DFI Monthly Bulletin – December 2003

Dec 1, 2003

Volume 7, Number 6

FINCEN Adopts Revised CTR Form

The Financial Crimes Enforcement Network (FINCEN) has modified the Currency Transaction Report
(“CTR”) form to facilitate the recording of the movement and exchange of foreign currency in excess of
$10,000. The form, FinCEN Form 104 available at http://www.fincen.gov/reg_bsaforms.html, became
effective on December 1, 2003. IRS Form 4789 will continue to be accepted until August 31, 2004.
Each financial institution (including all money transmitters, and issuers of payment instruments and
travelers’ checks) must file Form 104 for each deposit, withdrawal, exchange of currency or other
payment or transfer, by, through or to the financial institution which involves a transaction in currency of
more than $10,000.
Bank Enterprise Awards
The Community Development Financial Institutions (CDFI) Fund is offering monetary incentives through
its Bank Enterprise Award Program to certain eligible FDIC-insured institutions that comply with the
program’s requirements and submit an application for consideration. Applications must be received by
February 25, 2004.
The CDFI Fund will award $8 million in 2004 in financial incentives through its Bank Enterprise Award
(BEA) Program to certain eligible FDIC-insured institutions that comply with the program’s requirements
and submit an application for consideration. The program will consider qualified activities that occurred
in 2003. The CDFI Fund program encourages eligible FDIC-insured financial institutions to increase
levels of lending, investment, services and technical assistance to distressed communities and community
development financial institutions. Further information about the BEA Program is available on the CDFI
Fund’s Web site at www.CDFIFund.gov
2 Monthly Bulletin December, 2003
In addition to CRA consideration as community development activities, investments in and loans to a
CDFI may make an FDIC-insured institution eligible for monetary incentives under the BEA Program.
The program complements the community development activities of traditional banks and thrifts by
providing financial incentives to expand investments in CDFIs and to increase lending, investment and
services activities within economically distressed communities. The BEA Program provides awards to
eligible institutions based on a prioritized ranking of the type of investment or activity, with equity
investments and deposits receiving primary consideration. Awards are provided on an annual basis, and
eligible institutions must comply with the requirements of the program and submit an application for
consideration. Every eligible institution is not guaranteed an award.
For more information about whether a CDFI-related activity qualifies for CRA consideration, consult the
CRA regulation and the Federal Financial Institutions Examination Council’s CRA Questions and
Answers located on the FDIC’s Web site at:
Commercial Bank Activity
New Bank
Golden State Business Bank
1060 West Foothill Boulevard, Upland, San Bernardino County
Phone: (909) 981-8000
Web site: www.goldenstatebusinessbank.com
Officers: Michael T. Wilson, President and Chief Executive Officer
Peggy Hansen, Executive Vice President and Chief Financial Officer
Capitalization: $11,000,000.00
Opened: 12/1/03
Pacific Valley Bank
In the vicinity of Main Street and John Street, Salinas, Monterey County
Correspondent: James H. Avery
PO Box 3009, San Luis Obispo, CA 93403
Phone: (805) 544-5477
Filed: 12/01/03
Conversion to State Charter
Mission Community Bank, N.A. San Luis Obispo, to convert from a national bank to a state-chartered
bank under the name Mission Community Bank
Approved: 12/3/03
Effected: 12/29/03
3 Monthly Bulletin December, 2003
Feather River State Bank, Yuba City, with and into Humboldt Bank, Eureka
Approved: 12/3/03
North Coast Bank, National Association, Santa Rosa, with and into American River Bank, Sacramento
Approved: 11/26/03
Six Rivers Bank, Eureka, with and into North Valley Bank, Redding
Filed: 11/5/03
Approved: 11/26/03
Taft National Bank, Taft, with and into United Security Bank, Fresno
Filed: 12/29/03
Acquisition of Control
Humboldt Bancorp, to acquire control of Feather River State Bank, Yuba City
(In connection with the merger of Feather River State Bank, Yuba City, with and into Humboldt Bank,
Approved: 12/3/03
Western Sierra Bancorp, to acquire Auburn Community Bank, Auburn
Approved: 12/3/03
Final Order (Financial Code 1913)
Western State Bank, Duarte
Issued: 11/17/03
Industrial Bank Activity
Sale of Partial Business Unit
Fireside Thrift Company, Pleasanton, to sell the custodial and administrative responsibilities regarding
individual retirement accounts to First Regional Bank, Los Angeles.
Effected: 11/16/03
4 Monthly Bulletin December, 2003
Trust Company Activity
Sale of Whole Business Unit
Deseret Trust Company of California, Los Angeles, to sell its whole business to Deseret Trust Company,
Salt Lake City, Utah
Filed: 12/10/03
Premium Finance Company Activity
New Premium Finance Company
Spartan Premium Finance Company, Inc.
2751 Alpine Boulevard, Alpine, San Diego County
Opened: 12/2/03
Foreign (Other State) Bank Activity
New Facility
Fifth Third Bank
26361 Crown Valley Parkway, Suite 200, Mission Viejo, Orange County
4510 East Pacific Coast Highway, Suite 640, Long Beach, Los Angeles County
Notified: 9/2/03
Credit Union Activity
Alltec Federal Credit Union, El Segundo, into Financial Partners Credit Union, Downey
Filed: 12/1/03
Field of Membership
Twenty one credit unions received approvals to add 21 new fields of membership during November
5 Monthly Bulletin December, 2003
Amendment of Articles of Incorporation
Ten credit unions received approvals for ten amendments of articles of incorporation during November
Bylaw Amendment
Four credit unions received approval for four bylaw amendments during November 2003.
Commissioner of Financial Institutions
Bulletin for Month ended
December 2003, issued pursuant
to Financial Code, Section 258
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