4

             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 Quarter Ended June 30, 2000 Commission file number 0-16213


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


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


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


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


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

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


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

      Common  stock, no par value, 11,456,027 shares  issued
and outstanding as of June 30, 2000.










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



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


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

  Item 2.  Management's Discussion and Analysis of Financial
           Condition and Results of  Operations .............   8


PART II  - OTHER INFORMATION ................................  35

  Item 1.  Legal Proceedings ................................  36

  Item 2.  Changes In Securities ............................  36

  Item 3.  Default Upon Senior Securities ...................  36

  Item 4.  Submission Of Matters To A Vote Of  Securities
           Holders ..........................................  36

  Item 5.  Other Information ................................  37

  Item 6.  Exhibits And Reports On Form 8-K .................  37


PART III - SIGNATURES .......................................  38














               PART I - FINANCIAL INFORMATION
















                             GBC BANCORP AND SUBSIDIARIES
                              CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

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

Assets

Cash and Due From Banks                                   $    47,942          $    26,120
Federal Funds Sold and Securities Purchased
 Under Agreements to Resell                                    91,750               80,000
                                                          -----------          -----------
Cash and Cash Equivalents                                     139,692              106,120

Securities Available for Sale at Fair Value
 (Amortized Cost of $812,005 and $697,300
  at June 30,2000 and December 31, 1999,
  respectively)                                               794,603              683,017
Securities Held to Maturity (Fair Value of
 $1,122 and $1,241 at June 30, 2000 and December
 31, 1999, respectively)                                        1,188                1,300
Trading Securities                                              3,189                1,114
Loans and Leases                                              941,350              925,957
Less:  Allowance for Credit Losses                            (20,433)             (19,808)
       Deferred Loan Fees                                      (3,982)              (4,149)
                                                          -----------          -----------
Loans and Leases, Net                                         916,935              902,000
Bank Premises and Equipment, Net                                5,593                5,435
Other Real Estate Owned, Net                                    6,733                8,170
Due From Customers on Acceptances                               9,606                7,197
Real Estate Held for Investment                                 4,674                5,522
Other Investments                                              13,972                9,801
Accrued Interest Receivable and Other Assets                   16,160               14,524
                                                          -----------          -----------
Total Assets                                              $ 1,912,345          $ 1,744,200
                                                          ===========          ===========

Liabilities and Stockholders' Equity

Deposits:
 Demand                                                   $   186,024          $   174,753
 Interest Bearing Demand                                      379,806              323,451
 Savings                                                       71,802               78,050
 Time Certificates of Deposit of $100,000
  or More                                                     787,803              712,398
 Other Time Deposits                                          202,183              202,159
                                                          -----------          -----------
Total Deposits                                              1,627,618            1,490,811


Federal Funds Purchased and Securities Sold
 Under Repurchase Agreements                                    8,500                    -
Forward Sales Equity Securities                                   674                  828
Borrowings from the Federal Home Loan Bank                     50,000               50,000
Subordinated Debt                                              39,072               39,007
Acceptances Outstanding                                         9,606                7,197
Accrued Expenses and Other Liabilities                         24,261               23,319
                                                          -----------          -----------
Total Liabilities                                           1,759,731            1,611,162


Stockholders' Equity:

Common Stock, No Par or Stated Value; 40,000,000
 Shares Authorized; 11,456,027(net of 71,007 shares
 held in trust) and 11,523,019 Shares Outstanding
 at June 30, 2000 and December 31, 1999,
 respectively                                             $    59,038          $    57,289
Retained Earnings                                             102,098               84,035
Accumulated Other Comprehensive Loss                          (10,093)              (8,286)
Shares Held in Trust for Deferred Compensation                  1,571                    -
                                                          -----------          -----------
Total Stockholders' Equity                                    152,614              133,038
                                                          -----------          -----------
Total Liabilities and Stockholders'Equity                 $ 1,912,345          $ 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       For the Six Months Ended
                                                         June 30,                       June 30,
(In Thousands, Except Per Share Data)               2000            1999           2000            1999
--------------------------------------------------------------------------------------------------------
 <S>                                       <C>             <C>            <C>             <C>

INTEREST INCOME
 Loans and Leases, Including Fees           $     26,800    $     18,939   $     49,243    $     37,765
 Securities Available for Sale                    12,833          11,392         24,454          22,282
 Securities Held to Maturity                          19              92             39             397
 Federal Funds Sold and Securities
  Purchased under Agreements to Resell             2,212             879          3,883           2,011
 Other                                                 6               1              9               2
                                            ------------    ------------   ------------    ------------
Total Interest Income                             41,870          31,303         77,628          62,457

INTEREST EXPENSE
 Interest Bearing Demand                           3,412           1,752          6,239           3,387
 Savings                                             487             433            962             851
 Time Certificates of Deposits of
  $100,000 or More                                10,385           7,470         19,435          14,570
 Other Time Deposits                               2,555           2,587          4,803           5,470
 Federal Funds Purchased and
  Securities Sold under
  Repurchase Agreements                               25               8             34              25
 Borrowings from the Federal Home Loan
  Bank                                               612             612          1,225           1,116
 Subordinated Debt                                   871             871          1,741           1,741
                                            ------------    ------------   ------------    ------------
Total Interest Expense                            18,347          13,733         34,439          27,160

Net Interest Income                               23,523          17,570         43,189          35,297
(Benefit)Provision for Credit Losses              (1,500)            500         (1,500)          2,000
                                            ------------    ------------   ------------    ------------
Net Interest Income after (Benefit)
 Provision for Credit Losses                      25,023          17,070         44,689          33,297

NON-INTEREST INCOME
 Service Charges and Commissions                   2,269           1,807          4,235           3,447
 Gain on Sale of Loans, Net                            2              12              5             111
 Gain on Sale of Fixed Assets                          3              22              7              22
 Trading Account Revenue                           2,831               -          8,032               -
 Income(Expense) from Other
  Investments                                       (280)              -           (282)              -
 Other                                                61             102            128             215
                                            ------------    ------------   ------------    ------------
Total Non-Interest Income                          4,886           1,943         12,125           3,795

NON-INTEREST EXPENSE
 Salaries and Employee Benefits                    5,698           4,963         11,178           9,435
 Occupancy Expense                                   880             810          1,677           1,573
 Furniture and Equipment Expense                     489             460          1,004           1,070
 Loss on Sale of Securities Available
  for Sale                                           104               -            104               -
 Net Other Real Estate Owned (Income)
  Expense                                           (297)           (272)           309            (226)
 Other                                             1,858           1,820          3,737           3,524
                                            ------------    ------------   ------------    ------------
Total Non-Interest Expense                         8,732           7,781         18,009          15,376

Income before Income Taxes                        21,177          11,232         38,805          21,716
Provision for Income Taxes                         8,300           4,216         15,080           8,135
                                            ------------    ------------   ------------    ------------
Net Income                                  $     12,877    $      7,016   $     23,725    $     13,581
                                            ============    ============   ============    ============

Earnings Per Share:
 Basic                                      $       1.12    $       0.54   $       2.06    $       1.03
 Diluted                                            1.10            0.53           2.02            1.01
                                            ============    ============   ============    ============
Weighted Average Basic Shares
 Outstanding                                  11,517,794      12,910,221     11,517,957      13,232,360
                                            ============    ============   ============    ============

