SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, DC 20549



          Quarterly Report Under Section 13 or 15(d)
            of The Securities Exchange Act of 1934


For Quarter Ended September 30, 2000 Commission file number 0-16213
-------------------------------------------------------------------


                        GBC BANCORP
-------------------------------------------------------------------
(Exact name of registrant as specified in its charter)


         California                               95-3586596
-------------------------------------------------------------------
(State or other jurisdiction of      (I.R.S.Employer Identification
 incorporation or organization)       No.)


  800 West 6th Street, Los Angeles,             California  90017
-------------------------------------------------------------------
(Address of principal executive offices)            (Zip code)


Registrant's telephone number, including area code  213/972-4172
-------------------------------------------------------------------
Former  name  address and former fiscal year, if changed since
last report.


      Indicate by check mark whether the registrant (1)  has
filed  all  reports required to be filed by  Section  13  or
15(d)  of  the  Securities Exchange Act of 1934  during  the
preceding  12  months (or for such shorter period  that  the
registrant was required to file such reports), and  (2)  has
been  subject to such filing requirements for  the  past  90
days.

Yes    X        No
    --------       --------

      Indicate the number of shares outstanding of  each  of
the issuer's classes of common stock, as of the close of the
period covered by this report.

      Common  stock, no par value, 11,537,427 shares  issued
and outstanding as of September 30, 2000.








                      TABLE OF CONTENTS
                      -----------------


PART I   - FINANCIAL INFORMATION ..................................  3

 Item 1.   Financial Statements ...................................  4

 Item 2.   Management's Discussion and Analysis of Financial
           Condition and Results of Operations ....................  9


PART II  - OTHER INFORMATION ...................................... 37

 Item 1.   Legal Proceedings ...................................... 38

 Item 2.   Changes In Securities .................................. 38

 Item 3.   Default Upon Senior Securities ......................... 38

 Item 4.   Submission Of Matters To A Vote Of Securities Holders... 38

 Item 5.   Other Information ...................................... 38

 Item 6.   Exhibits And Reports On Form 8-K ....................... 38


PART III - SIGNATURES ............................................. 39














               PART I - FINANCIAL INFORMATION



















                         GBC BANCORP AND SUBSIDIARIES
                         CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                 September 30,    December 31,
(Dollars In Thousands)                               2000             1999
------------------------------------------------------------------------------
<S>                                               <C>             <C>
Assets

Cash and Due From Banks                            $    48,366     $    26,120
Federal Funds Sold and Securities Purchased
 Under Agreements to Resell                            176,500          80,000
                                                   -----------     -----------
Cash and Cash Equivalents                              224,866         106,120

Securities Available for Sale at Fair Value
 (Amortized Cost of $849,244 and $697,300
  at September 30, 2000 and December 31, 1999,
  respectively)                                        854,891         683,017
Securities Held to Maturity (Fair Value of
 $1,036 and $1,241 at September 30, 2000
 and December 31, 1999, respectively)                    1,097           1,300
Trading Securities                                         253           1,114
Loans and Leases                                       953,264         925,957
Less: Allowance for Credit Losses                      (21,018)        (19,808)
      Deferred Loan Fees                                (4,029)         (4,149)
                                                   -----------     -----------
Loans and Leases, Net                                  928,217         902,000
Bank Premises and Equipment, Net                         5,495           5,435
Other Real Estate Owned, Net                               663           8,170
Due From Customers on Acceptances                        9,248           7,197
Real Estate Held for Investment                          4,250           5,522
Other Investments                                       15,519           9,801
Accrued Interest Receivable and Other Assets            14,032          14,524
                                                   -----------     -----------
 Total Assets
                                                   $ 2,058,531     $ 1,744,200
                                                   ===========     ===========


Liabilities and Stockholders' Equity

Deposits:
 Demand                                            $   200,183     $   174,753
 Interest Bearing Demand                               476,714         323,451
 Savings                                                68,010          78,050
 Time Certificates of Deposit of $100,000
  or More                                              818,058         712,398
 Other Time Deposits                                   189,507         202,159
                                                   -----------     -----------
Total Deposits                                       1,752,472       1,490,811

Forward Sales Equity Securities                              -             828
Borrowings from the Federal Home Loan Bank              50,000          50,000
Subordinated Debt                                       39,105          39,007
Acceptances Outstanding                                  9,248           7,197
Accrued Expenses and Other Liabilities                  30,601          23,319
                                                   -----------     -----------
Total Liabilities                                    1,881,426       1,611,162

Stockholders' Equity:
 Common Stock, No Par or Stated Value;
  40,000,000 Shares Authorized;
  11,537,427(net of 71,007 shares held
  in trust) and 11,523,019 Shares
  Outstanding at September 30, 2000
  and December 31, 1999, respectively              $    61,260     $    57,289
 Retained Earnings                                     111,010          84,035
 Accumulated Other Comprehensive Gain (Loss)             3,264          (8,286)
Shares Held in Trust for Deferred Compensation           1,571               -
                                                   -----------     -----------
Total Stockholders' Equity                             177,105         133,038
                                                   -----------     -----------

Total Liabilities and Stockholders' Equity         $ 2,058,531     $ 1,744,200
                                                   ===========     ===========

See Accompanying Notes to Consolidated Financial Statements

</TABLE>




                              GBC BANCORP AND SUBSIDIARIES
                            CONSOLIDATED STATEMENTS OF INCOME

<TABLE>
<CAPTION>

                                             For the Three Months Ended    For the Nine Months Ended
                                                    September 30,                 September 30,
(In Thousands, Except Per Share Data)             2000          1999            2000          1999
----------------------------------------------------------------------------------------------------

<S>                                         <C>           <C>             <C>           <C>

INTEREST INCOME
 Loans and Leases, Including Fees            $    25,834   $    20,887     $    75,077   $    58,652
 Securities Available for Sale                    13,807        11,745          38,261        34,027
 Securities Held to Maturity                          17            26              56           423
 Federal Funds Sold and Securities
  Purchased under Agreements to Resell             2,404           460           6,287         2,471
 Other                                                 3             1              12             3
                                             -------------------------------------------------------
Total Interest Income                             42,065        33,119         119,693        95,576

INTEREST EXPENSE
 Interest Bearing Demand                           3,717         2,032           9,956         5,419
 Savings                                             437           481           1,399         1,332
 Time Certificates of Deposits of
 $100,000 or More                                 11,614         7,865          31,049        22,435
 Other Time Deposits                               2,587         2,362           7,390         7,832
 Federal Funds Purchased and Securities
  Sold under Repurchase Agreements                    13            43              47            68
 Borrowings from the Federal Home Loan
  Bank                                               620           620           1,845         1,736
 Subordinated Debt                                   870           870           2,611         2,611
                                             -------------------------------------------------------
Total Interest Expense                            19,858        14,273          54,297        41,433


Net Interest Income                               22,207        18,846          65,396        54,143
(Benefit)Provision for Credit Losses               1,000         1,500            (500)        3,500
                                             -------------------------------------------------------
Net Interest Income after Provision
 for Credit Losses                                21,207        17,346          65,896        50,643

NON-INTEREST INCOME
 Service Charges and Commissions                   2,041         1,987           6,276         5,434
 Gain on Sale of Loans, Net                            3             9               8           120
 Gain on Sale of Fixed Assets                          -             -               7            22
 Trading Account(Loss)Revenue                       (226)            -           7,806             -
 Income from Other Investments                       658             -             376             -
 Other                                               144           164             272           379
                                             -------------------------------------------------------
Total Non-Interest Income                          2,620         2,160          14,745         5,955

NON-INTEREST EXPENSE
 Salaries and Employee Benefits                    5,698         5,026          16,876        14,461
 Occupancy Expense                                   807           818           2,484         2,391
 Furniture and Equipment Expense                     502           452           1,506         1,522
 Loss on Sale of Securities
  Available for Sale                                   -             -             104             -
 Net Other Real Estate Owned Income               (1,447)         (579)         (1,138)         (805)
 Other                                             1,961         1,713           5,698         5,237
                                             -------------------------------------------------------
Total Non-Interest Expense                         7,521         7,430          25,530        22,806

Income before Income Taxes                        16,306        12,076          55,111        33,792
Provision for Income Taxes                         6,234         4,584          21,314        12,719
                                             -------------------------------------------------------
Net Income                                   $    10,072   $     7,492     $    33,797   $    21,073
                                             =======================================================

Earnings Per Share:
 Basic                                       $      0.87   $      0.64     $      2.93   $      1.65
 Diluted                                            0.85          0.62            2.87          1.62
                                             =======================================================

Weighted Average Basic Shares
 Outstanding                                  11,569,516    11,772,330      11,535,268    12,740,335
                                             =======================================================

Weighted Average Diluted Shares
 Outstanding                                  11,889,530    12,012,477      11,780,917    12,983,954
                                             =======================================================

See Accompanying Notes to Consolidated Financial Statements

</TABLE>







                                  GBC BANCORP AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>

(In Thousands, Except per Share Amounts)
                                                                              Accumulated
                                                                               Other                           Total
                                               Common Stock        Retained   Comprehensive  Comprehensive  Stockholders'
                                             Shares     Amount     Earnings    Income (Loss)  Income (Loss)    Equity
-----------------------------------------------------------------------------------------------------------------------

<S>                                         <C>        <C>        <C>         <C>            <C>             <C>

Balance at December 31, 1998
----------------------------                 $ 13,712   $ 56,303   $ 104,898   $  1,829                       $ 163,030
Comprehensive Income
 Net Income for the year                                              29,988                  $  29,988          29,988
                                                                                              ---------
 Other Comprehensive Income, Net
  of Tax
  Net Changes in Securities Valuation
  Allowance                                                                     (10,115)        (10,115)        (10,115)
                                                                                              ---------
Comprehensive Income                                                                          $  19,873
                                                                                              =========
Stock Options Exercised                            73        664                                                    664
Tax Benefit-Stock Options Exercised                          322                                                    322
Stock Repurchase                               (2,262)               (46,817)                                   (46,817)
Cash Dividend - $.33 per Share                                        (4,034)                                    (4,034)
                                             -------------------------------------------                      ----------
Balance at December 31, 1999
----------------------------                 $ 11,523   $ 57,289   $  84,035   $ (8,286)                      $ 133,038
                                             ===========================================                      =========
Comprehensive Income
 Net Income for the year                                              33,797                  $  33,797          33,797
 Other Comprehensive Income, Net
  of Tax
  Net Changes in Securities
  Valuation Allowance                                                            11,550          11,550          11,550
                                                                                              ---------
Comprehensive Income                                                                          $  45,347
                                                                                              =========
Stock Issued for Executive
 Compensation                                     114      2,401                                                  2,401
Stock Held by Executive
 Obligation Trust                                 (71)    (1,571)      1,571                                          -
Stock Options Exercised                           131      2,346                                                  2,346
Tax Benefit-Stock Options Exercised                          795                                                    795
Stock Repurchase                                 (160)                (3,473)                                    (3,473)
Cash Dividend- $.29 per Share                                         (3,349)                                    (3,349)
                                             -------------------------------------------                      ----------
Balance at September 30, 2000                $ 11,537   $ 61,260   $ 112,581   $  3,264                       $ 177,105
                                             ==========================================                       =========

