UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

FORM 3

   OMB APPROVAL
   OMB Number: 3235-0104
   Expires: December 31, 2001
   Estimated average burden
   Hours per response . . . . 0.5
(Print of Type Responses)

1.   Name and Address of Reporting Person*

Cypres Investments Holdings, L.P.

2.   Date of Event
     Requiring Statement
     (Month/Day/Year)

      3/23/2001

  4.  Issuer Name and Ticker or Trading Symbol

   Banner central Finance Company (BCFN)

             (Last)               (First)                 (Middle)



   5480 East Ferguson Drive

  3.   I.R.S Identification
       Number of
       Reporting Person, if an entity
       (Voluntary)

  5.   Relationship of Reporting Person(s) to Issuer
                         (Check all applicable)

   6.   If Amendment, Date of
       Original (Month/Date/Year)
  ____ Director
  ____ Officer (give
                        title below)		   X   10% Owner
___  Other (specify
                  below)

  7.    Individual or Joint/Group
         Filing (Check Applicable Line)
            __X_  Form filed by One Reporting Person
            ____   Form filed by More than One Reporting Person

(Street)

    Commerce, CA  90022

____________________________

(City)

(State)

(Zip)

Table I   Non-Derivative Securities Beneficially Owned
  1.    Title of Security
         (Instr. 4)		   2.   Amount of Securities
        Beneficially Owned
        (Instr. 4)		 3.   Ownership
       Form:  Direct
       (D) or Indirec
       (I)  (Instr. 5)		 4.   Nature of Indirect Benefical Ownership
       (Instr. 5)

  Common Stock
  723,182
  D




















Reminder:  Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
                 (Over)
SEC 1473 (3-99)
FORM 3 (continued)                                  Table II   Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1.   Title of Derivative Security
       (Instr. 4)		 2.  Date Exercisable
      and Expiration
      Date
      Month/Day/Year		 3.   TItle and Amount of Securities Underlying
       Derivative Security
       (Instr. 4)		 4.  Conversion
      or Exercise
      Price of
      Derivative
      Security 		5.  Ownership
      Form of
      Derivative
      Security:
      Direct (D) or
      Indirect (I)
      (Instr. 5)

 

 

 6.  Nature of Indirect
      Beneficial Ownership
      (Instr. 5)
   Date
   Exer-
   ciable		 Expira-
tion
Date


Title

  Amount
  or
  Number
  of Shares

   

       

   

       

   

       
     

       
     

       
     

       
Explanation of Responses:  

     
             

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations                                                     /s/ Gary M. Cypres                                       April 3, 2001    
   See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)                                                                                                                             **Signature of Reporting Person                          Date
                                                                                                                                                                                                     Gary M. Cypres, President
Note:  File three copies of this Form, one of which must be manually signed. If space is insufficient,                                 G.M. Cypres & Co., Inc. its general partner
           see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.                                                                                                                                                       		  


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