SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, DC 20549


                          FORM 10-Q
          Quarterly Report under Section 13 or 15(d)
            of The Securities Exchange Act of 1934


For the Quarter Ended March 31, 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   213/972-4174
----------------------------------------------------------------------
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, 11,511,484 shares  issued
and outstanding as of  March 31, 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 .................... 8


PART II   - OTHER INFORMATION ..................................... 31


  Item 1.   Legal Proceedings...................................... 32

  Item 2.   Changes In Securities ................................. 32

  Item 3.   Default Upon Senior Securities ........................ 32

  Item 4.   Submission Of Matters To A Vote Of Securities Holders . 32

  Item 5.   Other Information ..................................... 32

  Item 6.   Exhibits And Reports On Form 8-K ...................... 32


PART III  - SIGNATURES ............................................ 33















               PART I - FINANCIAL INFORMATION

















                                GBC BANCORP AND SUBSIDIARIES
                                 CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

                                                              March 31,      December 31,
(Dollars In Thousands)                                          2000             1999
------------------------------------------------------------------------------------------
<S>                                                       <C>               <C>
Assets

Cash and Due From Banks                                    $    46,569       $    26,120
Federal Funds Sold and Securities Purchased Under
 Agreements to Resell                                          162,250            80,000
                                                           ------------      ------------
Cash and Cash Equivalents                                      208,819           106,120

Securities Available for Sale at Fair Value (Amortized
 Cost of $753,048, at March 31, 2000 and $697,300 at
 December 31, 1999, respectively)                              734,010           683,017
Securities Held to Maturity (Fair Value of $1,182 at
 March 31, 2000 and $1,241 at December 31, 1999,
 respectively)                                                   1,251             1,300
Trading Securities                                               5,071             1,114
Loans and Leases                                               913,919           925,957
Less: Allowance for Credit Losses                              (19,945)          (19,808)
      Deferred Loan Fees                                        (3,829)           (4,149)
                                                           ------------      ------------
Loans and Leases, Net                                          890,145           902,000
Bank Premises and Equipment, Net                                 5,465             5,435
Other Real Estate Owned, Net                                     7,369             8,170
Due From Customers on Acceptances                                9,664             7,197
Real Estate Held for Investment                                  5,098             5,522
Other Investments                                               10,515             9,801
Accrued Interest Receivable and Other Assets                    19,448            14,524
                                                           ------------      ------------
Total Assets                                               $ 1,896,855       $ 1,744,200
                                                           ============      ============

Liabilities and Stockholders' Equity

Deposits:
 Demand                                                    $   187,235       $   174,753
 Interest Bearing Demand                                       405,542           323,451
 Savings                                                        79,850            78,050
 Time Certificates of Deposit of $100,000 or More              752,999           712,398
 Other Time Deposits                                           204,752           202,159
                                                           ------------      ------------
Total Deposits                                               1,630,378         1,490,811


Forward Sales Equity Securities                                  3,459               828
Borrowings from the Federal Home Loan Bank                      50,000            50,000
Subordinated Debt                                               39,039            39,007
Acceptances Outstanding                                          9,664             7,197
Accrued Expenses and Other Liabilities                          26,231            23,319
                                                           ------------      ------------
Total Liabilities                                            1,758,771         1,611,162


Stockholders' Equity:
 Common Stock, No Par or Stated Value;
  40,000,000 Shares Authorized; 11, 511,484
  shares and 11,523,019 Shares Outstanding
  at March 31, 2000 and December 31, 1999,
  respectively                                             $    60,026       $    57,289
 Accumulated Other Comprehensive Loss                          (11,041)           (8,286)
 Retained Earnings                                              90,670            84,035
 Shares Held in Trust for Deferred Compensation                 (1,571)                -
                                                           ------------      ------------
Total Stockholders' Equity                                     138,084           133,038
                                                           ------------      ------------
Total Liabilities and Stockholders' Equity                 $ 1,896,855       $ 1,744,200
                                                           ============      ============
</TABLE>

See Accompanying Notes to Consolidated Financial Statements











                           GBC BANCORP AND SUBSIDIARIES
                         CONSOLIDATED STATEMENTS OF INCOME

<TABLE>
<CAPTION>

                                                             For the Three Months Ended
                                                                     March 31,
(In Thousands, Except Per Share Data)                           2000             1999
------------------------------------------------------------------------------------------
<S>                                                       <C>              <C>

INTEREST INCOME
 Loans and Leases, Including Fees                           $     22,443     $     18,826
 Securities Available for Sale                                    11,621           10,890
 Securities Held to Maturity                                          20              305
 Federal Funds Sold and Securities
  Purchased under Agreements to Resell                             1,671            1,132
 Other                                                                 3                1
                                                            _____________    _____________
Total Interest Income                                             35,758           31,154


INTEREST EXPENSE
 Interest Bearing Demand                                           2,827            1,635
 Savings                                                             475              418
 Time Certificates of Deposits of $100,000
  or More                                                          9,050            7,100
 Other Time Deposits                                               2,248            2,883
 Federal Funds Purchased and Securities
  Sold under Repurchase Agreements                                     9               17
 Borrowings from the Federal Home Loan Bank                          613              504
 Subordinated Debt                                                   870              870
                                                            _____________    _____________
Total Interest Expense                                            16,092           13,427

Net Interest Income                                               19,666           17,727
Provision for Credit Losses                                            -            1,500
                                                            _____________    _____________
Net Interest Income after Provision for
 Credit Losses                                                    19,666           16,227


NON-INTEREST INCOME
 Service Charges and Commissions                                   1,966            1,640
 Gain on Sale of Loans, Net                                            3               99
 Gain on Sale of Fixed Assets                                          4                -
 Trading Account Revenue                                           5,201                -
 Expense from Other Investments                                       (2)               -
 Other                                                                67              113
                                                            _____________    _____________
Total Non-Interest Income                                          7,239            1,852


