bank of California
Received: 10/27/06
First California Financial Group, to acquire control of First California Bank
Received: 10/24/06
Premium Finance Company Activity
New Premium Finance Company
American Financial Plan, Inc.
2501 E. Chapman Avenue, Suite 100, Fullerton, Orange County
Filed: 10/30/06
CAC Acceptance Corporation
4100 Easton Drive, Bakersfield, Kern County
Filed: 10/4/06
Voluntary Surrender of License
Golden State Finance Corp.
Effected: 10/18/06
4 Monthly Bulletin October 2006
Foreign (Other Nation) Bank Activity
New Office
Taiwan Cooperative Bank
601 South Figueroa Street, Los Angeles, Los Angeles County (Limited Branch Office)
Opened: 5/1/06
Discontinuance
The Farmers Bank of China
601 South Figueroa Street, Los Angeles, Los Angeles County (Limited Branch Office)
(In connection with its merger with and into Taiwan Cooperative Bank)
Discontinued: 5/1/06
Foreign (Other State) Bank Activity
Discontinuance of Facility
Bank of Nevada (Facility – Insured Bank)
200 Gregory Lane, Pleasant Hill, Contra Costa County
Discontinued: 10/16/06
Credit Union Activity
New Credit Union
Services Unlimited Credit Union
2506 Brighton Avenue, City and County of Los Angeles
Filed: 10/13/06
Field of Membership
Seven credit unions received approvals to add 21 new fields of membership during September 2006.
Bylaw Amendment
Three credit union received approval for three bylaw amendments during September 2006.
Merger
Pacific Bay Credit Union, Oakland to merge with and into Oakland Municipal Employees Credit Union,
Oakland
Filed: 9/25/06
Approved: 10/3/06
5 Monthly Bulletin October 2006
Transmitter of Money Abroad Activity
New Transmitter of Money Abroad
Associated Foreign Exchange
Opened: 10/19/06
MICHAEL A. KELLEY
Acting Commissioner of Financial Institutions
Bulletin for Month ended
October 2006, issued pursuant
to Financial Code section 258
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