</TABLE>



<TABLE>
<CAPTION>

Disclosure of Reclassification Amount:                                   For the Nine Months                 For the Year
                                                                       Ended September 30,2000          Ended December 31, 1999


<S>                                                                           <C>                            <C>

Net Change of Unrealized Gains (Losses)
 Arising During Period, Net of Tax
  Expense (Benefit) of $8,425, ($7,655)
  in 2000 and 1999, respectively                                               $ 11,490                       $ (10,550)
Less: Reclassification Adjustment for Losses
 Included in Net Income, Net of Tax
 (Expense) Benefit of $44 and $316 in
 2000 and 1999, respectively                                                         60                             435
                                                                               --------                       ---------
Net Change of Unrealized (Losses) Gains on
 Securities Net of Tax (Benefit ) Expense of
 $8,381 and ($7,339) in 2000 and 1999,
 respectively.                                                                 $ 11,550                       $ (10,115)
                                                                               ========                       ==========
See Accompanying Notes to Consolidated Financial Statements

</TABLE>







                              GBC BANCORP AND SUBSIDIARIES
                         CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>


                                             For the Nine Months Ended September 30,
------------------------------------------------------------------------------------
(In Thousands)                                         2000            1999
------------------------------------------------------------------------------------
<S>                                                <C>             <C>

Operating Activities:
Net Income                                          $   33,797      $   21,073
Adjustments to Reconcile Net Income to
 Net Cash Provided by Operating
 Activities:
Depreciation                                             1,054             942
Net (Accretion)/Amortization of Premiums
 on Securities                                            (304)          1,037
Net Unrealized Holding Gains on Trading
 Securities and Liabilities                                948               -
Proceeds from Sale of Trading Securities                10,322               -
Gain on Sale of Trading Securities                      (8,754)              -
Cash Purchases of Trading Securities                      (200)              -
Accretion of Discount on Subordinated
 Notes                                                      98              98
Writedown on Real Estate Held for
 Investment                                              1,272           1,087
(Benefit)Provision for Credit Losses                      (500)          3,500
Provision for Losses on Other Real
 Estate Owned                                              389             900
Amortization of Deferred Loan Fees                      (2,799)         (3,454)
Loss on Sale of Securities Available
 for Sale                                                  104               -
Gain on Sale of Other Real Estate Owned                 (1,593)         (2,302)
Gain on Sale of Fixed Assets                                (7)            (22)
Net (Increase)/Decrease in Accrued
 Interest Receivable and Other Assets                   (6,820)         (6,601)
Net Increase/(Decrease) in Accrued
 Expenses and Other Liabilities                            255         (29,112)
Other, net                                                   1             348
                                                    ----------      ----------
Net Cash Provided (Used) by Operating
 Activities                                         $   27,263      $  (12,506)
                                                    ----------      ----------
Investing Activities:
Purchases of Securities Available for
 Sale                                                 (233,251)       (256,267)
Proceeds from Maturities of Securities
 Available for Sale                                     74,945         233,103
Proceeds from Maturities of Securities
 Held to Maturity                                          203          23,224
Proceeds from Sales of Securities
 Available for Sale                                      6,762               -
Net Increase in Loans and Leases                       (22,939)       (142,249)
Proceeds from Sales of Other Real
 Estate Owned                                            8,733           7,954
Capitalized Costs of Other Real
 Estate Owned                                                -            (322)
Purchases of Premises and Equipment                     (1,114)           (870)
Proceeds from Sales of Bank Premises
 and Equipment                                               8              27
                                                    ----------      ----------
Net Cash Used by Investing Activities                 (166,653)       (135,400)
                                                    ----------      ----------
Financing Activities:
Net Increase in Demand, Interest Bearing
 Demand and Savings Deposits                           168,653          55,346
Net Increase in Time Certificates of
 Deposit                                                93,008          30,969
Net Increase in Federal Funds Purchased
 and Securities Sold Under Agreements
 to Repurchase                                               -          15,000
Net Increase in Borrowings from the
 Federal Home Loan Bank                                      -          15,000
Stock Repurchase Program                                (3,473)        (46,782)
Cash Dividends Paid                                     (3,226)         (2,990)
Proceeds from Exercise of Stock Options                  2,345             451
Issuance of Stock                                          829               -
                                                    ----------      ----------
Net Cash Provided by Financing Activities              258,136          66,994
                                                    ----------      ----------

Net Change in Cash and Cash Equivalents                118,746         (80,912)
Cash and Cash Equivalents at Beginning
 of Period                                             106,120         128,514
                                                    ----------      ----------
Cash and Cash Equivalents at End of
 Period                                             $  224,866      $   47,602
                                                    ==========      ==========
Supplemental Disclosures of Cash Flow
 Information:
 Cash Paid During This Period for:
  Interest                                          $   53,536      $   41,405
  Income Taxes                                          19,872          11,363
                                                    ==========      ==========
Noncash Investing Activities:
 Loans Transferred to Other Real
  Estate Owned at Fair Value                        $       21      $    8,772
 Loans to Facilitate the Sale of
  Other Real Estate Owned                                    -             313
                                                    ==========      ==========

See Accompanying Notes to Consolidated Financial Statements

</TABLE>











                GBC Bancorp and Subsidiaries


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
------------------------------------------------------

       In   the  opinion  of  management,  the  consolidated
financial  statements  of GBC Bancorp and  its  subsidiaries
(the  "Company") as of September 30, 2000 and the three  and
nine  months ended September 30, 2000 and 1999, reflect  all
adjustments   (which  consist  only  of   normal   recurring
adjustments)  necessary for a fair presentation.   Operating
results for the nine months ended September 30, 2000 are not
necessarily  indicative of the results that may be  expected
for  the full year ending December 31, 2000.  In the opinion
of  management,  the  aforementioned consolidated  financial
statements   are  in  conformity  with  generally   accepted
accounting principles.


Earnings Per Share
------------------

      Basic earnings per share is determined by dividing net
income  by  the  average number of shares  of  common  stock
outstanding, while diluted earnings per share is  determined
by  dividing net income by the average number of  shares  of
common stock outstanding adjusted for the dilutive effect of
common stock equivalents.

Consolidated Statements of Cash Flows
-------------------------------------

      Cash and cash equivalents consist of cash and due from
banks, and federal funds sold and securities purchased under
agreements to resell.


Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          ---------------------------------------
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS
          ---------------------------------------------

OVERVIEW
--------

       Net  income  for  the  third  quarter  of  2000   was
$10,072,000 or $0.85 diluted earnings per share, compared to
$7,492,000,  or  $0.62 diluted earnings per share,  for  the
corresponding  period  of  1999. The  $2,580,000  or  34.4%,
increase  was  mainly  the result of  the  increase  in  net
interest  income  plus the reduction in  the  provision  for
credit  losses. The $0.23, or 37.1%, increase of the diluted
earnings  per share was primarily the result of  higher  net
income.

      For  the  nine  months ended September 30,  2000,  net
income  totaled $33,797,000, an increase of $12,724,000,  or
60.4%,  from the $21,073,000 earned during the corresponding
period  of  1999.  Diluted earnings per share for  the  nine
months ended September 30, 2000 were $2.87 compared to $1.62
for the same period of 1999.  The increase in net income was
primarily  due to an increase in the net interest income,  a
reduction of the provision for credit losses and higher non-
interest  income. The above were partially offset by  higher
non-interest  expense.   The $1.25, or  77.2%,  increase  of
diluted  earnings per share is due to both the  increase  of
net  income and a reduction of the average number of diluted
shares.  The decrease of diluted shares is due primarily  to
stock repurchases.

      In  October,  2000 and not included in  the  financial
results reported herein, a $1.4 million non-accrual loan was
paid  off  and  a resulting $500,000 interest  recovery  was
recognized.

      For the quarter ended September 30, 2000 and 1999, the
annualized  return on average assets ("ROA") was  2.04%  and
1.72%,  respectively, and the annualized return  on  average
stockholders'   equity   ("ROE")  was   25.2%   and   22.2%,
respectively.

      For the nine months ended September 30, 2000 and 1999,
the  ROA was 2.40% and 1.66%, respectively, and the ROE  was
30.7% and 18.7%, respectively.


RESULTS OF OPERATIONS
---------------------

Net Interest Income-Quarterly Results
-------------------------------------

      For the quarter ended September 30, 2000 and 1999, net
interest  income before the provision for credit losses  was
$22,207,000  and $18,846,000, respectively, representing  an
increase of $3,361,000, or 17.8%.

      Total  interest income for the quarter ended September
30,  2000  was  $42,065,000, representing a  $8,946,000,  or
27.0%,  increase from the corresponding quarter  of  a  year
ago.   The  increase was due to both an increase of  average
earning assets and the yield earned thereon. Average earning
assets  increased  $222.4 million, or 13.3%,  from  $1,673.0
million  to $1,895.4 million for the quarter ended September
30, 1999 and 2000, respectively.

     The $222.4 million growth of average earning assets was
comprised of increases of $106.5 million, $49.6 million  and
$66.3   million  for  federal  funds  sold  and   securities
purchased  under agreements to resell, securities and  loans
and leases.

      The  yield on earning assets increased 98 basis points
from  7.85% during the third quarter of 1999 to 8.83% during
the  corresponding period of 2000. The increase in the yield
on  earning  assets was the result of higher yields  on  all
categories  of earning assets primarily due to increases  in
the  prime  rate of interest. The most notable increase  was
the  yield  on loans and leases, which increased  144  basis
points.  The  increase was primarily due to  the  140  basis
point  increase of the average prime rate of  interest.  The
average daily prime rate was 8.10% during the quarter  ended
September  30,  1999 compared to 9.50% for the corresponding
quarter  of  2000. Other factors contributing  to  the  loan
yield increase included a reduced level of non-accrual loans
and  the  receipt of interest recoveries. During the quarter
ended   September  30,  2000  and  1999,  non-accrual  loans
averaged  $13.9  million  and $40.8  million,  respectively.
During the quarter ended September 30, 2000, there were  net
interest  recoveries of $656,000, primarily due to the  pay-
off  of a restructured loan and a non-accrual loan. For  the
quarter  ended September 30, 1999, there were  net  interest
income  charge-offs of $175,000. An interest income  charge-
off  results when a loan becomes non-accrual and the accrued
interest is reversed.