NON-INTEREST EXPENSE
 Salaries and Employee Benefits                                    5,480            4,472
 Occupancy Expense                                                   797              763
 Furniture and Equipment Expense                                     515              610
 Net Other Real Estate Owned Expense                                 606               46
 Other                                                             1,879            1,704
                                                            _____________    _____________
Total Non-Interest Expense                                         9,277            7,595

Income before Income Taxes                                        17,628           10,484
Provision for Income Taxes                                         6,780            3,919
                                                            _____________    _____________
Net Income                                                  $     10,848     $      6,565
                                                            =============    =============

Earnings Per Share:
 Basic                                                      $       0.94     $       0.48
 Diluted                                                            0.92             0.47
                                                            =============    =============
Weighted Average Basic Shares Outstanding                     11,518,119       13,558,078
                                                            =============    =============
Weighted Average Diluted Shares Outstanding                   11,742,361       13,826,824
                                                            =============    =============

</TABLE>
See Accompanying Notes to Consolidated Financial Statements












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

<TABLE>
<CAPTION>




                                                                         Stock Held     Accumulated
                                                                         in Trust for      Other                        Total
                                            Common Stock      Retained     Deferred    Comprehensive  Comprehensive  Stockholders'
(In Thousands, Except per Share Amounts)  Shares    Amounts   Earnings   Compensation  Income (Loss)  Income (Loss)    Equity
----------------------------------------------------------------------------------------------------------------------------------
<S>                                     <C>         <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                                       $  10,848                              $   10,848     $   10,848
                                                                                                      -----------
 Other Comprehensive Income,
  Net of Tax
  Net Changes in Securities
  Valuation Allowance                                                                     (2,755)         (2,755)        (2,755)
                                                                                                      -----------
Comprehensive Income                                                                                  $    8,093
                                                                                                      ===========
Stock Issued for Executive
 Compensation                                  113      2,401                                                             2,401
Stock held in Trust for
 Deferred Compensation                                                       (1,571)                                     (1,571)
Stock Options Exercised                         23        224                                                               224
Tax Benefit-Stock Options
 Exercised                                                112                                                               112
Stock Repurchase                              (148)               (3,177)                                                (3,177)
Cash Dividend- $.09 per Share                                     (1,036)                                                (1,036)
                                         ---------------------------------------------------------                   -----------
Balance at March 31, 2000                $  11,511   $ 60,026  $  90,670   $ (1,571)   $ (11,041)                    $  138,084
-------------------------                =========   ========  =========   =========   ===========                    ==========

</TABLE>
<TABLE>
<CAPTION>

Disclosure of                                                           For the Quarter                    For the Year
 Reclassification Amount:                                             Ended March 31, 2000            Ended December 31, 1999
<S>                                                                   <C>                             <C>

Net Change of Unrealized Gains
 (Losses) Arising During Period
 Net of Tax Expense (Benefit) of
 ($1,999), ($7,655) in 2000 and
 1999, respectively                                                       $   (2,755)                      $   (10,550)
Less: Reclassification Adjustment
 for Losses Included in Net Income
 Net of Tax Benefit of $0 and $316
 in 2000 and 1999, Respectively                                                    -                               435
                                                                          -----------                      ------------
Net Unrealized (Losses) Gains on
 Securities Net of Tax (Benefit )
 Expense of ($1,999) and ($7,339)
 in 2000 and 1999, Respectively.                                          $   (2,755)                      $   (10,115)
                                                                          ===========                      ============


</TABLE>

See Accompanying Notes to Consolidated Financial Statements








                                  GBC BANCORP AND SUBSIDIARIES
                              CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>




                                                                          For the Three Months Ended March 31,
--------------------------------------------------------------------------------------------------------------
(In Thousands)                                                                   2000               1999
--------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>                <C>

Operating Activities:
Net Income                                                                 $    10,848        $     6,565
Adjustments to Reconcile Net Income to Net Cash Provided by
 Operating Activities:
Depreciation                                                                       370                360
Net Amortization of Premiums on Securities                                         106                159
Net Unrealized Holding Gains on Trading Securities and Liabilities              (2,803)                 -
Proceeds from Sale of Trading Securities                                         2,453                  -
Gain on Sale of Trading Securities                                              (2,398)                 -
Cash Purchases of Trading Securities                                              (200)                 -
Accretion of Discount on Subordinated Notes                                         32                 32
Writedown on Real Estate Held for Investment                                       424                332
Write-off of Goodwill                                                                -                256
Provision for Credit Losses                                                          -              1,500
Provision for Losses on Other Real Estate Owned                                    389                  -
Amortization of Deferred Loan Fees                                                (938)            (1,130)
Gain on Sale of Loans                                                                -                (99)
Gain on Sale of Other Real Estate Owned                                            (29)              (151)
Gain on Sale of Fixed Assets                                                        (4)                 -
Net (Increase)/Decrease in Accrued Interest Receivable and Other
 Assets                                                                         (4,216)             1,293
Net Increase/(Decrease) in Accrued Expenses and Other Liabilities                5,027            (31,231)
Other, net                                                                          (4)                 -
                                                                           ------------       ------------
Net Cash Provided (Used) by Operating Activities                           $     9,057        $   (22,114)
                                                                           ============       ============

Investing Activities:
Purchases of Securities Available for Sale                                 $   (75,662)       $  (155,697)
Proceeds from Maturities of Securities Available for Sale                       20,009            131,087
Proceeds from Maturities of Securities Held to Maturity                             49             18,648
Net Increase in Loans and Leases                                                12,772            (35,189)
Proceeds from Sales of Other Real Estate Owned                                     463              1,812
Capitalized Costs of Other Real Estate Owned                                         -               (283)
Purchases of Premises and Equipment                                               (399)              (211)
Proceeds from Sales of Bank Premises and Equipment                                   4                  -
                                                                           ------------       ------------
Net Cash Used by Investing Activities                                      $   (42,764)       $   (39,833)
                                                                           ============       ============

