DFI Monthly Bulletin – March 2003

Mar 1, 2003

Volume 6, Number 9

April is Financial Literacy Month in California

Governor Davis will again declare the month of April as “California Financial Literacy Month.” This
special observance month is meant to promote youth and adult financial literacy and encourage
California’s families to understand the basics of money management, saving and investing and use of
credit in order that they make wise financial decisions to protect their financial future.
The month-long effort focuses on youth and adult financial literacy. State and federal agencies,
regulators, consumer groups and the financial industry will join together to conduct educational events
which raise awareness about the importance of financial literacy. Representatives will participate in
presentations, workshops, and other efforts throughout the state to reach all ages and backgrounds. In
addition, new educational materials, including online information is unveiled as part of the outreach
and education campaign.
The American Bankers Association Education Foundation (ABAEF) sponsors “National Teach
Children to Save Day” – on April 10, 2003 when thousands of bankers connect with kids in classrooms
and afterschool programs to share “real life” lessons about money. These efforts help young people
take an important first step in mastering their financial ABCs – learning how to save. Learn more about
National Teach Children to Save Day by visiting the ABA Web site at
<http://www.aba.com/Consumer+Connection/teachchildrentosave.htm >, or you can email the ABA
to request information at seinfalt@aba.com.
The Credit Union National Association (CUNA) sponsors “Youth Count at Credit Unions” —National
Credit Union Youth Week — April 13-19, 2003. This special week shines the spotlight on how young
people earn, spend, save, and manage their own money—and how credit unions help them do so
wisely during National Credit Union Youth Week. To learn more about National Credit Union Youth
Week, visit the CUNA Web site at <http://www.cuna.org/initiatives/youth/youth_week.html>.
2 Monthly Bulletin March, 2003
A new online financial literacy resource guide, is available on the DFI Web site www.dfi.ca.gov that
provides an array of information on how financial institutions can share financial literacy information in
their communities. Additional information on the financial services industry’s financial literacy
campaign is also available on the DFI Web site.
A press release and proclamation issued by Governor Davis designating the month of April as
“California Financial Literacy Month” will be posted to the DFI Web site in April.
DFI Forms now Available on Web Site
The Department of Financial Institutions (DFI) has made many of its forms available from its Web site in
PDF or Excel format. Prospective applicants who wish to organize a new bank, or obtain a license for a
transmitter of money abroad, issuer of money orders or travelers checks, etc., can now fill in, download
and print the necessary application forms and instructions. Existing licensees can download call report
forms and other regulatory reporting forms. To view and print DFI forms from the Web site, go to
Commercial Bank Activity
New Bank
Mother Lode Bank
Proposed location: 172 West Stockton Road, Sonora, Tuolumne County
Correspondent: James H. Avery
James H. Avery Company
PO Box 3009
San Luis Obispo, CA 93403
Phone: (805) 544-5477
Filed: 3/25/03
The Private Bank of the Peninsula
within a two mile radius of the intersection of El Camino Real and Santa Cruz Avenue, City of Menlo
Park, County of San Mateo
Correspondents: John H. Sears, Esq.
Sheppard Mullin Richter & Hampton LLP
4 Embarcadero Center, 17th Floor
San Francisco, CA 94111
Phone: (415) 774-3205
Or James C. Wall
(650) 619-8985
Approved: 3/21/03
3 Monthly Bulletin March, 2003
New Banks (Continued)
San Diego Trust Bank
Proposed location: 2550 Fifth Avenue, San Diego, San Diego County
Correspondent: Michael Perry
2472 Wind River Road
El Cajon, CA 92019
Phone: (619) 247-3637
Filed: 3/12/03
Santa Cruz County Bank
Near the intersection of Soquel Avenue and Ocean Street, Santa Cruz, Santa Cruz County
Correspondent: Grace K. Wickersham
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614-8527
Phone: (949) 261-8888
Filed: 3/5/03
California Chohung Bank, Los Angeles, with and into CHB America Bank (formerly Chohung Bank of
New York), New York
Effected: 3/24/03
The Express Bank, Alvin, Texas, with and into Chinatrust Bank (U.S.A.), Torrance
Filed: 1/14/03
Approved: 3/12/03
North State National Bank, Chico, with and into Tri-Counties Bank, Chico
Approved: 3/4/03
