State of California

Department of Financial Institutions

http://www.dfi.ca.gov


Monthly Bulletin


Volume 3, Number 7

January, 2000


Examiner Awarded by Education Foundation of State Bank Supervisors

Acting Commissioner, Jan Lynn Owen is pleased to announce that Scott Harris has received the Examiner Advanced Training Award and Samuel E. Weinrott Memorial Scholarship awarded by the Education Foundation of State Bank Supervisors. Mr. Harris is a Senior Financial Institutions Examiner in our Sacramento office. He has been with the Department since 1984.

The Examiner Advanced Training Award and Samuel E. Weinrott Memorial Scholarship is a program authorized by the Board of Directors of the Conference of State Bank Supervisors (CSBS) in 1972 to recognize and reward outstanding examiners. The program encourages and assists qualified examiners by preparing them for positions of greater responsibility. It broadens their understanding of banking or trust operations by exposing them to the complex and rapidly changing issues facing the industry.

The Award and Scholarship program provides examiners with the opportunity to attend one of seven graduate banking schools or one of two graduate trust schools. Candidates for the Award and Scholarship are asked to complete a nomination form which includes an essay on one of several topics of current relevance to the banking industry. Mr. Harris completed his nomination without assistance from anyone in the Department. The form was submitted to the Education Foundation of State Bank Supervisors and was judged by a panel on content, composition, and writing skills. Mr. Harris was selected from a group of nominees from throughout the country to receive the Award and Scholarship.

Throughout his career with the Department, Mr. Harris has demonstrated his abilities in all areas of examination and his willingness to accept challenging assignments to further his development.

The Department is very proud of Mr. Harris’ accomplishment and wishes him success in completing the graduate banking school program he chooses to attend. At this time Mr. Harris has not made a decision on which program he will be attending, but has indicated that he has narrowed the choices to Pacific Coast Banking School (PCBS) in Seattle, Washington or Colorado School of Banking in Boulder, Colorado.

Monthly Activity Report

Commercial Bank Activity

New Bank

HERITAGE BANK SOUTH VALLEY
18625 Sutter Drive, City of Morgan Hill, County of Santa Clara (95037)
Opened: 1/14/2000
Brad L. Smith, Chairman of the Board, Chief Executive Officer & President
Larry L. Koch, Senior Loan Officer
Capitalization: $7,000,000
Phone: (408) 778-2320

Conversion to State Charter

Pacific Crest Bank, Agoura Hills, to convert from a state chartered thrift and loan company to a state chartered bank under the name Pacific Crest Bank
Effected: 12/15/1999

Mergers

American International Bank, Los Angeles with and into East-West Bank, San Marino
Approved: 1/6/2000
Effected: 1/14/2000

Century Bank, Beverly Hills, with and into First Bank & Trust, Newport Beach
Effected: 12/31/1999

Sale of Branch Office

Heritage Bank of Commerce, San Jose, to sell to Heritage Bank South Valley, Morgan Hill, the Morgan Hill Branch Office located at 18625 Sutter Drive, Morgan Hill
Effected: 1/14/2000

Trust Company Activity

Merger

J.P. Morgan California, Los Angeles, California with and into J.P. Morgan FSB, Palm Beach, Florida
Effected: 10/1/1999

Industrial Loan Company Activity

Foreign (Other State) Industrial Loan Company – To Establish Facility

Advanta Bank Corp, Draper, Utah
770 East Shaw Avenue, Suite 312, City and County of Fresno
(Facility – Insured Industrial Loan Company)
Open: 1/13/2000
Contact Person: Jill Jacobsen
Phone: (559) 244-5660

Credit Union Activity

Conversion to State Charter

Providence First Federal Credit Union, Burbank to convert to state charter under the name Providence First Credit Union
Approved: 1/10/2000

Travis Federal Credit Union, Vacaville, to convert to state charter under the name Travis Credit Union
Approved: 12/27/1999

Merger

Levis Strauss Employees Federal Credit Union, San Francisco with and into Patelco Credit Union, San Francisco
Filed: 1/20/2000

Payment Instruments Activity

New Payment Instruments

Aguila Financial Corporation
Approved:  12/6/99

 

 

JAN LYNN OWEN
Acting Commissioner of Financial Institutions


Bulletin for Month ended
January 2000, issued pursuant
to Financial Code, Section 258