Weighted Average Diluted Shares
 Outstanding                                  11,710,200      13,132,145     11,726,439      13,477,715
                                            ============    ============   ============    ============

</TABLE>

See Accompanying Notes to Consolidated Financial Statements











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

<TABLE>
<CAPTION>


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

Balance at December 31, 1998          $ 13,712   $ 56,303    $ 104,898    $   1,829                       $ 163,030

Comprehensive Income
 Net Income for the year                                        29,988                   $  29,988           29,988
                                                                                         ---------
 Other Comprehensive Income,
  Net of Tax Net Changes in
  Securities Valuation Allowance                                            (10,115)       (10,115)         (10,115)
                                                                                         ---------
Comprehensive Income                                                                     $  19,873
                                                                                         =========
Stock Options Exercised                     73        664                                                       664
Tax Benefit-Stock
 Options Exercised                                    322                                                       322
Stock Repurchase                        (2,262)                (46,817)                                     (46,817)
Cash Dividend- $.33 per Share                                   (4,034)                                      (4,034)
                                      ----------------------------------------------                      ----------
Balance at December 31, 1999          $ 11,523   $ 57,289    $  84,035    $  (8,286)                      $ 133,038
----------------------------          ========   ========    =========    ==========                      ==========

Comprehensive Income
 Net Income for the year                                        23,725                   $  23,725           23,725
                                                                                         ---------
Other Comprehensive Income,
 Net of Tax Net Changes in
 Securities Valuation Allowance                                              (1,807)        (1,807)          (1,807)
                                                                                         ---------
Comprehensive Income                                                                     $  21,918
                                                                                         =========
Stock Issued for Executive
 Compensation                              114      2,401                                                     2,401
Stock Held by Executive
 Obligation Trust                          (71)    (1,571)       1,571                                            -
Stock Options Exercised                     50        671                                                       671
Tax Benefit-Stock Options
 Exercised                                            248                                                       248
Stock Repurchase                          (160)                 (3,473)                                      (3,473)
Cash Dividend- $.19 per Share                                   (2,189)                                      (2,189)
                                      ----------------------------------------------                      ----------
Balance at June 30, 2000              $ 11,456   $ 59,038    $ 103,669    $ (10,093)                      $ 152,614
------------------------              ========   ========    =========    ==========                      =========

</TABLE>

<TABLE>
<CAPTION>

Disclosure of Reclassification                                          For the Six Months       For the Year
 Amount:                                                                 Ended 6/30/2000       Ended 12/31/1999

<S>                                                                       <C>                   <C>

Net Change of Unrealized Gains (Losses) Arising During Period,
 Net of Tax Expense (Benefit) of ($1,355),($7,655) in 2000 and
 1999, respectively                                                        $   (1,867)           $  (10,550)
Less: Reclassification Adjustment for Losses Included in Net
 Income, Net of Tax Benefit of $44 and $316 in 2000 and 1999,
 respectively                                                                      60                   435
                                                                           -----------           -----------
Net Unrealized (Losses) Gains on Securities, Net of Tax
 (Benefit) Expense of ($1,311) and ($7,339) in 2000 and 1999,
 respectively.                                                             $   (1,807)           $  (10,115)
                                                                           ===========           ===========

</TABLE>


See Accompanying Notes to Consolidated Financial Statements

















                            GBC BANCORP AND SUBSIDIARIES
                       CONSOLIDATED STATEMENTS OF CASH FLOWS


<TABLE>
<CAPTION>

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

Operating Activities:
Net Income                                           $   23,725   $   13,581
Adjustments to Reconcile Net Income to Net
 Cash Provided by Operating Activities:
Depreciation                                                745          658
Net Amortization of Premiums on Securities                   20          618
Net Unrealized Holding Gains on Trading
 Securities and Liabilities                              (2,003)           -
Proceeds from Sale of Trading Securities                  7,554            -
Gain on Sale of Trading Securities                       (6,030)           -
Cash Purchases of Trading Securities                       (200)           -
Accretion of Discount on Subordinated Notes                  65           65
Writedown on Real Estate Held for Investment                848          663
(Benefit)Provision for Credit Losses                     (1,500)       2,000
Provision for Losses on Other Real Estate
 Owned                                                      389            -
Amortization of Deferred Loan Fees                       (1,866)      (2,184)
Loss on Sale of Securities Available for
 Sale                                                       104            -
Gain on Sale of Other Real Estate Owned                    (116)        (720)
Gain on Sale of Fixed Assets                                 (7)         (22)
Net (Increase)/Decrease in Accrued
 Interest Receivable and Other Assets                    (7,557)       1,253
Net Increase/(Decrease) in Accrued
 Expenses and Other Liabilities                           4,073      (31,311)
Other, net                                                    -          388
                                                     ----------   ----------
Net Cash Provided (Used) by Operating
 Activities                                              18,244      (15,011)
                                                     ----------   ----------

Investing Activities:
Purchases of Securities Available for Sale             (169,593)    (236,485)
Proceeds from Maturities of Securities
 Available for Sale                                      48,202      187,412
Proceeds from Maturities of Securities Held
 to Maturity                                                112       22,730
Proceeds from Sales of Securities Available
 for Sale                                                 6,762            -
Net Increase in Loans and Leases                        (11,590)     (69,951)
Proceeds from Sales of Other Real Estate
 Owned                                                    1,186        4,442
Capitalized Costs of Other Real Estate Owned                  -         (308)
Purchases of Premises and Equipment                        (903)        (619)
Proceeds from Sales of Bank Premises and
 Equipment                                                    8           27
                                                     ----------   ----------
Net Cash Used by Investing Activities                  (125,816)     (92,752)
                                                     ----------   ----------

Financing Activities:
Net Increase in Demand, Interest Bearing
 Demand and Savings Deposits                             61,378       27,467
Net Increase in Time Certificates of Deposit             75,429       28,949
Net Increase in Federal Funds Purchased and
 Securities Sold Under Agreements to
 Repurchase                                               8,500        1,000
Net Increase in Borrowings from the Federal
 Home Loan Bank                                               -       15,000
Stock Repurchase Program                                 (3,473)     (17,190)
Cash Dividends Paid                                      (2,190)      (2,028)
Proceeds from Exercise of Stock Options                     671          389
Issuance of Stock                                           829            -
                                                     ----------   ----------
Net Cash Provided by Financing Activities               141,144       53,587
                                                     ----------   ----------
Net Change in Cash and Cash Equivalents                  33,572      (54,176)
Cash and Cash Equivalents at Beginning of
 Period                                                 106,120      128,514
                                                     ----------   ----------
Cash and Cash Equivalents at End of Period           $  139,692   $   74,338
                                                     ==========   ==========
Supplemental Disclosures of Cash Flow
 Information:
 Cash Paid During This Period for:
 Interest                                            $   35,011   $   27,083
 Income Taxes                                             9,899        7,359
                                                     ==========   ==========
Noncash Investing Activities:
 Loans Transferred to Other Real Estate
  Owned at Fair Value                                        21        8,772
 Loans to Facilitate the Sale of Other
  Real Estate Owned                                           -            -
                                                     ==========   ==========

</TABLE>

See Accompanying Notes to Consolidated Financial Statements















                GBC Bancorp and Subsidiaries

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

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

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

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

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

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


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

OVERVIEW
--------

       Net  income  for  the  second  quarter  of  2000  was
$12,877,000, or $1.10 diluted earnings per share compared to
$7,016,000,  or  $0.53 diluted earnings per  share  for  the
corresponding   period  of  1999.   Net   income   increased
$5,861,000, or 83.5%. The increase was the result of  growth
of  net  interest  income, a negative provision  for  credit
losses  and  increased non-interest income. The  above  were
partially offset by an increase of non-interest expense.