Financing Activities:
Net Increase/(Decrease) in Demand,Interest Bearing Demand
 and Savings Deposits                                                      $    96,373        $    (6,913)
Net Increase in Time Certificates of Deposit                                    43,194                234
Net Increase in Federal Funds Purchased and Securities Sold
 Under Agreements to Repurchase                                                      -              6,000
Borrowings from the Federal Home Loan Bank                                           -             15,000
Stock Repurchase Program                                                        (3,177)            (9,087)
Cash Dividends Paid                                                             (1,037)            (1,028)
Proceeds from Exercise of Stock Options                                            224                376
Issuance of Stock                                                                  829                  -
                                                                           ------------       ------------
Net Cash Provided by Financing Activisties                                 $   136,406        $     4,582
                                                                           ============       ============

Net Change in Cash and Cash Equivalents                                    $   102,699        $   (57,365)
Cash and Cash Equivalents at Beginning of Period                               106,120            128,514
                                                                           ------------       ------------
Cash and Cash Equivalents at End of Period                                 $   208,819        $    71,149
                                                                           ============       ============
Supplemental Disclosures of Cash Flow Information:
 Cash Paid During This Period for:
  Interest                                                                 $    15,688        $    13,205
  Income Taxes                                                                   2,049              1,155
                                                                           ============       ============
Noncash Investing Activities:
 Loans Transferred to Other Real Estate Owned at Fair Value                $        21        $        64
                                                                           ============       ============
</TABLE>

See Accompanying Notes to Consolidated Financial Statements


















                GBC Bancorp and Subsidiaries

         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
         ------------------------------------------

       In   the   opinion  of  management,   the   unaudited
consolidated  financial statements of GBC  Bancorp  and  its
subsidiaries  (the  "Company") as  of  March  31,  2000  and
December  31, 1999 and the quarter ended March 31, 2000  and
1999,  reflect all adjustments (which consist only of normal
recurring  adjustments) necessary for a  fair  presentation.
Operating results for the three months ended March 31, 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 general accepted
accounting principles.


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

      Basic earnings per share is determined by dividing net
income  by  the weighted average number of shares of  common
stock  outstanding,  while diluted  earnings  per  share  is
determined  by  dividing net income by the weighted  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
--------

      For  the  quarter  ended March 31,  2000,  net  income
totaled $10,848,000, or $0.92   diluted earnings per  share,
compared to $6,565,000, or $0.47 diluted earnings per  share
for the first quarter of 1999.

      The  $4,283,000, or 65.2%, increase in net income from
the  same  period  of  1999  was  primarily  the  result  of
$5,387,000  increase of non-interest income.  This  increase
was  due in turn to the recognition of $5,201,000 of trading
revenue  from  both the receipt of securities  from  venture
capital  funds and the exercise of warrants received  as  an
adjunct  to  its high technology banking relationships.  Net
interest income also increased $1,939,000 and there  was  no
provision  for  credit  losses  necessary  compared  to  the
$1,500,000  for  the  three months  ended  March  31,  1999.
Partially offsetting the above was an increase of $1,682,000
of non-interest expense.

        In February, 2000, the Company announced the receipt
of  $28  million from the sale of a portion  of  the  Bank's
collateral  for  the Sunrise Suites loan.  In  April,  2000,
additional   collateral   for  the   loan,   consisting   of
approximately 18 acres of land, was sold through auction for
$8 million. If the sale closes as expected in May, 2000, the
Bank  will receive funds sufficient to repay the outstanding
principal. The remaining proceeds from the sale that are  to
be paid to the Bank are expected to pay substantial portions
of the interest and expenses on the Sunrise loan. The actual
additional  amount of sale proceeds to be  received  by  the
Bank is subject to resolution of certain remaining disputes.

      On  February  10, 2000, the Bank opened a full-service
branch office in Bellevue, Washington.

     The annualized return on average assets ("ROA") for the
Company was 2.42% and 1.59% for the quarter ended March  31,
2000  and  1999,  respectively.  The  annualized  return  on
average  stockholders' equity ("ROE") for the quarter  ended
March 31, 2000 and 1999 was 31.8% and 16.3%, respectively.


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

Net Interest Income
-------------------

      For  the  quarter ended March 31, 2000 and  1999,  net
interest  income before the provision for credit losses  was
$19,666,000  and $17,727,000, respectively, representing  an
increase of $1,939,000, or 10.9%.  The components explaining
this increase are discussed below.

Interest Income
---------------

      Total interest income for the quarter ended March  31,
2000  was  $35,758,000  compared  to  $31,154,000  for   the
corresponding  period  of  a  year  ago.   The  increase  of
$4,604,000, or 14.8%, was due to both an increase of average
earning  assets  and  the  yield earned  thereon.   For  the
quarter  ended  March  31, 2000 and  1999,  average  earning
assets   were   $1,733.1  million  and   $1,626.6   million,
respectively,  representing  a  $106.5  million,  or   6.5%,
growth.  The yield on earning assets increased from 7.77% to
8.30%,  for  the  quarter ended March  31,  1999  and  2000,
respectively.

