State of California
| Department of Financial Institutions |
http://www.dfi.ca.gov |
 |
Monthly Bulletin |
| Volume 3, Number 11 |
May, 2000 |
Retirement of Mr. James F. Carrig
On May 15, 2000 Commissioner Donald R. Meyer and Chief Deputy Commissioner Jan Lynn Owen announced to the staff that Mr. James F. Carrig, General Counsel is retiring from the Department of Financial Institutions effective July 1, 2000. This announcement was received with mixed emotions. We are both optimistic about what the future holds for Jim and apprehensive about not having him around.
For 34 years Jim has served as Chief Counsel to Superintendents of Banks and as General Counsel to Commissioners of Financial Institutions of the State of California. Jim has performed his duties with tireless effort and dedication. He has been an inspiration to several generations of attorneys who have learned their trade through his guidance and leadership.
Jim has provided invaluable counsel in the interpretation and drafting of the laws relating to financial institutions and in protecting the financial interests of all Californians.
Jim has drafted and has guided the legal staff of the Department in drafting laws that have shaped state regulation of financial institutions in the modern era. This includes but of course is not limited to, laws regulating the offer and sale of securities by banks, acquisitions of control of banks, the laws regulating sales of payment instruments, operations of foreign banks, and operations in California of banks from other states, as well as the law that created the Department of Financial Institutions and consolidated under its jurisdiction the regulation of all depository institutions chartered by the State of California.
Jim’s wise counsel and thoughtfulness will be missed as much as it is currently appreciated. Please join the Commissioner, Chief Deputy Commissioner and staff of the Department in wishing Jim continued good health, happiness and success.
Receive the Monthly Bulletin by E-Mail
The Department makes the Monthly Bulletin available by e-mail as an PDF document. If you would be interested in receiving the Bulletin by e-mail, send e-mail to mhavens@dfi.ca.gov indicating your interest and the e-mail address where you would like the Bulletin to be sent. The Monthly Bulletin is also available on our Web site at www.dfi.ca.gov
Annual Fee Reminder
The following licensees are reminded that annual fees are due in this office on or before July 1, 2000. Please remit fees to:
Department of Financial Institutions
111 Pine Street, #1100
San Francisco, CA 94111-5613
Representative Offices of Foreign (Other Nation) Banks
The annual representative license fee for fiscal year 2000/2001 is due on or before July 1, 2000. The fee, as outlined in Section 1702(i) of the California Financial Code, is $250.00 for each California representative office of a foreign (other nation) bank doing business as of June 1, 2000. Those foreign (other nation) banks which also maintain agency or branch offices in California are not subject to this fee.
Branch Offices of Foreign (Other State) State Banks
The annual fee for fiscal year 2000/2001 is due on or before July 1, 2000. The fee, as outlined in Section 3804(d) of the California Financial Code, is $1,000.00 per California branch office; provided, however that the minimum fee shall not be less than $3,000.00 and the maximum fee shall not be more than $50,000.00.
Facilities of Foreign (Other State) Banks
The annual fee for fiscal year 2000/2001 is due on or before July 1, 2000. The fee, as outlined in Section 3804(e) of the California Financial Code, is $250.00 for each facility doing business as of June 1, 2000. Those foreign (other state) banks which also maintain branch offices in California are not subject to this fee.
Transmitters of Money Abroad
The annual fees for fiscal year 2000/2001 are due on or before July 1, 2000. The fees, as outlined in Section 1801(a) of the California Financial Code, are: $2,500.00 for each transmitter of money abroad license; $125.00 for each licensee branch office; $25.00 for each agent headquarters office, and $25.00 for each agent branch office.
Business and Industrial Development Corporation (BIDCO)
The annual license fee for fiscal year 2000/2001 is due on or before July 1, 2000. The fee, as outlined in Section 31115(a)(6), is $2,000.00 for each BIDCO doing business as of June 1, 2000.
