GBC Holdings, Inc., parent of Guaranty Bank of California, Los Angeles, CA, received regulatory approval to acquire Sincere Federal Savings Bank, San Francisco, CA. Terms were not disclosed. As of year end 2004 Guaranty Bank had $150 million in assets, $14 million in stockholders’ equity, and five banking offices in Los Angeles (4) and Orange (1) Counties. Sincere Federal had $54 million in assets, $7 million in stockholders’ equity, and two offices in San Francisco’s Chinatown district. The Carson Medlin Company initiated this transaction and served as financial advisor to Sincere Federal.