Exhibit 10.11.7      Quaker City Bank Change in Control Agreement Renewal and
                     Extension Acknowledgment between Quaker City Bank and
                     Robert C. Teeling dated July 1, 2001.



                                QUAKER CITY BANK
                          CHANGE IN CONTROL AGREEMENT
                      RENEWAL AND EXTENSION ACKNOWLEDGMENT



Name of Participant:              Robert C. Teeling
                    ---------------------------------------------------------





The undersigned participant does hereby acknowledge that, at their regularly
scheduled meeting  on

June 21, 2001, the Board of Directors of Quaker City Bank acted to renew and
extend the Quaker City Bank Change in Control Agreement with the undersigned
participant to a full twenty-four (24) month term, until June 30, 2003.


Dated this ___1st___ day of ____July____, A.D., ______2001_______.



                              QUAKER CITY BANK


  /s/ Robert C. Teeling        By:  /s/ Frederic R. McGill
-------------------------         --------------------------
Participant                       President