       The  yield  on  federal  funds  sold  and  securities
purchased under agreements to resell was 6.79% and 5.34% for
the   quarters   ended   September  30,   2000   and   1999,
respectively.  The yield on securities was 6.85%  and  6.19%
for   the  quarters  ended  September  30,  2000  and  1999,
respectively.

      Total interest expense for the quarter ended September
30,  2000  was  $19,858,000, representing  a  $5,585,000  or
39.1%,  increase from the corresponding quarter  of  a  year
ago.   The increase was due to the increase of the  cost  of
funds  of  96 basis points and increase of average  interest
bearing liabilities of  $179.4 million.

      For the quarter ended September 30, 2000, the cost  of
funds  was  5.03%  compared to 4.07% for  the  corresponding
period  of a year ago.  This increase was the result  of  an
increase in the rates paid on all interest bearing deposits,
which  increased to 4.93% from 3.89% for the quarters  ended
September  30, 2000 and 1999, respectively. The main  reason
for  the  104  basis  point increase of the  rates  paid  on
interest bearing deposits was the movement of the prime rate
of  interest as discussed above. For the quarters  ended  as
indicated,  the average balance and the rates paid  for  the
deposit  products  of  General Bank  (the  "Bank")  were  as
follows:


<TABLE>
<CAPTION>


                                          For the Quarter Ended September 30,
                                                   2000         1999
                                          -----------------------------------
<S>                                            <C>           <C>

Interest bearing demand -
 Average balance                                $ 405,272     $ 309,884
Rate                                                 3.65%         2.60%

Savings - Average balance                          71,075        85,612
Rate                                                 2.45%         2.23%

Time certificates of deposit
 of $100,000 or more - Average
 balance                                          808,634       683,823
Rate                                                 5.71%         4.56%

Other time deposits -
 Average balance                                  196,460       220,502
Rate                                                 5.24%         4.25%

</TABLE>



     Partially  offsetting the across-the-board increase  of
the rates paid on deposits was a shift in the composition of
the average interest-bearing deposits. For the quarter ended
September 30, 2000 average interest-bearing demand and  time
deposits  represented  27.4%  and  67.9%  of  total  average
interest  bearing deposits, respectively.  For  the  quarter
ended  September  30, 1999, average interest-bearing  demand
and  time  deposits represented 23.8% and 69.6%  of  average
interest  bearing  deposits, respectively. Interest  bearing
demand represents a lower costing source of interest bearing
deposits whereas time deposits represents the most expensive
source.

      The  net  interest spread is defined as the  yield  on
interest  earning  assets less the rates paid  on  interest-
bearing  liabilities.  For the three months ended  September
30,  2000  and 1999, the net interest spread was  3.80%  and
3.78%,  respectively,  reflecting  approximately  the   same
increase  for both the yield on earning assets and the  cost
of funds.

      The  net  interest margin is defined as the annualized
difference  between  interest income  and  interest  expense
divided  by average interest earning assets.  For the  three
months  ended September 30, 2000 and 1999, the net  interest
margin   was  4.66%  and  4.47%,  respectively.  The  margin
increased more than the net interest spread due to a  higher
percentage  of average non-interest bearing sources  funding
average  interest  earning assets.  For  the  quarter  ended
September 30, 2000 the total of average non-interest bearing
demand    and   stockholders'   equity,   excluding    other
comprehensive  income,  was  $366.0  million,  or  19.3%  of
average earning assets. For the quarter ended September  30,
1999  the  total  average non-interest  bearing  demand  and
stockholders  equity, excluding other comprehensive  income,
was $308.0 million, or 18.4% of average earning assets.


Net Interest Income - Nine-Month Results
----------------------------------------

      For  the  nine  months ended September 30,  2000,  net
interest  income before the provision for credit losses  was
$65,396,000,  representing an $11,253,000, or 20.8%,  growth
over the corresponding period of a year ago.

      Total  interest  income  for  the  nine  months  ended
September  30, 2000 was $119,693,000 compared to $95,576,000
for   the   corresponding  period  of  a  year   ago.    The
$24,117,000, or 25.2%, increase is the result of an increase
in  the  balance of average interest earning assets  and  an
increase  of  the  yield earned thereon.   Average  interest
earning  assets increased to $1,815.1 million for  the  nine
months  ended September 30, 2000 from $1,650.9  million  for
the  corresponding  period  of a year  ago,  representing  a
$164.2   million,  or  9.9%,  increase.   The   growth   was
represented  primarily by increases  of  $85.2  million  and
$65.1  million  for loans and leases  and  for federal funds
sold and securities purchased  under  agreements  to resell,
respectively.

     The yield on average earning assets increased 107 basis
points to 8.81% for the nine months ended September 30, 2000
from  7.74% for the corresponding period of a year ago.  The
yields  on  all categories of earning assets increased  with
the  most  notable  increase being the yield  on  loans  and
leases which increased from 9.29% to 10.79%.  The year  2000
yield   of  10.79%  was  impacted  by  significant  interest
recoveries   received  in  the  year   2000   amounting   to
$3,892,000. Excluding the interest recoveries , the yield on
loans  and leases for the 9 months ended September 30,  2000
was  10.23%.  There was no significant net interest  charge-
offs / recoveries during the nine months ended September 30,
1999.  The yield increase from 9.29% to 10.23% was primarily
the  result of the prime rate increases. In addition,  there
was a reduction of the balance of average non-accrual loans.
For  the  nine  months ended September 30,  2000  and  1999,
average  non-accrual  loans were  $19.0  million  and  $37.7
million,  respectively, representing  an  $18.7  million  or
49.8% decline.

     The   yield   on  federal  funds  sold  and  securities
purchased under agreements to resell was 6.47% and 5.11% for
the   nine  months  ended  September  30,  2000  and   1999,
respectively. The increase was the result of the  128  basis
point  increase of the average prime rate of  interest.  The
yield  on securities was 6.77% and 6.21% for the nine months
ended September 30, 2000 and 1999, respectively.

      Total  interest  expense for  the  nine  months  ended
September  30, 2000, was $54,297,000 compared to $41,433,000
for  the  corresponding period of a year ago.  The  increase
of $12,864,000, or 31.0%, was due to both the 70 basis point
increase  in  the cost of funds from 4.09% to  4.79%  and  a
$161.5   million   increase  in  average  interest   bearing
liabilities.  The increase of the cost of funds  is  due  to
rate  increases  in all the categories of  interest  bearing
deposits,  resulting  in a 76 basis point  increase  of  the
rates  paid on interest bearing deposits. The rate  increase
is  the  result  of  the  prime  rate  increases  previously
discussed and the Company's intent to remain competitive  in
the  market  place. A substantial portion of the  growth  of
interest  bearing  demand was the result of  large  deposits
from  technology  companies and  venture  capital  funds  in
northern California.

     The  average  balance  and the rates  paid  on  deposit
categories for the nine months ended September 30, 2000 were
as follows:


<TABLE>
<CAPTION>


                                          2000          1999
                                      -------------------------
<S>                                   <C>           <C>

Interest bearing demand -
 Average balance                       $ 385,637     $ 292,864
Rate                                        3.45%         2.47%

Savings - Average balance                 75,716        82,253
Rate                                        2.47%         2.17%

Time certificates of deposit
 of  $100,000  or  more  -
 Average balance                         764,782       651,713
Rate                                        5.42%         4.60%

Other  time  deposits   -
 Average balance                         198,813       238,522
Rate                                        4.97%         4.39%

</TABLE>


      For the nine months ended September 30, 2000 and 1999,
the  net  interest spread was 4.02% and 3.65%, respectively,
representing a 37 basis point increase. Excluding  the  year
2000  interest recoveries, the net interest spread is  3.73%
representing   an   8   basis  point   increase   over   the
corresponding period of a year ago.

      For the nine months ended September 30, 2000 and 1999,
the  net  interest margin was 4.81% and 4.38%, respectively,
representing  a 43 basis point increase.  The  net  interest
margin  excluding  the year 2000 interest income  recoveries
was  4.53%  for the nine months of 2000, representing  a  15
basis point increase.


Provision for Credit Losses
---------------------------

      For  the quarter ended September 30, 2000, a provision
for  credit  losses of $1,000,000, was recorded compared  to
$1,500,000 provision for credit losses for the corresponding
quarter of a year ago. Net charge-offs of $0.4 million  were
recorded in the quarter and non-accrual loans increased from
$12.6 million at June 30, 2000 to $15.6 million at September
30,  2000. After the review of the adequacy of the allowance
for  credit losses as of September 30, 2000, a provision for
credit  losses  of $1.0 million was recorded  in  the  third
quarter.

     For the nine months ended September 30, 2000, there was
a  negative  provision for credit losses of  $500,000.  This
balance  was  the result of the third quarter charge  and  a
negative  provision  of $1,500,000 recorded  in  the  second
quarter,  due  primarily to recoveries on  loans  previously
charged  off. For the nine months ended September 30,  1999,
there was a $3,500,000 provision for credit losses.

      The  amount  of  the provision for  credit  losses  is
determined  by management and is based upon the  quality  of
the  loan portfolio, management's assessment of the economic
environment,  evaluations  made by  regulatory  authorities,
historical   loan   loss  experience,   collateral   values,
assessment of borrowers' ability to repay, and estimates  of
potential  future  losses.  Please refer to  the  discussion
"Allowance for Credit Losses", following.


Non-Interest Income
-------------------

     Non-interest income for the quarter ended September 30,
2000  totaled $2,620,000, representing a $460,000, or 21.3%,
increase  compared  to  $2,160,000  for  the  quarter  ended
September  30, 1999. The increase was primarily due  to  the
income  from other investments of $658,000 recorded  in  the
third   quarter  of  2000.  Income  from  other  investments
includes   the   Company's  partnership   interests.   These
interests include various venture capital funds that  invest
in  technology  companies and a 10% equity  interest  in  an
aircraft  finance trust ("AFT"). These partnership interests
are accounted for using the equity method of accounting. The
interest in AFT was purchased on September 30, 1999.
      For  the  nine months ended September 30,  2000,  non-
interest   income   totaled   $14,745,000   representing   a
$8,790,000, or 148%, increase compared to $5,955,000 for the
nine  months ended September 30, 1999.  Non-interest  income
increased  primarily due to recognition of  trading  account
revenue  of  $7.8  million  during  the  nine  months  ended
September  30,  2000.  Trading  account  revenue  was  first
recognized in the fourth quarter of 1999.