      The  53-basis  point increase was mainly  due  to  the
average  prime rate increase of 94 basis points  from  first
quarter  of  1999.  This is reflected in the 93 basis  point
increase  of the yield on federal funds sold and  securities
purchased  under agreements to resell. The  yield  on  total
loans  and  leases increased 44-basis points. Variable  rate
loans that are immediately repricable  average approximately
73% of the loan portfolio.
     The impact of the prime rate increases on the yield  of
total  loans and leases was partially offset by an increased
average  of  non-accrual loans. For the quarter ended  March
31,  2000  and  1999, average non-accrual loans  were  $32.9
million and $21.9 million, respectively. In addition, within
the  loan  portfolio itself, there has been a shift  in  the
composition   of   loan  categories.  The  higher   yielding
construction loans have declined from representing 23.0%  of
the  average loan portfolio for the three months ended March
31, 1999 to 16.4% for the three months ended March 31, 2000.
The yield on securities increased 38 basis points due to the
increase  in  money  market rates and  an  increase  in  the
average  maturity. The 53-basis point increase of the  yield
on  average  earning  assets also reflected  the  increasing
percentage  of  total  average earning assets  from  average
loans  and  leases. As of March 31, 2000 and  1999,  average
loans and leases comprised 52.7% and 49.7%, respectively, of
total average earning assets.

Interest Expense
----------------

      Total interest expense for the quarter ended March 31,
2000  was  $16,092,000  compared  to  $13,427,000  for   the
corresponding  period  of  a  year  ago.   The  increase  of
$2,665,000,  or 19.9%, was due to both the increase  of  the
cost  of  funds and the increase of average interest-bearing
deposits.   The cost of funds increased from 4.13%  for  the
quarter ended March 31, 1999 to 4.47% for the quarter  ended
March 31, 2000 and is primarily due to the increase of short-
term   money  market  rates,  with  all  deposit  categories
reflecting   increased   rates.   Average   interest-bearing
deposits were $1,357.2 million and $1,235.2 million for  the
quarter  ended  March  31, 2000 and 1999,  respectively,  an
increase  of  $122.0  million,  or  9.9%.   The  growth  was
primarily in the higher costing time certificates of deposit
of $100,000 or more which increased $105.2 million and lower
costing  interest  bearing  demand  which  increased   $76.6
million.  These increases were partially offset by  a  $60.1
million decline of the average other time deposits.

      For the quarter ended as indicated the average balance
and rates paid for the deposit categories were as follows:

<TABLE>
<CAPTION>


                                              For the Quarter Ended March 31,
(Dollars in Thousands)                                2000         1999
-----------------------------------------------------------------------------
<S>                                               <C>          <C>

Interest-bearing demand - Average balance          $ 358,545    $ 281,950
Rate                                                   3.17%        2.35%

Savings - Average balance                             79,696       79,379
Rate                                                   2.40%        2.14%

Time certificates of deposit
 of $100,000 or more - Average balance               721,608      616,412
Rate                                                   5.04%        4.67%

Other time deposits - Average balance                197,379      257,443
Rate                                                   4.58%        4.54%

</TABLE>


      The  net  interest spread, defined  as  the  yield  on
earning  assets  less  the  rates paid  on  interest-bearing
liabilities, increased to 3.83% for the quarter ended  March
31,  2000 from 3.64% for the corresponding period of a  year
ago.   The 19 basis point increase is primarily due  to  the
reasons as explained above.

      The  net  interest margin, defined as  the  annualized
difference  between  interest income  and  interest  expense
divided  by  average interest earning assets,  increased  14
basis  points to 4.56% for the quarter ended March 31, 2000,
from  4.42% for the corresponding period of a year ago.  The
net  interest  margin increased somewhat less than  the  net
interest  spread due to the decline of average stockholders'
equity as a result of stock repurchase programs.


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

     For the quarter ended March 31, 1999, the provision for
credit  losses was $1,500,000.  For the quarter ended  March
31, 2000, there was no provision for credit losses.

       The   substantial  reduction  in  non-accrual   loans
outstanding and a net recovery in the quarter were primarily
the reason no provision was deemed necessary. As of
March  31,  2000 and March 31, 1999, outstanding non-accrual
loans were $12.2 million and $50.6 million, respectively. As
previously discussed, there was a $28 million pay-down of  a
non-accrual loan in the first quarter of 2000.

      For the quarter end March 31, 2000 net recoveries were
$0.1 million compared to net charge-offs of $0.4 million for
the year ago quarter.

      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  March  31,
2000  totaled $7,239,000 compared to $1,852,000 for the same
period  ended March 31, 1999.  In addition to the $5,201,000
of  trading account revenue, service charges and commissions
were up $326,000, or 19.9%, from the first quarter of 1999.

      Trading account revenue is income earned on securities
classified as trading account securities. During  the  three
months  ended March 31, 2000, the Company's subsidiary,  GBC
Venture Capital, ("VC") received equity securities which  it
held  as trading securities 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.   In  addition,  outstanding  short  sales
transactions  are marked to market through the statement  of
income.   As  of March 31, 2000, VC had entered  into  short
sales of marketable equity securities totaling $3.5 million.


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

      Non-interest expense for the quarter ended  March  31,
2000,  totaled $9,277,000, a $1,682,000, or 22.2%,  increase
over  the  $7,595,000 recorded in the same period  of  1999.
The  increases in non-interest expense were primarily caused
by  the  increases in salary and benefit expenses  and  OREO
expenses.  The $1,008,000 increase in salaries and  employee
benefits  was caused by higher bonus expense, due to  higher
pre-tax   earnings,  and  an  accrual   for   the   deferred
compensation of the Chief Executive Officer of the Company.

      For  the  quarter ended March 31, 2000, the  Company's
efficiency ratio, defined as non-interest expense divided by
the  sum  of  net interest income plus non-interest  income,
declined  to  34.5%, comparing favorably to  38.8%  for  the
corresponding period of 1999.


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

     For the quarter ended March 31, 2000, the provision for
income  taxes was $6,780,000, representing 38.5% of  pre-tax
income.  The provision for the quarter ended March 31,  1999
was $3,919,000, representing 37.4% of pre-tax income.


