DFI Monthly Bulletin – January 2004

Jan 1, 2004

Volume 7, Number 7

San Diego Office Relocation

Effective February 2, 2004, the San Diego Regional Office will relocate to 7575 Metropolitan Drive,Suite 108, San Diego, CA 92108. All phone numbers for the San Diego office and personnel will changewith this move. The new general office number is 619-682-7227 and the fax number is 619-682-7217.

Transmitter of Money Abroad Voluntarily Surrenders License Grace Foreign Exchange Corporation, based in San Francisco, California, voluntarily surrendered its license effective December 22, 2003. Consumers who wish to file a claim should call the DFI Consumer
Information Desk’s toll free number, 1-800-622-0620 by email consumer@dfi.ca.gov. Consumer complaint forms are available on this site: http://www.dfi.ca.gov/forms/consumer/consumer.asp.

Paso Robles Earthquake
Commissioner Donald Meyer urges Department of Financial Institutions (DFI) licensees to review their lending policies in order to grant appropriate latitude to customers affected by the magnitude 6.5 earthquake that occurred on December 22, 2003, with an epicenter near Paso Robles, California. 

As a result of this event, President Bush declared a major disaster in San Luis Obispo County and Santa Barbara County on January 13, 2004 http://www.fema.gov/news/newsrelease.fema?id=10390. A number of disaster assistance programs have been implemented to assist individuals, businesses, farmers and communities to recover from this disaster. However, because of the nature of the disaster and the widespread effect it will have on the economy in the counties, the Commissioner encourages DFI’s licensees to work with customers in dealing with the economic hardships of this disaster.

Monthly Bulletin January 2004
Commercial Bank Activity
New Bank
Five Star Bank Natomas
2400 Del Paso Road, Suite 110, Sacramento, Sacramento County
(916) 640-1500
Officers: James E. Beckwith, President and Chief Executive Officer
Rod Wiessner, Senior Vice President and Chief Financial Officer
Jeff Moore, Senior Vice President and Chief Credit Officer
Capitalization: $12,000,000.00
Opened: 1/5/04
Great America Bank
In the vicinity of San Gabriel Boulevard and East Valley Boulevard, San Gabriel, Los Angeles County
Correspondent: Gary Steven Findley, Esq.
Gary Steven Findley & Assoc.
1470 North Hundley
Anaheim, CA 92806
(714) 630-7136
Filed: 1/2/04
Business Bank of California, San Bernardino, with and into Union Bank of California, N.A., San
Effected: 1/16/04
Mid Valley Bank, Red Bluff, with and into PremierWest Bank, Medford, Oregon
Effected: 1/23/04
North Coast Bank, National Association, Santa Rosa, with and into American River Bank, Sacramento
Effected: 12/31/03
PriVest Bank, Santa Ana, with and into Sun Country Bank, Upland
Approved: 12/23/03
Effected: 1/7/04
(In connection with the above merger, Sun Country Bank was authorized to engage in the trust business)
Six Rivers Bank, Eureka, with and into North Valley Bank, Redding
Effected: 12/31/03
3 Monthly Bulletin January 2004
Purchase of Partial Business Unit
BNY Western Trust Company, Los Angeles, to acquire the corporate trust business of Bank of Hawaii,
Honolulu, Hawaii
Filed: 1/13/04
Approved: 1/29/04
Acquisition of Control
Boston Private Financial Holdings, Inc., to acquire control of First State Bank of California, Granada
Approved: 12/18/03
Industrial Bank Activity
Change of Name
Fireside Thrift Co. to Fireside Bank
Effected: 11/10/03
Voluntary Dissolution
FirstPlus Bank
1732 Reynolds Avenue, Irvine, Orange County
Effected: 12/15/03
Premium Finance Company Activity
New Premium Finance Companies
Focus Premium Finance Company
2501 East Chapman Avenue, Suite 100, Fullerton, Orange County
Opened: 1/2/04
Acquisition of Control
Premium Holding Corporation, to acquire control of Premium Financing Specialists of California, Inc.,
Filed: 1/5/04
Approved: 1/16/04
4 Monthly Bulletin January 2004
Foreign (Other State) Bank Activity
New Facility
Rock River Trust Company (Facility – uninsured Bank)
44 Montgomery Street, Suite 3030, San Francisco, San Francisco County
Opened: 1/1/04
Credit Union Activity
Carlsbad City Employees Federal Credit Union, Carlsbad, into Cabrillo Credit Union, San Diego
Filed: 1/9/04
Field of Membership
Nine credit unions received approvals to add 22 new fields of membership during December 2003.
Amendment of Articles of Incorporation
Twenty credit unions received approvals for 20 amendments of articles of incorporation during
November 2003.
Bylaw Amendment
Seven credit unions received approval for nine bylaw amendments during December 2003.
Transmitter of Money Abroad Activity
Final Order (Financial Code 1818)
Regent Forex, Inc., Los Angeles
Issued: 12/17/03
Voluntary Surrender of License
Grace Foreign Exchange
Effected: 12/22/03
5 Monthly Bulletin January 2004
Payment Instrument Activity
New Payment Instrument
American Payment Systems, Inc.
Contact person: Donna M. Estelle
2319 Whitney Avenue, 6th Floor
Hamden, CT 06518
Withdrawn: 12/9/02
Commissioner of Financial Institutions
Bulletin for Month ended
January 2004, issued pursuant
to Financial Code, Section 258
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