     Trading  account revenue is income earned on securities
classified  as  trading  account securities.  The  Company's
subsidiary,  GBC  Venture Capital,  ("VC")  receives  equity
securities  which  it holds as trading securities  primarily
from  two sources: a distribution from venture capital funds
in  which  it invests and the exercise of warrants  acquired
through   the  lending  operations  of  General  Bank,   its
affiliate.   The mark to market and ultimate disposition  of
these   securities  results  in  trading  account   revenue.
Warrants  whose fair value cannot be determined are  carried
at  their  cost  in  other assets until the  time  they  are
exercised  and  the underlying securities are  received.  If
there  exists  a  readily determinable fair  value  for  the
warrants,   warrants  will  be  categorized  as   securities
available  for  sale  and  marked to  market  through  other
comprehensive  income. The Company has  received  rights  to
acquire stock in the form of warrants issued by 26 companies
as  of  September  30,  2000, as  an  adjunct  to  its  high
technology  banking  relationships.  The  receipt   of   the
warrants  does  not change the terms of loans provided  high
technology  customers.  As  noted  above  the  Company   has
acquired  interests in venture capital funds that invest  in
technology  companies. At September  30,  2000,  there  were
$16.6   million   of  commitments,  and  $7.5   million   of
investments  were  outstanding. In addition  to  seeking  an
appropriate  return for such investments, the Company  seeks
to  use  the  investments to increase  its  high  technology
banking business using referrals from the funds.

      At  November  7,  2000, there  was  $21.1  million  of
potential  pre-tax  income  from warrants  whose  underlying
equity  securities  are public but restricted-from-sale  and
from undistributed shares of public companies currently held
by venture capital funds. $11.4 million is from the value of
warrants from public company whose shares are subject  to  a
lockup  agreement  expiring  in  December,  2000,  and  $8.9
million  is from the value of warrants from a public company
whose  shares are subject to a lockup agreement expiring  in
April,  2001.  This  does not include appreciated  stock  of
private   companies  or  the  underlying  value   of   stock
obtainable  from  the  exercise  of  warrants  from  private
companies. Both are expected to be an additional  source  of
income  in the future. The timing and amount of income  from
equities  obtained  from both warrants and  venture  capital
funds  are  largely out of the Company's control,  and  will
depend  upon  the equity markets and merger and  acquisition
activity.

Non-Interest Expense
--------------------

      For  the  three months ended September 30, 2000,  non-
interest expense was $7,521,000, representing a $91,000,  or
1.22%, increase from $7,430,000 for the corresponding period
of  a  year  ago.  The  increase was primarily  due  to  the
increase of salaries and employee benefits. The $672,000, or
13.4%,  increase  of  salaries  and  employee  benefits   is
primarily the result of incentive compensation expense which
increased  $233,000 and deferred compensation expense  which
increased  $203,000. The increase of salaries  and  employee
benefits  was  offset by an $868,000 increase of  net  other
real  estate  owned income. For both quarters  this  expense
category  reflected income because of net gains on the  sale
of  OREO. For the quarter ended September 30, 2000 and 1999,
net  gains  on sale of OREO were $1,477,000 and  $1,582,000,
respectively.  However, for the quarter ended September  30,
1999, there was a $900,000 provision for write-down of OREO.
For  the  quarter  ended September 30, 2000,  there  was  no
provision for write-down.

     For the quarter ended September 30, 2000, and 1999, the
Company's efficiency ratio, defined as non-interest  expense
divided  by the sum of net interest income plus non-interest
income, was 30.3% and 35.4%, respectively.

      For  the  nine months ended September 30,  2000,  non-
interest  expense was $25,530,000 representing a $2,724,000,
or  11.9%  increase from the $22,806,000  reported  for  the
corresponding  period of a year ago. The  net  increase  was
primarily  due  to  the  increase in salaries  and  employee
benefits  which increased $2,415,000, or 16.7%.  The  reason
for  the  increase  is as noted above.  In  addition,  other
expense  increased  $461,000, or 8.80%.  Included  in  other
expense  is  legal  fees and real estate investment  expense
which increased $190,000 and $185,000 respectively.

       Partially  offsetting  the  above  increase  was  the
increase  of  net other real estate owned income,  primarily
the  result  of  the 1999 provision for loss  write-down  of
$900,000 as discussed above.

      For  the  nine  months ended September 30,  2000,  the
Company's  efficiency  ratio declined  to  31.9%,  comparing
favorably  to  38.0% for the corresponding period  of  1999.
The  decline of this ratio was due in large measure  to  the
interest  income  recovery and trading  account  revenue  as
discussed above.




Provision for Income Taxes
--------------------------

      For the quarter ended September 30, 2000 and 1999, the
provision  for  income taxes was $6,234,000 and  $4,584,000,
respectively, representing effective tax rates of 38.2%  and
38.0%

      For the nine months ended September 30, 2000 and 1999,
the   provision   for  income  taxes  was  $21,314,000   and
$12,719,000, representing effective tax rates of  38.7%  and
37.6%, respectively.

      The  above noted increases in the effective tax  rates
are  primarily the result of higher pre-tax earnings  and  a
relatively  constant low income housing tax credit  for  the
tax years ending December 31, 2000 and 1999.


FINANCIAL CONDITION
-------------------

     As  of  September  30,  2000,  the  total  assets  were
$2,058.5 million, a $314.3 million increase, or 18.0%,  from
$1,744.2  million, as of December 31, 1999. The  balance  of
total  assets as of September 30, 2000 represents  a  record
level.

     As  of September 30, 2000, total deposits were $1,752.5
million,   up  $261.7  million,  or  17.6%,  from   $1,490.8
million, as of December 31, 1999.  Stockholders' equity  was
$177.1  million,  up  $44.1 million, or  33.2%  from  $133.0
million, as of December 31, 1999.


Loans and Leases
----------------

      As  of September 30, 2000, total loans and leases were
$953.3 million compared to $926.0 million as of December 31,
1999,  representing a $27.3 million, or 3.0%  growth.   This
also  represented a record level for total loans and leases.
The  loan  growth  from  year-end 1999  was  mainly  due  to
increases of $49.5 million in the commercial loan portfolio.
This  growth was primarily in the trade financing area which
increased  $35.2 million, reflecting a continuing  growth in
international  trade and new customer relationships.   Trade
financing loans are made by the Bank's Corporate Lending and
International Divisions which, in addition to granting loans
to finance the import and export of goods between the United
States  and  countries  in  the Pacific  Rim,  also  provide
letters of credit and other related services. The Bank  does
not make loans to foreign banks, foreign government or their
central  banks,  or  commercial  and  industrial  loans   to
entities domiciled outside of the United States, except  for
the   extension  of  overdraft  privileges  to  its  foreign
correspondent banks on a limited, case by case, basis.

            Partially offsetting the commercial loan growth,
was  a  $33.0  million  decline of real estate  construction
loans.  The  decrease reflects the pay-off  of  the  Sunrise
Suites  loan  (balance of $30.9 million, as of December  31,
1999)  and  other  pay-offs during  the  nine  months  ended
September 30, 2000.

      The following table sets forth the amount of loans and
leases  outstanding by category and the percentage  of  each
category to the total loans and leases outstanding as of the
dates indicated:


<TABLE>
<CAPTION>

                                September 30, 2000       December 31, 1999
(In Thousands)                  Amount   Percentage     Amount   Percentage
---------------------------------------------------------------------------
<S>                           <C>       <C>       <C>         <C>

Commercial                     $ 447,891   46.98%    $ 398,379   43.02%
Real Estate - Construction       162,148   17.01%      195,133   21.07%
Real Estate - Conventional       302,361   31.72%      295,614   31.93%
Installment                            5      N/A           11      N/A
Other Loans                       23,901    2.51%       20,238    2.19%
Leveraged Leases                  16,958    1.78%       16,582    1.79%
                               --------------------------------------------
Total                          $ 953,264  100.00%    $ 925,957  100.00%
                               ============================================
N/A = Percentage less than 0.01

</TABLE>


Non-Performing Assets
---------------------

      A  certain degree of risk is inherent in the extension
of  credit.   Management has credit  policies  in  place  to
minimize the level of loan losses and non-performing  loans.
The  Company performs a quarterly assessment of  the  credit
portfolio  to  determine  the  appropriate  level   of   the
allowance.  Included in the assessment is the identification
of  loan impairment.  A loan is identified as impaired  when
it  is  probable  that interest and principal  will  not  be
collected  according to the contractual terms  of  the  loan
agreement.   Loan impairment is measured by  estimating  the
expected  future  cash  flows and discounting  them  at  the
respective  effective  interest  rate  or  by  valuing   the
underlying collateral.

       The   Company  has  a  policy  of  classifying  loans
(including an impaired loan) which are 90 days past  due  as
to  principal  and/or interest as non-accrual  loans  unless
management  determines  that the fair  value  of  underlying
collateral is substantially in excess of the loan amount  or
other  circumstances  justify treating  the  loan  as  fully
collectible.  After a loan is placed on non-accrual  status,
any  interest previously accrued, but not yet collected,  is
reversed  against  current income.  A loan  is  returned  to
accrual  status only when the borrower has demonstrated  the
ability to make future payments of principal and interest as
scheduled,  and  the borrower has demonstrated  a  sustained
period  of  repayment  performance in  accordance  with  the
contractual  terms.  Interest received on non-accrual  loans
generally  is  either  applied  as  principal  reduction  or
reported  as  recoveries on amounts previously  charged-off,
according  to management's judgment as to the collectability
of principal.