      For  the  six months ended June 30, 2000,  net  income
totaled  $23,725,000, an increase of $10,144,000, or  74.7%,
from  the $13,581,000 earned during the corresponding period
of 1999. Diluted earnings per share for the six months ended
June 30, 2000 were $2.02, compared to the $1.01 for the same
period   of  1999.   As  was  the  case  for  the  quarterly
comparison,  the increase of net income was  the  result  of
growth  of  net  interest income, a negative  provision  for
credit  losses, and increased non-interest income, partially
offset by an increase of non-interest expense.

      In  the second quarter, General Bank      (the "Bank")
received the proceeds from  the  sale  of collateral for the
Sunrise  Suites  loan  which were  sufficient to  repay  the
outstanding   principal.   In  addition,  $2.7   million  of
interest   income   recovery  was  recorded.   There  is  an
additional amount of  proceeds from  the  bankruptcy  estate
that is subject to resolution of  certain remaining disputes
before the bankruptcy court.

      In  July,  and  not  included in  the  second  quarter
financial results, an OREO property recorded at $6.1 million
as  of  June  30,  2000  was sold, and  a  pre-tax  gain  of
approximately $0.9 million will be recognized in  the  third
quarter, 2000.

      For  the  quarter ended June 30, 2000  and  1999,  the
annualized  return on average assets ("ROA") was  2.75%  and
1.66%,  respectively, and the annualized return  on  average
stockholders'   equity   ("ROE")  was   35.7%   and   18.0%,
respectively.

     For  the  six months ended June 30, 2000 and 1999,  the
ROA  was 2.59% and 1.63%, respectively.  For the six  months
ended  June 30, 2000 and 1999, the ROE was 33.8% and  17.2%,
respectively.


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

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

      For  the  quarter ended June 30, 2000  and  1999,  net
interest  income before the (benefit) provision  for  credit
losses  increased $5,953,000 or 33.9%, from  $17,570,000  to
$23,523,000.

      Total  interest income for the quarter ended June  30,
2000  was $41,870,000, representing a $10,567,000, or 33.8%,
increase  over  the corresponding quarter  of  a  year  ago.
$2,700,000 million of this increase was due to the  interest
income  recovery mentioned above.  This growth  was  due  to
both a $163.5 million, or 9.9%, increase of average interest
earning  assets  and the increase of the  yield  on  earning
assets  from  7.60% to 9.27%. Over half  of  the  growth  of
average interest earning assets was in the increase  of  the
loan portfolio.

      The  $163.5 million growth of average interest earning
assets  was  comprised of increases of $85.2 million,  $66.2
million  and  $12.1  million for loans and  leases,  federal
funds  sold  and  securities purchased under  agreements  to
resell, and securities, respectively.

             The  yields on all categories of earning assets
increased. The most notable increase was the yield on  loans
and  leases which increased 261 basis points compared to the
corresponding  period  of  a year ago.  Excluding  the  $2.7
million  interest  income recovery from the  Sunrise  Suites
loan,  the  yield  on loans and leases increased  144  basis
points  from  9.07%  to  10.51%. The increase  is  primarily
related to the 150 basis point increase in the prime rate of
interest.  During the quarter ended June 30, 2000 and  1999,
the  daily  average prime was 9.25% and 7.75%, respectively.
In  addition,  the  average  non-accrual  loans  were  $10.2
million during the quarter ended June 30, 2000, compared  to
$50.3  million during the corresponding quarter  of  a  year
ago.   The  yield  on  federal  funds  sold  and  securities
purchased  under  agreements to resell increased  149  basis
points  and was related to the prime increase. The yield  on
securities  increased 65 basis points due to  the  increased
money market rates and an increase in the average maturity.

      Total interest expense for the quarter ended June  30,
2000   was $18,347,000, representing a $4,614,000, or 33.6%,
increase over the corresponding quarter of a year ago.   The
increase  was  due  to both the growth of  average  interest
bearing  liabilities  and the cost  of  funds.  The  average
interest  bearing  liabilities increased $176.2  million  or
13.1%, from the quarter ended June 30, 2000 compared to  the
corresponding quarter of a year ago. The increase was almost
all  in interest bearing deposits. Two categories of deposit
products  accounted  for  this  increase.  Interest  bearing
demand  grew $106.4 million and time certificates of deposit
of $100,000 or more grew $109.5 million.

      For the quarter ended June 30, 2000 and 1999, the cost
of  funds was 4.84% and 4.08%, respectively. The increase in
the cost of funds was primarily the result of an increase in
the  prime  rate of interest as explained above.  The  rates
paid   on   all  categories  of  interest-bearing   deposits
increased.  For  the three months ended June  30,  2000  and
1999, rates paid on interest-bearing deposits were 4.72% and
3.90%,  respectively.  The  following  table  displays   the
average  balance and rates paid for the deposit products  of
the Bank for the quarter ended June 30, 2000 and 1999:

<TABLE>
<CAPTION>

                                              For the Quarter Ended June 30,
(Dollars in Thousands)                                 2000          1999
----------------------------------------------------------------------------
<S>                                              <C>           <C>

Interest-bearing demand - Average balance         $ 392,877     $ 286,450
Rate                                                   3.49%         2.45%

Savings - Average balance                            76,431        81,700
Rate                                                   2.56%         2.13%

Time certificates of deposit of $100,000
 or more - Average balance                          763,622       654,163
Rate                                                   5.47%         4.58%

Other time deposits - Average balance               202,624       238,027
Rate                                                   5.07%         4.36%


</TABLE>


     The  net  interest spread is defined as  the  yield  on
interest  earning  assets less the rates paid  on  interest-
bearing  liabilities.  For the three months ended  June  30,
2000  and  1999, the net interest spread increased 91  basis
points  to 4.43% from 3.52%, respectively. The net  interest
spread excluding the $2,700,000 interest income recovery was
3.84%  for  the  second  quarter  of  2000.  However,   past
increases in the rates paid on time certificates of  deposit
of  $100,000  or  more and on other time  deposits  are  not
immediately  reflected  in the cost  of  funds  due  to  the
average maturity of these deposits.

            The  net  interest  margin  is  defined  as  the
annualized  difference between interest income and  interest
expense divided by average interest earning assets.  For the
three  months ended June 30, 2000 and 1999, the net interest
margin was 5.21% and 4.26%, respectively.  The net  interest
margin   excluding  the  above  referenced  interest  income
recovery was 4.62% for the second quarter of 2000.


