DFI Monthly Bulletin – December 2007

Dec 1, 2007

Volume 11, Number 6

Reminder Notice to Banks and Trust Companies for IT Surveys

On November 5, 2007, the California Department of Financial Institutions (DFI) sent out an IT Survey
to all banks and trust companies licensed by us requesting this document to be returned no later than
December 14, 2007. The DFI has received most of the Surveys; however, there are still several
financial institutions that have not met the deadline. Although the holidays may have impacted your
ability to return the Survey, it is imperative that this document be completed and sent to the DFI as soon
as possible. As a reminder, the DFI requests a hard copy of the IT Survey signed by the appropriate
senior official to be mailed to the Los Angeles Office, attention Robert J. Lipot.
Should you have any questions regarding this Survey, please contact Senior IT Examiner Robert J. Lipot
in our Los Angeles office at (213) 897-2978, extension 3, or by email at HURLipot@dfi.ca.govUH .
Thank you for your time and attention to this important survey.
Change of Primary Contact for Premium Finance
Company Licensing and Regulation
Please be advised that as of January 1, 2008, the Department’s primary contact person for matters
involving the licensing and regulation of premium finance companies will be:
Patrick Lum, Senior Financial Institutions Examiner
Department of Financial Institutions
1810 13th Street
Sacramento, CA 95811
Phone: (916) 323-7013 Fax: (916) 323-3024
E-mail: Patrick Lum, HUplum@dfi.ca.govU
2 Monthly Bulletin December 2007
Commercial Bank Activity
UNew Bank
California Republic Bank
1400 Newport Center Drive, Newport Beach, Orange County
Robert P.Bulseco, Chief Executive Officer
Jon Wilcox, President & Chief Operating Officer
John DeCero, Vice Chairman
Andrew Reid, Executive Vice President & Chief Financial Officer
Mark R. Rebal, Executive Vice President & Chief Credit Officer
Website: HUwww.crbnk.comU
Capitalization: $52,000,000
Opened: December 5, 2007
Royal Business Bank
Vicinity of Figueroa Street and Wilshire Boulevard, City and County of Los Angeles
Correspondent: James H. Avery
The Avery Company LLC
P.O. Box 3009
San Luis Obispo, CA 93403
(805) 544-5477
Filed: 12/10/07
Valley Republic Bank
5000 California Avenue, Bakersfield, Kern County
Correspondent: Maryam Hamzeh
Carpenter & Company
5 Park Plaza, Suite 950
Irvine, CA 92614
(949) 261-8888
Filed: 12/13/07
UAcquisition of Control
Hana Financial Group Inc. to acquire control of Commonwealth Business Bank
Filed: 10/24/07
Approved: 12/4/07
UPurchase of Partial Business Unit
County Bank, Merced, California, to acquire the California branches of National Bank of Arizona,
Tucson, Arizona
Effected: 11/2/07
3 Monthly Bulletin December 2007
Industrial Bank Activity
UConversion to State Charter
Home Bank of California, Tustin, to convert to a state-chartered commercial bank
Approved: 12/10/07
Silvergate Bank, La Jolla, to convert to state-chartered commercial bank
Filed: 11/5/07
Premium Finance Company Activity
UAcquisition of Control
Spectrum Equity Investors, to acquire control of AGIA Premium Finance Company, Inc.
Filed: 12/31/07
Foreign (Other Nation) Bank Activity
UNew Office
Caixa de Aforros de Vigo, Ourense e Pontevedra (“Caixanova”)
In the vicinity of Los Angeles, Los Angeles County
(Limited Branch Office)
Filed: 12/20/07
Foreign (Other State) Bank Activity
UNew Facility
Modern Bank, N.A.
9595 Wilshire Blvd., Suite 955, Beverly Hills (Los Angeles County)
Notified: 12/3/07
Credit Union Activity
UField of Membership
Two credit unions received approvals to add five new fields of membership during November 2007.
UBylaw Amendment
One credit union received approval for one bylaw amendments during November 2007.
4 Monthly Bulletin December 2007
Butte County Postal Employees Credit Union, Chico, with and into Butte Federal Credit Union, Oroville
Effected: 11/29/07
Commerce Federal Credit Union, Commerce, to merge with and into E-Central Credit Union, Pasadena
Filed: 12/4/07
Golden Bay Federal Credit Union, Moffitt Field, with and into Meriwest Credit Union, San Jose
Filed: 8/13/07
Approved: 8/20/07
Effected: 11/1/07
Great American Credit Union, San Diego, to merge with into Wescom Central Credit Union, Pasadena
Effected: 11/30/07
Monterey Columbian Federal Credit Union, Monterey, with and into Monterey County Employees
Credit Union, Salinas
Filed: 11/9/07
Approved: 11/19/07
SGV Water Company Federal Credit Union, El Monte, to merge with and into El Monte City
Employees Credit Union, El Monte
Filed: 8/1/07
Approved: 8/17/07
Effected: 11/29/07
United Mutual Employees Federal Credit Union, Richmond, to merge with and into First Metropolitan
Credit Union, Concord
Effected: 8/24/07
Vaca Valley Federal Credit Union, Vacaville, with and into 1st Pacific Credit Union, Vallejo
Effected: 7/23/07
Transmitter of Money Abroad Activity
UNew Transmitter
Intermex Wire Transfer Corp.
Approved: 12/14/07
UChange of Name
RCBC California, Inc., to RCBC North America, Inc.
Effected: 11/7/07
5 Monthly Bulletin December 2007
Payment Instrument Activity
UNew Payment Instrument
Fidelity Express
Filed: 11/27/07
Interim Commissioner of Financial Institutions
Bulletin for Month ended
December 2007, issued pursuant
to Financial Code section 258
The Monthly Bulletin is available without charge via e-mail. To subscribe, go to HUhttp://www.dfi.ca.gov/bulletin/subscription/public.aspUH. To
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