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.
For a link to the agenda, speakers’ bios and presentations click here.
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 “@dbo.ca.gov” 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 “@dbo.ca.gov,” as well as “CADBOSubscriptions@Service.GovDelivery.com.” 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 firstname.lastname@example.org.
Commercial Bank Activity
Acquisition of Control
OCB Bancorp, requests DBO’s approval to acquire control of Ojai Community Bank, Ojai
East West Bank, Pasadena, California, requests DBO’s approval to merge with Metro United Bank, San Diego, California, and MetroBank, National Association, Houston, Texas
Wilshire State Bank, Los Angeles, requests DBO’s approval to merge with BankAsiana, Palisades Park, New Jersey
Change of Name
Wilshire State Bank to change its name to Wilshire Bank
Credit Union Activity
California Coast Credit Union, San Diego, requests DBO’s approval to merge with Ketema Federal Credit Union, El Cajon
Credit Union of Southern California, Brea, requests DBO’s approval to merge with Golden West Cities Federal Credit Union, Garden Grove
Mendo Lake Credit Union, Ukiah, requests DBO’s approval to merge with Fort Bragg Community Federal Credit Union, Fort Bragg
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)
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
World First USA, Inc.
License issued: 9/30/13
Commissioner of Business Oversight
Bulletin for Month ended October 2013, issued pursuant to Financial Code section 376
The Monthly Bulletin is available without charge via e-mail. To subscribe, go to: http://www.dbo.ca.gov/Resources/subscription.asp
1515 K Street, Suite 200
1810 13th Street
One Sansome Street, Suite 600
45 Fremont Street, Suite 1700
320 West 4th Street, Suite 750
300 S. Spring Street, Suite 15513
1350 Front Street, Room 2034
7575 Metropolitan Drive, Suite 108
Department of Business Oversight Consumer Services Office – 1(866) 275-2677