Net Interest Income-Six-Month Results
-------------------------------------

      For  the  six months ended June 30, 2000, net interest
income   before   the  provision  for  credit   losses   was
$43,189,000,  representing a $7,892,000,  or  22.4%,  growth
over the corresponding period of a year ago.

     Total interest income for the six months ended June 30,
2000    was   $77,628,000   compared   to   $62,457,000,   a
$15,171,000, or 24.3%, growth over the corresponding  period
of  a year ago.  The increase is the result of the growth of
average  interest earning assets, interest income recoveries
of  $3,236,000  and  the increase of the  yield  on  earning
assets.

      The  net  growth of average earning assets was  $134.9
million represented by increases of $94.8 million and  $44.0
million  for  loans and leases and federal  funds  sold  and
securities    purchased   under   agreements   to    resell,
respectively.  The increases were partially offset by a $3.9
million decrease of securities.

     The yield on interest earning assets increased to 8.80%
from  7.68% for the six months ended June 30, 2000 and 1999,
respectively. The yields on all categories of earning assets
increased with the most notable increase being the yield  on
loans and leases. For the six months ended June 30, 2000 and
1999,  the  yield on loans and leases was 10.79% and  9.25%,
respectively. As was the case with the quarterly comparison,
the  increase of the loan yield was primarily the result  of
the  prime rate increases and net interest income recoveries
of  $3,236,000,  $2,700,000 of  which  was  related  to  the
Sunrise  Suites loan and was received in the second  quarter
of  2000. The daily average prime rate of interest  for  the
six  months  ended  June 30, 2000 and 1999,  was  8.97%  and
7.75%,  respectively, or a 122 basis point increase. If  the
interest  income recoveries are excluded the yield on  loans
and  leases for the six months ended June 30, 2000 would  be
10.08%. Finally, the reduction of the average balance of non-
accrual loans also contributed to the yield growth. For  the
six months ended June 30, 2000 and 1999, average non-accrual
loans were $21.5 million and $36.2 million, respectively.

      The  yield on securities increased from 6.21% to 6.73%
for   the   six  months  ended  June  30,  1999  and   2000,
respectively. The yield on federal funds sold and securities
purchased under agreement to resell increased from 5.06%  to
6.29%  for  the  six months ended June 30,  1999  and  2000,
respectively.

      Total  interest expense for the six months ended  June
30,   2000   and  1999,  was  $34,439,000  and  $27,160,000,
respectively, representing a $7,279,000, or 26.8%, increase.
This  increase  is  due to the growth  of  average  interest
bearing liabilities and a higher cost of funds.

      As  was  the  case for the quarterly  comparison,  the
$152.5  million  growth of interest bearing liabilities  was
due to a $148.6 million growth of interest bearing deposits,
in   general,   and   interest-bearing   demand   and   time
certificates of deposit of $100,000 or more, in  particular.
A  substantial  portion  of the growth  of  interest-bearing
demand  was the result of deposits from technology companies
and venture capital funds in Northern California.

      The  cost of funds increased 55 basis points to  4.66%
from 4.11%, for the six-month period ended June 30, 2000 and
1999,  respectively.  The increase was primarily due to  the
increased  rates paid on all categories of interest  bearing
deposits.  For the six months ended June 30, 2000 and  1999,
the  rate  paid  on average interest -bearing  deposits  was
4.53%  and 3.91%, respectively. This 61 basis point increase
was  primarily  due  to the increase of the  prime  rate  of
interest,  as discussed above. The average balance  and  the
rates paid on the deposit categories were as follows for the
six months ended as indicated:


<TABLE>
<CAPTION>


                                                For the Six Months Ended June 30,
(Dollars in Thousands)                                    2000          1999
---------------------------------------------------------------------------------
<S>                                                 <C>           <C>

Interest-bearing demand - Average balance            $ 375,711     $ 284,213
Rate                                                      3.34%         2.40%

Savings - Average balance                            $  78,062     $  80,545
Rate                                                      2.48%         2.13%

Time certificates of deposit of $100,000
 or more - Average balance                           $ 742,615     $ 635,392
Rate                                                      5.26%         4.62%

Other time deposits - Average balance                $ 200,001     $ 247,681
Rate                                                      4.83%         4.45%


</TABLE>


     For  the  six months ended June 30, 2000 and 1999,  the
net  interest spread increased 57 basis points to 4.14% from
3.57%,  respectively. The net interest spread excluding  the
interest income recovery was 3.83% for the first six  months
of  2000.  The  increase of the spread is  for  the  reasons
explained  above. However, past increases in the rates  paid
on  time certificates of deposit of $100,000 or more and  on
other  time  deposits are not immediately reflected  in  the
cost of funds due to the average maturity of these deposits.
Accordingly,  absent  other  factors,  there  may  be   some
downward pressure on the spread in subsequent quarters.

     For  the  six months ended June 30, 2000 and 1999,  the
net  interest-margin was 4.89% and 4.34%, respectively.  The
net  interest margin excluding the interest income  recovery
of $2.7 million was 4.59% for the first six months of 2000.


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

      For  the  quarter  ended June 30, 2000,  there  was  a
negative provision for credit losses of $1,500,000, compared
to  $500,000 of provision for the corresponding period of  a
year ago. The negative provision was based on the recoveries
on  previously  charged off loans. During the quarter  ended
June  30, 2000, there were net recoveries of  $2.0  million,
bringing  the year to date net recoveries to $2.1 million.

      For  the six months ended June 30, 2000 and 1999,  the
(benefit) / provision for credit losses was ($1,500,000) and
$2,000,000, respectively.

      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  June  30,
2000,  totaled  $4,886,000, representing  a  $2,943,000,  or
151%,  increase  over the $1,943,000 for the  quarter  ended
June  30, 1999.  This increase was primarily due to  trading
account  revenue  of  $2.8 million recorded  in  the  second
quarter   of   2000.   In  addition,  service  charges   and
commissions  increased $462,000, or 25.6%, compared  to  the
corresponding quarter of a year ago.

      Income  from other investments represents  the  Bank's
share  of income / (loss) on limited partnerships and  other
interests which are accounted for under the equity method.

      For  the  six months ended June 30, 2000, non-interest
income  totaled  $12,125,000 representing a  $8,330,000,  or
219%,  increase  compared to $3,795,000 for the  six  months
ended June 30, 1999.  The net increase was primarily due  to
trading account revenue of $8.0 million.

      Trading account revenue is income earned on securities
classified  as  trading  account securities.  The  Company's
subsidiary,  GBC  Venture Capital,  ("VC")  receives  equity
securities  which  it holds as trading securities  primarily
from  two sources: a distribution from venture capital funds
in  which  it invests and the exercise of warrants  acquired
through   the  lending  operations  of  General  Bank,   its
affiliate.   The mark to market and ultimate disposition  of
these   securities  results  in  trading  account   revenue.
Warrants are carried at their cost in other assets until the
time  they  are exercised and the underlying securities  are
received.  The Company has received rights to acquire  stock
in  the  form of warrants issued by 25 companies as of  June
30,  2000,  as  an  adjunct to its high  technology  banking
relationships. The receipt of the warrants does  not  change
the  terms of loans provided high technology customers.  The
Company  also has invested in several venture capital  funds
that invest in technology companies. At June 30, 2000, there
were  $16.1  million  of commitments, and  $6.5  million  of
investments  were  outstanding. In addition  to  seeking  an
appropriate  return for such investments, the Company  seeks
to  use  the  investments to increase  its  high  technology
banking   business  using  referrals  from  the  funds.   In
addition, trading account revenue also includes the mark-to-
market of outstanding forward sale transactions. As of  June
30,  2000,  VC had entered into forward sales of  marketable
equity securities with a fair value of  $0.7 million.