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

      Total  assets  as  of  March 31, 2000,  were  $1,896.9
million  representing a $152.7 million,  or  8.8%,  increase
from  total  assets of $1,744.2 million as of  December  31,
1999.  The growth of total assets from December 31, 1999  to
March  31, 2000 is primarily funded by an increase of  total
deposits  of $139.6 million.  Both assets and deposits  were
at record levels, as of March 31, 2000.


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

      As  of  March  31, 2000, total loans and  leases  were
$913.9 million compared to $926.0 million as of December 31,
1999,  representing a $12.1 million, or 1.3% decrease.   The
decrease was due to a $46 million decline of the real estate
construction  loan portfolio, partially offset by  increases
in  all the major other loan categories. The decline of  the
real estate construction portfolio was the result of the $28
million  pay down of the Sunrise Suites loan in addition  to
several other pay-offs in the quarter.

     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:


<TABLE>
<CAPTION>



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

Commercial                       $ 417,951       45.73%    $ 398,379       43.02%
Real Estate - Construction         149,128       16.32%      195,133       21.07%
Real Estate - Conventional         303,000       33.15%      295,624       31.93%
Installment                              9          N/A           11          N/A
Other Loans                         27,110        2.97%       30,238        2.19%
Leveraged Leases                    16,721        1.83%       16,582        1.79%
-----------------------------------------------------------------------------------
Total                            $ 913,919      100.00%    $ 925,957      100.00%
                                 ==================================================

N/A = Percentage less than 0.01

</TABLE>




      Trade financing loans which are included in commercial
loans,  increased $19.9 million, or 6.3% from  December  31,
1999,  to  $335.2  million  as of  March  31,  2000.   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  Sates 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.

      Other  loans increased $6.9 million, or 34.0%,  during
the  first  quarter of 2000.  This is mainly from commercial
loans which are 100% secured by certificates of deposit.

      With the increase of commercial loans and the decrease
of construction loans, as explained above, the percentage of
real estate loans to total loans has declined along with the
risk of a concentration in real estate lending.


Non-performing Assets
---------------------

      A  certain degree of risk is inherent in the extension
of  credit.  Management believes that it has credit policies
in  place to assure minimizing 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 in accordance with  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 impaired loans) 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
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, in
accordance   with   management's   judgment   as   to    the
collectability of principal.

       The  following  table  provides  information  on  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)                     March 31, 2000   December 31, 1999
---------------------------------------------------------------------
<S>                               <C>              <C>

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

Non-accrual Loans                     12,178           44,521

Total Past Due Loans                  12,178           44,521

Restructured Loans (on
 Accrual Status)                       7,173            7,249

Total Non-performing
 and Restructured Loans               19,351           51,770

Other Real Estate Owned,               7,369            8,170
 Net
---------------------------------------------------------------------
Total Non-performing Assets        $  26,720        $  59,940
---------------------------------------------------------------------


</TABLE>


       Total  non-performing  assets  decreased  from  $59.9
million to $26.7 million from December 31, 1999 to March 31,
2000,  respectively.  The $33.2 million or  55.4%,  decrease
was the result of the decline of non-accrual loans.

Loans 90 Days or More Past Due
------------------------------

      There  was no credits comprising this category  as  of
March 31, 2000 nor as of December 31, 1999.



Non-accrual loans
-----------------

      The  $32.3  million or 72.6%, decrease of  non-accrual
loans,  is due to the $28 million pay down received  on  the
Sunrise  Suites non-accrual construction loan, as  discussed
above.

      The  following table identifies the components of  the
reduction in non-accrual loans during the three months ended
March 31, 2000:

<TABLE>
<CAPTION>

        -----------------------------------------------
        Non-Accrual Loans (In Thousands)
        -----------------------------------------------
        <S>                                   <C>

        Balance, December 31, 1999             $44,521

        Add: Loans placed on non-accrual           308
        Less: Charge-offs                          (11)
              Returned to accrual status             -
              Repayments                       (32,640)
              Transfer to OREO                       -

        Balance, March 31, 2000                 12,178
        -----------------------------------------------


</TABLE>


      The  following  table breaks out  the  Company's  non-
accrual  loans by category as of March 31, 2000 and December
31, 1999:

<TABLE>
<CAPTION>

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

Commercial                        $  5,924           $  8,567
Real Estate - Construction           6,060             35,694
Real Estate - Conventional             194                221
Installment & Other Loans                -                 39
------------------------------------------------------------------
Total                             $ 12,178           $ 44,521
------------------------------------------------------------------


</TABLE>

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

     As of March 31, 2000, the balance of restructured loans
was  $7.2 million, unchanged from December 31, 1999.  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  March  31, 2000, there were two loans on non-accrual
status   totaling   $191,000.   As  of   March   31,   2000,
restructured  loans,  excluding the two  non-accrual  loans,
consisted of eight real estate credits. The weighted average
yield  of  the restructured loans as of March 31,  2000  was
9.90%.

      There  are no commitments to lend additional funds  on
any of the restructured loans.

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

     As of March 31, 2000, other real estate owned ("OREO"),
net  of  valuation allowance of $3.4 million,  totaled  $7.4
million,  representing a decrease of $0.8 million, or  9.8%,
from  the  net  balance of $8.2 million,  net  of  valuation
allowance of $3.0 million, as of December 31, 1999.   As  of
March  31, 2000, OREO consisted of 10 properties, down  from
12 properties, as of December 31, 1999.

      The OREO properties are all physically located in  the
Bank's  market area.  They include single family residences,
commercial   and  industrial  buildings,  and   land.    Six
properties comprise the land category of OREO.  The  Company
does not intend to develop these properties; rather, it will
sell the land undeveloped.