Questions regarding representative office, branch office, facility, and BIDCO fees may be directed to Patrick Carroll at (415) 263-8559 or by e-mail to pcarroll@dfi.ca.gov. Questions about transmitter of money abroad fees may be directed to Arlene Rutherford at (415) 263-8540 or by e-mail to arutherford@dfi.ca.gov.
Monthly Activity Report
Commercial Bank Activity
New Bank
PREMIER SERVICE BANK
Proposed Location: 3576 Arlington Avenue, Suite 300, City and County of Riverside
Filed: 5/9/00
Correspondent: Kerry Pendergast
3576 Arlington Avenue, Suite 300, Riverside, CA 92506
Phone: (909) 201-2224
SIERRA STATE BANK (Interim Bank)
Proposed Location: 86 North Main Street, City of Porterville, County of Tulare
Approved: 5/11/00
Opened: 5/19/00
Correspondent: Keith T. Holmes & Madge S. Belesky
Fried, Bird & Crumpackers, P.C.
1900 Avenue of the Stars, 25th Floor, Los Angeles, CA 90067
Phone: (310) 282-8989
(In connection with the merger of Sierra National Bank with and into Bank of the Sierra)
SOLANO BANK
Proposed Location: 403 Davis Street, City of Vacaville, County of Solano
Approved: 5/3/00
Correspondent: Glen C. Terry
1300 Oliver Road, Suite 180, Fairfield, CA 94533
Phone: (707) 423-2055
Conversion to Federal Charter
Franklin Bank, San Mateo, California, to convert to a federal savings bank under the name Franklin Templeton Bank & Trust Company, F.S.B, Salt Lake City, Utah
Effected: 5/1/00
Mergers
Bank of Ventura, Ventura, with and into First Bank & Trust, Newport Beach
Filed: 5/18/00
First Security Bank of California, N.A., West Covina, with and into California Bank & Trust, San Diego
Terminated: 4/17/00
Franklin Templeton Trust Company, San Mateo, with and into Franklin Templeton Bank & Trust Company, F.S.B, Salt Lake City, Utah
Effected: 5/1/00
Sierra State Bank, Porterville, with and into Sierra National Bank, Tehachapi
Effected: 5/19/00
Sierra National Bank, Tehachapi, with and into Bank of the Sierra, Porterville
Approved: 5/11/00
Effected: 5/19/00
Foreign Bank Activity
Foreign (Other Nation) Bank – To Establish Offices
Banque Nationale de Paris
101 California Street, Suite 3150, San Francisco
(Representative Office)
(in connection with the merger of Paribas with and into Banque Nationale de Paris)
Filed: 5/3/00
Approved: 5/11/00
Opened: 5/23/00
Banque National de Paris
2029 Century Park East, Los Angeles
(Wholesale Branch)
(in connection with the merger of Paribas with and into Banque Nationale de Paris)
Filed: 5/3/00
Approved: 5/11/00
Opened: 5/23/00
Industrial Loan Company Activity
New Thrift and Loan Company
PACIFIC FIRST BANK
Proposed Location: in the vicinity of Irving Street, City and County of San Francisco
Denied: 5/11/00
Transmitters of Money Abroad Activity
New Transmitters
Cong Ty Chuyen Tien Viet Nam, Inc.
Approved: 3/31/00
Contact Person: David Person
Attorney At Law
8905 Frederic Avenue
Sacramento, CA 95826
RUESCH INTERNATIONAL, INC., D.C.
Opened: 3/31/00
Contact Person: Jeanette Weaver
700 Eleventh Street, N.W., Washington, D.C. 20001
Phone: 800-424-2923
Payment Instruments Activity
New Payment Instruments
AGUILA FINANCIAL CORPORATION
Opened: 3/7/00
Contact Person: Paul Womble
14849 Firestone Boulevard, La Mirada, CA 90638-6009
Phone: 714-690-8323 extension 641
DONALD R. MEYER
Commissioner of Financial Institutions
By:
JASON T. SUMMERS
Staff Services Analyst
Bulletin for Month ended
May, 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.