      As  of August 10,  2000, there was  $13.4  million  of
potential pre-tax income from currently restricted-from-sale
or  undistributed shares of public companies, of which $12.2
million  is from the value of warrants from a public company
whose  shares are subject to a lockup agreement expiring  in
December  2000. Shares are obtainable from the  exercise  of
warrants  and  also upon distribution from  venture  capital
funds. The $15.7 million does not include appreciated  stock
of  private  companies  or  the underlying  value  of  stock
obtainable  from  the  exercise  of  warrants  from  private
companies. Both are expected to be an additional  source  of
income  in the future. The timing and amount of income  from
equities  obtained  from both warrants and  venture  capital
funds  is  largely  out of the Company's control,  and  will
depend  upon  the equity markets and merger and  acquisition
activity.

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

      For the three months ended June 30, 2000, non-interest
expense  was $8,732,000, representing a $951,000, or  12.2%,
increase over $7,781,000 for the corresponding period  of  a
year ago.  The increase was primarily due to the increase of
salaries  and  employee benefits which  increased  $735,000.
Included  in the increase is incentive compensation  expense
which  is based on pre-tax earnings.  For the quarter  ended
June  30,  2000,  and 1999, the Company's efficiency  ratio,
defined  as non-interest expense divided by the sum  of  net
interest  income  plus non-interest income,  was  30.7%  and
39.9%,  respectively. The decline of this ratio was  due  in
large  measure to the interest income recovery  and  trading
account revenue as discussed above.

            For  the  six months ended June 30,  2000,  non-
interest expense was $18,009,000, representing a $2,633,000,
or   17.1%,  increase  over  $15,376,000  reported  for  the
corresponding  period of a year ago. The  net  increase  was
primarily  due  to  the  increase in salaries  and  employee
benefits  for the reasons as noted above and higher deferred
compensation for the Chief Executive Officer of the Company.
The  net  other  real  estate owned  (income)  expense  also
increased $535,000 due primarily to net expense in  2000  as
compared  to net gains on sale of OREO recorded in  the  six
months ended June 30, 1999.   For the six months ended  June
30,   2000,  the  Company's  efficiency  ratio  was   32.6%,
comparing favorably to 39.3% for the corresponding period of
1999. The decline of this ratio was due in large measure  to
the interest income recovery and trading account revenue  as
discussed above.


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

      For  the  quarter ended June 30, 2000  and  1999,  the
provision  for  income taxes was $8,300,000 and  $4,216,000,
respectively, representing effective tax rates of 39.2%  and
37.5%.

      For  the six months ended June 30, 2000, the provision
for   income   taxes   was  $15,080,000,   and   $8,135,000,
respectively,  representing  38.9%  and  37.5%  of   pre-tax
income.

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


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

      As  of  June  30, 2000, total assets increased  $168.1
million, or 9.6%, to $1,912.3 million from $1,744.2  million
as  of  December 31, 1999, representing a record total asset
level.

     The  growth of total assets from December 31,  1999  to
June  30, 2000 is reflected in a $138.6 million increase  in
earning  assets  funded by $136.8 million  growth  of  total
deposits.



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

     As of June 30, 2000, total loans and leases were $941.4
million compared to $926.0 million as of December 31,  1999,
representing  a  $15.4 million, or 1.7%, growth.  This  also
represented  a record level for total loans and leases.  The
increase  was  represented  primarily  by  a  $49.6  million
increase  of  commercial  loans, in  general,  and  a  $39.8
million  increase of trade financing loans,  in  particular.
The  growth of this category of loan reflects the growth  in
international  trade  and new customer relationships.  Trade
financing loans are made by the Bank's Corporate Lending and
International Divisions which, in addition to granting loans
to finance the import and export of goods between the United
States  and  countries  in  the Pacific  Rim,  also  provide
letters of credit and other related services. The Bank  does
not make loans to foreign banks, foreign government or their
central  banks,  or  commercial  and  industrial  loans   to
entities domiciled outside of the United States, except  for
the   extension  of  overdraft  privileges  to  its  foreign
correspondent banks on a limited, case by case, basis.

             Partially offsetting the growth provided by the
commercial loan portfolio, there was a $43.8 million decline
of real estate construction loans. The decrease reflects the
pay-off  of  the  Sunrise  Suites  loan  (balance  of  $30.9
million, as of December 31, 2000) and other pay-offs  during
the six months ended June 30, 2000. With the recent interest
rate increases, the Company is remaining conservative in its
underwriting  criteria  despite  competitive  pressures  and
rising  real estate values. This has resulted in a  slowdown
of new construction loans to replace those being paid off.

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

<TABLE>
<CAPTION>

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

Commercial                       $ 447,986      47.59%    $ 398,379      43.02%
Real Estate - Construction         151,365      16.08%      195,133      21.07%
Real Estate - Conventional         300,957      31.97%      295,624      31.93%
Installment                              7         N/A           11         N/A
Other Loans                         24,204       2.57%       20,238       2.19%
Leveraged Leases                    16,831       1.79%       16,582       1.79%
                                 ----------------------------------------------
Total                            $ 941,350     100.00%    $ 925,957     100.00%
                                 ==============================================
</TABLE>

N/A = Percentage less than 0.01





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

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

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

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

<TABLE>
<CAPTION>

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

Loans 90 Days or More Past Due and
 Still Accruing                               $       -           $       -
Non-accrual Loans                                12,591              44,521
Total Past Due Loans                             12,591              44,521
Restructured Loans (on Accrual Status)            4,400               7,249
Total Non-performing and Restructured
 Loans                                           16,991              51,770
Other Real Estate Owned, Net                      6,733               8,170
---------------------------------------------------------------------------
Total Non-performing Assets                   $  23,724           $  59,940
---------------------------------------------------------------------------

</TABLE>


     Total non-performing assets decreased to $23.7 million,
as  of June 30, 2000, from $59.9 million, as of December 31,
1999,  representing  a $36.2 million,  or  60.4%,  decrease.
There  were  no  loans 90 days or more past  due  and  still
accruing as of December 31, 1999 or June 30, 2000. All other
categories  of  non-performing assets decreased  from  their
December 31, 1999 levels.


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

      As  of  June  30, 2000, non-accrual loans  were  $12.6
million, representing a decrease of $31.9 million from year-
end  1999.  The  pay  off of Sunrise  Suites  was  primarily
responsible for the reduction.

