State of California
| Gray Davis, Governor |
Business Transportation and Housing Agency |
| Department of Financial Institutions |
http://www.dfi.ca.gov |
 |
Monthly Bulletin |
| Volume 4, Number 7 |
January, 2001 |
Message from the Commissioner
There is a message in this month’s Bulletin from Secretary Maria Contreras-Sweet of the Business, Transportation and Housing Agency on the current energy challenge in California.
The Department of Financial Institutions has joined the Governor and other state departments in reducing our energy consumption by a minimum of 8 percent.
Your efforts to reduce the demand for electricity will make a real and immediate difference.
Donald R. Meyer, Commissioner of Financial Institutions
California’s Energy Challenge
By Maria Contreras-Sweet
The energy challenge facing California is real. California continues to experience electrical shortages and rolling blackouts throughout the State. To reduce the risk of power outages, the most important thing we can do in the short term is reduce our demand for electricity and use energy more efficiently.
The Governor and leaders of the California Legislature are working with utility companies, generators and consumer groups to fashion long-term solutions for reliable and affordable electricity. The State has already implemented a plan to reduce consumption by a minimum of 8 percent across the board.
And you have an important role to play right now. We in California have the power of nearly 35 million people and the sixth largest economy in the world. By reducing our electricity demand, we can help avoid shortages and lower energy bills. All you have to do is FLEX YOUR POWER.
The Business, Housing and Transportation Agency and its 13 departments have implemented these simple energy-saving features, and we encourage you to do the same:
For more information, visit the Business, Transportation and Housing Agency Web site at www.bth.ca.gov and read about "California’s Energy Challenge," which is located under the Spotlight Section on our Homepage.
Maria Contreras-Sweet is the Secretary of the Business, Transportation and Housing Agency.
Sharon Dunlavey to Become Special Assistant to the Chief Examiner
Sharon Dunlavey has assumed a new position within the Department as Special Assistant to the Chief Examiner. In this position she will continue to apply her experience and expertise to issues in both the supervision of our licensee’s and the administration of our various supervisory programs. Pending the selection of her replacement as Regional Deputy in Southern California, questions and items normally sent to the Deputy should be routed through Chief Examiner David Scott. Mr. Scott can be reached at (213) 897-2153 Ext. 128, or by e-mail at dscott@dfi.ca.gov.
Monthly Activity Report
Commercial Bank Activity
New Bank
Sunrise Bank of San Diego
4570 Executive Drive, Suite 110, San Diego, San Diego County
Officers: Joseph D. Reid, Chairman of the Board; Janice A. Kassebaum, Chief Executive Officer; Randall S. Cundiff, Executive Vice President
Phone: (858) 625-9050
Capitalization: $8,014,511.13
Opened: 1/11/01
Mergers
First Security Bank of New Mexico, N.A., Albuquerque, New Mexico, with and into Bank of the West, San Francisco
Approved: 1/31/01
Merrill Lynch Trust Company of California, San Francisco, with and into Merrill Lynch Trust Company, FSB, Somerset, New Jersey
Effected: 1/2/01
Millennium Bank, San Francisco, with and into First Bank & Trust, San Francisco
Effected: 12/29/00
Prime Bank, Los Angeles, with and into East-West Bank, San Marino
Effected: 1/12/01
Sacramento Commercial Bank, Sacramento, with and into Placer Sierra Bank, Auburn
Filed: 1/19/01
Conversion to State-Chartered Bank
Universal Bank, FSB, West Covina, under the name Universal Bank
Filed: 1/10/01
Acquisition of Branch Office
Bank of the West, San Francisco, to acquire seven branch offices of First Security Bank of Nevada, Las Vegas
Approved: 1/9/01
Effected: 1/12/01
Industrial Bank Activity
Acquisition of Branch Office
Affinity Bank, Ventura, to acquire the banking business of the Irvine Branch Office of FirstPlus Bank, Tustin
Filed: 1/8/01
Voluntary Surrender of License
Crown American Bank
9920 South La Cienega Boulevard, Inglewood
Effected: 12/27/00
Business and Industrial Development Corporation Activity
New BIDCO
CNL Commercial Lending, Inc., A California Business and Industrial Development Corporation
26137 La Paz Road, Mission Viejo, Orange County
Correspondent: Loren P. Hansen
Knecht & Hansen, 1301 Dove Street, Suite 900, Newport Beach, CA 92660
Phone: (949) 851-8070
Filed: 1/24/01
Foreign Bank Activity
New Foreign (Other State) Bank
Boston Private Bank and Trust Company
3000 Sand Hill Road, Menlo Park, San Mateo County
(Facility – Insured Bank)
Contact person: James C. Wall
Phone: (650) 854-4408
Opened: 1/29/01
Voluntary Surrender of License
UMB Bank, N.A.
100 South Ellsworth, San Mateo, San Mateo County
(Representative Office)
Effected: 6/30/00
New Foreign (Other Nation) Bank – To Discontinue Office
Bank Austria Aktiengesellschaft
50 California Street, Suite 3005, San Francisco, San Francisco County
(Representative Office)
Filed: 1/26/01
Approved: 1/29/01
Effected: 1/31/01
Premium Finance Company Activity
New Premium Finance Company
Collier Financial, Inc.
2501 East Chapman Avenue, Fullerton, Orange County
Filed: 1/23/01
Credit Union Activity
Merger
Placer Nevada Grange Credit Union, Auburn, with and into Butte Federal Credit Union, Butte
Effected: 11/16/00
Conversion to State Charter
Kaiser-Lakeside Federal Credit Union, Oakland, as Kaiser-Lakeside Credit Union
Effected: 12/29/00
DONALD R. MEYER
Commissioner of Financial Institutions
Bulletin for month ended
January, 2001, 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.