Right Column

2006 Notices

May 19, 2006

Warning - Renstone Cisco Group, A Bank of Cyprus Company - Supplemental Notice

A warning to cease and desist from doing business in California without a license from the Commissioner of Financial Institutions was issued to Renstone Cisco Group, A Bank of Cyprus Company, 19000 Von Karman Avenue, Irvine, CA, 92614. The unlicensed banking entity is "Renstone Cisco Group, A Bank of Cyprus Company." While CISCO Group is a legitimate subsidiary of the Bank of Cyprus, "Renstone Cisco Group" is not. The cease and desist letter is addressed to Mr. Kenneth Worth, who describes himself as "Vice President, Private Accounts Division," of "Renstone Cisco Group/Bank of Cyprus." Mr. Worth also appears to be operating in Irvine, though the Department’s investigation revealed that the purported street address for Renstone Cisco Group, A Bank of Cyprus Company, does not exist.

All persons who have communicated with Renstone Cisco Group, A Bank of Cyprus Company, are asked to contact the Department of Financial Institutions, Legal Division, Sacramento, at (916) 322-5983.