State of California
| Department of Financial Institutions |
http://www.dfi.ca.gov |
 |
Monthly Bulletin |
| Volume 3, Number 10 |
April, 2000 |
Message from the Commissioner
I am pleased Governor Gray Davis appointed me as Commissioner of Financial Institutions on April 4, 2000. It is a honor for me to serve in Governor Davis’ Administration and to be a part of the Business, Transportation and Housing Agency headed by Secretary Maria Contreras-Sweet. I look forward to working closely with the staff of the Department of Financial Institutions, all financial service providers, California consumers, and the other state and federal regulators. My immediate goal is to maintain and improve the high quality of regulation provided by the Department. In order to do this I am giving immediate attention to filling open positions. Please see the information enclosed, access our web site at www.dfi.ca.gov/careers.htm or call 415-263-8531.
I look forward to working with each of you. Please contact me at San Francisco by e-mail at dmeyer@dfi.ca.gov or by telephone at 415-263-8507.
Monthly Activity Report
Commercial Bank Activity
New Bank
SOUTHLAND BUSINESS BANK
Location: 16008 Foothill Boulevard, Irwindale, Los Angeles County (91706)
Opened: 4/26/00
Capitalization: $5,073,223
Jim Davis, President & Chief Executive Officer
William A. Schroeder, Executive Vice President & Chief Credit Officer
Brian G. Hollister, Senior Vice President & Chief Financial Officer
Phone: (626) 334-3800
Conversion to State Charter
People’s Bank of California, Los Angeles, to convert from a federal savings bank to a state chartered bank under the same name
Filed: 4/13/00
Merger
Lippo Bank, San Francisco, with and into First Bank of California, Sacramento
Approved: 4/24/00
Acquisition of Branch Offices
Bank of the West, San Francisco, California, to acquire 21 branch offices of First Security Bank, N.A., Salt Lake City, Utah
Withdrawn: 4/1/00
Bank of the West, San Francisco, California, to acquire 47 branch offices of Zions First National Bank, Salt Lake City, Utah
Withdrawn: 4/1/00
Sale of Trust Business Units
Sanwa Bank California, San Francisco, to sell to Arrowhead Trust Incorporated, San Bernardino, a partial trust business unit
Approved: 4/4/00
Effected: 4/21/00
Sanwa Bank California, San Francisco, to sell a partial trust business unit to Citizens Business Bank, Ontario
Effected: 4/14/00
Trust Company Activity
Voluntary Surrender of License
IMPERIAL TRUST COMPANY
201 North Figueroa Street, Los Angeles
Discontinued: 4/12/00
Foreign Bank Activity
Foreign (Other Nation) Bank – To Establish Office
BANCA INTESA
(Milan, Italy)
One Embarcadero Center, San Francisco
(Representative Office)
Approved: 3/31/00
Opened: 5/8/00
Contact Person: Joseph Raffetto
Phone: (415) 439-6780
Foreign (Other Nation) Bank – Voluntary Surrender of Licenses
CARIPLO – CASSA DI RISPARMIO DELLE PROVINCIE LOMBARDE, S.p.A.
One Embarcadero Center, San Francisco
(Representative Office)
Discontinued: 5/8/00
DEUTSCHE BANK, AG
50 California Street, San Francisco
(Representative Office)
Discontinued: 3/31/00
Credit Union Activity
Conversions to State Charter
American First Federal Credit Union, La Habra, to convert to a state-chartered credit union
Filed: 4/20/00
Long Beach Schools Federal Credit Union, Long Beach, to convert to a state-chartered credit union
Filed: 12/13/00
Matadors Federal Credit Union, Northridge, to convert to a state-chartered credit union
Filed: 12/21/99
North Island Federal Credit Union, Glendale, to convert to a state-chartered credit union
Filed: 12/13/99
Rockwell Federal Credit Union, Downey, to convert to a state-chartered credit union
Filed: 4/4/00
USC Federal Credit Union, Los Angeles, to convert to a state-chartered credit union
Filed: 11/10/99
Ventura County Federal Credit Union, Ventura, to convert to a state-chartered credit union
Filed: 12/13/99
Water & Power Federal Credit Union, Los Angeles, to convert to a state-chartered credit union
Filed: 4/5/00
Whittier Area Federal Credit Union, Whittier, to convert to a state-chartered credit union
Filed: 3/31/00
Mergers
Sacramento District Federal Credit Union, Sacramento, with and into Nazarene Credit Union, Brea
Approved: 3/28/00
San Francisco J.A.C. L. Credit Union, San Francisco, with and into National JACL Credit Union, Salt Lake City, UT
Effected: 3/21/00
Shur Lok Federal Credit Union, Irvine, with and into Orange County’s Credit Union, Santa Ana
Effected: 4/20/00
DONALD R. MEYER
Commissioner of Financial Institutions
By:
JAN LYNN OWEN
Chief Deputy Commissioner
Bulletin for Month ended
April 2000, issued pursuant
to Financial Code, Section 258
The Monthly Bulletin is available without charge via email as a PDF attachment. To subscribe, please contact Mary Ann Havens at mhavens@dfi.ca.gov.