Pacific Business Bank, Santa Fe Springs, with and into East-West Bank, San Marino
Approved: 3/6/03
Effected: 3/14/03
Acquisition of Control
Southwest Community Bancorp, to acquire control of Southwest Community Bank, Encinitas
Approved: 3/5/03
Wakashio Bank, Ltd. to indirectly acquire control of Manufacturers Bank, Los Angeles
Approved: 3/6/03
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Change of Name
Redlands Centennial Bank, to 1st Centennial Bank
Effected: 3/3/03
Industrial Bank Activity
New Bank
Patriot Bank
Near the intersection of Michelson Drive & Jamboree Road, Irvine, Orange County
Correspondent: Grace K. Wickersham
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614-8527
Phone: (949) 261-8888
Filed: 3/4/03
Premium Finance Company Activity
New Premium Finance Company
Golden State Finance Corp.
2501 E. Chapman Avenue, Suite 100, Fullerton, Orange County
Opened: 3/17/03
Great American Premium Finance Corporation
6046 Cornerstone Court West, San Diego, San Diego County
Opened: 3/10/03
Mid-America Premium Finance Company West
6046 Cornerstone Court West, San Diego, San Diego County
Filed: 3/25/03
PFS Financing Corp. of California
601 South Glenoaks Boulevard, Suite 403, Burbank, Los Angeles County
Filed: 3/27/03
Acquisition of Control
Independent Bank Corporation/Independent Bank to acquire control of Mepco Acceptance Corporation,
Filed: 3/25/03
5 Monthly Bulletin March, 2003
Voluntary Surrender of License
Wincorp Incorporated
3300 Douglas Boulevard, Suite 155, Roseville, Placer County
Effected: 3/10/03
SLL Premium Finance of California, Inc.
2501 East Chapman Avenue, Suite 100, Fullerton, Orange County
Effected: 3/19/03
Foreign (Other Nation) Bank Activity
New Office
Sumitomo Mitsui Banking Corporation (Formerly Wakashio Bank, Ltd)
555 California Street, Suite 3350, San Francisco, San Francisco County
777 South Figueroa Street, Los Angeles, Los Angeles County (Wholesale Branches)
Approved: 3/6/03
Opened: 3/17/03
Discontinuance of Office
Banca Intesa S.p.A.
444 South Flower Street, Los Angeles, Los Angeles County (Nondepositary Agency)
Approved: 3/21/03
Banca Nazionale del Lavoro,S.p.A.
660 South Figueroa Street, Los Angeles, Los Angeles County (Representative Office)
Filed: 3/13/03
Approved: 3/13/03
Sumitomo Mitsui Banking Corporation (Old name: Wakashio Bank, Ltd)
555 California Street, Suite 3350, San Francisco, San Francisco County
777 South Figueroa Street, Los Angeles, Los Angeles County (Wholesale Branches)
Effected: 3/17/03
(In connection with the merger into Wakashio Bank, Ltd)
Foreign (Other State) Bank Activity
New Facility
BankWest of Nevada (Facility – Insured Bank)
402 West Broadway, San Diego, San Diego County
Opened: 3/1/03
6 Monthly Bulletin March, 2003
Discontinuance of Facility
Wells Fargo Bank Northwest, N. A. (Facility – Insured Bank)
23201 Lake Center Drive, Suite 301, Lake Forest, Orange County
5150 Avenida Encinas, Carlsbad, San Diego County
3401 Centre Lake Drive, Ontario, San Bernardino County
Discontinued: 3/31/03
Credit Union Activity
Conversion to State Charter
Riverside Campus Federal Credit Union, Riverside, under the name of Service Plus Credit Union
Effected: 2/3/03
Dominguez Water Employees Credit Union, Torrance, into South Bay Credit Union, Redondo Beach
Filed: 3/18/03
Los Robles Federal Credit Union, Thousand Oaks, into Ventura County Credit Union, Ventura
Filed: 1/30/03
Approved: 3/25/03
Pomona Valley Credit Union, Pomona, into Inland Empire Credit Union, Pomona
Approved: 6/28/02
Effected: 2/3/03
Change of Name
County City Employees Credit Union to change its name to SLO Credit Union
Approved: 3/20/02
Effected: 12/16/02
Field of Membership
Twelve credit unions received approvals to add 39 new fields of membership during February 2003.
Bylaw Amendments
Four credit unions received approvals for 5 bylaw amendments during February 2003.
Two credit unions received two approvals for requests for variance to sections of the California Code of
Regulations during February 2003.
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Transmitter of Money Abroad Activity
New Transmitter
Antequera Incorporated
Licensed: 3/21/03
Johnny Air Cargo
Filed: 2/27/03
Acquisition of Control
GMT Group & Global Money Transfer, Inc., Great Hill Equity Partners II, LP., and Great Hill Partners
GP II, LLC, to acquire control of Vigo Remittance Corporation
Filed: 3/7/03
Approved: 3/7/03
Commissioner of Financial Institutions
Bulletin for Month ended
March 2003, issued pursuant
to Financial Code, Section 258
The Monthly Bulletin is available without charge via email as a PDF attachment. To subscribe, please send e-mail
with your name, e-mail address, company name and phone number to bulletin@dfi.ca.gov .