      The  following  table sets forth the  Bank's  OREO  by
property type, as of the dates indicated:

<TABLE>
<CAPTION>

-----------------------------------------------------------
                                March 30,      December 31,
(In Thousands)                     2000           1999
-----------------------------------------------------------
<S>                            <C>            <C>

Property Type
-------------
Single-Family Residential       $   299        $   395
Land                              1,099          1,099
Retail Facilities                   825          1,141
Industrial Facilities             8,550          8,550
                                ---------      ---------
Less: Valuation Allowance        (3,404)        (3,015)
                                ---------      ---------
Total                           $ 7,369        $ 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.   The
following  table  discloses  pertinent  information  as   it
relates  to  the Company's impaired loans as  of  the  dates
indicated:

<TABLE>
<CAPTION>



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

Recorded Investment with Related Allowance         $ 16,521         $ 42,881
Recorded Investment with no Related Allowance         4,003            4,003
Total Recorded Investment                            20,515           46,884
Specific Allowance on Impaired Loans                  3,498            5,806
------------------------------------------------------------------------------

</TABLE>


       The   $26.4  million  reduction  of  total   recorded
investment is primarily due to the $28 million pay  down  on
the Sunrise Suites non-accrual loan as discussed above.

      The  average  balance of total recorded investment  in
impaired loans was $33.7 million for the three months  ended
March 31, 2000 and $46.5 million for the twelve months ended
December 31, 1999.

     For the quarter ended March 31, 2000 and 1999, interest
income  recognized  on  impaired  loans  was  $178,000   and
$180,000,  respectively.  Of the amount of  interest  income
recognized  during  the quarters ended March  31,  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  continue to 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 March 31, 2000, the balance of the allowance for
credit  losses  was  $19.9 million,  representing  2.18%  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
allowance  for  credit  losses (which  amount  includes  the
allowance  on  impaired loans), for the  three-month  period
ended as indicated:

<TABLE>
<CAPTION>


---------------------------------------------------------------------
(IN THOUSANDS)                        March 31, 2000   March 31, 1999
---------------------------------------------------------------------
<S>                                     <C>              <C>

Balance, Beginning of Period             $ 19,808         $ 19,381
Provision for Credit Losses                     -            1,500
Charge-offs                                   (20)          (1,056)
Recoveries                                    157              667
Net Recoveries / [CHARGE-OFFS]                137             (389)

Balance, End of Period                   $ 19,945         $ 20,492
---------------------------------------------------------------------

</TABLE>


      As of March 31, 2000, the allowance represents 164% of
non-accrual   loans   and   103%   of   non-performing   and
restructured loans combined.  As of December 31,  1999,  the
allowance  represented 44.5% of non-accrual loans and  38.3%
of  non-performing  and restructured  loans  combined.   The
increase  of  these  ratios is due to the  decline  of  non-
accrual  loans in general, and the Sunrise Suites  pay-down,
in  particular.   The  provision for credit  losses  is  the
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.

       The   allowance   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 formula allowance.

      The  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  is  adequate  to  cover known  and  inherent  losses
related  to  loans and leases outstanding as  of  March  31,
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.

      Securities that are obtained and 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. Equity  securities
obtained  from  the  exercise of warrants and  distributions
from venture capital funds are classified as trading.

     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  reflected  net  of  tax  in  accumulated  other
comprehensive income.

      As  of  March  31,  2000,  the  Company  recorded  net
unrealized losses of $19,038,000 on its available  for  sale
portfolio.  Other comprehensive income includes $11,033,000,
representing the net unrealized losses, net of tax.

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



<TABLE>
<CAPTION>




                                                               Gross        Gross
(In Thousands)                                Amortized     Unrealized    Unrealized      Fair
March 31, 2000                                   Cost          Gains        Losses        Value
--------------------------------------------------------------------------------------------------
<S>                                          <C>           <C>           <C>            <C>

Securities Held to Maturity
 U.S. Government Agencies                     $   1,247     $    -        $     (69)     $   1,178
 Collateralized Mortgage Obligations                  4          -                -              4
                                              ----------------------------------------------------
Total                                         $   1,251     $    -        $     (69)     $   1,182
                                              ====================================================

Securities Available for Sale
 U.S. Government Agencies                     $  22,594     $    -        $    (471)     $  22,123
 Mortgage Backed Securities                     171,154          -           (6,644)       164,510
 Commercial Mortgage Backed Securities           50,531          -             (584)        49,947
 Corporate Notes                                 59,363          -           (1,508)        57,855
 Collateralized Mortgage Obligations            158,026          -           (4,693)       153,333
 Asset Backed Securities                        284,986          -           (5,138)       279,848
 Other Securities                                 6,394          -                -          6,394
                                              ----------------------------------------------------
Total                                         $ 753,048     $    -        $ (19,038)     $ 734,010
                                              ====================================================


Trading Account Securities
 Equity Issues                                $       -     $    -        $       -      $   5,071
                                              ----------------------------------------------------
                                              $       -     $    -        $       -      $   5,071
                                              ====================================================

</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. Treassuries
 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>





     As  of March 31, 2000, trading securities totaled  $5.1
million  and were comprised of three equity securities.  The
equity securities are non interest yielding instruments.

     There were no sales of securities available for sale or
securities  held to maturity during the quarter ended  March
31, 2000 and 1999.


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

      As  of March 31, 2000, other investments totaled $10.5
million. The balance is comprised of various venture capital
funds  that  invest in technology companies. 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 $7.4 million as of March  31,  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.


Deposits
--------

      The Company's deposits totaled $1,630.4 million as  of
March 31, 2000, an increase of $139.6 million, or 9.4%  from
$1,490.8  million as of December 31, 1999.  The growth  took
place  in  all deposit categories.  The time certificate  of
deposit  of  $100,000  or  more and interest-bearing  demand
increased $40.6 million and $82.1 million, respectively.