      The  following  table breaks out  the  Company's  non-
accrual  loans by category as of June 30, 2000 and  December
31, 1999:

<TABLE>
<CAPTION>

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

Commercial                          $   9,662             $   8,567
Real Estate- Construction               1,374                35,694
Real Estate- Conventional               1,555                   221
Other Loans                                 -                    39
-------------------------------------------------------------------
Total                               $  12,591             $  44,521
-------------------------------------------------------------------

</TABLE>

      The  following table analyzes the net decrease in non-
accrual loans during the six months ended June 30, 2000:


<TABLE>
<CAPTION>

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

Balance, December 31, 1999                 $ 44,521
Add: Loans placed on non-accrual              7,000
Less: Charge-offs                              (186)
      Returned to accrual status                  -
      Repayments                            (38,744)
      Transfer to OREO                            -
----------------------------------------------------
Balance, June 30, 2000                     $ 12,591
----------------------------------------------------

</TABLE>



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

      The  balance of restructured loans as of June 30, 2000
was $4.4 million compared to $7.2 million as of December 31,
1999,  representing a $2.8 million, or 38.9%, decrease.  The
decrease  was primarily due to the pay-off in  full  of  one
restructured loan of $1.2 million in the second  quarter  of
2000,  which  resulted  in a $0.5 million  recovery  to  the
allowance  for  credit  losses.  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,
however, included in the balance of restructured loans,  but
are  included in the total of non-accrual loans.  As of June
30,  2000,  three restructured loans totaling  $1.7  million
were   on   non-accrual  status.   As  of  June  30,   2000,
restructured  loans, excluding those on non-accrual  status,
totaled  $4.4 million and consisted of 6 loans  compared  to
$7.2  million  and  9 loans as of December  31,  1999.   The
weighted average yield of the restructured loans was  10.48%
as of June 30, 2000.

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


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

      As  of June 30, 2000, other real estate owned, net  of
valuation  allowance of $3.4 million, totaled $6.7  million.
This  represents a decrease of $1.5 million, or 18.3%,  from
the  balance of $8.2 million, net of valuation allowance  of
$3.0  million, as of December 31, 1999.  As of June 30, 2000
and December 31, 1999, OREO consisted of 7 properties and 12
properties, respectively.


     As of June 30, 2000 the outstanding OREO properties are
all  physically  located in the Bank's  market  area.   They
include single  family  residential,  commercial  buildings,
industrial facilities and  land.   Five properties  comprise
the land  category  of OREO. The  Company  does  not  intend
to  develop  these properties.

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

<TABLE>
<CAPTION>
-----------------------------------------------------------------
                                    June 30,         December 31,
(In Thousands)                        2000               1999
-----------------------------------------------------------------

Property Type
-------------
<S>                             <C>                  <C>

Single-Family Residential        $        -           $      395
Land                                  1,084                1,099
Retail Facilities                       803                1,141
Industrial Facilities                 8,250                8,550
                                 --------------------------------
Less: Valuation Allowance            (3,404)              (3,015)
                                 --------------------------------
Total                            $    6,733           $    8,170
                                 ================================

</TABLE>


      Included in industrial facilities is an OREO  property
which  was sold in July. As of June 30, the property  had  a
carrying  value  of $6.1 million. Proceeds received  on  the
sale  were  $7.5 million, and it is estimated  that  a  $0.9
million  gain on sale will be recorded in the third  quarter
2000.



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

      A  loan  is identified as impaired when it is probable
that  interest and principal will not be collected according
to  the  contractual  terms  of the  loan  agreement.   Loan
impairment  is  measured by estimating the  expected  future
cash  flows and discounting them at the respective effective
interest  rate or by valuing the underlying collateral.   Of
the  $15.8 million of outstanding impaired loans as of  June
30,  2000,  $2.5  million are included  in  the  balance  of
restructured loans and are performing pursuant to the  terms
and  conditions  of the restructuring. The  following  table
discloses  pertinent  information  as  it  relates  to   the
Company's impaired loans as of the dates indicated:


<TABLE>
<CAPTION>


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

Recorded Investment with Related Allowance          $ 11,787            $ 42,881
Recorded Investment with no Related Allowance          4,030               4,003
Total Recorded Investment                             15,817              46,884
Allowance for Impaired Loans                           2,941               5,806
----------------------------------------------------------------------------------

</TABLE>

             The  $31.1  million decrease  of  the  recorded
investment  of impaired loans is due to the pay-off  of  the
Sunrise Suites non-accrual loan as discussed above.

      The  average  balance  of impaired  loans  before  the
allowance  was $25.9 million for the six months  ended  June
30,  2000  and  $46.5  million for the twelve  months  ended
December 31, 1999.

      For  the  six  months ended June 30,  2000  and  1999,
interest  income recognized on impaired loans  was  $197,000
and  $548,000,  respectively.  Of  the  amount  of  interest
income recognized during the six months ended June 30,  2000
and  1999,  no interest was recognized under the cash  basis
method.

      Management  cannot  predict the extent  to  which  the
current  economic  environment, including  the  real  estate
market,  may  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 June 30, 2000, the balance of the allowance for
credit  losses  was  $20.4 million,  representing  2.17%  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 six months  ended  as
indicated:

<TABLE>
<CAPTION>

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

Balance, Beginning of Period                $ 19,808         $ 19,381
Provision for Credit Losses                   (1,500)           2,000
Charge-offs                                     (194)          (4,157)
Recoveries                                     2,319            1,837
Net Recoveries (Charge-offs)                   2,125           (2,320)
Balance, End of Period                      $ 20,433         $ 19,061
----------------------------------------------------------------------

</TABLE>



      As of June 30, 2000, the allowance represents 120% and
162%  of  non-performing and restructured loans and of  non-
accrual  loans, respectively.  As of December 31, 1999,  the
allowance  represented  38.3% and  44.5%  of  non-performing
loans  and of non-accrual loans, respectively. The  increase
of  these ratios is due to the decline of non-accrual  loans
in general, and the Sunrise Suites pay-off, 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, in order to determine the amount of the allowance for
credit  losses.  The  balance of the  allowance  for  credit
losses is an accounting estimate of probable but unconfirmed
incurred losses in the Bank's loan portfolio as of June  30,
2000.

       Such   an  amount  is  based  on  ongoing,  quarterly
assessments of the probable estimated losses inherent in the
loan  and  lease  portfolio, and to a lesser extent,  unused
commitments to provide financing.  The Company's methodology
for  assessing the appropriateness of the allowance consists
primarily of the use of a formula allowance.

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


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

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

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


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


Securities
----------

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

      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
received   upon  the  exercise  of  warrants  and   security
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 stockholders' equity.

     As   of  June  30,  2000,  the  Company  recorded   net
unrealized  losses  of $17,402,000 on its available-for-sale
portfolio.   Accumulated other comprehensive  loss  includes
$10,085,000, representing the net unrealized losses, net  of
tax.