      The  following table provides information with respect
to   the   Company's  past  due  loans,  non-accrual  loans,
restructured loans and other real estate owned, net,  as  of
the dates indicated:


<TABLE>
<CAPTION>


(IN THOUSANDS)                         September 30, 2000   December 31, 1999
-----------------------------------------------------------------------------
<S>                                     <C>                  <C>
Loans 90 Days or More Past Due
 and Still Accruing                      $  4,039             $      -
Non-accrual Loans                          15,599               44,521
Total Past Due Loans                       19,638               44,521
Restructured Loans (on Accrual
 Status)                                    5,547                7,249
Total Non-performing and
 Restructured Loans                        23,710*              51,770
Other Real Estate Owned, Net                  663                8,170
-----------------------------------------------------------------------------
Total Non-performing Assets              $ 24,373             $ 59,940
-----------------------------------------------------------------------------

*  Amount excludes $1,475 representing a credit included  in
both  the categories of loans 90 days or more past  due  and
still accruing and restructured loans.

</TABLE>



     Total non-performing assets decreased to $24.4 million,
as of September 30, 2000, from $59.9 million, as of December
31, 1999, representing a $35.5 million, or 59.3%, decrease.


Loans 90 Days or More Past Due and Still Accruing
-------------------------------------------------

     Three  credits  comprise the balance of loans  90  days
past  due  and still accruing. There is not anticipated  any
loss  of  contractual principal or interest on any of  these
loans.


Non-Accrual Loans
-----------------

      As  of  September 30, 2000 non-accrual  loans  totaled
$15.6  million,  a decrease of $28.9 million  from  year-end
1999.  The pay off of Sunrise Suites which had a balance  of
$30.9  million  as  of  December  31,  1999,  was  primarily
responsible  for  the reduction. A $5.8  million  commercial
loan was placed on non accrual during the quarter, resulting
in  the $3.0 million increase of non-accrual loans from June
30, 2000.

      In October, and not included in the financial results,
a  $1.4 million non-accrual loan was repaid in full,  and  a
$0.5  million  interest recovery will be recognized  in  the
fourth quarter, 2000.

      The  following  table breaks out  the  Company's  non-
accrual loans by category as of the dates indicated:



<TABLE>
<CAPTION>

------------------------------------------------------------------------
(IN THOUSANDS)                   September 30, 2000    December 31, 1999
------------------------------------------------------------------------
<S>                              <C>                   <C>

Commercial                        $ 14,187              $  8,567
Real Estate- Construction            1,374                35,694
Real Estate- Conventional               38                   221
Other Loans                              -                    39
------------------------------------------------------------------------
Total                             $ 15,599              $ 44,521
------------------------------------------------------------------------

</TABLE>


      The following table analyzes the change in non-accrual
loans during the nine months ended September 30, 2000:



<TABLE>
<CAPTION>

-----------------------------------------------------
         Non-Accrual Loans (In Thousands)
-----------------------------------------------------
<S>                                       <C>
Balance, December 31, 1999                 $ 44,521
Add: Loans placed on non-accrual             14,951
Less: Charge-offs                              (802)
      Returned to accrual status             (2,013)
      Repayments                            (41,058)
      Transfer to OREO                            -
-----------------------------------------------------
Balance, September 30, 2000                $ 15,599
-----------------------------------------------------

</TABLE>



Restructured Loans
------------------

      The balance of restructured loans as of September  30,
2000  was  $5.5  million  compared to  $7.2  million  as  of
December  31,  1999, representing a $1.7 million,  or  23.6%
decrease.   The decline was primarily due to the pay-off  in
full of $1.2 million of restructured loans during the second
quarter  of 2000.  A loan is categorized as restructured  if
the  original  interest  rate on such  loan,  the  repayment
terms,  or both, are modified due to a deterioration in  the
financial condition of the borrower.  Restructured loans may
also  be  put  on a non-accrual status in keeping  with  the
Bank's  policy of classifying loans which are 90  days  past
due  as  to  principal and/or interest.  Restructured  loans
which  are non-accrual loans are not included in the balance
of  restructured  loans.   As of  September  30,  2000,  two
restructured  loans  totaling $168,000 were  on  non-accrual
status and accordingly, were included in the balance of non-
accrual loans.  As of September 30, 2000, restructured loans
excluding the two non-accrual loans consisted of seven loans
compared  to eleven loans as of December 31, 1999.  Included
in  the  balance of restructured loans is a $1,475,000  real
estate  credit which is also included in loans  90  days  or
more  past  due  and still accruing.  The  weighted  average
yield  of  the restructured loans was 10.55% as of September
30, 2000.
      There  are no commitments to lend additional funds  on
any of the restructured loans.


Other Real Estate Owned
-----------------------

      As  of  September  30, 2000, other real  estate  owned
("OREO"),  net  of  valuation  allowance  of  $1.2  million,
totaled  $0.7  million,  representing  a  decrease  of  $7.5
million, or 91.9%, from the net balance of $8.2 million, net
of  valuation allowance of $3.0 million, as of December  31,
1999.  During the third quarter ended September 30, 2000, an
OREO property with a net carrying value of $6.1 million,  on
the  books  since the second quarter of 1999, was  sold  for
$7.5  million.  As  of September 30, 2000 and  December  31,
1999,  OREO  consisted of 6 properties  and  12  properties,
respectively.

      The  outstanding  OREO properties are  all  physically
located in the Bank's market area. As of September 30, 2000,
with  the exception  of a  retail facility, all  outstanding
properties are represented by land.  The Company intends  to
enter  into  a  partnership  to  develop  one  of  the  land
properties.  There  is  no  intent  to  develop  the   other
properties.

     The following table sets forth OREO by property type as
of the dates indicated:

<TABLE>
<CAPTION>

----------------------------------------------------------------
                                  September 30,    December 31,
(In Thousands)                        2000            1999
----------------------------------------------------------------
Property Type
-------------
<S>                               <C>              <C>

Single-Family Residential          $      -         $    395
Land                                  1,084            1,099
Retail Facilities                       803            1,141
Industrial Facilities                     -            8,550
                                   --------------------------
Less: Valuation Allowance            (1,224)          (3,015)
                                   --------------------------
Total                              $    663         $  8,170
                                   ==========================

</TABLE>



Impaired Loans
--------------

      A  loan  is identified as impaired when it is probable
that  interest and principal will not be collected according
to  the  contractual  terms  of the  loan  agreement.   Loan
impairment  is  measured by estimating the  expected  future
cash  flows and discounting them at the respective effective
interest  rate or by valuing the underlying collateral.   Of
the  $17.5  million  of  outstanding impaired  loans  as  of
September 30, 2000, $2.0 million are included in the balance
of   restructured  loans.  The  following  table   discloses
pertinent   information  as  it  relates  to  the  Company's
impaired loans as of the dates indicated:


<TABLE>
<CAPTION>

----------------------------------------------------------------------
(IN THOUSANDS)                        Sep. 30, 2000      Dec. 31, 1999
----------------------------------------------------------------------
<S>                                   <C>                <C>

Recorded Investment with Related
 Allowance                             $  13,542          $  42,881
Recorded Investment with no
 Related Allowance                         3,943              4,003
Total Recorded Investment                 17,485             46,884
Allowance for Impaired Loans               4,933              5,806
----------------------------------------------------------------------

</TABLE>


      The  $29.4 million decrease of the recorded investment
of  impaired  loans is due to the pay-off of Sunrise  Suites
non-accrual loan as discussed above.

      The  average  balance  of impaired  loans  before  the
allowance  was  $22.8  million for  the  nine  months  ended
September  30, 2000 and $46.5 million for the twelve  months
ended December 31, 1999.

      For the nine months ended September 30, 2000 and 1999,
interest  income recognized on impaired loans  was  $472,000
and $499,000, respectively. Of the amount of interest income
recognized during the nine months ended September  30,  2000
and  1999,  no interest was recognized under the cash  basis
method.

      Management  cannot  predict the extent  to  which  the
current  economic  environment, including  the  real  estate
market,  may  improve  or worsen, or the  full  impact  such
environment   may   have  on  the  Bank's  loan   portfolio.
Furthermore,  as  the Bank's primary regulators  review  the
loan   portfolio   as   part  of  their  routine,   periodic
examinations  of  the  Bank, their  assessment  of  specific
credits  may  affect the level of the Bank's  non-performing
loans.   Accordingly, there can be no assurance  that  other
loans  will not be placed on non-accrual, become 90 days  or
more  past due, have terms modified in the future, or become
OREO.


Allowance for Credit Losses
---------------------------

      As of September 30, 2000, the balance of the allowance
for  credit losses was $21.0 million, representing 2.20%  of
outstanding loans and leases.  This compares to an allowance
for  credit losses of $19.8 million as of December 31, 1999,
representing 2.14% of outstanding loans and leases.

      The  table below summarizes the activity in the  total
allowance  for  credit  losses (which  amount  includes  the
specific  allowance  on impaired loans) for  the  nine-month
periods ended as indicated:

<TABLE>
<CAPTION>

---------------------------------------------------------------------------
(IN THOUSANDS)                      September 30, 2000   September 30, 1999
---------------------------------------------------------------------------
<S>                                 <C>                  <C>

Balance, Beginning  of Period        $  19,808            $  19,381
Provision (Benefit) for Credit
 Losses                                   (500)               3,500
Charge-offs                             (1,008)              (5,684)
Recoveries                               2,718                2,348
Net Recoveries (Charge-offs)             1,710               (3,336)
Balance, End of Period               $  21,018            $  19,545
---------------------------------------------------------------------------

</TABLE>


      As  of  September  30, 2000, the allowance  represents
88.6% and 135% of non-performing and restructured loans  and
of non-accrual loans, respectively. As of December 31, 1999,
the  allowance represented 38.3% and 44.5% of non-performing
and   restructured   loans   and   of   non-accrual   loans,
respectively.

     The  provision for credit losses is an amount  required
to  maintain an allowance for credit losses that is adequate
to  cover  probable  credit losses related  to  specifically
identified loans as well as probable credit losses  inherent
in   the   remainder  of  the  loan  and  lease   portfolio.
Management  evaluates  the  loan  portfolio,  the   economic
environment,  historical  loan loss  experience,  collateral
values  and  assessments of borrowers' ability to  repay  in
determining  the amount of the allowance for credit  losses.
The  balance  of  the  allowance for  credit  losses  is  an
accounting  estimate of probable but unconfirmed  losses  in
the Bank's loan portfolio as of September 30, 2000.  Such an
amount  is  based on ongoing, quarterly assessments  of  the
probable  estimated losses inherent in the  loan  and  lease
portfolio,  and  to a lesser extent, unused  commitments  to
provide  financing.  The Company's methodology for assessing
the  appropriateness of the allowance consists primarily  of
the use of a formula allowance.