     There were no brokered deposits outstanding as of March
31,  2000 and December 31, 1999.  The Company believes  that
the  majority of its deposit customers have strong  ties  to
the Bank.  Although the Company has a significant amount  of
time  certificates  of deposit of $100,000  or  more  having
maturities  of one year or less, and has experienced  growth
in  this  area, the depositors have generally renewed  their
deposits in the past at their maturity.

      The  maturity schedule of time certificates of deposit
of $100,000 or more as of March 31, 2000 is as follows:

<TABLE>
<CAPTION>

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

3 Months or Less                            $  379,690
Over 3 Months Through 6 Months                 191,594
Over 6 Months through 12 Months                165,734
Over 12 Months                                  15,981
------------------------------------------------------
Total                                       $  752,999
------------------------------------------------------


</TABLE>


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

      As  of  March  31, 2000, the Company had $3.5  million
outstanding  net of $0.4 million mark to market  of  forward
sales involving two equity securities. The equity securities
are non interest bearing.


Other 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.  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 of credit equal
to  25 percent of its assets.  The following relates to  the
four outstanding advances as of March 31, 2000:

<TABLE>
<CAPTION>


    Maturity           Amount          Fixed Rate of Interest
                    (In Thousnds)
 ------------------------------------------------------------
 <C>                  <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 March
31, 2000 has a composite fixed rate of interest of 4.85%.


Regulatory Matters
------------------

      The  Company  has  filed the application  election  to
become  a  financial holding company pursuant  to  the  Bank
Holding  Company  Act and the Regulation Y  of  the  Federal
Reserve Board (the "Board").  The Board has reviewed all the
facts  of  record  including capital, CRA rating  and  other
relevant examination and information and has determined that
the Company's election to become a financial holding company
is effective as of March 13, 2000.





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

     Stockholders' equity totaled $138.1 million as of March
31,  2000, an increase of $5.1 million, or 5.0%, 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                                  (3,177)
Net Income                                           10,848
Cash Dividends Declared                              (1,036)
Change in Securities  Valuation, Net of Tax          (2,755)
Stock Issuance                                        2,401
Exercise of Stock Options and related
 Tax Benefits                                           336
Shares Held in Trust for Deferred Compensation       (1,571)
------------------------------------------------------------
Balance as of March 31, 2000                     $  138,084
------------------------------------------------------------

</TABLE>


     On December 20, 1999, the Board of Directors authorized
a  stock repurchase program approving the buy-back of up  to
$10  million of the Company's stock.  As of March 31,  2000,
148,000  shares had been repurchased at an average  cost  of
$21.46 per share.  As of April 30, 2000, 153,700 shares  had
been  repurchased for $3.3 million, for an average  cost  of
$21.49 per share.

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

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------
                                    Well-Capitalized     March 31,   December 31,
                                      Requirements         2000         1999
---------------------------------------------------------------------------------
<S>                                        <C>            <C>          <C>

GBC Bancorp
Tier 1 Leverage Ratio                       5%             8.21%        8.06%
Tier 1 Risk-Based Capital Ratio             6%             8.89%        9.07%
Total Risk-Based Capital Ratio             10%            12.41%       12.83%

General Bank
Tier 1 Leverage Ratio                       5%             9.69%        9.58%
Tier 1 Risk-Based Capital Ratio             6%            10.55%       10.82%
Total Risk-Based Capital Ratio             10%            11.75%       12.07%
---------------------------------------------------------------------------------

</TABLE>

      For the quarter ended March 31, 2000, the ratio of the
Company's average stockholders' equity to average assets was
7.61%.  For the year ended December 31, 1999, this ratio was
8.57%.   The decrease of the ratio is mainly the  result  of
the  repricing of the securities available for sale. For the
year  ended  December 31, 1999, the average  net  unrealized
holding  losses,  net  of  tax was  $1,446,000  compared  to
$8,308,000  for  the  quarter  ended  March  31,  2000.   In
addition,  during these two periods average assets increased
by $91.7 million.

Executive Obligation Trust ("Rabbi Trust")
------------------------------------------

     In the first quarter, 2000, the Company entered into  a
trust  agreement with Union Bank of California  (the  "Rabbi
Trust").  The  purpose  of the Rabbi 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.
Accordingly, in March, 71,007 restricted shares  of  Company
stock previously earned, were issued and transferred to  the
Rabbi Trust.

     Upon  consolidation, the total stockholders' equity  is
reduced  by  the cost of the shares held in the Rabbi  Trust
and  the  deferred compensation obligation  is  included  in
accrued expenses and other liabilities.

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.   Liquidity  is
monitored  by  management  on  an  on-going  basis.    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  $725.7 million, or 38.3%, of total assets,  as
of  March 31, 2000, compared to $504.5 million, or 28.9%, of
total   assets,  as  of  December  31,  1999.  The  year-end
liquidity  ratio was depressed due to increased pledging  to
the  Federal Reserve Bank as part of the overall  Year  2000
preparedness of the Company.

      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
equal  to 25 percent of assets with terms up to 360  months.
As   of   March  31,  2000,  the  Company  has  $50  million
outstanding  under  this  financing  facility.    Management
believes its liquidity sources to be stable and adequate.

       As   of  March  31,  2000,  total  loans  and  leases
represented 56.1% of total deposits.  This compares to 62.1%
as of  December 31, 1999.

      The  liquidity of the parent company, GBC Bancorp,  is
primarily dependent on the payment of cash dividends by  its
subsidiary, General Bank, subject to the limitations imposed
by  the Financial Code of the State of California.  For  the
three  months  ending March 31, 2000, General Bank  declared
cash dividends of $4.5 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  are  utilized 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  March 31, 2000 there is a cumulative one  year
negative  "gap" of $604.8 million. As of December 31,  1999,
there  was  a cumulative one year negative "gap"  of  $591.4
million.

