State of California
|Gray Davis, Governor||
Business Transportation and
DFI Endorses FDIC Goals to Make Financial Literacy a National Priority
Some of the features that have made Money Smart popular are:
DFI licensees are encouraged to obtain more information about this initiative by visiting the FDICs Web site at http://www.fdic.gov/news/news/press/2002/pr6602.html.
Assessment Rates to be Set after the Budget is Signed
We have been evaluating licensees total assets and the estimated cost of administering the Department to determine the assessment rates for the coming fiscal year. However, the rates cannot be set until the State Budget has passed the Legislature and been signed by the Governor.
Assessment invoices will be sent out as soon as that occurs and will be due thirty days from that date. For more information, please contact Patrick Carroll at (415) 263-8559 or by e-mail at firstname.lastname@example.org.
Questions and Answers
We have received a number of questions from licensees about how to comply with the request that was published in the May 2002 issue of the Monthly Bulletin for board resolutions pertaining to personnel policies and business resumption plans in light of the September 11 event. To assist our licensees in complying with the directive, we have compiled some of the questions and our responses in the following table:
For more information, please contact Peter Van Hoecke, at (916) 322-1571.
Monthly Activity Report
Commercial Bank Activity
Capitol Valley Bank, Roseville, with and into Humboldt Bank, Eureka
Chinatrust Savings Bank of Washington (In Organization), Bellevue, with and into
Chinatrust Bank (U.S.A.), Torrance
First Western Bank, Simi Valley, with and into Union Bank of California, N. A., San
Kerman State Bank, Kerman, with and into Westamerica Bank, San Rafael
Palomar Community Bank, Escondido, with and into Redlands Centennial Bank, Redlands.
Tehama Bank, Red Bluff, with and into Humboldt Bank, Eureka
Conversion to Commercial Bank
Imperial Capital Bank, La Jolla
Purchase of Partial Business Unit
Bank of Agriculture & Commerce, Stockton, to acquire the Concord and Antioch
Branches of City National Bank, Beverly Hills
Central California Bank, Sonora, to acquire Sonora Main, Junction, Twain Harte and
Columbia Branches and Arnold place of business of Western Sierra National Bank, Cameron
First Bank & Trust, San Francisco, to acquire the Denton and Garland Branches of
Jefferson Heritage Bank, Denton, Texas, and Union Planters Bank N.A., Memphis, Tennessee
(Jefferson Heritage Bank, Denton, Texas, merged with and into Union Planters Bank N.A., Memphis, Tennessee, immediately prior to the transaction.)
Gateway Business Bank, Lakewood, to acquire the Laguna Hills Branch of eosbank, San
Industrial Bank Activity
Sale of Partial Business Unit
Fremont Investment and Loan, Anaheim, to sell the Glendale Branch to Jackson Federal
Premium Finance Company Activity
New Premium Finance Company
Blackhorse Premium Finance Corp
2501 East Chapman Avenue, Suite 100, Fullerton, Orange County
Foreign (Other Nation) Bank Activity
Sale of Partial Business Unit
Banca di Roma, to sell the San Francisco depositary agency to Minghetti Finanziaria
S.p.A.(which will change its name to Banca di Roma S.p.A. effective July 1, 2002)
Minghetti Finanziaria S.p.A. (which will change its name to Banca di Roma S.p.A.
effective July 1, 2002)
One Market Street, Stewart Tower, Suite 1000, San Francisco, San Francisco County (Depositary Agency)
725 South Figueroa Street, Los Angeles, Los Angeles County (Representative Office)
Discontinuance of Office
725 South Figueroa Street, Los Angeles, Los Angeles County (Wholesale Branch)
Foreign (Other State) Bank
Discontinuance of Facility
Sunrise Bank of Arizona
4570 Executive Drive, San Diego, San Diego County
Credit Union Activity
Electrical Workers Local #180 Federal Credit Union, Napa, into 1st Pacific
Credit Union, Vallejo
Field of Membership
Twenty one credit unions received approvals to add 48 new fields of membership during May 2002.
Two credit unions received approvals for two bylaw amendments during May 2002.
Transmitters of Money Abroad Activity
DONALD R. MEYER
Commissioner of Financial Institutionss
Bulletin for month ended
June 2002, issued pursuant
to Financial Code, Section 258
The Monthly Bulletin is available without charge via email as a PDF attachment. To subscribe, pleasesend e-mail with your name, e-mail address, and company name and phone number to email@example.com.
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