      This formula allowance is calculated by applying  loss
factors  to outstanding loans and leases and certain  unused
commitments, in each case based on the internal risk  rating
of  such  loans,  pools  of loans,  leases  or  commitments.
Changes in risk rating of both performing and non-performing
loans  affect  the  amount of the formula  allowance.   Loss
factors   are   based  on  the  Company's  historical   loss
experience and may be adjusted for significant factors that,
in  management's judgement, affect the collectibility of the
portfolio  as  of  the evaluation date.   Loss  factors  are
described as follows:

     -    Problem graded loan loss factors represent percentages
       which have proven accurate over time.  Such factors are
       checked against and supported by migration analysis which
       tracks loss experience over a five-year period.

     -     Pass  graded loan loss factors are based  on  the
       approximate average annual net charge-off rate over an eight-
       year period.

     -     Pooled loan loss factors (not individually graded
       loans) are based on probable net charge-offs.  Pooled loans
       are loans and leases that are homogeneous in nature, such as
       residential mortgage loans and small business loans.

      Management  believes  that the  allowance  for  credit
losses  approximates  the probable but unconfirmed  incurred
losses  existing  in  the  Bank's  loan  portfolio,  as   of
September 30, 2000.


Securities
----------

      The  Company  classifies its  securities  as  held  to
maturity,   trading  or  available  for  sale.    Securities
classified  as held to maturity are those that  the  Company
has  the positive intent and ability to hold until maturity.
These securities are carried at amortized cost.

      Common  shares of companies held principally  for  the
purpose  of selling them in the near term are classified  as
trading  and  are  reported at fair value,  with  unrealized
gains and losses included in earnings.  Warrants that have a
readily determinable fair value are categorized as available
for  sale  securities  and marked to  market  through  other
comprehensive income.

     Securities that could be sold in response to changes in
interest  rates,  increased loan  demand,  liquidity  needs,
capital   requirements   or  other  similar   factors,   are
classified   as  securities  available  for   sale.    These
securities are carried at fair value, with unrealized  gains
or losses reported in other comprehensive income.

      As  of  September 30, 2000, the Company  recorded  net
unrealized holding gains of $5,647,000 on its available-for-
sale  portfolio. Accumulated other comprehensive income  has
been   increased   by   $3,273,000  representing   the   net
unrealized holding gain, net of tax.

      The  net  unrealized holding gains  of  $5,647,000  is
attributed   to  the  valuation  of  warrants  included   in
securities  available for sale which had  a  fair  value  of
$17.5 million in excess of the cost. Excluding the  warrant,
as  of September 30, 2000 net unrealized losses before taxes
was $11.8 million.

      The  amortized  cost,  gross unrealized  gains,  gross
unrealized losses and fair value of securities at  September
30, 2000 and December 31, 1999 were as follows:


<TABLE>
<CAPTION>


                                               Gross        Gross
(In Thousands)                     Amortized   Unrealized   Unrealized  Fair
September 30, 2000                 Cost        Gains        Losses      Value
----------------------------------------------------------------------------------
<S>                               <C>         <C>          <C>         <C>

Securities Held to Maturity
 U.S. Government Agencies          $   1,097   $      -     $     (61)  $   1,036
                                   -----------------------------------------------
Total                              $   1,097   $      -     $     (61)  $   1,036
                                   ==============================================

Securities Available for Sale
 U.S. Government Agencies          $  20,847   $      -     $     (38)  $  20,809
 Mortgage Backed Securities          168,429          -        (3,367)    165,062
 Commercial Mortgage Backed
  Securities                          70,417        791             -      71,208
 Corporate Notes                      93,768          -        (3,757)     90,011
 Collateralized Mortgage
  Obligations                        175,500          -        (2,989)    172,511
 Asset Backed Securities             317,010          -        (2,485)    314,525
 Other Securities                      3,273     17,492             -      20,765
                                   -----------------------------------------------
Total                              $ 849,244   $ 18,283     $ (12,636)  $ 854,891
                                   ==============================================


Trading Account Securities
 Equity Issues                     $       -   $      -     $       -   $     253
                                   -----------------------------------------------
                                   $       -   $      -     $       -   $     253
                                   ==============================================
</TABLE>



<TABLE>
<CAPTION>


                                               Gross        Gross
(In Thousands)                     Amortized   Unrealized   Unrealized  Fair
December 31, 1999                  Cost        Gains        Losses      Value
----------------------------------------------------------------------------------
<S>                               <C>         <C>          <C>         <C>

Securities Held to Maturity
 U.S. Government Agencies          $   1,294   $      -     $     (59)  $   1,235
 Collateralized Mortgage
  Obligations                              6          -             -           6
                                   -----------------------------------------------
Total                              $   1,300   $      -     $     (59)  $   1,241
                                   ==============================================

Securities Available for Sale

 U.S. Government Agencies          $  21,591   $      -     $    (217)  $  21,374
 Mortgage Backed Securities          176,217          -        (5,446)    170,771
 Commercial Mortgage Backed
  Securities                          30,585          -          (307)     30,278
 Corporate Notes                      59,319          -          (748)     58,571
 Collateralized Mortgage
  Obligations                        163,323          -        (4,412)    158,911
 Asset Backed Securities             240,155          -        (3,153)    237,002
 Other Securities                      6,110          -             -       6,110
                                   -----------------------------------------------
Total                              $ 697,300   $      -     $ (14,283)  $ 683,017
                                   ==============================================


Trading Account Securities
 Equity Issues                     $       -   $      -     $       -   $   1,114
                                   -----------------------------------------------
                                   $       -   $      -     $       -   $   1,114
                                   ==============================================

</TABLE>



      During the nine months ended September 30, 2000  there
were  sales  of  securities  from  the  available  for  sale
portfolio wherein proceeds of $6.8 million were received and
a  pre-tax loss of $104,000 incurred. There were no sales of
securities  available for sale during the nine months  ended
September  30, 1999. There were no sales of securities  held
to  maturity during the nine months ended September 30, 2000
and 1999.

      In the fourth quarter, the market price of a corporate
debt  issue  declined. As of November 7, 2000 there  was  an
unrealized  loss of $5.4 million. As of September  30,  2000
$15  million of bonds was included in the available-for-sale
portfolio  with  a  mark to market loss of  a  $4.0  million
included in other comprehensive income.

Other Investments
-----------------

      As  of  September 30, 2000, other investments  totaled
$15.5  million. Included in the balance is $7.5  million  of
investments in various venture capital funds which  in  turn
invest  in  technology companies. As of September  30,  2000
undisbursed  commitments to invest in  these  various  funds
totaled  $8.6 million. In addition to seeking an appropriate
return  from such investments, the Company seeks to use  the
investments   to   increase  its  high  technology   banking
business. Also included in other investments is a 10% equity
interest in an aircraft finance trust ("AFT") totaling  $7.6
million  as  of  September 30, 2000. AFT owns  a  number  of
aircraft  which  it leases to different lessees  in  various
countries. All these partnership interests are accounted for
by the equity method. Also included in other investments are
investments made by the Bank in corporations responsible for
lending activities qualifying under, among other things, the
Community  Reinvestment Act. These investments are accounted
for by the cost method or equity method, as appropriate.

Deposits
--------

      The Company's deposits totaled $1,752.5 million as  of
September  30,  2000,  representing an  $261.7  million,  or
17.6%,  increase from total deposits of $1,490.8 million  as
of  December 31, 1999.  The growth for the nine months ended
September  30,  2000,  was primarily  due  to  increases  in
interest  bearing  demand, which  grew  $153.3  million,  or
47.4%.  As  previously noted, a substantial portion  of  the
growth of interest bearing demand was the result of deposits
from  technology  companies and  venture  capital  funds  in
northern  California.  Time certificates deposit of $100,000
or  more reflected an increase of $105.7 million, or  14.8%,
and   reflects  the  competitive  rate  offering  for  these
deposits.   The  growth  of  the  above  mentioned   deposit
categories was partially offset by a $12.7 million and $10.0
million   decline  of  other  time  deposits  and   savings,
respectively.

      As  of September 30, 2000 and December 31, 1999, there
were no brokered deposits outstanding.  The Company believes
that  the majority of its deposit customers has strong  ties
to  the Bank.  Although the Company has a significant amount
of  time  deposits of $100,000 or more having maturities  of
one   year  or  less,  historically,  the  depositors   have
generally renewed their deposits upon maturity. Accordingly,
the Company believes its deposit source to be stable.

      The  maturity schedule of time certificates of deposit
of  $100,000  or  more,  as of September  30,  2000,  is  as
follows:


<TABLE>
<CAPTION>


---------------------------------------------------
(IN THOUSANDS)
---------------------------------------------------
<S>                                      <C>

3 Months or Less                          $ 481,709
Over 3 Months Through 6 Months              194,529
Over 6 Months Through 12 Months             122,134
Over 12 Months                               19,686
---------------------------------------------------
Total                                     $ 818,058
---------------------------------------------------

</TABLE>



Other Borrowings
----------------

      As  of September 30, 2000, the Company has two sources
of outstanding borrowings.

      Subordinated debt is comprised of a $40 million public
offering issuance of 8.375% subordinated notes due August 1,
2007.   Proceeds  of  $38.7  million,  net  of  underwriting
discount  of $1.3 million, were received by the  Company  at
date  of  issuance.  The discount is amortized  as  a  yield
adjustment over the 10-year life of the notes.

      The  Bank has obtained advances from the Federal  Home
Loan  Bank  of  San  Francisco (the "FHLB")  totaling  $50.0
million.  The advances are under an existing line of  credit
whereby  the  FHLB has granted the Bank a line equal  to  25
percent  of  its assets.  The following describes  the  four
outstanding advances as of September 30, 2000:


<TABLE>
<CAPTION>

------------------------------------------------------------------
Maturity                Amount              Fixed Rate of Interest
                    (In Thousands)
------------------------------------------------------------------
<S>                  <C>                           <C>

Nov.  1, 2000         $ 25,000                      4.53%
Jan. 31, 2001           10,000                      5.19%
Apr. 30, 2001           10,000                      4.92%
July 15, 2002            5,000                      5.61%
------------------------------------------------------------------

</TABLE>

     The total outstanding of $50 million of advances as of
September 30, 2000 has a composite fixed rate of interest of
4.85%.



Forward Sales-Equity Securities
-------------------------------

      As  of September 30, 2000, there were no forward sales
contracts outstanding.


Capital Resources
-----------------

      As of September 30, 2000, stockholders' equity totaled
$177.1 million, an increase of $44.1 million, or 33.1%, from
$133.0 million as of December 31, 1999.