      The  following table indicates the Company's  interest
rate sensitivity position as of March 31, 2000, and is based
on  contractual maturities.  It may not be representative of
positions in subsequent periods.


<TABLE>
<CAPTION>





                                                                            March 31, 2000
                                                                      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             $    14,623   $        -     $   113,622     $   605,765   $          -    $  734,010
Securities Held to Maturity                         -            -           1,247               4              -         1,251
Trading Account Securities                          -            -               -               -          5,071         5,071
Federal Funds Sold & Securities
Purchased Under Agreement to Resell           162,250            -               -               -              -       162,250
Loans and Leases (1) (2)                      644,305       28,811         115,863         112,762              -       901,741
Loans to Depository Insititutions                   -            -               -               -              -             -
Non-Earning Assets (2)                              -            -               -               -         92,532        92,532
                                          --------------------------------------------------------------------------------------
Total Earning Assets                      $   821,178   $   28,811     $   230,732     $   718,531   $     97,603    $1,896,855
                                          =====================================================================================


Source of Funds for Assets:

Deposits:
 Demand - N/B                             $         -   $        -     $         -     $         -   $    187,235    $  187,235
 Interest Bearing Demand                      405,542            -               -               -              -       405,542
 Savings                                       79,850            -               -               -              -        79,850
 TCD'S Under $100,000                          82,229      115,175           7,348               -              -       204,752
 TCD'S $100,000 and Over                      379,690      357,328          15,981               -              -       752,999
                                          -------------------------------------------------------------------------------------
Total Deposits                            $   947,311   $  472,503     $    23,329     $         -   $    187,235    $1,630,378
                                          =====================================================================================


Forward Sales Equity Security             $         -   $        -      $        -     $         -   $      3,459    $    3,459
Borrowings from the Federal Home Loan
 Bank                                               -       35,000          15,000               -              -        50,000
Subordinated Debt                                   -            -               -          39,039              -        39,039
Other Liabilities                                   -            -               -               -         35,895        35,895
Stockholders' Equity                                -            -               -               -        138,084       138,084
                                          -------------------------------------------------------------------------------------
Total Liabilities and Stockholders'
 Equity                                   $   947,311   $  507,503     $    38,329     $    39,039   $    364,673    $1,896,855
                                          =====================================================================================


Interest Sensitivity Gap                  $  (126,133)  $ (478,692)    $   192,403     $   679,492   $   (267,070)
Cumulative Interest Sensitivity Gap       $  (126,133)  $ (604,825)    $  (412,422)    $   267,070   $          -
Gap Ratio (% of Total Assets)                   -6.6%       -25.2%           10.1%           35.8%         -14.1%
Cumulative Gap Ratio                            -6.6%       -31.8%          -21.7%          -14.1%           0.0%

</TABLE>

(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.








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
indicates  the  Company's  financial  instruments  that  are
sensitive to changes in interest rates categorized by  their
expected maturity, as of March 31, 2000:











<TABLE>
<CAPTION>






                                          -------------------------------------------------------------------------
                                          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             $  28,094       $  84,910        $ 510,204        $ 110,802   $  734,010
Securities Held to Maturity                   1,251               -                -                -        1,251
Federal Funds Sold & Securities
 Purchased Under Agreements to Resell       162,250               -                -                -      162,250
Loans and Leases (1)                        644,305          28,811          115,863          112,762      901,741
                                          -------------------------------------------------------------------------
Total Interest-earning Assets             $ 835,900       $ 113,721        $ 626,067        $ 223,564   $1,799,252
                                          =========================================================================

Interest-sensitive Liabilities:
Deposits:
 Interest Bearing Demand                  $  13,932       $  41,797        $ 269,415        $  80,398   $  405,542
 Savings                                      2,662           7,985           53,233           15,970       79,850
 Time Deposit of Certificates               461,869         472,553           23,329                -      957,751
                                          -------------------------------------------------------------------------
Total Deposits                            $ 478,463       $ 522,335        $ 345,977        $ 96,368    $1,443,143
                                          =========================================================================

Borrowing from FHLB                       $       -       $  35,000        $  15,000        $      -    $   50,000
Subordinated Debt                                 -               -                -          39,039        39,039
                                          -------------------------------------------------------------------------
Total Interest-sensitive Liabilities      $ 478,463       $ 557,335        $ 360,977        $135,407    $1,532,182
                                          =========================================================================

</TABLE>

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








       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  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 March 31, 2000:



<TABLE>
<CAPTION>



                      Net Interest Income      Market Value Of Equity
 Interest Rates           Volatility                Volatility
 (Basis Points)        March 31, 2000 (1)        March 31, 2000 (2)
---------------------------------------------------------------------
    <C>                    <C>                        <C>

     +200                    2.1%                      -8.8%
     +100                    0.5%                      -5.0%
     -100                   -1.9%                       5.7%
     -200                   -4.9%                       9.7%

</TABLE>


(1) The percentage change in this column represents net interest income
    for 12 months in a stable interest rate enviornment versus the net
    interest income in the various rate scenarios
(2) The percentage change in this column represents net portfolio value
    of the Bank in a stable interest rate environment versus the net
    portfolio value in the various rate scenarios








      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 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  "indicates,"
"anticipates," "believes," "intends," "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,
Market  Risk,  Liquidity and Interest Rate Sensitivity,  and
Year  2000.   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. Management does not believe there will  be  a
material adverse impact on the financial position or results
of operations of the Company upon adoption of FASB Statement
No. 133.























                 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 March 31, 2000.


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

     This item is not applicable.


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

      No  matters  were submitted to a vote of  the  Company
security holders during the quarter ended March 31, 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)




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




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