DFI Monthly Bulletin – March 2007

Mar 1, 2007

Volume 10, Number 9

Craig Carlson Appointed Chief Examiner

Craig Carlson was appointed Senior Deputy Commissioner and Chief Examiner. Mr. Carlson will
assume the Chief Examiner responsibilities in addition to his role as the Senior Deputy; consequently
his title reflects both responsibilities.
Mr. Carlson has many years of regulatory experience with the Department. He began his career in 1974
as a junior examiner in the Los Angeles office of the State Banking Department, the predecessor agency
of DFI. In 1982, he was promoted to Senior Examiner in the San Diego office and in 1986 he was
promoted to Assistant Deputy overseeing the San Diego region. Mr. Carlson was appointed Deputy
Commissioner of the San Diego/Orange County region in 2001 and Senior Deputy in 2004. In addition
to his regulatory duties, he was a faculty member of the California Banking School from 1989 until
1998 and has been an instructor for the Conference of State Bank Supervisors (CSBS). In 1991 and
1992 he was Chairman of the CSBS Curricula Committee. Craig is a graduate of the DFI Leadership
Academy and led the development of the Financial Institutions Management Information System. He is
a Certified Examination Manager and incoming Chair of the CSBS Performance Standards Committee.
As the Senior Deputy he had the lead responsibility for DFI’s strategic planning and performance
review initiatives tied to bank examination and bank supervision activities. In addition he was
instrumental in the department’s accreditation with CSBS. In his dual role, Mr. Carlson will continue to
pursue department wide performance enhancements in addition to being responsible for directing the
activities of the department’s bank regulatory program.
April is California Financial Literacy Month
Educational programs and activities highlighting this year’s theme of “Save Today for a Strong Financial
Tomorrow, Financial Literacy – We all Win!” will be conducted throughout the state to promote
financial literacy and motivate people to learn how to better manage their finances and achieve a bright
economic future.
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April 22 – 28, 2007 is National Credit Union Youth Week: “Stash Your Cash @ the Credit Union!” and
April 24, 2007 is the American Banker’s National Teach Children to Save Day: “Building Healthy
Financial Futures!”

Web buttons, banners, printable posters and other materials to support financial literacy are available on
the DFI Web site, http://www.dfi.ca.gov/cflm2007/default.asp.
DFI and Maniflo Money Exchange, Inc. Enter into
an Agreement
On March 15, 2007, the Commissioner of Financial Institutions entered into a settlement agreement with
Maniflo Money Exchange, Inc. (“Maniflo”), in which Maniflo agreed to pay $25,000 to the Department,
and the Commissioner agreed to take no further action with respect to alleged violations of the Financial
Code related to unauthorized agents and an unreported branch office relocation.
Commercial Bank Activity
New Bank
Banco del Tepeyac
2629 Clarendon Avenue, Huntington Park, Los Angeles County
Correspondent: Maryam Hamzeh
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Filed: 3/15/07
California Bank of Commerce
3595 Mt. Diablo Blvd., Lafayette, Contra Costa County
Correspondent: Maryam Hamzeh
Carpenter & Company
Five Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Approved: 3/23/07
Commerce Bank of Folsom
1710 Prairie City Road, Folsom, Sacramento County
(916) 850-1514
(916) 850-1516 (fax)
Officers: David L. Redman, President and Chief Executive Officer
Blair Weimer, Executive Vice President and Chief Lending Officer
Lesa A. Gall, Chief Financial Officer
Capitalization: $14,521,780.00
Website: http://www.cobankfolsom.com
Opened: 3/19/07
3 Monthly Bulletin March 2007
New Bank (Continued)
Feather River Bank
Gateway Business Park, 950 Tharp Road, Building 1200, Yuba City, Sutter County
Correspondent: Joseph D. Reid III
Capitol Bancorp Limited
200 Washington Square North
Lansing, MI 48933
(517) 487-6555
Filed: 2/27/07
Lighthouse Bank
Vicinity of Mission Street and Chestnut Street, City and County of Santa Cruz
Correspondent: James H. Avery
The Avery Company, LLC
P.O. Box 3009
San Luis Obispo, CA 93403
(805) 544-5477
Filed: 3/15/07
The Chinese American Bank, New York, New York, to merge with and into United Commercial Bank,
San Francisco, California
Approved: 3/16/07
United Heritage Bank, Edison, New Jersey, to merge with and into Cathay Bank, Los Angeles,
Approved: 3/27/07
Conversion to State Charter
Pacific Premier Bank, Costa Mesa, to convert from a federal savings bank charter under the same name
Effected: 3/30/07
Acquisition of Control
Redwood Capital Bancorp to acquire control of Redwood Capital Bank
Approved: 3/2/07
Richard Wayne Arendsee to acquire control of California Community Bank
Filed: 2/14/07
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Premium Finance Company Activity
New Premium Finance Company
Evergreen Premium Finance Corp.
2501 E. Chapman Avenue, Fullerton, Orange County
Approved: 3/13/07
Fulcrum Capital Strategies, Inc.
202 North Canon Drive, Beverly Hills, Los Angeles County
Approved: 3/26/07
21820 Burbank Boulevard, Woodland Hills, Los Angeles County
Approved: 3/13/07
Valley Premium Finance Company
2501 E. Chapman Avenue, Fullerton, Orange County
Opened: 3/6/07
Trust Company Activity
Voluntary Surrender of License
Western Financial Trust Company
Effected: 12/26/06
Foreign (Other Nation) Bank Activity
New Office
Lloyds TSB Offshore Limited
1800 Century Park East, City and County of Los Angeles (Representative Office)
Approved: 3/29/07
Royal Bank of Canada
610 Newport Center Drive, City of Newport Beach, Orange County (Representative Office)
Opened: 3/28/07
5 Monthly Bulletin March 2007
Foreign (Other State) Bank Activity
New Facility
Mizuho Corporate Bank (USA) (Facility – Insured Bank)
350 South Grand Avenue, City and County of Los Angeles
Notified: 3/21/07
Credit Union Activity
Field of Membership
Six credit unions received approvals to add 12 new fields of membership during February 2007.
Bylaw Amendment
Five credit union received approval for 5 bylaw amendments during February 2007.
Vaca Valley Federal Credit Union, Vacaville, to merge with and into 1st Pacific Credit Union, Vallejo
Filed: 2/9/07
Approved: 2/16/07
Transmitter of Money Abroad Activity
Acquisition of Control
Euronet Payments & Remittance, Inc., to acquire control of RIA Envia and Continental Exchange
Solutions, Inc.
Filed: 2/14/07
Approved: 3/23/07
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Voluntary Surrender of License
Pan Asian Currency Exchange Corporation
Effected: 3/20/07
Commissioner of Financial Institutions
Bulletin for Month ended
March 2007, issued pursuant
to Financial Code section 258
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