Monthly Bulletin Volume 01 Issue 04

Commissioner of Business Oversight Seal

Monthly Bulletin

Volume 01, Issue 04 – October 2013

DBO Hosts Small Business Lenders Conference in San Francisco on October 30

Building on the success of the June 13 Small Business Lenders Fair in Los Angeles, DBO hosted a conference for small business lenders and the state and federal loan guarantee programs at the Milton Marks Conference Center in the Hiram W. Johnson State Office Building in San Francisco, California on October 30. 

Our distinguished panel of speakers consisted of:

  • Emerson Hall, Community Affairs Officer for the Federal Deposit Insurance Corporation, San Francisco Region;
  • Teveia R. Barnes, Executive Director, California Infrastructure and Economic Development Bank;
  • Arthur Washington, President/CEO of Nor-Cal FDC;
  • Clifton Kellogg, Director of the State Small Business Credit Initiative at the U.S. Department of the Treasury;
  • Nancee Trombley, California Capital Access Program (CalCAP) Manager and Lead for the State Small Business Credit Initiative Act programs under the California Pollution Control Financing Authority; and
  • Mark Quinn, District Director, San Francisco District Office of the Small Business Administration.

Lenders learned the latest information about how to tap into the state and federal loan guarantee funds that are available and put them to work in their communities, including $168.6 million from the Small Business Jobs Act of 2010.  Attendees had the opportunity to network before and after the program and during the break. We are tentatively planning to host the third Small Business Lending Fair in Fresno in Spring 2014.


DBO Email Communications – Reminder

The Department of Business Oversight (DBO) has updated its email addresses to reflect the new Department’s name.  Please note that official emails from the DBO include the domain “” and update your records as needed.

The DBO Division of Financial Institution licensed banks, credit unions, money transmitters, and premium finance companies are required to review the security settings of their email accounts designated for communications with the Department and modify the settings as necessary to allow emails from the domain “,” as well as “”  Ensuring emails from the DBO are received in designated email accounts will maintain quick, consistent communication with the Department. Failure to ensure emails from the DBO designated e-mail accounts can result in your institution being subjected to penalties for not responding to important or time-sensitive information.

The DBO Division of Corporation licensees will receive further information in the near future regarding DBO electronic communications and emails.

If you have questions about this request, please contact Louise Amegin at (916) 327-8222 or

Commercial Bank Activity

Acquisition of Control

OCB Bancorp, requests DBO’s approval to acquire control of Ojai Community Bank, Ojai
Approved: 9/8/13


East West Bank, Pasadena, California, requests DBO’s approval to merge with Metro United Bank, San Diego, California, and MetroBank, National Association, Houston, Texas
Filed: 10/10/13

Wilshire State Bank, Los Angeles, requests DBO’s approval to merge with BankAsiana, Palisades Park, New Jersey
Effected: 10/1/13

Change of Name

Wilshire State Bank to change its name to Wilshire Bank
Effected: 10/4/13

Credit Union Activity


California Coast Credit Union, San Diego, requests DBO’s approval to merge with Ketema Federal Credit Union, El Cajon
Filed: 7/22/13

Credit Union of Southern California, Brea, requests DBO’s approval to merge with Golden West Cities Federal Credit Union, Garden Grove
Filed: 10/28/13

Mendo Lake Credit Union, Ukiah, requests DBO’s approval to merge with Fort Bragg Community Federal Credit Union, Fort Bragg
Effected: 10/1/13


One credit union received approval from DFI for a request for variance to sections of the California Code of Regulations during September 2013.

Foreign (Other Nation) Bank Activity

New Office Application

Bank Hapoalim B.M.
555 South Flower Street, Los Angeles, Los Angeles County (Representative Office)
Approved: 10/4/13

Money Transmitter Activity

New Money Transmitter Application for License

Ace Payment Services, Inc. (Originally applied as Ace Cash Express, Inc.)
License issued: 10/9/13

Standard Co. USA Inc. D/B/A Standard Express
Approved: 10/11/13

World First USA, Inc.
Approved: 8/15/13
License issued: 9/30/13

Commissioner of Business Oversight

Bulletin for Month ended October 2013, issued pursuant to Financial Code section 376

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