Volume 10, Number 5

Warning Notice

It has come to the attention of the Department of Financial Institutions that Power Pictures Credit
Union, allegedly located at 6200 Wilshire Boulevard, Suite 107, Los Angeles, California 90043, is
purporting to operate as a credit union.
Power Pictures Credit Union is not authorized to transact business in the way or manner of a credit
union and is not authorized to transact business under a name which contains “credit union.” The
Department of Financial Institutions advises the use of extreme caution when dealing with this entity.
All persons who have communicated with Power Pictures Credit Union are asked to contact the
Department of Financial Institutions, Legal Division, San Francisco, at (415) 263-8513.
Premium Finance Company Assessment
In accordance with Financial Code Sections 18350, 18351, and 18352, the Commissioner of Financial
Institutions assessed all California insurance premium finance companies in order to fund the operations
of the Department of Financial Institutions in administering the laws relating to insurance premium
finance companies. Invoices for the assessment were mailed on November 30, 2006. The assessment
must be paid in full by December 20, 2006.
For the purposes of this assessment, the base rate is set at 0.0266150286983188 percent of each
insurance premium finance company’s total assets. The amount of the assessment on each insurance
premium finance company is calculated in accordance with Financial Code Sections 18350 and 18351.
The minimum amount for any institution is $250. For purposes of calculating the assessment, the total
assets of each insurance premium finance company have been determined as of December 31, 2005.
If you have any questions about the assessment on your institution, please contact Joan Hironaka, Fiscal
Officer (Telephone: (916) 324-9679), email jhironaka@dfi.ca.gov; or James Dong, Chief
Administrative Officer (Telephone: (916) 445-2904), email jdong@dfi.ca.gov.
2 Monthly Bulletin November 2006
Commercial Bank Activity
New Bank
Americas United Bank
801 North Brand Boulevard, Glendale, Los Angeles County
(818) 247-4000
(818) 247-4003 (fax)
Gilbert J. Dalmau, President and Chief Executive Officer
Jeffery Pollard, Executive Vice President and Chief Financial Officer
Christopher Colella, Chief Credit Officer
Capitalization: $28,781,500.00
Website: http://www.aubank.com
Opened: 11/6/06
Folsom Lake Bank
905 Sutter Street, Folsom, Sacramento County
Correspondent: Grace Wickersham
Carpenter & Company
5 Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Name changed: 10/26/06 from FOLSOM LAKE COMMUNITY BANK
Address changed: 10/26/06 from 1016 Riley Street, Folsom
Approved: 11/2/06
Pacific Business Bank
17905 MacArthur Boulevard, Irvine, Orange County
Correspondent: James B. Jones
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Approved: 11/3/06
Promerica Bank
888 South Figueroa Street, City and County of Los Angeles
(213) 613-5000
(213) 236-1102 (fax)
Officers: Eloy Ortega, President and Chief Executive Officer
Frank E. Smith, Executive Vice President and Chief Financial Officer
Xavier Chavez, Executive Vice President and Chief Credit Officer
Capitalization: $27,500,000.00
Website: http://www.promericabank.com
Address changed: 9/7/06 from 515 South Flower Street, City and County of Los Angeles
Opened: 11/7/06
3 Monthly Bulletin November 2006
New Bank (Continued)
Santa Ana Business Bank
Vicinity of Main Street and 17th Street, Santa Ana, Orange County
Correspondent: C. Ellis Porter
Santa Ana Business Bank (In Organization)
P.O. Box 11510
Santa Ana, CA 92711-1510
(714) 647-9800
Name changed: 8/17/06 from Fortis Business Bank
Approved: 11/1/06
Sunrise Community Bank
41-9900 Cook Street, Building H, Palm Desert, Riverside County
Correspondent: Joseph D. Reid III
Capitol Bancorp Limited
200 Washington Square North
Lansing, MI 48933
Approved: 11/21/06
Merger
Legacy Bank, N.A., Campbell, to merge with and into United Security Bank, Fresno
Filed: 11/30/06
The Summit National Bank, Atlanta, Georgia, to merge with and into United Commercial Bank, San
Francisco, California
Approved: 11/21/06
Purchase of Partial Business Unit
First Bank, Hazelwood, Missouri, to acquire the Beverly Hills Branch of First Bank of Beverly Hills,
Calabasas, California
Effected: 11/3/06
Wilshire State Bank, Los Angeles, California, to acquire the Fort Lee Branch of Royal Bank America,
Narbeth, Pennsylvania
Received: 11/13/06
Acquisition of Control
1st Pacific Bancorp, to acquire control of 1st Pacific Bank of California
Approved: 11/7/06
4 Monthly Bulletin November 2006
Premium Finance Company Activity
New Premium Finance Company
American Financial Plan, Inc.
2501 E. Chapman Ave., Fullerton, Orange County
Approved: 11/9/06
American Global Finance Corporation
2501 E. Chapman Ave., Fullerton, Orange County
Filed: 11/21/06
CAC Acceptance Corporation
4100 Easton Drive, Bakersfield, Kern County
Approved: 11/1/06
California Premium Finance Corp.
6046 Cornerstone Court West, City and County of San Diego
Approved: 11/1/06
Premium Finance, Inc.
5480 Baltimore Drive, La Mesa, San Diego County
Filed: 11/2/06
Approved: 11/13/06
Premium Financing Services, Inc.
5480 Baltimore Drive, La Mesa, San Diego County
Filed: 11/13/06
Valley Premium Finance Company
2501 E. Chapman Avenue, Fullerton, Orange County
Filed: 11/13/06
Industrial Bank Activity
Conversion to State Charter
Independence Bank, Newport Beach, to convert to a commercial bank
Effected: 10/20/06
Foreign (Other State) Activity
New Facility
Manufacturers and Traders Trust Company (Facility – Insured Bank)
• 1555 S. Palm Canyon Drive, Palm Springs, Riverside County
• 114 Pacifica, Irvine, Orange County
Notified: 11/13/06
5 Monthly Bulletin November 2006
Credit Union Activity
Merger
Golden State Federal Credit Union, Sacramento, to merge with and into Sacramento Credit Union,
Sacramento
Filed: 11/1/06
Approved: 11/21/06
Inland Counties Postal Credit Union, Redlands, to merge with and into Priority One Credit Union,
Pasadena
Effected: 9/26/06
Napa Schools Federal Credit Union, Napa, to merge with and into Travis Credit Union, Vacaville
Filed: 11/7/06
Approved: 11/16/06
Bylaw Amendment
Two credit unions received approval for four bylaw amendments during October 2006.
Change of Name
Norton Community Credit Union to change its name to Alta Vista Credit Union
Filed: 11/9/06
Wescom Credit Union to change its name to Wescom Central Credit Union
Approved: 10/3/06
Effected: 10/19/06
Transmitter of Money Abroad Activity
New Transmitter of Money Abroad
Metro Remittance Center (California), Inc.
Filed: 11/13/06
Acquisition of Control
Banorte USA Corporation, to acquire control of Servicio Uniteller, Inc.
Approved: 11/13/06
6 Monthly Bulletin November 2006
Voluntary Surrender of License
BancoSal, Inc.
Effected: 11/2/06
MICHAEL A. KELLEY
Acting Commissioner of Financial Institutions
Bulletin for Month ended
November 2006, issued pursuant
to Financial Code section 258
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