DFI Monthly Bulletin – February 2010

Monthly Bulletin

Volume 13, Issue 8 – February 2010

DFI Issues Warning Notice – FOX BANK

A warning to Cease and Desist from doing business in the State of California without a license from the Commissioner of Financial Institutions was issued on March 3, 2010 to FOX BANK, operating at 17415 Catalpa Street, Suite 7, Hesperia, California 92345 and at the Herreman Law Firm, 41707 Winchester Road, Suite #101, Temecula, California 92563.

FOX BANK is not authorized to engage in the banking or trust business, nor is it authorized to transact business under a name which contains the word “bank” and which indicates the business is that of a bank pursuant to Chapter 6 of Division 1 of the California Financial Code.  All persons who have communicated with Fox Bank at the above addresses, or with Richard Hall, the purported President, are asked to contact the Department of Financial Institutions, Legal Division, Los Angeles, CA at (213) 897-2160.

Commercial Bank Activity

New Bank

First Republic Bank
111 Pine Street, City and County of San Francisco
Correspondent: David F. Freeman, Jr.
Arnold & Porter LLP
555 Twelfth Street, NW
Washington, DC 20004
(202) 942-5745
Approved: 2/10/10

Conversion to State Charter

Bay Cities National Bank, Redondo Beach, to convert to state-chartered commercial bank under the name of Opus Bank
Filed: 2/9/10

Acquisition of Control

Charles W. Reinking, to acquire control of Exchange Bank
Filed: 2/22/10
Approved: 2/25/10

Jenq Horng Chen, to acquire control of Golden Coast Bank, Long Beach
Filed: 2/11/10

Tze-Yun Chen, to acquire control of Golden Coast Bank, Long Beach
Filed: 1/27/10

Sequoia Acquisition, Inc. to acquire control of First Republic Bank division of Bank of America, National Association, Charlotte, North Carolina
Approved: 2/10/10


Community Banks of Northern California, Tracy, California, to merge with and into Community Banks of Colorado, Greenwood Village, Colorado
Effected: 2/28/10

Industrial Bank Activity

Acquisition of Control

First American Financial Corporation, to acquire control of First Security Business Bank
Approved: 2/11/10

Premium Finance Company Activity

New Premium Finance Company

Pacific Premium Financing Specialists, Inc.
Approved: 2/4/10

Western Premium Finance, Inc.
Filed: 2/23/10

Credit Union Activity


WestWorks Credit Union, Alhambra, to merge with and into Credit Union of Southern California, Brea
Effected: 12/31/09

Change of Name

El Monte City Employees Credit Union, to change its name to El Monte Community Credit Union
Effected: 12/7/09

Foreign (Other Nation) Bank Activity

Change of Name

ABN AMRO Bank N.V., to change its name to The Royal Bank of Scotland N.V.
Effected: 2/6/10

Foreign (Other State) Bank Activity

New Facility

Meadows Bank (Facility – Insured Bank)
7485 Rush River Drive, Sacramento, Sacramento County
Opened: 2/1/10

Transmitter of Money Abroad Activity

New Transmitter

Golden Money Transfer, Inc.
Approved: 2/25/10

Acquisition of Control

Money Transfer Acquisition , Inc. to acquire control of Dolex Dollar Express, Inc.
Approved: 2/25/10

Voluntary Surrender of License

Alante Financial Corp.
Effected: 2/3/10

Issuer of Travelers Checks Activity

Voluntary Surrender of License

Travellers Cheque Associates, Ltd.
Effected: 2/24/10

Commissioner of Financial Institutions

Bulletin for Month ended
February 2010, issued pursuant
to Financial Code section 258

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