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

<TABLE>
<CAPTION>



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

Securities Held to Maturity
 U.S. Government Agencies                     $   1,186   $     -      $     (66)   $   1,120
 Collateralized Mortgage Obligations                  2         -              -            2
                                              -----------------------------------------------
Total                                         $   1,188   $     -      $     (66)   $   1,122
                                              ===============================================
Securities Available for Sale
 U.S. Government Agencies                     $  20,874   $     -      $    (393)   $  20,481
 Mortgage Backed Securities                     165,065         -         (5,973)     159,092
 Commercial Mortgage Backed Securities           71,145         -           (118)      71,027
 Corporate Notes                                 83,617         -         (1,385)      82,232
 Collateralized Mortgage Obligations            152,621         -         (4,661)     147,960
 Asset Backed Securities                        315,481         -         (4,872)     310,609
 Other Securities                                 3,202         -              -        3,202
                                              -----------------------------------------------
Total                                         $ 812,005   $     -      $ (17,402)   $ 794,603
                                              ===============================================


Trading Account Securities
 Equity Issues                                $       -   $     -      $       -    $   3,189
                                              -----------------------------------------------
                                              $       -   $     -      $       -    $   3,189
                                              ===============================================

</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
  Auction Preferred Stock                             -         -              -            -
  Commercial Paper
  Other Securities                                6,110         -              -        6,110
                                              -----------------------------------------------
Total                                         $ 697,300   $     -      $ (14,283)   $ 683,017
                                              ===============================================

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

</TABLE>



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

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

      As  of June 30, 2000, other investments totaled  $14.0
million.  Included  in  the  balance  is  $6.5  million   of
investments in various venture capital funds which  in  turn
invest in technology companies. There were $16.1 million  of
commitments to invest in such funds as of June 30, 2000.  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 $7.0 million as of June  30,
2000.  AFT  owns  a number of aircraft which  it  leases  to
different   lessees   in   various  countries.   All   these
partnership  interests  are  accounted  for  by  the  equity
method.  Also included in other investments are  investments
made  by  the  Bank in corporations responsible for  lending
activities   qualifying  under,  among  other  things,   the
Community  Reinvestment Act. These investments are accounted
for by the cost method or equity method, as appropriate.


Deposits
--------

      The Company's deposits totaled $1,627.6 million as  of
June  30,  2000,  representing a $136.8  million,  or  9.2%,
increase  from  total  deposits of $1,490.8  million  as  of
December   31,  1999.  All  deposit  categories  experienced
increases  with  the  exception  of  saving  deposits  which
decreased  $6.2  million,  or  8.0%.  Time  certificates  of
deposit  of  $100,000 or more and demand deposits  increased
$75.4  million  or  10.6%,  and  $67.6  million,  or  13.6%,
respectively, representing the largest growth components.

      There were no brokered deposits outstanding as of June
30,  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  deposits of $100,000 or more having maturities of  one
year  or  less,  in the past the depositors  have  generally
renewed their deposits at their maturity.  Accordingly,  the
Company believes its deposit source to be stable.

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


<TABLE>
<CAPTION>

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

3 Months or Less                           $ 477,652
Over 3 Months Through 6 Months               176,156
Over 6 Months Through 12 Months              115,788
Over 12 Months                                18,207
----------------------------------------------------
Total                                      $ 787,803
----------------------------------------------------

</TABLE>


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

      As of June 30, 2000, the Company has three sources  of
other  borrowings. As of June 30, 2000, the  Bank  had  $8.5
million outstanding of federal funds purchased, representing
an overnight borrowing from one of its major correspondents.
The rate of interest paid on the federal funds purchased was
7.44%.

     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
up  to  25 percent of its assets.  The following relates  to
the four outstanding advances as of June 30, 2000:

<TABLE>
<CAPTION>

-------------------------------------------------------------
   Maturity            Amount          Fixed Rate of Interest
                   (In Thousands)
-------------------------------------------------------------
<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
June  30,  2000  has a composite fixed rate of  interest  of
4.85%.

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


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

      As  of  June  30, 2000, the Company had  $0.7  million
outstanding  net  of $59,000 on mark to  market  of  forward
sales involving one equity security.  Equity securities  are
non-interest bearing.

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

      Stockholders' equity totaled $152.6 million as of June
30,  2000,  an  increase of $19.6 million,  or  14.7%,  from
$133.0 million as of December 31, 1999.
     An analysis of the change in stockholders' equity is as
follows:

<TABLE>
<CAPTION>

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

Balance as of December 31, 1999                        $ 133,038
Repurchase of Stock                                       (3,473)
Net Income                                                23,725
Cash Dividends                                            (2,189)
Change in Securities Valuation, Net of Tax                (1,807)
Stock Issuance (Includes $1,571 cost of shares held
 in Trust for Deferred Compensation)                       3,072
Exercise of Stock Options and related Tax Benefits           248
-----------------------------------------------------------------
Balance as of June 30, 2000                            $ 152,614
-----------------------------------------------------------------

</TABLE>

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

<TABLE>
<CAPTION>

------------------------------------------------------------------------------------
                                     Well-Capitalized     June 30,      December 31,
                                       Requirements         2000            1999
------------------------------------------------------------------------------------
<S>                                        <C>           <C>              <C>

GBC Bancorp
Tier 1 Leverage Ratio                        5%            8.54%            8.06%
Tier 1 Risk-Based Capital Ratio              6%            9.42%            9.07%
Total Risk-Based Capital Ratio              10%           12.86%           12.83%

General Bank
Tier 1 Leverage Ratio                        5%            9.80%            9.58%
Tier 1 Risk-Based Capital Ratio              6%           10.86%           10.82%
Total Risk-Based Capital Ratio              10%           12.05%           12.07%
------------------------------------------------------------------------------------

</TABLE>


      For  the six months ended June 30, 2000, the ratio  of
the Company's average stockholders' equity to average assets
was 7.66%.  For the year ended December 31, 1999, this ratio
was 8.57%.


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

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

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


Liquidity
---------

      Liquidity measures the ability of the Company to  meet
fluctuations  in deposit levels, to fund its operations  and
to  provide  for  customers'  credit  needs.   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 $717.0 million, or 37.5% of total assets, as  of
June 30, 2000, compared to $504.5 million, or 28.9% of total
assets, as of December 31, 1999.

      To  further supplement its liquidity, the Company  has
established federal funds lines with correspondent banks and
three  master  repurchase agreements  with  major  brokerage
companies.  In August, 1992, the Federal Home Loan  Bank  of
San  Francisco  ("FHLB") granted the Bank a line  of  credit
equal  to 25 percent of assets with payment terms up to  360
months.   Management believes its liquidity  sources  to  be
stable and adequate.

     As of June 30, 2000, total loans and leases represented
57.8%  of total deposits.  This compares to 56.1% and  62.1%
as of March 31, 2000 and December 31, 1999, respectively.

      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 six months ended June  30,  2000,  the Bank declared
cash dividends of $5.7 million to GBC Bancorp.

"GAP" measurement
-----------------

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

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

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

      As  of  June 30, 2000, there was a cumulative one-year
negative "gap" of $672.9 million, up from $591.4 million  as
of December 31, 1999.

