Monthly Bulletin – August 2001

State of California

Gray Davis, Governor

Business Transportation and Housing Agency
Maria Contreras-Sweet, Secretary

Department of Financial Institutions

California Seal

Monthly Bulletin

Volume 5, Number 2

August, 2001

DFI Training Conference “Looking to the Future”

The Department of Financial Institutions held its first all-staff training conference, with the theme “Looking to the Future” at the Asilomar State Training Center. The main goal of the conference was to help prepare DFI staff to meet the challenges of the future with a well trained staff to carry out our mission to regulate the safety and soundness of California’s state-chartered financial institutions.

The agenda included the following topics and speakers:

  • Preserving Privacy & Preventing Identity Theft  by Jack Vonder Heide, President, Technology Briefing Centers, Inc.
  • Economic Outlook – Light at the End of the Tunnel? a panel discussion by Ted Gibson – Moderator/Panelist, Chief Economist, Economic Research, California Department of Finance; Gary Zimmerman, Economist, Federal Reserve/San Francisco; Bill Hampel, Economist, Credit Union National Association
  • What is the Future of the State Financial Services System?  a panel discussion by Neil Milner, President/Chief Executive Officer, Conference of State Bank Supervisors; Doug Duerr, President/Chief Executive Officer, National Association of State Credit Union Supervisors; Kenneth Sayre-Peterson, Senior Counsel, Department of Financial Institutions
  • Industry Perspective of Regulatory Examinations by Carrol Pruett, Chairman, Mid-State Bank and Barry Jolette, San Mateo County Employees Credit Union

“Sound Ideas for New Directions” with Michael Bayard’s Rhythm Magic kicked off the conference. Luke Van Dijk, Analytics Director, Fair, Isaac presented “Introduction to Credit Scoring – How Do You Measure Up?” Rosemaire Duffy, Telework Coordinator at the California Public Employees Retirement System (CalPERS) made a presentation on “Teleworker and Telemanager.”

Pat Solares, Manager of Education and Training, California Credit Union League provided lessons in Leadership Skills and Time Management. Katrina Kennedy, Training Consultant with the State Training Center presented “Stress Management” and “Putting Passion in your Profession.” Pete Parsons, former Texas Credit Union Commissioner wound up events with Motivation and Team Building skills.

Commercial Bank Activity

Conversion to State Charter

San Luis Trust Bank, FSB, San Luis Obispo, to convert from a federal savings bank to state charter as San Luis Trust Bank
Filed: 6/21/01

Vineyard National Bank, Rancho Cucamonga, to convert from a national bank to state charter as Vineyard Bank
Effected: 8/3/01


BYL Bank Group, Orange with and into First Bank & Trust, San Francisco
Filed: 8/20/01

Charter Pacific Bank, Agoura Hills, with and into First Bank & Trust, San Francisco
Filed: 8/6/01

Imperial Bank, Inglewood, with and into Comerica Bank-California, San Jose
Approved: 8/7/01

Acquisition of Branch Office

Heritage Oaks Bank, Paso Robles to acquire the Arroyo Grande, Morro Bay, Paso Robles and San Luis Obispo Offices of Westamerica Bank, San Rafael
Filed: 8/2/01

Application for Trust Powers

First Regional Bank
1801 Century Park East
Los Angeles, Los Angeles County
Effected: 8/15/01

Trust Company Activity


Fidelity Management Trust Company of California, Los Angeles with and into Fidelity Personal Trust Company, FSB, Boston, Massachusetts
Effected: 4/30/01

Foreign Bank Activity

Foreign (Other Nation) Bank – To Establish Office

Equitable PCI Bank
660 South Figueroa Street, Suite 1100, Los Angeles, Los Angeles County
(Depositary Agency)
Expired: 7/7/01

Foreign (Other Nation) Bank – Discontinuance of Office

The Siam Commercial Bank, PCL
601 South Figueroa Street
Los Angeles, Los Angeles County
Filed: 8/13/01
Approved: 8/17/01

Foreign (Other State) Bank – Voluntary Surrender of License

A.G. Edwards Trust Company
2180 Harvard Street
Sacramento, Sacramento County
Effected: 7/2/01

The Depository Trust Company
100 Pine Street
San Francisco, San Francisco County
Effected: 7/28/01

Providian National Bank
201 Mission Street
San Francisco, San Francisco County
Effected: 8/7/01

Industrial Loan Company Activity


It was erroneously reported in the July 2001 issue of the Monthly Bulletin that Allegiance Premium Finance Company, Inc. was approved on July 16, 2001. AFCO Premium Acceptance, Inc. was approved on that date.

Credit Union Activity


FAMCO Federal Credit Union, South Gate, with and into Southland Civic Credit Union, Downey
Filed: 7/13/01

Harbor Japanese Credit Union, Long Beach with and into Nikkei Credit Union, Gardena
Filed: 7/31/01

Valley Industries Federal Credit Union, El Monte with and into E-Central Credit Union, Pasadena
Filed: 7/31/01

Conversion to State Charter

California Bear Federal Credit Union, Los Angeles
Filed: 7/25/01

Pacific Bay Federal Credit Union, Oakland
Approved: 6/7/01

Steinbeck Federal Credit Union, Monterey
Approved: 8/3/01

Transmitter of Money Abroad Activity

New Transmitters

El Camino Transferencias, Inc.
Approved: 8/20/01


Commissioner of Financial Institutions

Bulletin for month ended
August, 2001, issued pursuant
to Financial Code, Section 258

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