     An analysis of the change in stockholders' equity is as
follows:


<TABLE>
<CAPTION>

------------------------------------------------------------------
Stockholders' Equity                                     Amount
------------------------------------------------------------------
(In Thousands)
--------------
<S>                                                   <C>

Balance as of December 31, 1999                        $ 133,038
Repurchase of Stock                                       (3,473)
Net Income                                                33,797
Cash Dividends                                            (3,349)
Change in Securities Valuation, Net of Tax                11,550
Stock Issuance (Includes $1,571 cost of shares
 held in Trust for Deferred Compensation)                  4,747
Tax Benefits related to Exercise of Stock Options            795
------------------------------------------------------------------
Balance as of September 30, 2000                       $ 177,105
------------------------------------------------------------------

</TABLE>



     As indicated above, the change in securities valuation,
net of tax, of $11.6 million was due to the warrant, carried
at fair value as of September 30, 2000.

     Capital ratios for the Company and for the Bank were as
follows as of the dates indicated:


<TABLE>
<CAPTION>

----------------------------------------------------------------------------
                                Well-Capitalized    Sept. 30,   December 31,
                                    Standards         2000         1999
----------------------------------------------------------------------------
<S>                                  <C>            <C>          <C>

GBC Bancorp
Tier 1 Leverage Ratio                 5%             8.78%        8.06%
Tier 1 Risk-Based Capital Ratio       6%             9.60%        9.07%
Total Risk-Based Capital Ratio       10%            13.36%       12.83%

General Bank
Tier 1 Leverage Ratio                 5%             9.92%        9.58%
Tier 1 Risk-Based Capital Ratio       6%            10.93%       10.82%
Total Risk-Based Capital Ratio       10%            12.10%       12.07%
----------------------------------------------------------------------------

</TABLE>



     For the nine months ended September 30, 2000, the ratio
of  the  Company's average stockholders' equity  to  average
assets was 7.81%. For the year ended December 31, 1999, this
ratio was 8.57%.


GBC Bancorp Executive Obligation Trust (the "Trust")
----------------------------------------------------

      In the first quarter, 2000, the Company entered into a
trust  agreement providing for the trust with Union Bank  of
California  as  trustee. The purpose of  the  Trust  was  to
resolve accounting and administrative issues relating to the
deferred compensation payable to the Company's Chairman  and
CEO  pursuant to his employment agreement with  the  Company
(the  "Agreement"). In the month of March, 71,007 shares  of
Company  stock  were  issued and transferred  to  the  Trust
representing  the  earned deferred compensation  payable  in
connection with the stock retention program set forth in the
Agreement.

      In  the consolidated financial statements, the  shares
held in the Trust are reduced from common stock and included
as   a  separate  component  of  retained  earnings.  As  of
September  30, 2000 this amount was $1,571,000  representing
the cost of the 71,007 shares held in the Trust.


Liquidity
---------

      Liquidity measures the ability of the Company to  meet
fluctuations  in deposit levels, to fund its operations  and
to  provide for customers' credit needs. Asset liquidity  is
provided by cash and short-term financial instruments  which
include  federal  funds sold and securities purchased  under
agreements to resell, unpledged securities held to  maturity
maturing  within one year and unpledged securities available
for  sale.   These sources of liquidity amounted  to  $870.7
million, or 42.3% of total assets, as of September 30, 2000,
compared to $504.5 million, or 28.9% of total assets, as  of
December 31, 1999.

      To  further supplement its liquidity, the Company  has
established federal funds lines with correspondent banks and
three  master  repurchase agreements  with  major  brokerage
companies.  In August, 1992, the Federal Home Loan  Bank  of
San  Francisco  ("FHLB") granted the Bank a line  of  credit
currently equal to 25 percent of assets with terms up to 360
months.  As  of  September 30, 2000,  the  Company  has  $50
million    outstanding   under   this   financing   facility
representing 2.43% of total assets. Management believes  its
liquidity sources to be stable and adequate.

      As  of  September  30, 2000, total  loans  and  leases
represented 54.4% of total deposits.  This compares to 57.8%
and  62.1%  as  of  June  30, 2000 and  December  31,  1999,
respectively.

      The  liquidity  of  the parent  company,  GBC  Bancorp
("GBC"),  is  primarily dependent on  the  payment  of  cash
dividends  by  its  subsidiary, General Bank,  (the  "Bank")
subject to the limitations imposed by the Financial Code  of
the   State  of  California.   For  the  nine  months  ended
September 30, 2000, the Bank declared cash dividends of $6.9
million to GBC Bancorp.


"GAP" Measurement
-----------------

      While  no  single measure can completely identify  the
impact  of changes in interest rates on net interest income,
one gauge of interest rate sensitivity is to measure, over a
variety  of  time  periods, contractual differences  in  the
amounts  of  the  Company's rate sensitive assets  and  rate
sensitive   liabilities.   These  differences,  or   "gaps",
provide an indication of the extent that net interest income
may  be  affected  by  future  changes  in  interest  rates.
However,  these contractual "gaps" do not take into  account
timing  differences between the repricing of assets and  the
repricing of liabilities.

     A positive gap exists when rate sensitive assets exceed
rate  sensitive  liabilities and indicates  that  a  greater
volume  of  assets  than liabilities will reprice  during  a
given  period.   This  mismatch may enhance  earnings  in  a
rising rate environment and may inhibit earnings when  rates
decline.  Conversely, when rate sensitive liabilities exceed
rate  sensitive  assets, referred to as a negative  gap,  it
indicates  that a greater volume of liabilities than  assets
will  reprice  during  the period. In this  case,  a  rising
interest rate environment may inhibit earnings and declining
rates may enhance earnings.

       "Gap"  reports  originated  as  a  means  to  provide
management with a tool to monitor repricing differences,  or
"gaps",  between  assets  and  liabilities  repricing  in  a
specified  period,  based upon their underlying  contractual
rights.   The  use  of "gap" reports is thus  limited  to  a
quantification   of  the  "mismatch"  between   assets   and
liabilities  repricing within a unique specified  timeframe.
Contractual  "Gap"  reports  cannot  be  used  to   quantify
exposure  to interest rate changes because they do not  take
into account timing differences between repricing assets and
liabilities, and changes in the amount of prepayments.

      As  of September 30, 2000, there was a cumulative one-
year  negative "gap" of $672.8 million, compared to  a  one-
year negative gap of $591.4 million as of December 31, 1999.

      The  following table indicates the Company's  interest
rate  sensitivity position as of September 30, 2000, and  is
based  on  contractual maturities.  It may not be reflective
of positions in subsequent periods:


<TABLE>
<CAPTION>


                                                             Interest Sensitivity Period
                                   -------------------------------------------------------------------------------------
                                   0 to 90     91 to 365     Over 1 Year      Over      Non-Interest
(In Thousands)                       Days        Days        to 5 Years     5 Years     Earning/Bearing     Total
------------------------------------------------------------------------------------------------------------------------

<S>                              <C>          <C>           <C>          <C>          <C>               <C>

Earning Assets:
Securities Available for Sale      $    9,239   $        -    $ 149,878    $  678,282   $  17,492           $  854,891
Securities Held to Maturity                 -            -        1,097             -           -                1,097
Trading Account Securities                  -            -            -             -         253                  253
Federal Funds Sold &
 Securities Purchased Under
 Agreement to Resell                  176,500            -            -             -           -              176,500
Loans and Leases (1)(2)               687,491       23,542      112,724       113,908           -              937,665
Non-Earning Assets (2)                      -            -            -             -      88,125               88,125
                                   -------------------------------------------------------------------------------------
Total Earning Assets               $  873,230   $   23,542    $ 263,699    $  792,190   $ 105,870           $2,058,531
                                   =====================================================================================

Source of Funds for Assets:

Deposits:
 Demand - N/B                      $        -   $        -    $       -    $        -   $ 200,183           $  200,183
 Interest Bearing Demand              476,714            -            -             -           -              476,714
 Savings                               68,010            -            -             -           -               68,010
 TCD'S Under $100,000                  84,627       96,851        8,029             -           -              189,507
 TCD'S $100,000 and Over              481,708      316,663       19,687             -           -              818,058
                                   -------------------------------------------------------------------------------------
Total Deposits                     $1,111,059   $  413,514    $  27,716    $        -   $ 200,183           $1,752,472
                                   =====================================================================================

Borrowings from the Federal
 Home Loan Bank                    $   25,000   $   20,000    $   5,000    $        -   $       -           $   50,000
Subordinated Debt                           -            -            -        39,105           -               39,105
Other Liabilities                           -            -            -             -      39,849               39,849
Stockholders' Equity                        -            -            -             -     177,105              177,105
                                   -------------------------------------------------------------------------------------
Total Liabilities and
 Stockholders' Equity              $1,136,059   $  433,514    $  32,716    $   39,105   $ 417,137           $2,058,531
                                   =====================================================================================


Interest Sensitivity Gap           $ (262,829)  $ (409,972)   $ 230,983    $  753,085   $(311,267)
Cumulative Interest
 Sensitivity Gap                   $ (262,829)  $ (672,801)   $(441,818)   $  311,267   $       -

Gap Ratio (% of Total
 Assets)                                -12.8%       -19.9%        11.2%         36.6%      -15.1%
Cumulative Gap Ratio                    -12.8%       -32.7%       -21.5%         15.1%        0.0%


(1) Loans and leases are before unamortized deferred loan fees and allowance for credit losses.
(2) Non-accrual loans are included in non-earning assets.


</TABLE>



        Effective   asset/liability   management    includes
maintaining adequate liquidity and minimizing the impact  of
future  interest  rate changes on net interest  income.  The
Company attempts to manage its interest rate sensitivity  on
an  on-going  basis through the analysis  of  the  repricing
characteristics of its loans, securities, and deposits,  and
managing  the  estimated net interest income  volatility  by
adjusting  the  terms  of  its interest-earning  assets  and
liabilities, and through the use of derivatives as needed.


Market risk
-----------

      Market risk is the risk of financial loss arising from
adverse  changes in market prices and interest  rates.   The
Company's market risk is inherent in its lending and deposit
taking  activities  to  the extent  of  differences  in  the
amounts   maturing  or  degree  of  repricing   sensitivity.
Adverse  changes  in  market prices and interest  rates  may
therefore  result in diminished earnings and  ultimately  an
erosion of capital.