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


<TABLE>
<CAPTION>






                                                                                JUNE 30, 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          $    9,471    $        -      $  135,819     $ 649,313   $       -          $   794,603
Securities Held to Maturity                     -             -           1,186             2           -                1,188
Trading Account Securities                      -             -               -             -       3,189                3,189
Federal Funds Sold & Securities
 Purchased Under Agreement to
 Resell                                    91,750             -               -             -           -               91,750
Loans and Leases (1) (2)                  667,664        27,502         116,040       117,553           -              928,759
Non-Earning Assets (2)                          -             -               -             -      91,356               91,356
                                       ---------------------------------------------------------------------------------------

Total Earning Assets                   $  768,885    $   27,502      $  253,045     $ 766,868   $  94,545          $ 1,910,845
                                       =======================================================================================
Source of Funds for Assets:
Deposits:
 Demand - N/B                          $        -    $        -      $        -     $       -   $ 186,024          $   186,024
 Interest Bearing Demand                  379,806             -               -             -           -              379,806
 Savings                                   71,802             -               -             -           -               71,802
 TCD'S Under $100,000                     102,418        92,151           7,614             -           -              202,183
 TCD'S $100,000 and Over                  477,652       291,944          18,207             -           -              787,803
                                       ---------------------------------------------------------------------------------------
Total Deposits                         $1,031,678    $  384,095      $   25,821     $       -   $ 186,024          $ 1,627,618
                                       =======================================================================================

Federal Funds Purchased &
 Securities Sold Under
 Agreement to Resell                   $    8,500    $        -      $        -     $       -   $       -          $     8,500
Forward Sales Equity Security                   -             -               -             -         674                  674
Borrowings from the Federal
 Home Loan Bank                                 -        45,000           5,000             -           -               50,000
Subordinated Debt                               -             -               -        39,072           -               39,072
Other Liabilities                               -             -               -             -      33,170               33,170
Stockholders' Equity                            -             -               -             -     151,811              151,811
                                       ---------------------------------------------------------------------------------------
Total Liabilities and
 Stockholders' Equity                  $1,040,178    $  429,095      $   30,821     $  39,072   $ 371,679          $ 1,910,845
                                       =======================================================================================

Interest Sensitivity Gap               $ (271,293)   $ (401,593)     $  222,224     $ 727,796   $(277,134)
Cumulative Interest
 Sensitivity Gap                       $ (271,293)   $ (672,886)     $ (450,662)    $ 277,134           -
Gap Ratio(% of Total Assets)                -14.2%        -21.0%           11.6%         38.1%      -14.5%
Cumulative Gap Ratio                        -14.2%        -35.2%          -23.6%         14.5%        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  shows
the  Company's financial instruments that are  sensitive  to
changes  in  interest rates categorized  by  their  expected
maturity, as of June 30, 2000:


<TABLE>
<CAPTION>



                                                           Expected Maturity Date
                                                               June 30, 2000
                                                           (Dollars in Thousands)
                                        -------------------------------------------------------------
                                         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           $  33,005    $  84,584   $ 559,616    $ 117,398   $   794,603
Securities Held to Maturity                 1,188            -           -            -         1,188
Federal Funds Sold & Securities
 Purchased Under Agreements to
 Resell                                    91,750            -           -            -        91,750
Loans and Leases (1)                      667,664       27,502     116,040      117,553       928,759
                                        -------------------------------------------------------------
Total Interest-earning Assets           $ 793,607    $ 112,086   $ 675,656    $ 234,951   $ 1,816,300
                                        =============================================================
Interest-sensitive Liabilities:
Deposits:
 Interest Bearing Demand                $  13,022    $  39,064   $ 252,378    $  75,342   $   379,806
 Savings                                    2,393        7,180      47,868       14,361        71,802
 Time Deposit of Certificates             580,070      384,095      25,821            -       989,986
                                        -------------------------------------------------------------
Total Deposits                          $ 595,485    $ 430,339   $ 326,067    $  89,703   $ 1,441,594
                                        =============================================================

Federal Funds Purchased &
 Securities Sold Under
 Repurchsed Agreements                  $   8,500    $       -   $       -    $       -   $     8,500
Borrowing from FHLB                             -       45,000       5,000            -        50,000
Subordinated Debt                               -            -           -       39,072        39,072
                                        -------------------------------------------------------------
Total Interest - sensitive
 Liabilities                            $ 603,985    $ 475,339   $ 331,067    $ 128,775   $ 1,539,166                     166
                                        =============================================================
</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 portfolio equity is defined as the present value of
assets  minus  the  present value  of  liabilities  and  off
balance   sheet  contracts.   The  table  below  shows   the
estimated  impact  of  changes  in  interest  rates  on  net
interest  income and market value of equity as of  June  30,
2000:

<TABLE>
<CAPTION>


                              NET INTEREST          MARKET VALUE OF
CHANGE IN INTEREST         INCOME VOLATILITY        EQUITY VOLATILITY
RATES (BASIS POINTS)       JUNE 30, 2000 (1)        JUNE 30, 2000 (2)
---------------------------------------------------------------------
      <C>                      <C>                     <C>

       +200                     -3.67%                  -12.16%
       +100                     -1.86%                   -6.26%
       -100                     -0.53%                    6.19%
       -200                     -2.13%                   11.03%

</TABLE>

(1)  The percentage change in this column represents net interest
     income for 12 months in a stable interest rate environment
     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 portfolio equity volatility in response
to  a  100 and 200 basis point increase in rates of 10%  and
15%, respectively.


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

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


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

      In June 1998, the Financial Accounting Standards Board
("FASB")   issued  Statement  No.  133,  "  Accounting   for
Derivative   Instruments  and  Hedging   Activities."   This
statement establishes accounting and reporting standards for
derivative   instruments  (e.g.,   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.

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

      FASB  No.  138  would  be  adopted  concurrently  with
implementation of FASB No. 133. Management  does not believe
there  will  be  a material adverse impact on the  financial
position  or  results  of  operation  of  the  Company  upon
adoption of FASB 133 and 138.

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














                 PART II - OTHER INFORMATION















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

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


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

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


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

     This item is not applicable.


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

     At the Annual Meeting of Shareholders held on April 27,
     2000,  a  proposal to elect fourteen directors  to  the
     Board  of  Directors of the Registrant to  hold  office
     until  the next meeting and until their successors  are
     elected  and  qualified was approved  by  shareholders.
     This proposal received the following votes:

<TABLE>
<CAPTION>

                               For            Withheld
                               ---------      --------
     <S>                      <C>            <C>

     Bernard Chen              9,778,575      32,835
     Thomas C.T. Chiu          9,780,027      31,383
     Chuang-I Lin              9,780,027      31,383
     Ko-Yen Lin                9,780,027      31,383
     Ting Yung Liu             9,780,027      31,383
     John Wang                 9,778,575      32,835
     Kenneth Wang              9,778,575      32,835
     Chien-Te Wu               9,780,027      31,383
     Julian Wu                 9,780,027      31,383
     Li-Pei Wu                 9,780,027      31,383
     Peter Wu                  9,780,027      31,383
     Ping C.Wu                 9,780,027      31,383
     Walter Wu                 9,780,027      31,383
     Chin-Liang Yen            9,778,575      32,835

</TABLE>




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)



         August 11, 2000
Dated: __________________        s/ ________________________
                                    Li-Pei Wu, Chairman and
                                    Chief Executive Officer


         August 11, 2000
Dated: __________________        s/ ________________________
                                    Peter Lowe, Executive
                                    Vice President and
                                    Chief Financial Officer