      Since  the  Company's  profitability  is  affected  by
changes in interest rates, management actively monitors  how
changes in interest rates may affect earnings and ultimately
the  underlying market value of equity.  Management monitors
interest  rate  exposure  through the  use  of  three  basic
measurement  tools  in  conjunction  with  established  risk
limits.   These tools are the expected maturity gap  report,
net  interest income volatility and market value  of  equity
volatility  reports.   The gap report details  the  expected
maturity mismatch or gap between interest earning assets and
interest  bearing  liabilities over a  specified  timeframe.
The  expected  gap differs from the contractual  gap  report
shown  earlier  in  this  section by  adjusting  contractual
maturities  for expected prepayments of principal  on  loans
and amortizing securities as well as the projected timing of
repricing non-maturity deposits.  The following table  shows
the  Company's financial instruments that are  sensitive  to
changes  in  interest rates categorized  by  their  expected
maturity, as of September 30, 2000:


<TABLE>
<CAPTION>


                                                        Interest Sensitivity Period
                                   -------------------------------------------------------------------
                                   0 to 90     91 to 365     Over 1 Year      Over
(In Thousands)                       Days        Days        to 5 Years     5 Years       Total
------------------------------------------------------------------------------------------------------

<S>                               <C>         <C>           <C>            <C>           <C>

Interest-sensitive Assets:
Securities Available for Sale      $  36,383   $  80,941     $ 584,607      $ 135,468     $   837,399
Securities Held to Maturity            1,097           -             -              -           1,097
Federal Funds Sold &
 Securities Purchased Under
 Agreements to Resell                176,500           -             -              -         176,500
Loans and Leases (1)                 687,491      23,542       112,724        113,908         937,665
                                   -------------------------------------------------------------------
Total Interest-earning Assets      $ 901,471   $ 104,483     $ 697,331      $ 249,376     $ 1,952,661
                                   ==================================================================

Interest-sensitive Liabilities:
Deposits:
 Interest Bearing Demand           $  16,256   $  48,771     $ 316,972      $  94,715     $   476,714
 Savings                               2,267       6,801        45,340         13,602          68,010
 Time Deposit of Certificates        566,335     413,514        27,716              -       1,007,565
                                   -------------------------------------------------------------------
Total Deposits                     $ 584,858   $ 469,086     $ 390,028      $ 108,317     $ 1,552,289
                                   ==================================================================

Federal Funds Purchased
 & Securities Sold Under
 Repurchsed Agreements             $       -   $       -     $       -      $       -     $         -
Borrowing from FHLB                   25,000      20,000         5,000              -          50,000
Subordinated Debt                          -           -             -         39,105          39,105
                                   -------------------------------------------------------------------
Total Interest-sensitive
 Liabilities                       $ 609,858   $ 489,086     $ 395,028      $ 147,422     $ 1,641,394
                                   ==================================================================


(1) Loans and leases are net of non-accrual loans and before unamortized
    deferred loan fees and allowance for credit losses.


</TABLE>


       Expected   maturities  of  assets   are   contractual
maturities   adjusted  for  projected   payment   based   on
contractual  amortization  and  unscheduled  prepayments  of
principal   as   well  as  repricing  frequency.    Expected
maturities  for deposits are based on contractual maturities
adjusted for projected rollover rates and changes in pricing
for non-maturity deposits.  The Company utilizes assumptions
supported by documented analysis for the expected maturities
of  its  loans and repricing of its deposits and  relies  on
third  party  data providers for prepayment projections  for
amortizing  securities.   The  actual  maturities  of  these
instruments  could vary significantly if future  prepayments
and  repricing differ from the Company's expectations  based
on historical experience.

      The  Company  uses a computer simulation  analysis  to
attempt  to predict changes in the yields earned  on  assets
and the rates paid on liabilities in relation to changes  in
market  interest rates.  The net interest income  volatility
and  market  value of equity volatility reports measure  the
exposure of earnings and capital, respectively, to immediate
incremental  changes in market interest rates as represented
by the prime rate change of 100 to 200 basis points.  Market
value of portfolio equity is defined as the present value of
assets  minus  the  present value  of  liabilities  and  off
balance   sheet  contracts.   The  table  below  shows   the
estimated  impact  of  changes  in  interest  rates  on  net
interest  income and market value of equity as of  September
30, 2000:


<TABLE>
<CAPTION>



                            Net Interest             Market Value of
Change in Interest       Income Volatility      Portfolio Equity Volatility
Rates (Basis Points)   September 30, 2000 (1)     September 30, 2000 (2)
----------------------------------------------------------------------------
     <S>             <C>                <C>

      +200            -2.08%             -10.65%
      +100            -1.06%              -5.46%
      -100            -1.23%              +5.12%
      -200            -3.66%              +8.41%

(1)  The percentage change in this column represents the change in net
     interest income for 12 months under various rate scenarios.
(2)  The percentage change in this column represents the change in net
     portfolio equity value of the Bank under various rate scenarios.


</TABLE>



      The  Company's primary objective in managing  interest
rate  risk is to minimize the adverse effects of changes  in
interest rates on earnings and capital.  In this regard  the
Company  has  established  internal  risk  limits  for   net
interest  income volatility given a 100 and 200 basis  point
decline in rates of 10% and 15% respectively, over a  twelve
month horizon.  Similarly, risk limits have been established
for  market value of portfolio equity volatility in response
to  a  100 and 200 basis point increase in rates of 10%  and
15%, respectively.


Forward-Looking Statements
--------------------------

     Certain statements contained herein, including, without
limitation,  statements  containing  the  words  "believes,"
"intends," "should", "expects" and words of similar  import,
constitute  "forward-looking statements" within the  meaning
of  the  Private Securities Litigation Reform Act  of  1995.
Such  forward-looking statements involve known  and  unknown
risks,  uncertainties and other factors that may  cause  the
actual  results, performance or achievements of the  Company
to   be   materially  different  from  any  future  results,
performance  or  achievements expressed or implied  by  such
forward-looking  statements.  Such  factors  include,  among
others,  the  following:   general  economics  and  business
conditions  in  those areas in which the  Company  operates;
demographic  changes; competition; fluctuations in  interest
rates;  changes  in business strategy or development  plans;
changes  in  governmental regulation;  credit  quality;  and
other   factors   referenced  herein,   including,   without
limitation, under the captions Provision for Credit  Losses,
Non-Performing   Assets,  Allowance   for   Credit   Losses,
Liquidity  and Interest Rate Sensitivity, Market  Risk,  and
Recent  Accounting Developments.  Given these uncertainties,
the  reader is cautioned not to place undue reliance on such
forward-looking  statements.   The  Company  disclaims   any
obligation  to  update  any  such  factors  or  to  publicly
announce the results of any revisions to any of the forward-
looking statements contained herein to reflect future events
or developments.


Recent Accounting Developments
------------------------------

      In June 1998, the Financial Accounting Standards Board
("FASB")   issued  Statement  No.  133,  "  Accounting   for
Derivative   Instruments  and  Hedging   Activities."   This
statement establishes accounting and reporting standards for
derivative   instruments  (i.e.,   interest   rate   swaps),
including  some  derivative instruments  embedded  in  other
contracts  (collectively referred to as derivatives) and for
hedging activities. It requires that an entity recognize all
derivatives  as either assets or liabilities in the  balance
sheet  and measure those instruments at fair value. In  July
1999,  the  FASB issued Statement No. 137, " Accounting  for
Derivative Instruments and Hedging Activities - Deferral  of
the  Effective Date of FASB Statement No. 133- an  amendment
of  FASB Statement No. 133."  This statement has delayed the
effective date of Statement No. 133 for one year.  This  new
standard is effective for the first quarter in 2001  and  is
not  to be applied retroactively to financial statements  of
prior periods. If FASB Statement No. 133 were implemented on
October 1,2000, the fair value of the warrant whose lock  up
expires on April 3, 2001 might be recognized.

      In June 2000, the Financial Accounting Standards Board
issued  Statement No.138, "Accounting for Certain Derivative
Instruments and Certain Hedging Activities". This  statement
addresses  a limited number of issues causing implementation
difficulties for a large number of entities getting ready to
apply  FASB  No. 133, "Accounting for Derivative Instruments
and  Hedging Activities". FASB No. 138 amends the accounting
and   reporting  standards  of  FASB  No.  133  for  certain
derivative instruments and certain hedging activities.  FASB
No. 138 would be adopted concurrently with implementation of
FASB No. 133.

       In   December  1999,  the  Securities  and   Exchange
Commission released Staff Accounting Bulletin No. 101  ("SAB
101"). SAB 101 provides the staff's views on the application
of  generally  accepted accounting principles  for  selected
revenue recognition issues. The release of SAB 101A and  SAB
101B delayed the implementation date of SAB 101 to March 24,
2000  and  June 26, 2000, respectively. Management  believes
its revenue recognition included in the financial statements
is   in   conformity  with  generally  accepted   accounting
principles.   Accordingly,  the   above   referenced   staff
accounting  bulletins  have  no  impact  on  the   financial
position or results of operations of the Company.











                 PART II - OTHER INFORMATION















Item 1. LEGAL PROCEEDINGS
-------------------------

      In  the  normal  course of business,  the  Company  is
subject to pending and threatened legal actions.  Management
believes  that the outcome of such actions will not  have  a
material adverse effect on the Company's financial condition
or results of operations.


Item 2.  CHANGES IN SECURITIES
------------------------------

      There  have been no changes in the securities  of  the
Registrant during the quarter ended September 30, 2000.


Item 3.  DEFAULT UPON SENIOR SECURITIES
---------------------------------------

     This item is not applicable.

Item  4.   SUBMISSION  OF MATTERS TO A  VOTE  OF  SECURITIES
------------------------------------------------------------
HOLDERS
-------

     No matters were submitted to a vote of security holders
during the quarter ended September 30, 2000.


Item 5.  OTHER INFORMATION
--------------------------

     There are no events to be reported under this item.


Item 6.  EXHIBITS AND REPORTS ON FORM 8-K
-----------------------------------------

     a)  Exhibits: None.
     b)  Reports on Form 8-K:  None.
















                    PART III - SIGNATURES














SIGNATURES


Pursuant to the requirements of the Securities Exchange  Act
of  1934, the Registrant has duly caused this report  to  be
signed  on  its  behalf  by the undersigned  thereunto  duly
authorized.



                                 GBC Bancorp
                                 (Registrant)

                                   Li-Pei Wu
Dated: __________________     s/ ______________________
                                 Li-Pei Wu, Chairman and
                                 Chief Executive Officer


                                   Peter Lowe
Dated: ___________________    s/ _______________________
                                 Peter Lowe, Executive
                                 Vice President and
                                 Chief Financial Officer